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    Commercial Lighting Market 2021-2026 Booming Growth Analysis and Future Prospects | Deco Lighting, Syska, Toshiba Corporation – KSU | The Sentinel… - January 20, 2021 by Mr HomeBuilder

    Latest added Commercial Lighting Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study areDeco Lighting, Inc., Syska, Toshiba Corporation, Zumtobel Group Ag. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

    This report studies the Commercial Lighting Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Commercial Lighting Market by companies, region, type and end-use industry.

    Request for Sample Copy of This Report @https://marketdigits.com/commercial-lighting-market/sample

    Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on Commercial Lighting Market by Product Type (LED, CFL, LFL, HID, Halogens, others) By End User (Residential, Commercial, Outdoor) and Geography Global Forecast To 2026. Early buyers will get 10% customization on study.

    To Avail deep insights of Commercial Lighting Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

    Unlock new opportunities in Commercial Lighting Market; the latest release fromMarketDigitshighlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

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    The report on Commercial Lighting market covers exhaustive analysis on:-

    Thecommercial lighting marketis projected to reach USD 21.8 billion by 2025 from USD 8.2 billion in 2020; it is expected to grow at a CAGR of 21.5% during the forecast period. The most significant factors driving the growth of this market are the ongoing and upcoming smart city projects in the developing countries, growing focus of governments worldwide on energy consumption, increasing acceptance of standard protocols for lighting control systems, escalating demand for LED lights and luminaires for use in outdoor applications, and surging use of integrated lighting control systems. Rapid transition from traditional lighting to connected lighting solutions and increased adoption of PoE-based and solar lighting system are major opportunities for the commercial lighting market.

    Impact of COVID-19 on Commercial lighting Market:

    The outbreak of COVID-19 has significantly impacted the lighting industry owing to the lockdown across many countries and disruptions in the supply chain. Thus, most of the lighting OEMs and integrators are witnessing a shortage of electronic components such as chips and LED drivers. This has created an imbalance, resulting in a demand-supply gap and an increase in the prices of lighting products. For instance, Signify has announced a temporary price hike on all LED and lamp electronics as the costs in its logistics chain is on the rise due to the pandemic. Disruption in the supply chain would create an imbalance in the demand-supply equation and create pressure across entities in the smart lighting ecosystem.

    Market Dynamics:

    Driver: Ongoing and upcoming smart city projects in developing countries

    Presently, there are several ongoing smart city projects across the world that offer opportunities to technology companies, technology service providers, utility providers, and consulting companies. The efficient use of electricity is one of the primary goals of smart city infrastructures. Smart cities are considered as the driving factor for sustainable economic growth in a country. Energy efficiency, the sustainability of resources, and advancements in digital technologies have led to the rise of the smart cities concept. The smart lighting application is expected to play a significant role in achieving sustainability and energy savings.

    Restraint: High initial costs

    The initial cost of smart lightings, as well as the cost of integration and installation services, is high. Smart lightings comprise hardware components such as dimmers, switches, sensors, control systems, and software. Hence, the installation cost of smart lighting is higher than that of conventional lightings. This is primarily due to the requirement for highly expensive software, control systems, and LED light sources for smart lighting solutions. This hampers the adoption of smart lighting control systems.

    Opportunity: Rapid transition from traditional lighting to connected lighting solutions

    In recent years, there has been a rapid shift from conventional lighting systems to connected lighting systems due to various advantages offered by connected lighting solutions, such as increased energy efficiency, improved ambiance at the workplace, and cost savings in the long run. Connected lighting devices are well known for their energy efficiency. These devices consume less power and have a long life, thereby reducing maintenance and replacement costs. Most of the connected lighting solutions consist of wireless sensors and switches that provide flexibility in lighting control operations, whereas conventional lighting solutions do not have these features. The introduction of wireless lighting controls has boosted the market for retrofit lighting systems, which, in turn, has increased the demand for lighting control systems. Wireless lighting control solutions have not only reduced the use of wires but also helped avoid reconstruction of existing buildings.

    Challenge: Interoperability issues between different network components

    At present, the biggest concern in the lighting control ecosystem is the availability of solutions with multiple interoperable technologies. End-users need to choose a suitable lighting control solution from a wider range of available solutions but, the lack of uniform standards makes it challenging to integrate the available solutions. The incompatibility of various components and the lack of interoperability create problems for end-users. Traditional lighting control systems usually consist of hardware and software manufactured by the same manufacturer, whereas different manufacturers develop controls in connected lighting solutions. This creates interoperability issues, causing problems for communication between various network components of a lighting system. Hence, there is a need to establish standard protocols to develop compatible products. Several organizations such as the Connected Lighting Alliance (TCLA) and the ZigBee Alliance are trying to standardize the protocols used in connected lighting technology so that luminaires could be used to collect and share data for analytics purposes.

    Based on end-use application, the indoor segment held the largest share of the commercial lighting market in 2019.

    The market for indoor smart lighting is expected to hold the larger share, owing to the high demand in commercial space. In these applications, smart lighting is an essential element in creating a modern workspace that attracts customers with changing preferences. It continues helping owners to create a flexible working environment, reduce expenses, improve work efficiencies, and create quality lighting that enhances the occupant experience. Hence, the adoption of smart lighting in commercial spaces is gaining more traction and has a high opportunity in the near future due to smart city initiatives by governments across the world.

    Key Market Players

    Signify (Philips Lighting) (Netherlands); Legrand S.A. (France); Acuity Brands, Inc. (US); GE Current, a Daintree Company (US); OSRAM Licht AG (Germany); Leviton Manufacturing Company, Inc. (US); Lutron Electronics (US); Hubbell Incorporated (US); LEDVANCE GmbH (Germany); Schneider Electric SE (France); Ideal Industries, Inc. (Cree Lighting) (US); and Zumtobel Group (Austria) are a few major players in the commercial lighting market.

    Recent Developments

    Commercial Lighting Market definition, market segmentation, key developments in the market, competitive analysis & research methodology are the major topics in which this Commercial Lighting Market research report is divided. This market research provides clients with the information on their business scenario with which they can build business strategies to thrive in the market. The report covers all the market shares and approaches of the major competitors or the key players in the market. Each of the topics covered in the Commercial Lighting Market analysis report is studied very well to get clear idea about all the factors that are influencing the market growth.

    Table Of Content: Global Commercial Lighting Market

    Part 01: Executive Summary

    Part 02: Scope Of The Report

    Part 03: Global Commercial Lighting Market Landscape

    Part 04: Global Commercial Lighting Market Sizing

    Part 05: Global Commercial Lighting Market Segmentation By Product

    Part 06: Five Forces Analysis

    Part 07: Customer Landscape

    Part 08: Geographic Landscape

    Part 09: Decision Framework

    Part 10: Drivers And Challenges

    Part 11: Market Trends

    Part 12: Vendor Landscape

    Part 13: Vendor Analysis

    And More

    Any Questions? Inquire Here Before Buying @https://marketdigits.com/commercial-lighting-market/analyst

    About Market Digits :

    MarketDigitsis one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We atMarketDigitsbelieve that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

    We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

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    Commercial Lighting Market 2021-2026 Booming Growth Analysis and Future Prospects | Deco Lighting, Syska, Toshiba Corporation - KSU | The Sentinel...

    Panzura Expands Leadership With Six Key Hires to Intensify Growth Initiatives – PR Web - January 20, 2021 by Mr HomeBuilder

    The appointments reflect Panzuras continued focus on putting customers first, simplifying channel partner programs, strengthening financial growth, and driving greater employee engagement.

