#New Space / Commercial Space Market Analysis
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New SpaceTime out Monday
SpaceTime 20240812 Series 27 Episode 97
The solar system’s origins revealed
An analysis of asteroid samples brought to Earth by NASA’s OSIRIS-Rex spacecraft has shown that our solar system was created following a nearby supernova explosion.
Starliner’s crew could be stranded until 2025
There are growing fears that the crew of Boeing’s trouble plagued Starliner spacecraft could remain stranded aboard the International Space Station until next year.
Busy times aboard the International Space Station
Its rush hour aboard the International Space Station at the moment with no less than six spacecraft currently docked to the orbiting outpost.
The Science Report
Sea temperatures in the Great Barrier Reef are now the warmest they’ve been in 400 years.
Common plastics linked to an increased risk of autism spectrum disorder in boys.
Dugong numbers continue to decline.
Skeptics guide to why athletes keep falling for superstitions
SpaceTime covers the latest news in astronomy & space sciences.
The show is available every Monday, Wednesday and Friday through Apple Podcasts (itunes), Stitcher, Google Podcast, Pocketcasts, SoundCloud, Bitez.com, YouTube, your favourite podcast download provider, and from www.spacetimewithstuartgary.com
SpaceTime is also broadcast through the National Science Foundation on Science Zone Radio and on both i-heart Radio and Tune-In Radio.
SpaceTime facebook: www.facebook.com/spacetimewithstuartgary
SpaceTime Instagram @spacetimewithstuartgary
SpaceTime twitter feed @stuartgary
SpaceTime YouTube: @SpaceTimewithStuartGary
SpaceTime -- A brief history
SpaceTime is Australia’s most popular and respected astronomy and space science news program – averaging over two million downloads every year. We’re also number five in the United States. The show reports on the latest stories and discoveries making news in astronomy, space flight, and science. SpaceTime features weekly interviews with leading Australian scientists about their research. The show began life in 1995 as ‘StarStuff’ on the Australian Broadcasting Corporation’s (ABC) NewsRadio network. Award winning investigative reporter Stuart Gary created the program during more than fifteen years as NewsRadio’s evening anchor and Science Editor. Gary’s always loved science. He studied astronomy at university and was invited to undertake a PHD in astrophysics, but instead focused on his career in journalism and radio broadcasting. Gary’s radio career stretches back some 34 years including 26 at the ABC. He worked as an announcer and music DJ in commercial radio, before becoming a journalist and eventually joining ABC News and Current Affairs. He was part of the team that set up ABC NewsRadio and became one of its first on air presenters. When asked to put his science background to use, Gary developed StarStuff which he wrote, produced and hosted, consistently achieving 9 per cent of the national Australian radio audience based on the ABC’s Nielsen ratings survey figures for the five major Australian metro markets: Sydney, Melbourne, Brisbane, Adelaide, and Perth. The StarStuff podcast was published on line by ABC Science -- achieving over 1.3 million downloads annually. However, after some 20 years, the show finally wrapped up in December 2015 following ABC funding cuts, and a redirection of available finances to increase sports and horse racing coverage. Rather than continue with the ABC, Gary resigned so that he could keep the show going independently. StarStuff was rebranded as “SpaceTime”, with the first episode being broadcast in February 2016. Over the years, SpaceTime has grown, more than doubling its former ABC audience numbers and expanding to include new segments such as the Science Report -- which provides a wrap of general science news, weekly skeptical science features, special reports looking at the latest computer and technology news, and Skywatch – which provides a monthly guide to the night skies. The show is published three times weekly (every Monday, Wednesday and Friday) and available from the United States National Science Foundation on Science Zone Radio, and through both i-heart Radio and Tune-In Radio.
#science#space#astronomy#physics#news#nasa#astrophysics#esa#spacetimewithstuartgary#starstuff#spacetime#hubble space telescope#jwst
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"Foliage, Flowers, and Feelings, Oh My!" in Step By Step Ep. 8.
The flower motifs were rampant throughout all of episode eight, more so than the majority of any of the previous episodes. Maybe I was made aware because Jeng brought attention to them while he was preparing for his date, ahem, market research with Pat this time around, but man, everywhere I looked on screen, I could only focus on the flowers.
Since a lot of the shots that had the flowers were blurred, take my analysis with a heavy amount of skepticism. Not to mention, my discussion of the flowers and their meanings are deriving from a Western point of view; flowers and their significance can differ greatly between cultures. [Specifically my understanding derives from my Latin-American and American upbringing with the meanings behind certain flowers and any research I came upon, so if you have any better cultural understanding that is more applicable, feel free to sound off].
There was so much imagery with flowers in this episode that I'm going to attempt to organize this analysis with specific scenes where I, personally, could not help but immediately notice the flowers and become hyper-aware of them.
Love Blooms Best at a Restaurant
While we see flowers and plants in the first quarter of the episode, they're typically at the very corners of the foreground, heavily blurred, or rather small, where it's presence is easily forgotten (i.e., the tiny plant on Put's living room table.) The plants and flowers really start to become a greater motif after Jeng requests the first restaurant to fill the empty space that he rented out with bouquets.
Now there are so many different flowers that make up the several bouquets that are brought in by the restaurant staff, so I'll briefly mention the most commercially known and their significance, while delving a little deeper into the flowers that were a bit harder to identify but that I strongly believe are in the bouquets.
First, the most obvious of the flowers were the red and pink roses that make a portion of the vase that is put at the table where Jeng and Pat sit. Pink roses typically take on the significance of admiration and gratitude, while red roses are generally used to signify love and passion. Hidden behind those, which we are only able to catch a glimpse at in far-away shots before the vase gets turned, are yellow snapdragons. There is a longstanding belief that when you hide a snapdragon, it's going to make you appear to be enchanting and amiable; this often results with the snapdragon being correlated with good-luck and deception.
Meanwhile behind Jeng, there is a huge bouquet that is made up of pink lilies, and what I believe to be, but not 100% sure, pink orchids. Pink lilies are generally used to depict new love, friendship, and admiration, while pink orchids are generally for thoughtfulness, refinement, and mature charm.
The flowers here seem to be very representative of both Jeng's mentality and the current state of relationship that Pat and Jeng have. Prior to this, Pat had gone from cancelling their meeting (destroying any hope that Jeng had) to asking if he was still up to going out (restoring it slightly, thank you Ae and Beam.) Jeng has made it apparent that he admires Pat for his talent and work ethic, praising Pat when he does a job well done, but this admiration has gone far beyond "you're a great worker", which Pat is completely unaware of. For Pat, this is just another work event that he is doing as a favor to his boss, without knowing that Jeng wishes is more than just work and how much effort he put into making this "not-date" "date-like". While deception has an incredibly negative connotation, in a way this is applicable here, this is Jeng's pretense to spend more time with Pat outside of work.
Jeng has been treading the line of boss and loverboy lightly, because he is more than aware of the consequences that could occur due to his attraction and feeling towards Pat. So he does what he does best, delve into work and find a way to incorporate it so he can spend some quality time with Pat, even if Pat isn't fully aware of his intentions, which is why it catches Jeng off-guard when Pat points out how much this outing resembles a date. This is a new chapter that Jeng is trying to navigate and breach, even without fully knowing the way to get there. He's learning how Pat ticks, when Pat is silent and what it likely means, and how much pain and burden Pat carries, even when its unnecessary. He's seen Pat at some of his worst moments, at his tactless moments, and he's falling for all sides of him, even if Pat is fully oblivious at this point. And Jeng is so proud of himself, when he gets the restaurant to look just right for when Pat arrives.
Running Leads the Heart to the Silver Trumpet Tree
The second full shot of flowers in this episode was after Pat and Jeng narrowly made it out from running into Chot, specifically after they finally came to a stop after sneakily running away from him, in order to not be caught fraternizing outside of the workplace. When they finally come to a stop, Silver [Yellow] Trumpet Tree [Tabebuia Aurea], also known as Lueang India (Yellow India) in Thai, cover the background when Pat and Jeng have finally come to a halt. While it can be easily mistaken with the Golden Shower Trees, which I believe is the national flower of Thailand, the Yellow Trumpet trees are as common but are distinct in the clusters that they form.
