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From office parks to apartments. A new study fromRentCafeshows that 45,000 conversions for 2023 are underway across the country.Its known as adaptive reuse. With work-from-home remaining a popular option after the pandemic, office conversions are anticipated to lead the way in the future, according to the study.The 45,000 units represent 37% of the new 122,000 projected apartments. Hotel conversions account for 23% of future projects and factory conversions come in at 14%.Already, more than 11,000 of the 45,000 upcoming apart stanley flasche ments are under construction.New York is predicted to ride the office adaptive reuse wave in the coming years, with 2,609 apartments expected to be created through conversion. Chicago and Cleveland are expected to convert 2,500 and 1,847 units, respectively. Dallas and Houston round up the top five with around 1,500 apartments each in former office stanley mug buildings.Some buildings can be redeveloped at current market d stanley flask emand and some can t, said Kent Gardner, retired chief economist at theCenter for Governmental Research.With work-from-home trends continuing, commercial real estate in the United States will see a slow recovery and office values are unlikely to regain their peaks even by 2040, according to an economist withCapital Economics.SEE MORE: Median home prices dropped in June. Is the market shifting The reduction in office demand due to remote work will cause a hit to net operating incomes on a par with, or worse than, that experienced by malls over the l Vnvk Former post office employee accused of destroying immigration documents since 2017
In a scene reminiscent to what played out in Minneapolis on Memorial Day, Oklahoma City Police released video of a May 2019 incident of a man dying while in police custody.Body worn camera video was released to the public this week.The video shows as officers attempted to place him in handcuffs, Derrick Scott told officers multiple times I cant breathe, a line that George Floyd used moments before he died in Minneapolis. One of the officers responded to Scott, I dont care. Th stanley water bottle e video shows officers struggling to place Scott in handcuffs.Unlike in the Floyd incident, the only video available from last Mays incident was from body camera footage.The May 2019 incident began on a call of a black stanley becher man carrying a gun. After police arrived, officers talked to Scott. The body cam footage then showed officers chasing a fleeing Scott.Officers caught up to him and tackled Scott. Two officers straddled Scott until a third officer arrived and told Scott to stop resisting.It took all three officers to bring Scott into custody. An officer continued to hold a knee against Scotts leg.Scott then didnt say anything for four minutes, which prompted officers to call for EMTs. Scott died an hour later. An official autopsy stated that Scott had a collapsed lung at the time of his death, but did not give the manner for his death.The offic stanley canada ers were cleared of wrongdoing. |
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