    CAMPBELL, Calif. (PRWEB) January 19, 2021

    Coming off the strongest year in the companys history, Panzura has announced six additions to its leadership team. Joining the company are Judy Kopa, James Seay, Joseph Hopkins, Thomas Arlington, Jim Choumas and Pablo Schneider, each of whom will bolster core initiatives. The appointments reflect Panzuras continued focus on putting customers first, simplifying channel partner programs, strengthening financial growth, and driving greater employee engagement.

    This team was attracted to Panzura in part due to the burgeoning market opportunities for the company. Hybrid-cloud data management providers are becoming even more critical to digital transformation in the enterprise. Rooted in a perspective of customer service earned over more than two decades, I am excited about what we are doing at Panzura to enhance the experience of our customers and add real value to their business, said Panzuras new chief services officer James Seay.

    According to a recent report by research firm DCIG, as software-defined storage (SDS) continues to accelerate enterprise adoption for data storage management, organizations are concurrently adopting hybrid cloud. The hybrid cloud market is expected to grow 20 percent incrementally by $67.62 billion through 2024. The SDS market, simultaneously trending at a compound growth rate of 27 percent, is forecast to reach $42.79 billion in the same period.

    We couldnt be more proud of the diversity and world-class expertise represented by our team, said Jill Stelfox, CEO at Panzura. Together, these senior leaders bring tremendous advantage to our customers, and as true trailblazers in their fields, they offer finely honed strategic and technical acumen that will help us play the game at the highest level.

    As Panzuras new chief financial officer, drawing on her strong record with large enterprises, Judy Kopa will drive plans to help scale the company as it continues on a trajectory of significant growth. Managing on-prem and cloud solutions is complex, and Seays remarkable expertise in enterprise-class cloud deployments will provide incalculable benefits to Panzura customers.

    Panzuras legacy of bringing together great people to build great products has been a tremendous asset and differentiator in the market. The creative way in which weve supported our people through the pandemic attracted me to the company, said Joseph Hopkins, who assumes the new role of chief people officer.

    An enthusiastic people-focused thought leader, Hopkins will align Panzuras people strategy to ensure business continuity and resilience. He will lead all aspects of people operations, including culture, employee engagement, talent acquisition, total rewards, organization development, diversity, equity and inclusion as Panzura is poised to double its staff this year. More than 70 people have joined the company in the last 6 months.

    Panzuras senior management team has also been expanded to include two new vice presidents and a director. Exponentially large and complex hybrid cloud deployments require commensurate technical advances. Thomas Arlington, Panzuras new Director, Solutions Architects, is focused on pre-sale technology design, and provides critical direction on the creation, documentation and development of solutions to meet the needs of specific customers and industry use cases.

    Following outstanding progress and expansion in channel relationships last year, Jim Choumas has been brought on board as Vice President, Commercial Sales. He has more than 20 years of experience building sales and channel organizations for both startups and Fortune 100 companies. Moreover, as Panzuras Vice President of Business & Corporate Development, Pablo Schneider is responsible for creating strategic business partnerships and driving new revenue sources in support of sales targets and marketing goals.

    Judy KopaChief Financial OfficerJudy Kopa brings a wealth of financial leadership and business strategy experience to Panzura. Previously, she was CFO at Gigster where she contributed to the companys expansion from Services to a SaaS platform model for freelance and remote workforces. She also served as CFO for Ciscos AppDynamics business unit as well as advising and supporting the CDO to drive software and subscription strategy and monetization, and as Vice President, Global Financial Planning and Analysis for SAPs SuccessFactors cloud division.

    James SeayChief Services OfficerJames Seay was general manager at DXC Technologies where he focused on vision and strategic planning to maintain existing customers and pursue new business opportunities for the energy industry in North America. He has served in leadership roles around sales, service delivery, channel development, and customer engagement for technology industry titans including Arrow Electronics, Diebold Nixdorf, Hewlett Packard Enterprise, Siemens and Alcatel-Lucent.

    Joseph HopkinsChief People OfficerJoseph Hopkins, a thought leader in human capital management, has crafted and led a variety of initiatives that create positive employee experiences across the technology, aerospace, healthcare and energy industries. He is recognized as a subject matter expert in championing, delivering and executing HR solutions that align to business demands and growth. Most recently, he led HR programs for DXC Technology, as well as serving as a key HR thought partner for BD and Boeing.

    Thomas ArlingtonDirector, Solutions ArchitectsWith more than 15 years experience in the technology industry, Tom Arlington comes to Panzura with deep solution architecture experience in building robust strategies and techniques to manage petabytes of data and billions of files across any cloud configuration. He previously directed solutions architect for Igneous, driving exceptional public cloud services through design and development of igneouss first SaaS customers, as well as in key channel technical and engineering leadership positions with Qumulo and EMCs Isilon Storage Division.

    Jim ChoumasVice President, Commercial SalesJim Choumas is an industry veteran with more than 20 years of experience in data services and modern data management. Prior to joining Panzura, he served as Vice President of Sales at Igneous. Choumas previously built Qumulos channel partner program and ecosystem as the Director of Channels for North America, and held progressively complex enterprise sales leadership and business development roles at NetApp, Fusion-io (now Sandisk), Nimbus Data, and SGI.

    Pablo SchneiderVice President, Business & Corporate DevelopmentPablo Schneider brings a broad range of international business expertise to Panzura. His work has focused on helping companies grow through business development and innovation programs that advance market leadership and customer affinity. Schneiders long-time affiliations in business, media, leadership, and education include The Wider Net, APCH, Renaissance Dinners, MBN USA and WE USA, NACD, HITEC, Prospanica, Ascend, Thunderbird, Texas Lyceum, LEAD San Diego, San Diego State University, and Grossmont College.

    About PanzuraPanzura is the fabric that transforms cloud storage into a global file system, allowing enterprises to use the cloud as a high performance, globally available data center. Companies all around the world in the sports, healthcare, financial services, media and entertainment, gaming, and architectural, engineering and construction industries, as well as government agencies use Panzuras fabric to manage hundreds of petabytes of data in the cloud. Visit panzura.com for more information.

    # # #

    Panzura is a trademark or registered trademark of Panzura LLC in the United States and/or other countries. All other trademarks, registered trademarks and/or logos are property of their respective owners.

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    Panzura Expands Leadership With Six Key Hires to Intensify Growth Initiatives - PR Web

    KBS Completes an $11 Million Renovation to an Iconic 31-Story Office Tower in Downtown Denver, Colorado – Business Wire - January 20, 2021 by Mr HomeBuilder

    DENVER--(BUSINESS WIRE)--KBS, one of the largest investors in premier commercial real estate in the nation, announced that it has completed a series of renovations to Granite Tower, a 31-story Class A office building in Downtown Denver, Colorado. Granite Tower is owned by KBS REIT II.

    The improvements serve to activate the buildings street-level space to invite interaction with Downtown Denvers local community, in addition to providing a full slate of new indoor/outdoor amenities to enhance tenants experience at the property in preparation for a post-pandemic environment, according to Giovanni (Gio) Cordoves, Western regional president for KBS.

    Our goal with the renovations to Granite Tower was to deliver office space that serves the needs of todays top tenants, says Cordoves. The renovations we have completed at this iconic property enhance its appearance and functionality while increasing its value significantly in a vital and thriving central business district.

    As Denvers downtown core has boomed, companies have come to expect high-end amenities in their office space in order to attract and retain top talent for the long haul, according to Tim Helgeson, asset manager for Granite Tower and senior vice president for KBS.