While the there is no distinct meaning or symbolism behind Silver Trumpet Tree, the Trumpet flowers, generally, have a more positive interpretation on its symbolism. Yellow Trumpet flowers tend to be referred to the Angel's Trumpet, which really leads to the auspicious significance that is attached. Depending on the culture that is interpreting the flower, the significance of the trumpet flower can range from prosperity and good luck to new beginnings.
Here, we find ourselves with Pat and Jeng running off in an attempt to avoid being seen by Chot. Jeng had just gone through the effort of making renting out the prior restaurant and decorating with as many bouquets as possible in attempt to make the non-date, date-adjacent. Yet, while this plan seems to be partially ruined, I think Jeng should be thanking Chot. For the first time, they held hands and weren't letting go. While Put and Pat may have been balanced physically, Pat was always being left behind by Put, even if it was unintentional. Put was the one leading their relationship, taking the first steps to enter and exit out of Pat's life, yet in comparison with Jeng, while Jeng may tower over Pat, he has always been the one to push Pat rather than pull, this was the first time that he was pulling Pat with him. And let me just say, Jeng was not the first one to let go. Their relationship is evolving.
Pat had cancelled meeting with Jeng, after not feeling well about breaking up with Put. Put was his first love, he was the one that had been abandoned, but it's still difficult to come to terms that the love and man you had idealized prior was no longer the man that you were in love with, no matter how hard you attempt to fix together the pieces that had remained. Yet, instead of wallowing in the pain, Pat reached out again to Jeng and asked him if they could still go out, even though he was the one the previously opted out. If Pat being proactive, even when clueless, isn't a step into a new beginning, I don't what is—
Barriers made visible with Peonies and Peperomia
After running away from Chot, they found themselves in a new restaurant, one that partakes in the tradition of plate smashing. Throughout this who sequence, we have the the ornate bouquet in the background that is creating a visual barrier, dividing the restaurant in two sides. In doing so, we're also seeing a rather physical divide between Jeng and Pat. Now I'm sure there are color theories that play into this, with the hues of purple at play, but we don't get a closer, albeit still blurred, look of the flowers until Pat gets up to smash his own plate.
There are two plants that I'm almost certain that are making up the parts of the bouquet. First, what I believe to be red peonies, specifically closed darker red peonies, not yet fully bloomed. Second, it seems that the foliage that is being used to fill the bouquet is watermelon peperomia.
Now Peonies are one of the flowers that have a huge variety of origin stories, so I'm going to stick with the Greek origin story of the Red Peonies since they were in a Greek-themed restaurant (where they're smashing plates to throw away their bad luck). In a water-downed version of the origin story, the red peony is tied to a nymph named Paeonia. Paeonia was incredibly beautiful and attracted the attention of Apollo, resulting in a lot of flirtatious exchanges between the two of them. As they were flirting, Paeonia becomes aware of Aphrodite's presence and turns deep red. Out of spite, Aphrodite turns Paeonia into a red peony. As a result, red peonies are typically understood as a sign of bashfulness, passion, and love.
On the other hand, watermelon peperomia, or more generally, peperomia tends to take on the significance of hope and in certain areas of Latin America, are given as gifts to say that 'Everything will be alright.'
First off, this whole sequence of scenes took me incredibly long to get through just because it felt so intimate both due to Jeng's dilemma in confessing and Pat's own internal fight against his misery.
This whole portion was filled with different points where Pat unintentionally gave Jeng openings. From ordering the Lovers' Special to Pat telling Jeng directly, "I prefer the time that we were nothing like a boss and subordinate." The frankness that Pat was giving Jeng, even if he was a bit tipsy, renewed Jeng's hope that just maybe Pat shares some of the same feelings that he does. As @respectthepetty mentioned here Jeng keeps having an internal battle with his love for Pat this whole episode, so the frankness that Pat is gifting Jeng is like a crumb trail that Jeng is more than happy to swallow up. Giving him a semblance of hope, that just maybe, they could go back to who they were before they met as boss and employee.
Which is what leads into the scene of Jeng's imaginary confession to Pat. This whole series of scenes we're given a glimpse into Jeng's internal monologue, and as @shouldiusemyname stated here, so much of Jeng's internal conflict deals with the uncertainty of where he stands with Pat, because even though he's doing everything to subtly show his interest, Pat is rather oblivious. Throughout this whole dinner, Jeng was sending smoke signals that Pat kept putting out. It's palpable that this is out of Jeng's comfort zone, but he is still trying. Yet, he sees the glimpses of pain that Pat has on his shoulder, and instead of wishing for his own happiness or for Pat's love, instead he wishes that everything will get better for Pat. He, very literally, smashes away Pat's sadness.
Moss my heart and hope to die
If I thought Pat and Jeng were surround by plants and flowers before, when they made their way to the speakeasy, they were not only in a presumed queer bar that Jeng frequents [@chicademartinica reaction really mirrored mine here], but they were surrounded by foliage in every room of this bar. The main distinction between the plants here and in other scenes is that the vast majority of the plants in the bar seemed to be non-flowering. Yet, the greenery was always present, either in an actual planter or even as a mural on the walls and beams of this bar.
Now there were so many leafy greens here, that it would be rather difficult to even attempt to pinpoint what plants are where during what time, but I will say the Spanish Moss, that was adorning the exterior of the speakeasy entrance and framing the right side of the shot, was very apparent.
There's a couple legends that come with the significance of Spanish Moss, but the most popular one derives from Spanish legend. According to Spanish lore, a Spanish explorer [some times told to be a pirate] had attempted to 'buy' a beautiful native woman. Obviously, she feared him and ended up running away, attempting to flee his grasp. He pursued her and in a final attempt to escape, she climbed high up into a tree. In his attempt to capture her he follows her up the tree, but becomes entangled in the tree and dies there, the only thing that remained was his 'grey beard' that continued to grow and spread throughout the tree.
Spanish moss, when used spiritually, is typically used to promote protection for the home, as a sign of security, and a general promise of protection. While some may have a preconceived notion of the plant being parasitic, they are also known for the healing qualities that they are able to provide.
Jeng had a specific purpose when he took Pat along to the bar that he frequents with Jaab and Pat goes along because, as @wen-kexing-apologist stated, he's being self-destructive and wants to forget all the pain from his second break-up with Put. Jeng was more than aware that Pat, even though he was shooting him smiles and having a generally good time for the most part, was struggling, hence why he insisted on one more outing before sending him home alone where he knew that Pat would be suffering alone.
Instead, he brings him to the one spot that, very likely, only his inner-circle would know about. This isn't just about the market research they're conducting, it wasn't even on the list that Pat had drawn up so that they could examine and consider applying to Jeng's own restaurant. A line was being crossed, a literal physical barrier in the shape of hidden bookshelf door, because this is Jeng bringing Pat into his personal life. Jeng has some degree of notoriety, which we haven't explicitly been show to what degree except for very select few moments, but everyone keeps mentioning [@respectthepetty has a great post collecting all these moments.] This speakeasy is likely a safe-haven for Jeng, a reprieve from the insane work-life balance that he lacks. This is Jeng inviting Pat into his "home"; this is where Jeng brings Pat to distract him from the pain that he is carrying.
The Spanish Moss adorning the entrance to Jeng's hidden reprieve, while can seem ominous at first glance, is actually an invitation of where Jeng can offer more to Pat. Yet, while Jeng is so love-stricken by Pat that his brain keeps short-circuiting, he knows that his love isn't what Pat needs at the moment. No matter how much he wants to confess, he instead offers to be Pat's safe-haven, much like this bar has been to him. A place, a person, where Pat can be candid of his emotions, where he can drop the false smiles, really simmer in his feelings and really have someone to depend on rather than running away to another country, because of the pain that he is carrying. A restorative and therapeutic location that Pat can run to, which he didn't have before.
