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Los Angeles has launched a new ordinance to simplify converting empty commercial buildings into housing, aiming to tackle the city's housing and office vacancy crises.
Investors are increasingly converting vacant office buildings into high-demand data centers, a trend driven by remote work and the growth of AI.
A 106,600-square-foot office building in Somerset, New Jersey, has been sold to a healthcare provider for conversion into modern outpatient surgery centers.
A former Staples store in Lynnwood, WA has been repurposed for healthcare use by MultiCare Health System after being acquired by the Centurion Foundation.
Developers are increasingly converting old office buildings and industrial sites into modern housing, a trend driven by vacant commercial space and a national housing shortage.