    New class-A commercial offerings like Granite Tower are redefining amenity norms and luring long-term tenants from aging assets, says Helgeson. KBS was astute enough to find the right time to implement the recent upgrades to this highly visible and desirable property and redefine its image in the eyes of office users, Denver residents and visitors. The renovations give both tenants and pedestrians in this market even more reason to return to the building time and again once the pandemic is behind us.

    To complete the renovations to Granite Tower, KBS tapped architecture, engineering, planning and interiors firm DLR Group and architectural firm Alan Colussy Architecture, LLC to align the property competitively with nearby comparable assets, according to Jessie Johnson, architect and principal with DLR Group. The upgrades included:

    After these improvements, what was formerly dark and dated at Granite Towers street level is now a new, modernized experience that is light, bright, and expansively streamlined, says Johnson. The building is now open and welcoming to pedestrians, visitors and tenants as well as visually pleasing from the interior and exterior.

    The perception of this property has fundamentally changed with the recent renovations, according to Alan Colussy, principal member of Alan Colussy Architecture, LLC.

    We delivered an expansion in the lobby, creating a lantern effect so that during the daytime it captures light and at night time it takes on an internal illumination that allows it to glow and come alive, says Colussy. The new amenities afford the building a clean, crisp and contemporary look that supports the propertys updated functionality. The changes also truly resonate with tenants, who increasingly bike to work and can now enter the building securely and go up to the new fitness room to shower without having to use the main entrance.

    Colussy adds that he enjoyed working with KBS on the project. The company is so knowledgeable about market trends. We were dealing with very educated project managers who knew what they were doing. Its refreshing to work with that skill set. KBS also recognized the opportunity for us to do these renovations while many of its tenants were working remotely due to COVID-19, which enabled us to complete the project more quickly and efficiently than it would have in a typical year.

    Originally built in 1984 as part of a four-tower block and formerly known as Stellar Plaza and Plaza Tower, Granite Tower today covers two city blocks and features 593,527 square feet of office space. The LEED Gold-certified property, which contains a 774-space, three-level parking structure with 615 spaces dedicated to its office tenants, is located a couple of minutes walk from the Ritz Carlton, in the center of Downtown Denver development, at the gateway to Denvers Lower Downtown Historic District (LoDo), and with close proximity to Coors Field and the redeveloped Union Station.

    Engineering services for the renovations were completed by Columbine Engineering for MEP and Martin Martin for structural and civil services.

    Granite Tower is located at 1099 18th Street in Denver, Colorado.

    Click here for renovated photos of Granite Tower.

    About KBS

    KBS is one of the largest owners of premier commercial real estate in the nation. As a private equity real estate company and an SEC-registered investment adviser, KBS and its affiliated companies have completed transactional activity of more than $42 billion on behalf of private and institutional investors globally. Founded in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates prime commercial real estate in some of the most successful epicenters in the country. The firm is committed in its business ethics, its business relationships and its constant focus on exceeding the expectations of its investors, partners and tenants. Registration as an investment adviser does not imply any particular level of skill or training. For more information on KBS, please visit http://www.kbs.com.

    This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended including statements relating to KBS ability to invest in and manage a diverse portfolio, and the performance of Granite Tower and of the Denver real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS and/or Granite Towers actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

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    KBS Completes an $11 Million Renovation to an Iconic 31-Story Office Tower in Downtown Denver, Colorado - Business Wire

    Resilient year for East Midlands architect with expansion plans for 2021 – East Midlands Business Link - December 18, 2020 by Mr HomeBuilder

    Lincolnshire-based architectural practicePolkeyCollins is celebrating a strong year in business, despite the uncertainty that the COVID-19 pandemic presented the construction industry earlier this year.

    Specialising in commercial architectural services, across multiple sectors including retail, office, science and education, PolkeyCollins has reported an increase in turnover in 2020 compared with 2019, following a successful first year of the firms ambitious five-year business plan.

    The company, which was founded by Clive Polkey and Daniel Collins, made multiple hires throughout the year including architectural and administrative staff, who have helped to propel the companys growth strategy forward, and has now prompted a decision to move to new, larger offices in 2021.

    As well as strengthening the team, PolkeyCollins has also made significant investments in its BIM (Building Information Modelling) capabilities, which includes the introduction of upgraded software and training for the team.

    Director Clive Polkey said: This year has been a challenging time for everyone and we are grateful for the support we have had from our clients, partners and team members, who have pulled together throughout the year.

    By specialising in understanding the client and applying design rigour across multiple sectors, we have seen positive responses and attitudes to the way we work. Our ethos has always been about creating a progressive architectural practice that delivers cost effective, detailed designs that are viable from concept to completion. This is something we strongly believe in and has proven to be even more important this year.

    We are lucky to count some the UK best known brands and leading educational organisations as clients and along with new business, we have seen the number of enquiries for our services and live projects grow. This is reflected in our turnover increase and is testament to our teams skill and hard work.

    Fellow director Daniel Collins added: The challenges of this year have helped us to focus on supporting our team and meeting and surpassing the needs and expectations of our valued clients.

    We are proud of our achievements as a business over the last twelve months despite the uncertainty and we have remained focused on our business plan. We are now seeing the positive results of that strategy, with a clear direction for the company over the next few years.

    Our team are everything; they have worked together through difficult times with their positive, energetic and productive approach and it has made a huge difference in the work we have been able to achieve this year.

    Go here to read the rest:
    Resilient year for East Midlands architect with expansion plans for 2021 - East Midlands Business Link

    Courts Are Deciding Some Conservation Easement Cases In Favor Of Taxpayers – At Least In Part. Is It Time To Rethink Settlement? – Forbes - December 18, 2020 by Mr HomeBuilder

    A string of taxpayer victories in Conservation Easement cases has many taxpayers who have sponsored or invested in these transactions re-thinking whether settling pending tax court litigation is a good idea, after all.The Eleventh Circuits decision in Pine Mountain Preserve, LLLP v. Commissioner, coupled with recent Tax Court decisions in Kissling v. Commissioner and Rajagopalan v. Commissioner have the conservation easement community feeling confident about litigation prospects.But taxpayers who want to litigate these cases should not look at their prospects through rose colored glasses.The IRS could not be more clear: it intends to litigate and fight against these transactions with every resource available.

    The IRS is aggresively pursuing taxpayers who participate in conservation easements. (Photo By Bill ... [+] Clark/CQ-Roll Call, Inc via Getty Images)

    I have and do advise anyone who is considering entering into a syndicated conservation easement transaction today: do not even think about it.The litigation costs let alone the time and energy of a battle with the IRS simply cannot be understated.As a tax controversy and tax litigation attorney, I represent clients who have involvement with conservation easements.Because of that, while Ive had no involvement with any of the cases discussed in this article, my assessment cant possibly be completely impartial.It is because of that representation, however, that no matter how much I think a particular conservation easement case has a very good chance of being decided in favor of the taxpayer, I know that such a victory may be Pyrrhic at best.Anyone considering whether to settle or fight in a conservation easement case should carefully consider the financial and emotional cost of litigation when evaluating a possible settlement.As Ive said before, fighting the IRS can take an emotional and physical toll on a person.