Final Thoughts
Now do I think that the producers and set directors put this much deep thought into every, single, specific flowers that were present in all the scenes in Episode 8? I would be honestly shocked if they did. But, plants and flowers are inserted in the arts to symbolize something. Whether it be new beginnings or blooming love or anything in between, so even if they weren't being so intentional with the specific symbolisms, I do think they were utilizing the botanical references to develop subtle understandings of where Pat and Jeng are in their relationship at the moment.
Anyways, if you made your way through all my senseless rambling, first off, thank you, and secondly, I'll leave you with this:
#step by step#step by step the series#step by step meta#thai bl meta#jengpat#patjeng#jeng x pat#pat x jeng#pat phakphum#jeng kittiphong#ben bunyapol#man trisanu#thai bl#meta analysis#If only I could write for law review as easily as I did this that would save me so much brain pain and time#plants and film#steph rambles#steph overanalyzes#nl#bl meta
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New York City real estate, 02024 AD
https://www.nytimes.com/2024/08/06/nyregion/pharmacies-vacant-drugstores-retail.html?smtyp=cur&smid=bsky-nytimes
An empty Duane Reade, steps from Wall Street, darkens a landmark office building.
A former Walgreens in a condo in Murray Hill has been closed for over seven years.
A boarded-up Rite Aid in Astoria has attracted a homeless encampment in its parking lot.
They’re all examples of zombie pharmacies, the city’s living dead.
Scores of chain drugstores that once anchored shopping hubs across New York City remain shuttered even as much of the city’s storefront real estate has bounced back from the Covid-19 pandemic. Many could stay that way for years to come, because of ironclad leases, the difficulty of finding new tenants for the sprawling spaces and seismic shifts in the drugstore business, brokers and industry analysts said.
The result is over a million square feet of prime real estate collecting dust in some of the busiest commercial districts, according to a new analysis of the city’s pharmacy market. And critics say the stores have become neighborhood eyesores that attract illegal activity and detract from nearby businesses.
(...)
The pandemic forced many New York landlords to reduce rent and consider different tenants, which benefited many businesses, especially restaurants and cafes, services like nail salons and, for a time, a run of illicit smoke shops, he said.
But big pharmacies have gone in reverse. In 2014, after years of aggressive openings, the major drugstore chains had 656 locations in New York City, according to the Center for an Urban Future, a nonprofit think tank that tracks retail. Now there are fewer than 370, according to Live XYZ.
The industry has changed drastically in recent years, said George Hill, an analyst at Deutsche Bank who covers pharmacies. Pharmacies are now being reimbursed at lower rates for drug sales, which make up three-quarters of store revenue, while online shopping has cut into sales of convenience items like toothpaste and deodorant.
A major retail trade group had cited a surge in theft as a major contributor to store closures, but later admitted that its analysis was overstated. That perception, however, has been costly.
The most common reason is a concept called “dark rent.”
Pharmacy companies are seeking to cut their losses by shuttering unprofitable stores that have high labor costs, Mr. Hill said, but in most cases they are obligated to continue paying the rent long after the store closes, or goes dark.
Most of the pharmacies that have closed in recent years were signed to 10-, 15- or even 20-year leases, at rents that often exceed today’s rates, brokers said.
In these cases, a landlord has almost no incentive to seek a new tenant, allowing the store to sit empty for months or years, said Aric Trakhtenberg, an associate director at Newmark, a real estate firm....
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5. Musical Theatre and Stigmatization
Musical theatre, as a genre, is subject to stigmatization on multiple fronts. Firstly, there is the association with "popular" theatre, leading it to be seen as "low brow" compared to more prestigious theatre. Additionally, musical theatre demographics tend to lean young and feminine, both of which, especially when intersecting, face a lot of dismissal for their taste in art and culture.
Scholar Matt Hills discusses these phenomena in his articles “Implicit Fandom in the Fields of Theatre, Art, and Literature: Studying “Fans” Beyond Fan Discourses,” and “Popular Theatre and Its ›Invisible‹ Fans: Fandom as External/Internal to the Theatrical Field,” respectively, and the following analysis is based on those texts.
5.1 Musical Theatre as Low-Brow
Hills explains how, "in Mike Savage’s Social Class in the 21st Century[,] 'there are two modes of cultural capital, one which we term 'highbrow' and the other 'emerging''" Also sometimes referred to as "autonomous-autonomous" and "heteronomous-autonomous" modes, the distinction between them is that the former is universally seen as timeless and respectable (think Shakespeare), and while the latter is recognized for its cultural significance and impact, it is ultimately dismissed for being too commercialized.
"According to Savage’s data, 'highbrow' cultural capital is historically established and sanctioned in the education system, but 'it is also an ageing [sic] mode of cultural capital' which can be contrasted with 'emerging' cultural capital displayed by younger people and legitimated through their social media usage rather than through the educational system" (Hills).
Musical theatre falls under the "emerging" category of theatre despite being a long-established art form. This is mainly due to the commercial aspect of it and the seemingly endless rotation of new shows, especially those which handle topics more appealing to younger audiences (such as high school, the internet, and LGBTQ+ issues) and whose composition borrows from pop and R&B styles as opposed to the traditional Sondheim sound.
Therefore, it is no surprise that musical theatre has taken to fandom spaces, largely occupied by enjoyers of other "heteronomous-autonomous" media such as television. With its market appeal to a younger audience and its exclusion from "high-brow" theatre, fan culture develops in online niches.
5.2 Anti-Fandom Sentiment
"[Joli] Jensen (1992) also argued that modes of engagement have been assumed to distinguish 'fans' and 'aficionados': where fandom involves 'an ascription of excess, and emotional display,' the affinity of an arts patron 'is deemed to involve rational evaluation, and is displayed in more measured ways,' such as applause after a play. These cultural assumptions 'are based in status (and thus class) distinctions'" (Hills).
It is telling that the assumptions are classist (and by proxy, ageist), especially considering the soaring price of theatre tickets, even for musical theatre. Anti-fandom sentiment, however, is also rooted in sexism. Hills writes: "This 'theatre snobbery' is at least partly gendered and directed against allegedly excessively emotional fangirls (Garside 2015)." Women, especially young women, face immense scrutiny when they engage with theatre or film due to their cultural perception as "shallow" and "emotional." Their cultural interests are often ridiculed or dismissed until someone with more social capital co-signs the media's merit. Compare, for instance, the perception of The Beatles in the 1960s and present-day, and you may find that what is now The Greatest Rock Group in History was once just a group of mop-headed teen heartthrobs.
Featured in Hills' article “Popular Theatre and Its ›Invisible‹ Fans: Fandom as External/Internal to the Theatrical Field” is an excerpt from Stacy Wolf's exploration of the sexist treatment of Wicked and its female fans by critics. She wrote:
"When Wicked opened in October 2003, critics who did not like the show used girls’ fandom to justify their own negative appraisal, arguing that girls, who could not distinguish between good and bad theatre, were the obvious intended audience for the silly show. [...] [I]n 2006, with the musical’s popularity [...] growing, [...] critics, who then claimed to appreciate the show, [...] stressed the musical’s 'universal appeal' and disavowed any notable relevance to girls’ lives."
This is just one of many examples of the constant dismissal faced by fans of musical theatre. Accusations that these shows are purely commercially-driven spectacles, or that they have minimal literary value, miss out on all the details which attract fandom, and those most often missing details are those who are the least likely to find themselves or their interests addressed in musical theatre. It is, ultimately, an art form for the underdog and the outcast, be it due to gender, race, sexuality, class, or age. It is incredibly ironic that it is those demographics who are the least likely to have the means to attend a show in person. The stigmatization of musical theatre is a reflection of a larger systemic issue: one which disenfranchises the fans who care the most about shows and ultimately results in online fandom being the only safe space for fans, new and old, to interact with each other and share a connection through their favourite media (most often not experienced live, but rather via a bootleg recording).
