Covid-19 has led to a boom in the commercial lab real estate market

If you work at Twitter (TWTR), you might be able to work from home “forever.” You also have a pretty good chance of sitting in your home office permanently if you work for Facebook (FB) where CEO Mark Zuckerberg has said he expects half the social network’s staff to be remote within the next five to 10 years

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But, if you’re working in a lab developing a Covid vaccine, you’re still going into the office. 

“You can’t do life sciences from a remote location. You can’t do experimenting in your kitchen or your living room like many people can in the office world, “ Adam Sichol Managing Partner at Longfellow Real Estate Partners told Yahoo Finance.

While many tech companies have been right-sizing their real estate needs during the coronavirus pandemic — take Pinterest (PINS) which paid nearly $90 million to get out of a San Francisco lease — real estate firm CBRE reported last fall that total commercial laboratory space has grown by 12{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} in 2020 to 95 million square feet. Another 11 million square feet is currently under construction.

“We’ve seen a rise in demand for life science

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Divvy Homes raises $110 million in round led by Tiger Global

  • Divvy Homes, a rent-to-own startup, raised a $110 million Series C equity round.
  • The round was led by hedge fund titan Tiger Global Management.
  • CEO Adena Hefets said demand for single-family properties has led more buyers to seek alternative paths to homeownership.
  • Visit Business Insider’s homepage for more stories.

Rent-to-own startup Divvy Homes announced that it has raised a $110 million Series C equity round. 

The round was led by hedge fund-turned-venture-capital-investment firm Tiger Global Management, with participation from GGV Capital, Moore Specialty Credit, JAWS Ventures, and existing investors. When added to significant prior fundraising, (including from Lennar, one of the largest homebuilders in the country), it brings total equity and debt funds raised to more than $500 million.

Divvy Homes purchases homes on behalf of their customers, who then rent them back from Divvy for three years. During that period of time, one-quarter of their monthly rents goes towards an equity stake in the home. After three years, renters can choose to purchase the homes outright from the company — at a predetermined price and with down payments reduced by a portion of the rent paid — or they can move out and get back the equity they put

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Historic Memphis space yields unique design opportunity using LED luminaires

Memphis architectural design firm LRK worked with A-Light luminaires to enhance the natural light coming into the new Orion Federal Credit Union headquarters in a historic building that incorporates the original industrial-looking concrete and exposed ductwork alongside modern aesthetics and layered lighting. (Photo credits: Images by McGinn Photography for A-Light.)

Memphis architectural design firm LRK worked with A-Light luminaires to enhance the natural light coming into the new Orion Federal Credit Union headquarters in a historic building that incorporates the original industrial-looking concrete and exposed ductwork alongside modern aesthetics and layered lighting. (Photo credits: Images by McGinn Photography for A-Light.)

A-Light, an Acuity Brand, has announced a solid-state lighting (SSL) project in Memphis, TN where a unique historic building afforded lighting designers the chance to focus their efforts on aesthetics given abundant natural light that floods the space. Much of the artificial lighting is focused on grazing walls and wall art and adding to the ambient layer, with task lighting only directly located over interior work spaces. Orion Federal Credit Union moved its headquarters into what once was the home of a famous bread baker and rehabilitated the natural concrete surfaces, minimally changing the internal space.

Architect LRK spearheaded the interior design with engineering assistance from HNA Engineering. Orion had chosen the office because of its location in the iconic building in a historic neighborhood undergoing a reinvention through commercial and residential growth. The credit union grasped the opportunity to be an anchor in the neighborhood.

The building had what

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