    A Public-Private Partnership to Conserve Land

    As I explained in an earlier article, a conservation easement is a collaborative effort between the federal government and landowners to protect land from development and conserve it for future generations. The landowner enters into a voluntary and binding legal agreement encumbering property that she owns, restricting its use exclusively for specified conservation purposes. The agreement must run with the property and in favor of a qualified donee organizationa governmental unit or a publicly supported non-profit organization with a commitment to protect the donations conservation purposes. These purposes can include preserving land for outdoor recreation, preserving the natural habitat of wildlife and plants, preserving open space for scenic enjoyment, and preserving the faade of historic structures. In return, the federal government, through the tax code, grants the landowner a tax deduction in the amount of the diminution in her propertys value resulting from the restriction placed on it. The National Conservation Easement Database has documented about 32.7 million acres nationwide preserved to date by almost 200,000 distinct conservation easements. According to one study, the Treasury lost about $600 million a year between 2003 and 2008 on account of these donation deductions claimed by individuals.

    Congress first enacted a tax deduction for charitable contributions of conservation easements as a temporary provision in 1976, and then made that deduction permanent in 1980. When enacting the permanent deduction provision, Congress specified two separate perpetuity requirements, the so-called perpetual-grant and perpetual-protection requirements. Specifically, Congress provided that the restriction constituting the easement should be granted in perpetuity, and the conservation purpose sought to be achieved by that grant should be protected in perpetuity. As I explain below, after years of inactivity, the IRS abruptly and without explanation began wielding both these perpetuity requirements as cudgels in an effort to deprive taxpayers of any tax benefits from their charitable contributions of conservation easements.

    During the intervening time, there was apparent consensus on what the perpetuity requirements entailed. In particular, the Senate Finance Committee report accompanying the 1980 legislation explained the perpetual-protection requirement thus: By requiring that the conservation purpose be protected in perpetuity, the committee intends that the perpetual restrictions must be enforceable by the donee organization (and successors in interest) against all other parties in interest (including successors in interest).

    An implementing Treasury regulation finalized in 1986 states that any interest in the property retained by the donor . . . must be subject to legally enforceable restrictions. . . that will prevent uses of the retained interest inconsistent with the conservation purposes of the donation. Harmonizing that regulation with the 1980 Senate Finance Committee Report, it is clear that it is the donee organization that is envisaged as preventing inconsistent uses. Therefore, the regulation quoted above would more faithfully track congressional intent if it were read as follows: that any interest retained by the donor must be subject to legally enforceable restrictions that will enable the donee organization to prevent uses of the retained interest inconsistent with the conservation purposes of the donation. And that is exactly how that regulation implementing the perpetual-protection requirement has been understood by taxpayers and those advising them, at least initially with apparent tacit consent of the IRS.

    The IRS Strained Reading of the Perpetuity Requirements

    But after almost two decades, during which both the statutory and regulatory schemes remained largely unchanged, the IRS seemed to precipitately indicate a ramp-up in audit and litigation activity, issuing Notice 2004-41. Issued without an opportunity for public participation through notice-and-comment procedures that generally precede promulgation of regulations, this notice cautioned taxpayers engaging in conservation easement transactions of the Services intention to disallow improper deductions and impose penalties in appropriate cases. The notice focused on valuation of conservation easements, reminding taxpayers that availability of a deduction required that the easement be substantiated in accordance with regulations prescribed by the Secretary, and highlighting the constraint that the amount of the deduction may not exceed the fair market value of the ...contributed easement...reduced by the fair market value of any consideration received by the taxpayer. Other than a passing reference to the perpetual-grant requirement, the notice was silent on the two perpetuity requirements.

    The other shoe dropped with Notice 2017-10, again issued without notice-and-comment procedures, in which the Service identified conservation easements granted through partnerships or other pass-thru entities, so-called syndicated easement transactions, as listed transactions and notified taxpayers that the IRS intends to challenge the purported tax benefits from this transaction based on overvaluation of the conservation easement. Like Notice 2004-41, Notice 2017-10 only briefly mentioned the perpetual-grant requirement and made no reference to the perpetual-protection requirement.Unlike Notice 2004-41, however, Notice 2017-10 imposes draconian and burdensome reporting requirements, as well as strict and heavy penalties for the failure to comply with those requirements.

    Belying its proclaimed intention in both notices to train its enforcement guns on the valuation of conservation easements, however, the IRS has been engaged ever since in an exercise in revisionist history, rearticulating the two perpetuity requirements in a manner that would trip up almost any grant of a conservation easement. Instead of challenging the taxpayers claimed valuation of a conservation easement, the Service has typically been hunting through the grant instrument, looking for provisions that it argues run afoul of its strained reading of one or both perpetuity requirements. The upshot? The IRS disallows the entire charitable contribution deduction on the grounds that the taxpayer failed to comply with the threshold prerequisites for a valid conservation easement.

    For example, the IRS points to the amendment clause typically found in most easement deeds, contending that such a clause opens the door to the parties amending the easement in ways violative of the perpetual-protection requirement, notwithstanding language in the clause precluding amendments inconsistent with the conservation purpose of the grant. In effect, then, the Service seems to be arguing that the donee organization is not to be trusted in the exercise of its contractual consent power.

    That argument flies in the face of congressional intent to charge the donee organization, as holder of the easement, with enforcement of the perpetual-protection requirement. It has also been consistently rejected by the Tax Court and every Court of Appeals to have considered it. In rejecting it, the reviewing courts have refrained from delving into the legislative history of the perpetual-protection requirement. They have, however, found a donee organizations tax-exempt status adequate reason for respecting that organizations discretion.

    Observing that [a]ny donee might fail to enforce a conservation easement, the D.C. Circuit has pointed out that a tax-exempt organization would do so at its peril. Simmons v. Commissioner, 646 F.3d 6, 10 (D.C. Cir. 2011), aff'g T.C. Memo. 2009-20. The Sixth Circuit, too, rebuffed a similar IRS challenge, focusing on the absence of any evidence suggesting that the donee organization is unwilling or unable to monitor and enforce compliance so as to maintain the stated conservation purpose in perpetuity.

    The IRS Tumbles Down Pine Mountain

    Undeterred, the IRS has pressed ahead, seeking to strike down the grant of a conservation easement for allegedly violating not just the perpetual-protection but also the perpetual-grant requirement. It tasted partial success with the latter argument in the Tax Court in Pine Mountain Preserve LLLP v. Commissioner, 151 T.C. 247 (2018), a case involving three separate easements granted in 2005, 2006, and 2007, respectively, over some 6,224 acres of land in Shelby County, Alabama, about 20 miles south-east of Birmingham.

    The Tax Court allowed a deduction for the 2007 easement covering a specific, identifiable piece of real property, rejecting the Services contention that a general amendment clause in the easement deed could enable the parties to amend the easement in ways that might violate the perpetual-grant requirement, e.g., by reducing the size of the . . . [c]onservation [a]rea or by permitting residential construction within it. Drawing inspiration from the rationale expressed by the D.C. Circuit in Simmons v. Commissioner, in denying an IRS challenge to the perpetual-protection requirement, the Tax Court extended that rationale to the perpetual-grant requirement. Finding it hard to imagine how the donee organization could conscientiously find such amendments to be consistent with the conservation purposes set forth in the easement, the Tax Court noted that the IRS argument would apparently prevent the donor of any easement from qualifying for a charitable contribution deduction, as long as the easement permitted amendments, a result it deemed untenable. Consequently, the Tax Court concluded that the amendment clause in the 2007 easement deed did not violate either the perpetual-grant or the perpetual-protection requirement.

    Nevertheless, with only a single dissenting vote, the Tax Court in that case sustained disallowing deductions for the remaining two easements at issue, those granted in 2005 and 2006, because the property owner retained certain development rights over the conservation area.