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Credit: NASA New space technology ideas emerge every day from innovators across the country, and NASA’s Small Business Innovation Research (SBIR) program on Monday selected more than 100 projects for funding. This program offers small businesses in the United States early-stage funding and support to advance the agency’s goals of exploring the unknown in air and space while returning benefits to Earth. Specifically, NASA’s SBIR program awarded $93.5 million in Phase II contracts to bring 107 new ideas to life from 95 selected small businesses. Of these businesses, nearly 80% have less than 50 employees, and 21% are receiving their first Phase II award, valued at up to $850,000 each. Each small business was also eligible to apply for up to $50,000 in Technical and Business Assistance program funding to help find new market opportunities and shape their commercialization roadmap. “We are thrilled to support this diverse set of companies as they work diligently to bring their technologies to market,” said Jenn Gustetic, director of Early Stage Innovation and Partnerships with NASA’s Space Technology Mission Directorate (STMD) at the agency’s headquarters in Washington. “Inclusive innovation is integral to mission success at NASA, and we’re excited to see that 29% of the awardees are from underrepresented groups, including 11% women-owned businesses.” In Phase II, awardees will build on their success from the program’s first phase to bring their technologies closer to real-world use. The companies have 24 months to execute their plans, which focus on their technologies’ path to commercialization. For example, NASA selected women-owned and first-time NASA Phase II awardee nou Systems, Inc. in Huntsville, Alabama, for its genetic testing instrument. While portable genetic sequencing already exists, field sequencing – that would allow DNA analysis anywhere on Earth or off planet – remains unfeasible as the preparation of the DNA Library remains an intensely manual process, needing a trained wet lab technician and several pieces of laboratory equipment. The Phase II technology takes advantage of several cross-enabling technologies, creating an instrument to automate the genetic sequencing process. “Our program works directly with small businesses to forge innovative concepts and technologies that drive impact for NASA projects as well as a myriad of commercial endeavors,” said Jason L. Kessler, program executive for NASA’s SBIR and Small Business Technology Transfer (STTR) program at NASA Headquarters. “This collaboration results in realized opportunities not only for NASA but all of humanity.” This includes technologies aiming to reduce astronaut workload and improve robotic scientific endeavors on the Moon and Mars. PickNik Inc. based in Boulder, Colorado, will use its Phase II award to continue developing a hardware-agnostic platform for supervised autonomy that empowers humans to command a remote robot to complete complex tasks with minimal input, which could support the Artemis program. Outside of NASA, PickNik’s software product may be of interest to commercial space customers working on low Earth orbit destinations, in-space servicing, and more, as well as on Earth in areas like warehouse management, oil rig maintenance, and deep-sea exploration. The NASA SBIR program is open to U.S. small businesses to develop an innovation or technology. The program is part of STMD and managed by NASA’s Ames Research Center in California’s Silicon Valley. To learn more about the NASA SBIR program, visit: https://sbir.nasa.gov -end- Jimi RussellHeadquarters, [email protected] Share Details Last Updated Apr 22, 2024 LocationNASA Headquarters Related TermsSmall Business Innovation Research / Small BusinessSpace Technology Mission Directorate
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Reliaable Developers: Trends That Will Transform Real Estate Development in 2024
As we step into the promising realm of 2024, the real estate industry is on the brink of a transformative era. Rapid technological advancements, changing consumer preferences, and a growing emphasis on sustainability are reshaping the landscape of real estate development. This blog highlights the main trends that will redefine the industry in the coming year, with a special focus on the innovative practices of Reliaable Developers, backed by positive Reliaable Developers reviews.
Technological Integration:
In today’s era, it has become vital to integrate technology with real estate development. In 2024, there will be a rapid rise in the adoption of advanced tools such as artificial intelligence, virtual reality, and blockchain. These technologies streamline project management, enhance the customer experience, and improve overall operational efficiency.
Reliaable Developers, an innovative land developer group, leads the way in embracing new technology. Utilizing advanced project management tools, they streamline planning, execution, and monitoring processes. Additionally, the company uses artificial intelligence for data analysis, enabling informed decision-making in project feasibility and market trends. Their commitment to incorporating technology is evident in the positive Reliaable Developers reviews, pointing out how well they blend ground-breaking techniques into their work.
Sustainable Development:
Modern real estate work now holds sustainability as a key piece. With people becoming more aware of the environment, developers are increasingly incorporating eco-friendly practices into their projects. From energy-efficient designs to the use of recycled materials, sustainability has moved from the back of the thoughts to a central point.
Reliaable Developers places a strong emphasis on environmentally friendly practices to ensure minimal impact on the ecosystem during the development process. Through careful planning and adherence to sustainable principles, the company actively avoids harming the environment while developing land. Positive Reliaable Developers reviews spotlight their dedication to the environment.
Flexible Workspaces and Mixed-Use Developments:
The rise of remote work has sparked a shift in the way people view their living spaces. Developers now include flexible work areas in housing complexes to adapt. Also, the trend of mixed-use developments is on the rise. Additionally, combining residential, commercial, and recreational spaces, is gaining traction.
Reliaable Developers has been quick to respond to these evolving needs. Their emphasis on mixed-use developments, seamlessly combining residential, commercial, and recreational spaces, reflects their innovative approach. Their planned layouts also provide a range of amenities that cater to the diverse needs of residents. Additionally, their well-planned layouts contribute to ample parking spaces, reducing traffic concerns, particularly in the bustling city of Bangalore.
Community Experience:
Reliaable Developers excels in fostering a sense of community among like-minded individuals within their developments. The company understands the importance of common areas, parks, and recreational spaces, which become hubs for residents to connect. The company actively cultivates an environment where like-minded individuals can come together, building relationships and a sense of belonging.
Conclusion:
Looking towards 2024, things are quickly changing in the field of real estate development. The industry is being transformed by technology, sustainable practices, adjustable workspaces, and a focus on building a community. The way forward is being led by companies like Reliaable Developers. The company with its forward-thinking approach and positive Reliaable Developers reviews, exemplifies the transformative spirit that will define the future of real estate development. As we move into the next year, we look forward to a time filled with innovation and progess. This will benefit both the developers and customers who are part of the ever-evolving real estate world.
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What are commercial real estate services?
Commercial real estate services refer to a range of professional services and activities related to the buying, selling, leasing, managing, and investing in commercial properties. Commercial properties include office buildings, retail spaces, industrial facilities, hotels, warehouses, and other income-producing real estate assets. These services are typically offered by real estate professionals, companies, and organizations specializing in the commercial real estate sector. Here are some of the key components of commercial real estate services:
Brokerage Services: Commercial real estate brokers help clients buy, sell, or lease commercial properties. They facilitate transactions, negotiate terms and conditions, and provide market insights to help clients make informed decisions.
Property Management: Property management companies oversee the day-to-day operations of commercial properties on behalf of owners. This includes tasks such as rent collection, maintenance, tenant relations, and financial reporting.
Leasing and Tenant Representation: Commercial real estate agents and brokers specializing in leasing help property owners find suitable tenants for their spaces. Tenant representation services assist businesses in finding suitable properties to lease.
Investment Services: Investment firms and professionals provide guidance on real estate investment strategies. They may help investors acquire, manage, or divest commercial properties to optimize returns.
Appraisal and Valuation: Appraisers determine the market value of commercial properties, which is crucial for financing, taxation, and decision-making purposes. Valuation services help property owners understand the worth of their assets.
Development and Construction: Developers and construction companies focus on creating new commercial properties or renovating existing ones. They handle the design, permitting, and construction phases of commercial real estate projects.
Financing and Mortgage Services: Lenders and financial institutions offer loans and mortgage products tailored to commercial real estate projects. These services help property buyers secure the necessary capital for their investments.
Market Research and Analysis: Real estate research firms provide market data, trends, and analysis to assist clients in making informed decisions. This includes information on vacancy rates, rental rates, and demand trends.
Consulting and Advisory Services: Real estate consultants offer strategic advice and planning services to property owners, investors, and developers. They may help clients optimize property portfolios, assess market risks, or formulate investment strategies.
Legal and Regulatory Services: Real estate attorneys specialize in handling legal aspects of commercial real estate transactions. They ensure that contracts, leases, and other legal documents comply with local laws and regulations.
Environmental Assessment: Environmental consultants assess commercial properties for environmental risks and compliance with environmental regulations. This is particularly important for properties with potential contamination issues.
Property Tax Services: Property tax consultants assist property owners in managing and minimizing property tax obligations by evaluating assessments and pursuing tax appeals when necessary.
