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How Data Is Changing the Way Offices Are Run

How Data Is Changing the Way Offices Are Run
Building owners are using data collection and artificial intelligence to help control systems like heating, lighting, air quality and even the flow of workers.
A security camera with machine-learning abilities at a co-working space at 717 Texas Avenue in Houston. Credit.Michael Stravato for The New York Times
By Patrick Sisson
April 27, 2021, 9:00 a.m. ET
Developers are harnessing a growing obsession with data to improve office buildings in ways that could cut costs and streamline operations, saving owners millions of dollars annually.
The field, known as property technology, or proptech, has become a booming sector in commercial real estate as property managers seek to use data collection and artificial intelligence to help control systems like heating, lighting, air quality and even the flow of workers. ....

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Builder Skanska sells $669 million majority stake in U.S project

By Reuters Staff
1 Min Read
FILE PHOTO: Swedish builder Skanska sign is seen at the building site on Brompton Road in London, Britain November 7, 2018. Picture taken November 7, 2018. REUTERS/Anna Ringstrom/File Photo
STOCKHOLM (Reuters) - Swedish builder Skanska is selling a 95% stake in office property 2+U in Seattle, Washington, to South Korea’s Hana Alternative Asset Management and Hana Financial Group for about $669 million.
Skanska, the Nordic region’s largest builder and one of the biggest in the United States, said the transaction for the 65,000 sq metre office tower in Seattle’s central business district would be recorded in the fourth quarter by Skanska USA Commercial Development. ....

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