    Invoking a Swiss-cheese metaphor, the Tax Court majority imagine[d] the entire easement-related area as a large slice of Emmenthaler cheese. The majority worried about the property owner making new holes in this cheese. The holes represent the zones reserved for commercial or residential development. The majority reasoned that the property owner could put new holes in the cheese and make up for it by adding an equal amount of previously unprotected land to the conservation area. Alternatively, argued the majority, he could put new holes in the cheese and make up for it by plugging the same number of holes elsewhere in the conservation area. Claiming that the statute thus bars the developer from putting any new holes in the cheese, the Tax Court majority concluded that the 2005 and 2006 easements did not restrict a specific, identifiable piece of real property, and therefore, violated the perpetual-grant requirement.

    On appeal, the Eleventh Circuit reversed the Tax Courts holdings with respect to the 2005 and 2006 easements, eschewing the Swiss-cheese metaphor and declaring that the better cheese analogy is to Pepper Jack. The Court of Appeals explained that the reserved rights don't introduce holes into the conservation-easement slice, because the entire slice remains subject to a restrictioni.e., the conservation easement. Therefore, concluded the court, the reserved rights are embedded pepper flakes, and, so long as they don't alter the actual boundaries of the easement, the perpetual-grant requirement is satisfied.

    Making clear that its opinion wasnt giving the Pine Mountains of the world a free pass, the Eleventh Circuit pointed out that even after passing through the granted-in-perpetuity gateway, a conservation easement must still satisfy ... [the] protected-in-perpetuity requirement. To make that determination for the 2005 and 2006 easements, the Eleventh Circuit remanded the case back to the Tax Court. Even as it did so, the Court of Appeals remarked that the donee organization, the North American Land Trust (NALT), has extensive advance-approval rights under these easement contracts. NALT is a sophisticated land-conservation organization, and we have little doubt that when it comes to negotiating conservation easements, it is well positioned and equipped to look after conservation interests.

    In doing so, the Eleventh Circuit appeared to be echoing the sentiments of an amicus brief filed by Land Trust Alliance, Inc. in the case, arguing that when deciding whether an easement has been granted in perpetuity, a court should presume as a matter of law that easement holders will faithfully comply with their obligations under the conservation easement and under Code 501(c)(3), which provision governs nonprofit organizations in general.

    By entrusting the donee organizing to police the dual perpetuity requirements, the Eleventh Circuits Pine Mountain opinion thus forces the IRS not only to read those requirements consistent with legislative intent but also to live up to its own word in the two notices the agency has issued in this area, Notice 2004-41 and Notice 2017-10, and litigate the merits of the value of a conservation easement claimed by a taxpayer instead of trying to ensnare him with novel theories that would seek to deny the obvious fact of his having granted a valid conservation easement in the first instance.

    The Battle of Experts

    A couple of Tax Court cases that followed right after the Eleventh Circuit decided Pine Mountain signaled why the IRS may have been so keen to fight this battle so far away from the promised battleground of valuations: On both occasions, the Service came up second-best in the valuation race.

    The value of a conservation easement is its fair market value (FMV) at the time of the contribution, with Treasury regulations defining FMV as the price at which the property would change hands between a willing buyer and a willing seller. These regulations prefer using sale records of properties with easements comparable to the contributed easement at issue, provided a substantial record of such sales exists. That, however, is seldom the case. Recognizing that, the same regulation provision allows looking to the difference between the FMV of the property encumbered by the easement before and after the grant of the easement, the so-called before-and-after test. For purposes of this test, the regulations provide considering not only the propertys current use, but also the propertys highest and best use both before and after the easement grant. In computing before and after values for the test, courts generally use the comparable-sales and income methods. Regardless of the method used, the before-and-after test usually boils down to a duel between the IRS and taxpayers economic experts, each side marshaling assumptions and projections about the larger economy and the specific piece of property at issue to answer an imponderable: what might the property have been worth had it been put to its highest and best useboth with and without the easement on it.

    In both the post-Pine Mountain cases I examine here, the IRS drew attention to provisions in the respective easement deeds to argue that the perpetual-grant requirement had been violated. And in each case, the Tax Court put a stop to those arguments by pointing to its own Pine Mountain opinion regarding the 2007 easement at issue in that case. Once we decided in Pine Mountain that the power of parties to amend a deed of easement did not ipso facto render all donations of such easements nondeductible, this case became one of the apparently rare instances in which the only dispute is about the proper value of an easement, the Tax Court wrote in the first of these cases, Kissling v. Commissioner . Similarly, in the second case, Rajagopalan v. Commissioner, the Tax Court, while acknowledging the presence of an amendment clause that allows the parties to modify certain restrictions in the deed of easement, nonetheless rejected the IRS argument that this deprives the easement of the required perpetuity, stating that the court expressly rejected this argument in its Pine Mountain opinion.

    The duel of the experts then ensued in each case. Kissling involved faade easements on three commercial buildings in Buffalo, New York, contributed to the National Architectural Trust in 2004 by individual taxpayers through a partnership. The IRS fielded a solitary valuation expert against three for the taxpayer. The court expressed some serious concerns about the IRS experts methodology. Cherry-picking its way among the several components of the before-and-after test based on the reports of the different experts, the court determined that the correct total value of the easements was only slightly lower than what the individual taxpayers had claimed on their returns; $ 672,512 rather than $770,310, for a total difference of $97,798, a difference too small to attract any accuracy-related penalties.

    The second case, Rajagopalan, turned out to be an even bigger rout for the IRS. At issue was an easement on almost 90 acres of land in Haywood County, North Carolina, granted to NALT in November 2006, at what turned out to be very nearly the frothiest point on a local real-estate bubble that was even bubblier than it was in most parts of the nation. Once again, the easement had been granted through a partnership. Each side fielded a single expert. The IRS expert determined a before value of $1,280,000 and an after value of $560,000, for an FMV for the conservation easement of $720,000. The taxpayers expert determined a before value of $4,150,000 and an after value of $1,250,000, for an FMV for the conservation easement of $2,900,000. The partnership had claimed on its return an FMV for the easement of $4,879,000, and the individual taxpayers, on whose returns the deduction had flowed through, urged the Tax Court to disregard their own expert and conclude that the FMV of the conservation easement is at least the amount claimed by the partnership.

    The Tax Court acceded and reached that very conclusion, even though it admitted that [t]his is an exceptionally unusual conclusion to reach in a conservation-easement case. But the court felt compelled, given plenty of credible evidence that land prices per acre were booming in the years before the easements creation. Looking at it from within the market bubble that existed at that time, the court found the claimed deduction entirely reasonable. Justifying its decision to settle on a number outside the range provided by the experts who battled it out at trial, the court noted that while the taxpayers expert had relied primarily on transactional data of other properties, the court itself relied on transactional data of the specific property at issue. Of course, the court had to do so, because that transaction was the only transaction before the court.

    A third case in which the Tax Court decided against the IRS expert is Glade Creek Partners, LLC v. Commissioner. In Glade Creek, the Tax Court held that the charitable donation deduction was invalid because the deed making the conservation easement donation improperly subtracted posteasement improvements from the extinguishment proceeds before determining the share to donate to the conservancy receiving the donation. In other words, Tax Court held the deed did not properly allocate extinguishment proceeds as required by the applicable Treasury Regulation. Although the deduction was disallowed, the court still considered expert testimony on the question of value to determine if the IRS penalty proposed applied.