Overall, commercial real estate services encompass a wide range of activities aimed at facilitating the acquisition, management, and optimization of commercial properties, with the goal of maximizing returns and minimizing risks for property owners, investors, and businesses.
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New Homes For Sale In Albuquerque, Nm
The Albuquerque Public Schools school district caters to over ninety,000 students’ instructional needs and is praised for its diversity. To see all the homes you’ve saved, visit the My Favorites section of your account. Zillow Group is dedicated to ensuring digital accessibility for individuals with disabilities. We are repeatedly working to improve the accessibility of our net expertise for everybody, and we welcome suggestions and accommodation requests. If you want to report a difficulty or search an lodging, please tell us.
To really appreciate your new hometown’s place in historical past, discover an apartment close to Albuquerque’s historic Old Town district, the place many homes are on the National Register of Historic Places. There’s stay weekend entertainment throughout the summer in Old Town Plaza, and a few of the city’s best buying too. Albuquerque was established in 1706 as a Spanish colonial outpost, with a village constructed up around a central plaza .
The self-proclaimed “outdoor enthusiast’s paradise,” Albuquerque boasts 300-plus days of sunshine every year. Albuquerque can be highly-regarded as a cultural center of the Southwest thanks to museums like the Maxwell Museum of Anthropology, Indian Pueblo Cultural Center and New Mexico Museum of Natural History. Active homebuilders within the area embrace Pulte Homes, Twilight Homes, RayLee Homes, Abrazo Homes, and Tiara Homes contributing their expertise and prime quality customer support to the house new home builders in albuquerque process. Situated on the middle of the New Mexico Technology Corridor, Albuquerque boasts a concentration of high-tech private firms and authorities establishments alongside the Rio Grande. Many know-how fields operate here and account for almost half of the state's economic activity. Other financial drivers embody authorities, agriculture, tourism, manufacturing, and analysis & improvement.
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At Sivage Homes we imagine your home and its location must be an extension of your Lifestyle. All Sivage Communities are strategically situated to grant entry to native facilities and actions, all within close proximity of your home. Whether you're homes for sale in albuquerque new mexico on the lookout for climbing trails, dining, or a fast commute, every community offers a novel advantage for a way our clients stay. See the present MLS listings of homes for sale in Albuquerque.
Look for Albuquerque apartments near top-ranking excessive colleges like La Cueva High, Nex Gen Academy, and Sandia High. The average lease for a studio condo in Albuquerque, NM is $860 per thirty days. When you hire an house in Albuquerque, you'll find a way to count on to pay as little as $860 or as much as $1,886, depending on the situation and the scale of the condo. For extra adventurous outings, large homes for sale in albuquerque nm nature preserves sit simply exterior town limits. Albuquerque borders the Sandia Mountains to the east, with the Manzano vary and Valles Caldera National protect close by offering infinite opportunities to discover New Mexico’s rugged and beautiful pure landscape. Just like the town itself, Albuquerque’s delicacies is a medley of tons of of years of Mexican, European, and Native American influences.
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Best Television Advertising Agency in Noida
Srishtisutra Advertising is one of the Best Television Advertising Agency in Noida. In today's globe, television has the largest viewership. Any commercial that airs on television has a significantly higher impact than any other kind of media. Hundreds of channels broadcasting 24 hours a day, seven days a week have captivated the interest of varied audiences for viewership of the entertainment variety that is offered on them. Any business that wants to expand should engage a marketing firm to undertake the time-consuming tasks of marketing, branding, and raising awareness. Srishtisutra Advertising is one of the Best Television Advertising Agency in Noida and has equipment, knowledge, experience, and resources, which enable them to handle your company's advertising campaign better. A list of the benefits of choosing us may be made, highlighting a variety of factors including cost, knowledge, time, effort, experience, and many more. Hiring Srishtisutra to handle the difficult process of setting up a successful campaign would undoubtedly save money. Publishers, radio, television, and a newspaper agency regularly provide discounts to agencies on a variety of items, which lowers the cost compared to if the company had meant to handle the assignment on their own. You get quality through the Srishtisuta since we have a full staff of professionals at your disposal and a wealth of expertise in executing the campaign to a very high level that will greatly benefit your business. To ensure the success of your advertising campaign, we have writers, artists, designers, developers, and essential PR resources available.TVs are available in all public spaces and broadcast shows for people of all ages.
A TV slot is a brief period of time, usually a few seconds, during which adverts are shown. The popularity of the show will determine how well-rated the spots are. An advertisement that airs at these times with high ratings guarantees that the product in the commercial will receive the most views. To present product information, TV ads may be created with a duration of a few seconds to a minute. In recent years, ads have become more sophisticated than they were in the past when they had to be longer and more descriptive. TV commercials today talk a lot in a short amount of time and effectively communicate the product's message. Since several TV channels cater to certain audiences, such as sports, entertainment, news, kids, and knowledge-oriented viewers, it gives every business the chance to promote its ad for the intended audience through the specialised channel and programme. Even more so than before, TV is now interactive with viewers via SMS, presents, awards, and merchandise, all of which are sponsored by companies looking to market their goods. Even direct sales of goods through telemarketing and teleshopping are being done on television. There are hundreds of modern firms accessible to meet all company demands when developing a successful marketing plan, of which TV commercials play a key role. In a TV advertisement, a comprehensive package showing a company's profile and products may be available.Day in and day out, Srishtisutra Advertising is one of the Best Television Advertising Agency in Noida which works with its group to implement the ideal strategy for expanding your business through advertising. We as an agency conduct analysis on a variety of issues that come up as a result of their previous expertise in managing the campaign at various levels and demands. We use cutting-edge tools to do thoughtful analysis from hundreds of angles and provide the finest campaign possible.
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Global Prefabricated Building Systems Industry Valued at USD 18.5 Billion by 2032
The Prefabricated Building System Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Prefabricated Building System market. Encompassing the research's scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Prefabricated Building System. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.
The Prefabricated Building System Market is poised for remarkable growth during the forecast period, fueled by a surge in corporate offices and special economic zones, increasing government support, and the rapid pace of industrialization. These factors are expected to drive a substantial increase in sales for prefabricated building systems. As businesses and economies seek efficient and cost-effective construction solutions, the demand for prefabricated buildings is set to witness a significant upswing.
With a CAGR of 6.1% from 2022 to 2032, the global prefabricated building system market is expected to generate lucrative growth opportunities. By 2032, it is expected that the global market will be valued at US$ 18.5 billion. The market’s expansion is attributed to the building and construction sector’s explosive global growth.
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The building and construction industry uses prefabricated building systems, which are modular structures or assemblies of different parts and components. These systems are frequently created and put together in factories before being transported to the construction site, where they are installed or used to create structures. These systems are made from a variety of materials, including metal, timber,concrete, plastics, glass, etc.
Prefabricated building systems are relatively inexpensive and usually take less time in building any required structure on account of their easy installation process. They can be altered according to the needs and significantly helps to save space at building sites.
Report Highlights
From setting up industrial facilities to building homes and other commercial spaces, prefabricated building systems are drastically becoming a new trend in the global building and construction industry. The introduction of these prefabricated systems has effectively solved the time and cost constraints of the construction industry. In addition to this, benefits offered by skeleton prefabricated building systems such as low weight and volume, cost-effectiveness, and high strength will further augment their adoption.
The accelerated growth of the building and construction industry is attributed to rapid industrialization and urbanization. Furthermore, increasing investments by the government in developing public infrastructure and the global economic boom, is the major force behind the swift expansion of the prefabricated building system market.
Growing awareness among people regarding the effects of construction waste on the environment is encouraging the adoption of the green building concept. This will create lucrative growth avenues within the prefabricated building system market in the future. Prefabricated building systems generate less waste at the building sites, which makes them ideal choices for greener construction.
Recent Developments
Prefabrication building has rapidly become an ideal sustainable alternative approach for the construction industry. It is gradually becoming a new trend for the construction of residential and non-residential buildings due to its various attractive benefits including less construction time, cost savings, and lower emissions.
