Parking Lot Premiums: Denver Developers Pay Record Amounts for Surface Lots

(COSTAR) Rising demand for commercial real estate and a scarce supply of available land is driving surface parking lots in downtown Denver to sell at record prices as developers seek projects that won’t be restricted by existing buildings. In some cases, investors eager to develop ground-up apartments to capture growing interest from renters are paying […]

Will self-driving cars kill parking?

(TECHCRUNCH) Some people have postulated that autonomous ridesharing cars will never need to park and cities of the future will not need street parking, parking lots or parking garages. But parking is far from dead. In fact, the $100 billion market may be poised to grow. We’ve heard from parking startup founders that many Silicon Valley investors have rejected parking […]

With $24 million parking lot deal, Goldenberg Group mulls Market East development

(PHILLY.COM)  A co-owner of the massive parking lot at Eight and Market streets in Center City has a deal to buy an adjacent parcel from the city’s parking authority, with possible plans for a hotel, offices, and shopping at the consolidated property. The Philadelphia Parking Authority voted Tuesday to sell the 30,100-square-foot lot on the northwest corner […]

East Village parking lot will become retail, office, apartment building

(DES MOINES REGISTER) A Des Moines development firm will turn a parking lot across the street from Zombie Burger into a five-story building with retail and office spaces and 105 apartments. Nelson Development hopes to open the $24.3 million project in 2020 on the northeast corner of East Grand Avenue and East Fourth Street in Des Moines’ East Village. […]

Chipmaker Nvidia is suspending its self-driving testing after Uber’s fatal crash

(RECODE) The fallout from the fatal crash involving an autonomous Uber vehicle continues. Nvidia, which supplies chips for Uber’s self-driving cars, said it’s temporarily suspending all of its self-driving tests on public roads to learn more about last week’s crash in Arizona, a company spokesperson told Recode. “The accident was tragic,” Nvidia spokesperson Fazel Adabi said in a statement. […]