    Glade Creeks attorneys made quick work of the IRS appraiser, who relied on several incorrect and misguided assumptions in rejecting the taxpayers experts conclusion that residential real estate development was the highest and best use of the property (HBU). And even once the court determined that the HBU was in fact residential real estate, the Tax Court disregarded several other portions of the IRSs expert testimony, including his comparable price properties and sales history analysis. Taken together, the court found the IRS appraisers conclusions were so flawed that his testimony was disregarded entirely for determining the before value of the easement. However, the IRS did not accept the taxpayers conclusions whole cloth, either. The taxpayer claimed a deduction of $17.5 million, and the IRS argued that the entire deduction should be disallowed and a 40% penalty applied. While the entire deduction was disallowed due to the issue with the deed discussed above, after considering both the taxpayers expert and discounting the IRSs expert, the Tax Court held that the proper value of the easement deduction was closer to $8.6 million and applied a 20% penalty to that reduced amount.

    Challenging Notice 2017-10

    In my earlier article, I discussed an IRS settlement program for such syndicated easement grants made through partnerships. Pine Mountain, Kissling, and Rajagopalan all seem to indicate that taxpayers with large amounts of claimed contribution deductions at stake who have made good-faith efforts to comply with substantiation and other requirements governing conservation easements may well spurn this offer and litigate their valuation disputes. If any of these taxpayers need stiffening of their resolves, the Supreme Court may soon provide it.

    On December 1, the Court heard oral argument in CIC Services, LLC v. IRS, a case in which the taxpayer is asking the Court to allow a pre-enforcement challenge to an IRS notice impacting captive insurers, a notice issued without notice-and-comment rulemaking and one imposing onerous reporting requirements, huge potential tax penalties, and possible criminal penalties. What does this case have to do with conservative easements? Recall that both of the IRS recent pronouncements on conservation easementsNotice 2004-41 and Notice 2017-10were issued without notice-and-comment rulemaking. And more importantly, analogous to the notice at issue in CIC Services, Notice 2017-10 imposes burdensome reporting requirements on donors making conservation easements through partnerships or other pass-thru entities as well as their material advisors with failure-to-comply penalties of as high as $200,000 for an entity and $100,000 for an individual. Civil and criminal penalty possibilities abound in both captive insurance and conservation easements.During the CIC Services oral argument, a clear majority of the Supreme Court justices seemed inclined to allow the taxpayer to challenge the notice without first paying the penalty. If, as expected, the Court allows a pre-enforcement challenge in CIC Services, a similar pre-enforcement challenge to Notice 2017-10 should get underway almost immediately.Prior to the Supreme Court taking up CIC Services, I argued in Tax Notes that Notice 2017-10 (subscription required) is problematic for these very reasons.

    It has been more than 15 years since the IRS threatened in Notice 2004-41 to crack down on what it characterized as abusive transactions involving exaggerated valuations of conservation easements. But instead of a front-on challenge to these valuations, the Service seems to have been engaged in two-pronged asymmetric warfare. First, it has largely confined its litigation strategy to taking sniper shots at the easement grants themselves, claiming that they violate one or both perpetuity requirements. And second, through Notice 2017-10, it has sought to strong-arm participants in syndicated conservation easement transactions to settle. But the Eleventh Circuits Pine Mountain opinion appears to have stymied the first prong. And a taxpayer-friendly result in CIC Services may well defang Notice 2017-10. If so, the IRS may soon run out of cover and be forced to litigate the merits of conservation easement valuations, a development that good-faith donors of such easements should welcome.

    It Seems Like Taxpayers are Winning Whats the Downside of Participating in a Conservation Easement?

    Yes, some taxpayers are winning, and there have been some key taxpayer victories lately.But there are a few things about these victories that investors should keep in mind.The process of battling the IRS takes a lot of time, a lot of money, and a lot of nerve.

    Time: For those taxpayers who are encouraged by the Pine Mountain win in the Eleventh Circuit, consider this: the tax years at issue in that case are 2006, 2006, and 2007.You read that right.It has been over ten years since the tax returns at issue were filed, and the case is not over yet.It is heading back to Tax Court.

    Money: The IRS knows right where to look to see if the partnership or LLC fighting the battle has enough capital to fight the good fight the balance sheet.Is this partnership well capitalized or not?If not, then there wont be sufficient funds to fight the IRS at the IRS Exam, IRS Appeals levels, then in Tax Court, if necessary in Appeals Court, and if necessary back in Tax Court.The IRS is taking an aggressive approach and is auditing every single syndicated Conservation Easement Deduction, and likely will issue notices of deficiency for all.Legal fees can easily exceed what partnerships have in reserves, and if so, partners will have to infuse additional capital into the partnership in order to keep fighting the IRS.

    Moreover, even if a partnership does keep up the fight, in light of these recent taxpayer victories, does it mean that all conservation easement cases will be decided in favor of taxpayers?Not even close.It is therefore critical that partners consider that a deduction today may very well turn into a tax bill later, plus interest.The IRS is entitled to interest at 3% above Prime on tax, which is due from the date the tax was due.Looking back to Pine Mountain, if the partners in that entity end up owing tax, they will owe interest since 2005.

    Nerve: Fighting the IRS is no easy task, even with a good lawyer by your side.It is important to consider whether you are the kind of person who can sleep at night knowing that the IRS may literally come knocking on your door.Taxpayers who participate in conservation easements can expect to have the deduction disallowed until they are proven right and this is not an emotional place that many taxpayers are comfortable in.

    Conclusion

    In light of these recent taxpayer wins in Tax Court and at the Eleventh Circuit, those who have a stake in the conservation easement world have good reason to take heart.But as any attorney who has actually tried tax cases will tell you, trials are unpredictable and expensive. Indeed, fighting with the IRS even before getting to trial is expensive and takes a toll on those who are forced to do so.One client of mine put it this way: when the battle with the IRS first began, whenever I went out to the mailbox, my hands would start trembling. Taxpayers who are considering whether or not to settle should be encouraged by the recent hard-won taxpayer victories, but take care not to discount the cost of a trial and appeal, both from a financial and emotional perspective.

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    Courts Are Deciding Some Conservation Easement Cases In Favor Of Taxpayers - At Least In Part. Is It Time To Rethink Settlement? - Forbes

    What is Commercial Architecture? | PionArch, LLC - December 17, 2020 by Mr HomeBuilder

    Commercial architecture is its own field of design, with unique concerns and practices. To give a simple commercial architecture definition, it is architecture focused solely on buildings and spaces thatare usedfor commercial purposes. These include offices, retail outlets, and other facilities where commercial businessis conducted.

    At first glance, the basic processes followed in many types of architecture seem the same. Whether a project is commercial, residential, institutional, etc., it tends to follow the same set of basic steps:

    Thatbeing said, there is still quite adifference in the details and considerations of commercial architecture. These unique aspects are what define commercial architecture as its own category of design.Letsreview them closely.

    Commercial architecture stands apart from other forms by focusing on the clients business needs. The entire designmust be engineeredto accommodate the type of business run within the facility and make the clients business goals easier to reach.

    This is where commercial architects must meet a higher challenge.In residential work, for example, the design must only cater to the needs of a small group of people the occupying household.Butin commercial architecture, the design must satisfy the occupying business, its employees, and all customers(or patients, clients, and any other people the business may serve).

    Commercial architects work to understand the behavior of customers and others who interact with their clients business. This requires a firm graspof the psychology of sales, as well as a familiarity with consumer trends.

    Most importantly, commercial architects investigate how various design choices can influencehow consumers behave, what decisions they make, and how they perceive the clients brand, products, and services.

    Of course, consideration of consumers only makes up a part of commercial designs duties. Architects in this sector must also know how to best approach design for their clients specific facility type and specific business operations. This includes accommodating the particular equipment, merchandise, and storage needs of the clients business.