The majority of people in developed and developing regions are showcasing a keen interest in building their houses by using prefabricated structures like a skeleton and panel systems. Adoption of these systems not only helps them to save time and costs but also reduces CO2 emissions and construction waste.
The surging number of corporate offices or special economic zones, increasing government support, and rapid industrialization are anticipated to push the sales of prefabricated building systems during the forecast period.
Despite gaining thorough recognition worldwide, there are several factors that are becoming impediments to the growth of the prefabricated building system market. One such factor is the higher transportation costs. technical issues associated with prefabrication such as weak joints and poor thermal insulation performance are also limiting the growth of the prefabricated building system market.
Competitive Landscape
Top companies operating in the prefabricated building system market are focusing on developing light and robust structures that can withstand severe weather conditions and generate minimum wastage at construction sites. They are receiving significant support from the government across attractive regions of Asia and Africa.
Some of the major participants present in the global prefabricated building system market include Algeco Scotsman, Modern Prefab Systems Pvt. Ltd., Ritz-Craft Corporation, Inc., Lindal Cedar Homes, Inc., and Champion Home Builders, Inc. among others.
More Insights into the Prefabricated Building System Market
The Asia Pacific region is expected to dominate the global prefabricated building system market over the valuation period. The growth of the region is attributed to the substantial rise in the demand for modular houses across the Asia Pacific countries like China and South Korea and India. This is providing a strong thrust to the growth of the prefabricated building system market.
North American region is anticipated to emerge as a lucrative market over the valuation period. Rising preference for modular building, rapid industrialization, urbanization increasing government investments, and the presence of leading market players in countries like the United States are some of the factors driving the North American prefabricated building system market.
Key Segments Profiled in the Prefabricated building system Industry Survey
By Dimensions:
Skeleton system
Panel System
Cellular System
Combined System
By Application:
Residential
Commercial
Industrial
By Weight:
Light Weight (less than 2 tons)
Heavy Weight (more than 2 tons)
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Real Estate Data Analytics Company in Gurgaon Driving Smarter Investment Decisions
Gurgaon, one of the fastest-growing urban centers in India, has become a hotspot for real estate development. With its rapid urbanization, modern infrastructure, and increasing demand for residential and commercial spaces, the market here is evolving at an unprecedented pace. As such, the role of real estate data analytics has become increasingly important for developers, investors, and even homebuyers who want to stay ahead of market trends and make smarter investment decisions.
The Power of Data in Real Estate
In a city like Gurgaon, where real estate transactions and property valuations fluctuate due to various factors such as infrastructure development, economic growth, and government regulations, data analytics can be a game-changer. A real estate data analytics company in Gurgaon uses advanced technologies such as big data, machine learning, and artificial intelligence to gather, analyze, and present valuable insights on market trends, property prices, rental yields, and much more.
Real estate data analytics companies in Gurgaon help their clients by offering in-depth insights into:
Property Valuation: By analyzing historical and current data, companies can help investors and developers determine accurate property values, enabling better purchasing and selling decisions.
Investment Opportunities: These companies identify high-growth areas and emerging neighborhoods that have the potential for higher returns. With their guidance, investors can choose properties with the best long-term potential.
Market Trends: Real-time data helps track shifting market trends, including demand-supply imbalances, pricing dynamics, and changing buyer preferences.
Risk Mitigation: By predicting future market trends and providing comprehensive risk assessments, these companies assist stakeholders in avoiding underperforming investments.
Why Gurgaon Needs Real Estate Data Analytics
Gurgaon, with its sprawling commercial hubs like Cyber Hub and the rise of tech parks, has seen a surge in both residential and commercial real estate projects. The city’s connectivity to Delhi, coupled with new infrastructure projects like the Dwarka Expressway and metro extensions, further increases the complexity of the market. This environment calls for sophisticated tools that can analyze and predict changes in property values, demand, and supply.
A real estate data analytics company in Gurgaon can help clients make data-driven decisions, guiding them through the complexities of this dynamic market. By examining parameters such as proximity to commercial centers, transport accessibility, and future infrastructure projects, these companies provide accurate forecasts, which can significantly impact investment strategies.
How Real Estate Data Analytics Companies Are Making a Difference
Companies like Realty Digi, based in Gurgaon, are revolutionizing the way property businesses approach market analysis. These firms employ a combination of data science and real estate expertise to offer customized solutions to their clients, whether they are developers looking to target the right demographic or investors seeking optimal returns.
Realty Digi, for instance, focuses on:
Predictive Market Analysis: Using past and current market trends to forecast future real estate movements.
Buyer Behavior Insights: Analyzing consumer preferences and behaviors to help developers design projects that align with market demand.
Location-based Analytics: Providing location intelligence that helps identify high-potential investment areas.
Property Performance Metrics: Offering clients data on expected rental yields, occupancy rates, and market volatility.
These insights allow businesses to minimize risks and maximize returns, making data analytics a must-have for anyone involved in Gurgaon’s real estate sector.
The Future of Real Estate in Gurgaon
As the Gurgaon real estate market continues to expand, the role of data analytics will only grow in importance. With ongoing developments in AI and machine learning, future predictions will become even more accurate, allowing for real-time analysis of market fluctuations. As more developers, investors, and property owners begin to see the value in data-driven decisions, the need for real estate data analytics companies in Gurgaon will continue to rise.
For anyone looking to thrive in the competitive Gurgaon real estate market, partnering with a real estate data analytics company is no longer just an option—it’s a necessity. With the right insights, investors can identify lucrative opportunities, and developers can design properties that meet the evolving demands of buyers.
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Interior Design Services in Chennai - Designavenue Interiors
Design Avenue Interiors is one of the prominent interior design houses in Chennai that focuses on enhancing living and commercial spaces into wonderful working spaces. They are appreciated for innovative work, close attention to details, and keen focus on the satisfaction of their clients. They offer all-round services, ranging from interior designing to renovation, construction, and landscape designing.
Renovation Projects
Design Avenue Interiors excels with home and office renovation projects; it breathes new life into otherwise outdated spaces. Whether taking a traditional home and redesigning it into a new, contemporary living area, or renovating an office to improve productivity and worker morale, the team brings its creativity and precision to a project. The renovation starts with proper analysis of existing space. The firm's designers work closely with clients so as to understand their vision and requirements for the renovation. This is the best way to make the renovation aesthetically pleasing and highly functional.
The team takes much care to keep the essence of the original structure but adds the modern elements to enhance the space. It ranges from rearranging the layouts to selecting the appropriate materials, furniture, and color schemes all in an effort to create a harmonious and inviting atmosphere. Design Avenue Interiors is experienced in working with budgetary constraints and brings innovative solutions to deliver quality renovations that are cost-effective and visually appealing.
Construction projects
The company also manages construction projects through renovation, either in building a new ground-up house or large-scale commercial work. The experience of dealing with an entire construction project from its concept to the end is executed with full capability under the banner of Design Avenue Interiors. Construction by the firm involves planning, design, and project management that would meet all the necessities of construction quality.
The construction process is a client-centric process that focuses more on collaboration. Clients have a say in every design stage to the final product. Design Avenue Interiors has a network of the most trusted contractors, suppliers, and engineers to see to it that projects are carried out within time, as per budget, and specifically as requested. Their excellence in handling complex projects with utmost precision and professionalism has served them well in the building sector.
Landscape Projects
The most prominent areas that Design Avenue Interiors outshines the others include landscape design. They feel that outdoors is part of the house and, therefore, specialises in the design of gardens, patios, and green spaces to uplift beauty and functionality in any house. Landscape design isn't just about looks but how to make the place integrate with the environment around and fulfill the needs of clients practically.
All of the landscape projects of Design Avenue Interiors are commissioned and custom-designed to cater to the individual discerning tastes of each client. Be it a simple minimalist garden, a lavish tropical oasis, or sophisticated terrace garden, landscape designers on the team work their vision with plants, materials, light, and water features into life. They keep in mind climate, topography, and spatial elements in the designing process to have outdoor spaces both beautiful and sustainable.
