After Historic Boom, Warehouse Development In Greater Boston Falls By 80%
The region delivered a record amount of industrial space last year, but now the construction pipeline is a fraction of where it was in prior years.
The region delivered a record amount of industrial space last year, but now the construction pipeline is a fraction of where it was in prior years.
Panelists said private funding streams like Amazon's $2B Housing Equity Fund have helped fill gaps in increasingly precarious capital stacks.
The REIT is adding a suite of amenities to the 11-story office building at 2011 Crystal Drive, which is 43% vacant.
Local blowback is delaying major data center projects, and developers are starting to adjust how they deal with the communities they're trying to build in.
CEO Owen Thomas said Amazon's new in-office policy should lead other tech companies to follow in its wake, and the increased usage is boosting leasing demand.
The retail giant attributed the closures to escalating operating costs and other challenges that made Walmart Health's business model unsustainable.
Adam Selipsky is stepping down as CEO of AWS. He will be replaced by the company's sales chief, Matt Garman, in a move effective June 3.
The REIT reported a $24.4M loss in the second quarter as its office occupancy decreased, and it expects upcoming vacancies will continue to drag down earnings.
Equinix and Digital Realty expect their colocation data centers to be a key piece of the AI ecosystem. But for now, AI demand is coming mainly from hyperscalers
Fortis Cos. buys a 162-unit Crystal City apartment building from Equity Residential, Comstock tops out JW Marriott and Residences at Reston Station, and more.
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