    For example, a producer of fresh beverages may need their facilitys design to provide large temperature-controlled storage areas. Such a client could also need spacious loading bays that allow delivery vehicles to easily access these storage areas and maintain stable transport conditions.

    Accommodating business operations often requires extra infrastructure as well. Architects working on commercial projects must be ableto strategically incorporateelevators, parking lots, and other features that would rarely be seen in the residential sphere.

    Overall, commercial design must account for the way that the clients business functions on aday to daybasis. It should enable all business activitiesto not only becomfortable, but also as efficient as possible. This is true whether the client is serving customers in a fast-food restaurant, or manufacturing products in a large workshop.

    Commercial architecture requires a sharp business sense with an eye for future developments. Architects in this sector must be able to design a facility that will be suitable for many years to come. They should also spot opportunities to give their clients a competitive edge.

    Successful commercial designs can adapt to market trends and allow for business growth,even as the clients industry evolves and changes. This is why flexibility is a prized feature in commercial architecture, and market research is such a powerful tool.

    At one point or another, every commercialbusiness needs help improving an existing facility or developing a new property. Corporate offices, retail shops, restaurants, and a variety of other businesses can all benefit frompartneringwith a skilled commercial architect.

    If your business needs assistance with designing an ideal commercial property,PionArchcan help. You can leverage our expertise to gain important insights for your project and develop a design that offers maximum value for your company and its stakeholders.Welldeliver strategies backed by industry knowledge, and results that will meet your companys every need.

    From hip cafes to sleek workspaces, our portfolio features a diverse range of standout projects. Our teams extensive experience will ensure that your project enjoysits own great success.

    Ifyoudlike to learn more about our packages and pricing, please read about ourdesign fees.Yourealso welcome to reach out to us for a personal consultation and detailed quote.

    Reveal Your Businesss Potential Get Your Quote.

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    Architect eyes larger office after ‘strong’ year | TheBusinessDesk.com – The Business Desk - December 17, 2020 by Mr HomeBuilder

    Lincolnshire-based architectural practice PolkeyCollins is celebrating a strong year in business, despite the uncertainty that the COVID-19 pandemic presented the construction industry earlier this year.

    Specialising in commercial architectural services, across multiple sectors including retail, office, science and education, PolkeyCollins has reported an increase in turnover in 2020 compared with 2019.

    The company, which was founded by Clive Polkey and Daniel Collins, made multiple hires throughout the year including architectural and administrative staff, who have helped to propel the companys growth strategy forward, and has now prompted a decision to move to new, larger offices in 2021.

    As well as strengthening the team, PolkeyCollins has also made significant investments in its BIM (Building Information Modelling) capabilities, which includes the introduction of upgraded software and training for the team.

    Director Clive Polkey, said: This year has been a challenging time for everyone and we are grateful for the support we have had from our clients, partners and team members, who have pulled together throughout the year.

    By specialising in understanding the client and applying design rigour across multiple sectors, we have seen positive responses and attitudes to the way we work. Our ethos has always been about creating a progressive architectural practice that delivers cost effective, detailed designs that are viable from concept to completion. This is something we strongly believe in and has proven to be even more important this year.

    We are lucky to count some the UK best known brands and leading educational organisations as clients and along with new business, we have seen the number of enquiries for our services and live projects grow. This is reflected in our turnover increase and is testament to our teams skill and hard work.

    Fellow director Daniel Collins, added: The challenges of this year have helped us to focus on supporting our team and meeting and surpassing the needs and expectations of our valued clients.

    We are proud of our achievements as a business over the last twelve months despite the uncertainty and we have remained focused on our business plan. We are now seeing the positive results of that strategy, with a clear direction for the company over the next few years.

    Our team are everything; they have worked together through difficult times with their positive, energetic and productive approach and it has made a huge difference in the work we have been able to achieve this year.

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    Why 2021 is the year you should become an Interior Design major – Study International News - December 17, 2020 by Mr HomeBuilder

    Life as we know it has changed due to the pandemic; masks are mandatory, social distancing is encouraged and sanitisation is life-saving. Our homes have now become a place to work, relax, exercise, attend school and shop its no surprise that interior design trends are seeing a massive change.

    With economies freefalling, the Interior Design industry has dealt with its fair share of impact. However, heres some good news: the global interior design services market to reach four billion, growing at a CAGR of 7.8% between 2020 to 2027. China is forecast to grow at 11.9% CAGR. Japan and Canada are forecasted to grow at 4.2% and 7% respectively. Germany is set to grow approximately 5.1% CAGR.

    More construction in developed economies such as the US is likely to increase the demand for design and architecture services. As the rich get richer, new homes are acquired and existing spaces are constantly renovated. There is a growing trend to customise and personalise the space we live in, from kitchens to bath spaces and more recently, home offices and study rooms.

    Source: Mireya Acierto/Getty Images for Robin Wilson Home/AFP

    People still want big kitchens that open onto a family room but home offices, outdoor spaces, and Zoom rooms (or at least a dedicated space for Zoom meetings and lecturers) are big on wish lists, says interior designer Caitlin Scanlon of Caitlin Scanlon Design.

    For students who enjoy frequent excursions to IKEA and constantly marvel at showroom exhibitions, a degree in Interior Design might just be the next best move. You can learn how to create your own showrooms, the skills to deal with clients and the technical knowledge to create spaces that consider human health, well-being, and safety. With this degree, youll have access to internship opportunities and formal training to progress to earning your license and practice alternatively, you can continue with a masters degree and then a PhD.

    For those planning to join the industry, the average interior designer makes an average of US$50,224, which is one of the highest median wages, compared to professions in other fields.The BA (Hons) Interior Design at University of Arts London has produced graduates that are not only industry ready and qualified, but also think out of the box as they take part in a live project in year two and a large-scale interior project that examines all aspects of an interior environment from conception through to completion in year three.

    Situated in Sydney and Melbourne, Whitehouse Institute of Design offers a Bachelor of Design (Interior Design) programme that focuses on a diverse range of areas including residential, retail, community and commercial office interior design. New York School of Interior Designs Bachelor of Fine Arts in Interior Design offers interesting modules that include kitchen and bath design, furniture design, and an architectural workshop. Thats not all, students must also take an intensive course in either French or Italian heres to a well all-rounded education!

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    Why 2021 is the year you should become an Interior Design major - Study International News

    Architectural Acoustic Panels Market to Hit USD 9,752.8 Million by 2027; Rising Demand for Efficient Soundproofing Solutions from the Hotel Industry… - December 17, 2020 by Mr HomeBuilder

    Pune, India, Dec. 16, 2020 (GLOBE NEWSWIRE) -- The global architectural acoustic panels market size is projected to reach USD 9,752.8 million by 2027, exhibiting a CAGR of 4.1% during the forecast period. Development of acoustic panels made from eco-friendly and recycled organic waste will be a prime growth determinant for this market, states Fortune Business Insights in its report, titled Architectural Acoustic Panels Market Size, Share & COVID-19 Impact Analysis, By Product Type (Metal Acoustic Panels, Plastic Acoustic Panels, Wood Acoustic Panels and Others), By Application (Residential, Commercial and Industrial) and Regional Forecast, 2020-2027. The construction industry predominantly relies on synthetic and inorganic materials such as polystyrene and glass wool for thermal insulation and noise reduction. However, these materials are known to have significant environmental impacts and as a result, acoustic panel manufacturers are showing increasing interest in utilizing biodegradable materials for making soundproofing solutions. For example, Soundproof Cow has engineered the Quiet Batt 30 Soundproofing Insulation, which is made from 80% recycled cotton and is non-toxic as well as itch-free. Similarly, Audimute has developed its green sound absorption solution, the eco-C-tex, which has been produced from recycled cotton and cellulose. With regulatory bodies emphasizing on reducing pollution from buildings, the demand for green architectural acoustic panels is expected to rise in the coming years.