Design Avenue Interiors has the detail to complete any landscape design from conceptualization through to installation. Being familiar with outdoor design principles, including functionality, flow, and ambiance, will mean an inviting and harmonious space extension of the home or office.
Conclusion Design Avenue Interiors offers all of your design requirements under one roof for renovations, constructions, and landscaping projects in Chennai. What makes them different in this competitive market for interior designing is their quality innovative designs along with a customer-centric approach. From the renovation of your house to building a new one, from landscaping of your home, they are ready to serve you.
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8 Ways Technology is Transforming the Real Estate Industry
Technology has become a driving force in reshaping industries, and real estate is no exception. The way properties are marketed, sold, and managed has undergone significant changes thanks to advances in tools and platforms. Drawing on years of experience working with cutting-edge solutions in real estate, I’ve seen firsthand how technology is creating efficiencies, improving client experiences, and unlocking new opportunities. Below, I’ll explore eight ways technology is transforming the real estate industry and share actionable insights to help professionals stay ahead of the curve.
1. Virtual Reality (VR) and Augmented Reality (AR) for Property Tours
Virtual and augmented reality have revolutionized how buyers and investors explore properties. What once required an in-person visit can now be done from the comfort of one’s home. VR provides fully immersive property tours, giving clients a detailed view of a property’s layout, dimensions, and aesthetics. AR takes this a step further by overlaying digital information onto real-world spaces, allowing potential buyers to visualize how a property might look with different furniture or renovations.
This shift isn’t just about convenience; it’s about expanding market reach. Sellers can attract international buyers, and developers can pre-sell units before construction is complete by offering virtual walkthroughs. These tools save time for everyone involved while enhancing the decision-making process.
2. Artificial Intelligence (AI) in Market Analysis
AI is becoming a cornerstone of decision-making in real estate. By processing vast amounts of data, AI algorithms can identify trends, forecast market fluctuations, and evaluate property values with incredible precision. This has opened the door for smarter investment strategies, helping buyers and sellers alike make informed choices.
For instance, AI-powered tools can analyze historical sales data, economic conditions, and neighborhood developments to predict property appreciation. These insights are invaluable for investors looking to identify high-growth areas or optimize pricing strategies. Agents, too, benefit from AI by gaining access to predictive analytics that refine how they approach their markets.
3. Blockchain for Secure and Transparent Transactions
Blockchain technology is introducing unparalleled transparency and security to real estate transactions. By using distributed ledgers, blockchain eliminates the need for intermediaries like banks or escrow agents, speeding up transactions and reducing costs. This technology also ensures that all parties involved in a deal have access to tamper-proof records, minimizing fraud risks.
One of the most exciting applications of blockchain is smart contracts. These self-executing contracts automatically enforce the terms of an agreement, reducing delays and disputes. From property transfers to rental agreements, blockchain is making processes more efficient and secure.
4. Internet of Things (IoT) and Smart Homes
Smart home technology, powered by IoT devices, is redefining the value proposition for residential and commercial properties. Buyers increasingly prioritize homes equipped with IoT-enabled systems, such as smart thermostats, lighting, and security cameras, which can be controlled remotely. These features enhance convenience and contribute to energy efficiency and cost savings.
For landlords and property managers, IoT offers operational benefits like real-time monitoring of energy usage, predictive maintenance alerts, and improved tenant communication. Properties with IoT integration are more appealing to tech-savvy buyers and tenants, setting them apart in competitive markets.
5. Big Data for Informed Decision-Making
The rise of big data has transformed how real estate professionals operate. By aggregating and analyzing data from various sources—such as market reports, consumer behavior insights, and demographic studies—agents and investors can make more accurate and strategic decisions.
Big data is particularly useful in identifying emerging markets and trends. For example, it can reveal neighborhoods with increasing demand for housing due to infrastructure developments or population growth. This foresight helps professionals position themselves to capitalize on opportunities early, providing a competitive edge.
6. Online Marketplaces and Digital Platforms
The days of relying solely on classified ads or in-person agents to find a property are long gone. Online real estate platforms have revolutionized how properties are bought and sold. Websites and apps provide users with access to thousands of listings, complete with high-quality photos, detailed descriptions, and virtual tours.
These platforms also streamline the buying process by integrating tools like mortgage calculators, instant messaging with agents, and even online bidding. Buyers gain greater transparency and control, while sellers benefit from increased visibility. For agents, these platforms are a valuable tool for reaching broader audiences and closing deals faster.
7. 3D Printing in Construction
While still in its early stages, 3D printing is making waves in the construction side of real estate. This technology allows for the rapid and cost-effective creation of building components, or even entire structures, using sustainable materials. It’s particularly promising for addressing housing shortages or creating affordable housing solutions.
Beyond cost savings, 3D printing enables architects and developers to experiment with innovative designs that would be difficult or expensive to achieve through traditional methods. As the technology matures, we can expect it to play an even bigger role in shaping the future of real estate development.
8. AI-Powered Customer Service
AI isn’t just helping with market analysis—it’s also enhancing the customer experience. Virtual assistants and chatbots are now commonplace on real estate websites, handling inquiries, scheduling property viewings, and providing tailored recommendations. This level of automation ensures clients receive timely responses, even outside regular business hours.
By automating routine tasks, real estate professionals can focus on more complex responsibilities, such as negotiating deals or developing personalized strategies for their clients. AI tools are proving to be a win-win for agents and clients alike, streamlining workflows while improving service quality.
Key Technological Advancements in Real Estate
Virtual tours with VR and AR enhance property viewing.
AI powers market analysis and automates customer service.
Blockchain secures transactions and reduces fraud.
Smart homes use IoT for convenience and efficiency.
Big data informs decisions, and 3D printing aids construction.
In Conclusion
Technology is transforming real estate by streamlining operations, enhancing customer experiences, and creating new opportunities for growth. Adopting innovations like AI, VR, blockchain, and smart homes enables professionals to stay competitive and better serve clients. Those who embrace these advancements will lead the way in shaping the future of the industry.
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Understanding the Real Estate Development Process: A Comprehensive Guide
Real estate development is a multifaceted process that requires careful planning, strategic investment, and a deep understanding of market dynamics. From initial land acquisition to project completion, the process involves numerous stages, each with its own set of challenges and rewards. Whether you are an aspiring developer, an investor, or simply interested in how cities evolve, understanding the real estate development process is critical to navigating this complex industry.
In this guide, we break down the critical phases of real estate development, providing insight into each step and what it entails.
Conceptualization and Feasibility Studies
The real estate development process begins long before construction starts. The first step is conceptualizing the project and conducting feasibility studies to determine its viability. During this phase, developers evaluate the proposed development's location, market demand, and financial potential.
The initial concept typically arises from identifying a piece of land or an existing structure that could be transformed into something valuable. However, the developer needs to ask critical questions at this stage: What type of property is most needed in the area—residential, commercial, or mixed-use? Is there a demand for new housing or retail space? What is the neighborhood's long-term growth potential? Is the project financially feasible?
Feasibility studies often involve market research, demographic analysis, and financial modeling to ensure that the project can succeed. This stage also includes determining the costs associated with land acquisition, construction, financing, and operating expenses, and it sets the foundation for securing funding.
Land Acquisition and Due Diligence
Once the feasibility study confirms the project's viability, the next step is land acquisition. Developers must identify a suitable piece of property and begin negotiations with the landowner or seller. This step can be lengthy, as developers must carefully evaluate the legal and environmental factors that could impact the development.
Due diligence is critical at this stage. Developers must investigate the property's title history, zoning regulations, environmental conditions, and access to utilities. Any potential issues—such as environmental contamination, flood risks, or restrictive zoning laws—must be identified and addressed before moving forward.
Additionally, developers must verify that the land can support the intended type of development. For instance, zoning laws may need to be adjusted to allow for higher-density housing or commercial use, and the property may need to be regraded or cleared to ensure it is suitable for construction.
Design and Permitting
Once the land is secured, the next phase involves working with architects, urban planners, and engineers to design the project. This stage includes creating blueprints for the building(s) and planning for the surrounding infrastructure, such as roads, parking, and utilities. The goal is to create a design that maximizes the value of the property while also ensuring it is functional, aesthetically appealing, and aligned with community needs.
Design is an iterative process, with constant feedback loops between the development team, architects, and stakeholders. Throughout this phase, developers also need to navigate the permitting process. Before construction can begin, they must obtain various permits from local authorities. These may include zoning permits, building permits, environmental permits, and occupancy permits. Depending on the scale of the project, the permitting process can take several months or even years.
A crucial aspect of this phase is community engagement. Developers must often meet with residents and community groups to ensure the project aligns with the neighborhood's interests and to address concerns about potential impacts, such as increased traffic or changes to the area's character. Community support can significantly affect a project's success, so effective communication and collaboration with stakeholders are vital.
Construction and Project Management
Once the permits are in place, construction can begin. This phase is often the most visible and time-consuming part of the development process. The developer hires contractors, sub-contractors, and construction managers to carry out the work, with a focus on staying on schedule and within budget.
Effective project management is essential during construction to ensure that deadlines are met, quality standards are maintained, and costs are controlled. The project manager oversees all aspects of construction, from procurement and coordination to quality control and safety. They also handle any unforeseen challenges, such as supply chain delays, labor shortages, or adverse weather conditions.
Construction projects also involve continuous inspections to ensure compliance with building codes and safety regulations. This phase culminates with a final inspection, and once everything is in place, the property is ready for occupancy or sale.
Marketing, Leasing, and Property Management
After construction is complete, developers must shift their focus to marketing the property and, if applicable, leasing or selling it. This stage involves creating a solid brand identity for the development, highlighting its unique features, and targeting the right demographic. For residential properties, this may include staging model units and hosting open houses, while for commercial properties, it may require building relationships with potential tenants or buyers.
If the development is for long-term rental, property management becomes an ongoing concern. Effective property management ensures that tenants have a positive experience, rent is collected on time, and any maintenance or repair issues are addressed promptly. Property managers also work to ensure that the building remains well-maintained and that the value of the development is preserved over time.
Marketing strategies for real estate developments often include digital advertising, public relations campaigns, and partnerships with real estate agents. The goal is to attract tenants or buyers who will appreciate the value the development brings to the community and ensure the financial success of the project.
The real estate development process is a long and detailed journey that involves numerous stages, each with its own set of challenges and rewards. From the initial conceptualization and feasibility studies to the final stages of marketing and property management, each step is crucial to ensuring the success of a development project.
As cities grow and evolve, real estate developers play a pivotal role in shaping the built environment. They help meet the needs of expanding populations, revitalize underdeveloped areas, and contribute to the overall economic health of a region. Understanding the real estate development process is essential for anyone interested in how urban landscapes transform over time. With careful planning and thoughtful execution, developers can leave a lasting legacy in the communities they serve.
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Top 5 Methods for Commercial Property Valuation
Understanding the true value of a commercial property is essential for investors, landlords, and developers. Accurate commercial property valuation ensures that all parties involved in buying, selling, or leasing property can make informed decisions. Whether you are assessing office space, industrial units, or retail properties, choosing the right method of valuation is key. In this article, we will explore the top five methods for commercial property valuation and how they are applied in today’s real estate market.
1. Income Capitalisation Method
One of the most widely used methods for commercial property valuation is the income capitalisation method. This approach is particularly useful for properties that generate rental income, such as office buildings, retail units, or industrial spaces. The value of the property is calculated based on the expected rental income it can produce, adjusted for operating costs, and capitalised at an appropriate rate of return.
For example, when valuing a commercial property for sale in Essex, the rental valuation services provided by commercial property valuation experts will consider factors like location, property condition, and market rental rates. The resulting income stream is then discounted back to the present value, providing an estimate of the property’s worth.
Data Insight: According to the Royal Institution of Chartered Surveyors (RICS), the income capitalisation method is the most common approach used for office space and industrial property valuations in Essex, where rental yields typically range between 5% and 8%.
Key Benefits:
Directly reflects the property’s income-producing potential.
Ideal for properties with stable and predictable rental income.
Can be used for properties with long-term leases or stable tenants.
2. Market Comparison Method
The market comparison method is another widely used technique for commercial property valuation. This method involves comparing the subject property with similar properties that have recently been sold or leased in the same location. Market trends, such as upward-only rent reviews, and property characteristics such as size, location, and condition are carefully examined to determine a fair market value.
In Essex, property investment advisory services can provide in-depth Essex property market analysis to help determine what similar properties are worth, based on recent sales or lease agreements. This is especially useful for buyers and sellers looking to understand market dynamics and for landlords needing to assess the value of their holdings for rent review negotiations.
Data Insight: The Essex property market has seen steady growth, with office and retail properties seeing an average 3% increase in value year-on-year, based on market comparison analysis.
Key Benefits:
Easy to apply for properties in active markets with plenty of comparable sales or leases.
Provides a realistic market-based valuation that takes into account local demand and supply.
Useful for valuing both owner-occupied and investment properties.
3. Cost Approach (Reproduction Method)
The cost approach, also known as the reproduction method, is often used for properties that are newly constructed or have unique features. This method calculates the cost of replacing or reproducing the building and improvements, minus depreciation, to estimate the property's value. It is particularly effective when valuing development land or properties with bespoke or specialised construction.
In practice, development appraisals and residual appraisals are conducted to determine the land value and the cost of any potential development or renovation. For properties with historical or specialised features, such as healthcare and education buildings, this method can help assess whether the investment in restoration or conversion is financially viable.
Data Insight: According to property valuation reports in 2023, new-build commercial properties in Essex have seen an average 6% increase in value due to the cost approach method's accuracy in estimating construction costs and improvements.
Key Benefits:
Ideal for new builds or properties with no clear comparable market sales.
Provides an understanding of the costs involved in rebuilding or restoring a property.
Helpful in determining the value of properties in niche markets, like healthcare or education buildings.
4. Discounted Cash Flow (DCF) Method
The discounted cash flow (DCF) method is a sophisticated valuation approach that calculates the present value of future cash flows expected from a commercial property. This method is widely used by investors and property developers when assessing commercial property for sale Essex or in the context of long-term investment.
The DCF method takes into account future rental income, capital expenditure, operating costs, and potential sale price at the end of the holding period. This valuation technique is ideal for properties with fluctuating or uncertain income streams, such as those with variable lease terms or multiple tenants.
Data Insight: According to a report by Savills, the use of the discounted cash flow method in valuing large commercial properties, including office and retail space, has gained popularity due to its ability to factor in future risks and rewards. In 2023, DCF was used in over 40% of commercial property valuations for investment purposes.
Key Benefits:
Provides a detailed and forward-looking valuation.
Useful for properties with variable income or multiple tenants.
Allows for detailed financial forecasting and risk assessment.
5. RICS Red Book Valuations
RICS Red Book valuations are the gold standard for commercial property valuation, providing internationally recognised guidance for valuing properties. These valuations are conducted by certified professionals who adhere to the RICS Red Book standards, ensuring consistency, transparency, and accuracy.
This method is often used in high-value or complex valuations, such as SIPP property valuations, probate valuation specialists, and loan security valuation services. Red Book valuations offer the most authoritative and comprehensive insight into a property’s worth, particularly when dealing with regulatory requirements or high-profile transactions.
Data Insight: As per the 2023 RICS valuation guidelines, properties valued under the RICS Red Book framework have shown greater accuracy, with less than 5% variation from actual sale prices in most cases.
Key Benefits:
Highest level of professional standards and accuracy.
Trusted by banks, investors, and other financial institutions.
Essential for regulatory and compliance-related valuations, including tax and inheritance purposes.
Conclusion
Each of the methods for commercial property valuation offers unique benefits and is suited for different types of properties and transactions. Whether you are conducting property valuations in Essex, seeking a development appraisal, or looking for asset valuation specialists, choosing the right method is essential for ensuring that you get an accurate and reliable property assessment.
In 2024, commercial property valuation continues to be a vital part of the commercial real estate sector. From market comparison methods to RICS Red Book Valuations, these approaches provide key insights that can help investors and property owners make sound decisions. Always consult commercial property valuation experts to ensure you choose the best method for your specific needs.
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