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    According to the report, the global market value stood at USD 7,862.8 million in 2019. The top features of the report include:

    List of theTop Companies Profiled in the Global Architectural Acoustic Panels Market are:

    Restraining Factor

    Subdued Construction Activities amid COVID-19 to Stifle Market Growth

    A major challenge impeding the architectural acoustic panels market growth is the on-going and the steadily intensifying COVID-19 pandemic that has caused unprecedented damage to the global construction industry. A recent survey by the London-based Royal Institute of Chartered Surveyors (RICS) found that construction activity contracted across the globe in the second quarter of 2020. With 25% of projects coming to a standstill and on-site productivity falling by 12%, the escalating costs are anticipated to exert tremendous pressure on the construction industry over the next twelve months.

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    The adoption of architectural acoustic panels will be inevitably affected due to the sudden decline in constructions as these panels are widely utilized for noise control in this industry. Moreover, disrupted investment plans will further hamper the market as acoustic panels are expensive.

    Regional Insights

    Massive Investments in Infrastructure to Propel the Asia Pacific Market

    Asia Pacific is expected to dominate the architectural acoustic panels market share during the forecast period on account of the massive public and private investment in infrastructure development in the region. The region is also witnessing a huge influx of foreign investments in the construction sector, which also favors the growth of the market. In 2019, the Asia Pacific market size stood at USD 3,533.4 million.

    Europe is predicted to hold the second-largest position in the global market as a large number of multinational companies in the region are rapidly adoption architectural acoustic panels to comply with the green building regulations set by the European Union (EU). Robust growth of the construction industry in the US will accelerate the growth of the North America market in the forthcoming years.

    Competitive Landscape

    Apex Players to Implement Aggressive Expansion Strategies

    With the intent to capture a larger market share, key players in this market are aggressively implementing strategies to entrench their position. Chief among these is the launch of sound-absorbing solutions made from sustainable materials as the emphasis on green buildings is rising worldwide. The other strategy adopted by the leading companies is the acquisition of regional players to deepen their presence in regional markets.

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    Have a Look at Related Research Insights:

    Acoustic Panel Market Size, Share & Industry Analysis, By Product type (Wooden Acoustic Panels, Mineral Wool Acoustic Panels, Fabric Acoustic Panels, Polyester Acoustic Panels Others), By Application (Construction, Industrial, Transportation, Other) and regional forecast 2020-2027

    Acoustical Ceiling Market Size, Share & Industry Analysis, By Product type (Mineral fibre, Gypsum, Others), By Application (Non-Residential, Residential, Industrial) and Regional Forecast, 2020-2027

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    Best At The Office Posts of 2020 – Design Milk - December 17, 2020 by Mr HomeBuilder

    10. Arper Outfits the CBRE Groups New Office in AmsterdamThe CBRE Group, the worlds largest commercial real estate services and investment firm, moved into new Amsterdam offices that once housed a car garage. The Dutch branch relied on their own design team to create the modern interior of The Core, which merged original details with new furnishings from Arper.

    9. The noho move chair Is Made From Reclaimed Fishing Nets + CarpetsNew brand noho launched with a new chair thats completely sustainable, as its made from a 100% regenerated and regenerable nylon. Based in Aotearoa, New Zealand, noho collaborated with Aquafil to create an everyday chair collection made out of ECONYL regenerated nylon, a material from upcycled waste plastic, like reclaimed fishing nets and end-of-use carpets. The noho move chair is designed with dynamic comfort which allows the user to sit back and lean forward while the chair moves with you.

    8. Montreals Empty Olympic Tower Revived into Offices for DesjardinsAbandoned since 1987, the Olympic Tower of Montreal was transformed into new offices for Desjardins, one of Quebecs largest financial institutions. Provencher_Roy designed the office interiors which span seven of the buildings 12 floors, equaling 80% of the available rental space. Now labeled the Montreal Tower, the structure was opened up when Provencher_Roy removed a good portion of the prefabricated concrete panels and replaced them with an all-glass curtain wall covering about 60% of the facade.

    7. ROOM Launches New Modular Meeting Rooms for the Modern WorkspaceNew York-based ROOM continued to reimagine the modern workspace with modular architectural solutions that give employees options for privacy. The startup launched a trio of new designs the Meeting Room, Open Meeting Room, and the Focus Room offering private spaces for focused work or collaboration, whether its in-person or virtual.

    6. The Ziggy Table and Stool Easily Adapt to Any Work SituationMany companies have been prioritizing adaptability to keep up with the needs of their ever-evolving workspaces and employees. The Ziggy Table and Ziggy Stool, designed by Brad Ascalon for Hightower, are compact pieces that keep that in mind. The geometric duo are both fun and functional and can easily be moved around as needed for solo work or brought together to collaborate with others.

    5. H-E-B Digital and Favor Set up New Office in Austins 1st Recycling CenterOnce home to Austins first recycling center, this 81,000-square-foot warehouse was renovated by IA Interior Architects to become the new home of H-E-B Digital and Favor Delivery. The massive transformation resulted in an energetic headquarters decked out with local art and materials that give nod to its Texas location.

    4. Nendo Infuses 1s and 0s into Glass Partitions at an Office in TokyoWhen designing the new interior of the IoT Center for a global professional firms Tokyo office, nendo dove into the digital world. In addition to the typical workspaces and conference rooms, the digital hub in Tokyo housesthree galleries and a lounge where new digital technologies are put on display and a multipurpose space for seminars and events. Instead of using typical partitions to divide the spaces, nendo designed transparent glass walls infused with binary code, i.e. the 0s and 1s computers use to write and store data.

    3. Shapeless Studio Brings Geometric Shapes to the New NYC Ahlem Eyewear ShopLA-based Ahlem Eyewear enlisted the help of Shapeless Studio Architecture & Interiors to design their retail space in New York City. The modern eyewear brand, which specializes in design-focused frames handmade in Paris, moved into the flexible 500-square-foot space situated on Elizabeth Street in SoHo a space that can easily morph into a showroom, gallery, or event space. Taking inspiration from the brands unique eyewear, particularly their craftsmanship, geometric forms, and use of sustainable materials, the designers created a space that welcomes visitors with a floating curved wall, custom millwork, and sculptural walnut doors inspired by the work of Isamu Noguchi.

    2. A Warehouse Is Transformed with Shipping Containers into Innovative OfficeWhen the Spectris Innovation Centre Porto was looking to expand, studium transformed an empty warehouse in Maia, Portugal. The basic warehouse with grey walls is now a colorful home to a variety of meeting areas, team spaces, individual work spots for about 60, and select places for leisure time.

    And the most popular At The Office post of 2020 is

    1. See Inside the New Art-Filled Offices of JAY-Zs Roc NationSurrounded by galleries in the Chelsea neighborhood of New York City, the new offices of Roc Nation fit right in with founder and rapper JAY-Zs collection of modern art displayed throughout. Working closely with Roc Nations CEO, Desiree Perez, architect Jeffrey Beers designed a sleek, collaborative environment perfectly complementing the entertainment companys impressive roster of talent and other creative ventures.

    Read the rest here:
    Best At The Office Posts of 2020 - Design Milk

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