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LightBox Monthly CRE Activity Index Reveals Modest May Improvement

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IRVINE, Calif., June 12, 2024 /PRNewswire/ — LightBox, a leading provider of commercial real estate (CRE) information and technology, released its Monthly CRE Activity Index, reflecting a modest rise in May deal activity from the previous month.   

The LightBox Monthly CRE Activity Index provides an aggregate view of the market with information on property listings, due diligence and valuation activity enabling market participants to identify inflection points in CRE activity. The May LightBox CRE Activity Index now stands at 91.1, a slight increase over April’s 89.5 level.

According to the report commentary, the latest improvements in the CRE Activity Index mirror the sentiment of market participants who are experiencing recent boosts in business activity across a broad range of CRE sectors. In the past, market analysts have used public records and Fed Flow of Funds (reported quarterly) to measure CRE velocity. The Lightbox Monthly CRE Activity Index captures data months ahead of public records filings and Federal Reserve data.

Notably, May’s CRE Activity Index was the highest level reached since June 2023, when the market was digesting news of several bank failures. Although the May 2024 Index is slightly below May 2023’s 93.2 reading, the current level is 14% higher than the 12-month moving average of 79.6.

“The latest data is an encouraging sign that the CRE market is emerging from the doldrums that characterized nearly the past two years when the Fed first started raising interest rates. I expect that once lower interest rates arrive, the CRE transactions market could open wide as investors deploy amassed capital,” said Manus Clancy, LightBox head of Data Strategy.

Although reports of distressed asset transactions are largely limited to the troubled downtown office sector, the stronger Index report in May likely reflects a growing impatience by the market to place capital even in the absence of interest rate cuts.

“More and more, CRE professionals appear to have come to grips with higher interest and cap rates. While still nowhere close to the desired pace, sales activity is picking up; transparency is increasing; and buyers and sellers are coalescing around fair value. That even extends to the office space where transaction activity continues to increase—albeit at prices that often mean big losses for sellers,” Clancy said.

The role that expectations play in turning points is critical, and the latest May CRE Activity Index provides data-based evidence that the slow start to 2024 could well be starting to slowly reverse itself.

Read the full report

About LightBox

At LightBox, we are at the forefront of delivering advanced and precise solutions for commercial real estate intelligence. Our dedication to innovation propels real estate professionals forward by providing them with the essential tools required to navigate complex decisions, minimize risk, and boost productivity across the spectrum of real estate operations. LightBox is renowned for its commitment to promoting excellence and fostering connections in the industry, serving an extensive clientele of over 30,000 customers. Our diverse client base spans commercial and government sectors, including but not limited to brokers, developers, investors, lenders, insurers, technologists, environmental advisors, appraisers, and other businesses that depend on geospatial information. To discover more about how LightBox can illuminate the path to informed real estate solutions, visit us at: www.LightBoxRE.com

Media inquiries: media@lightboxRE.com 

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SOURCE LightBoxRE

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State Grid Changzhou Power Supply Company Commissions the City’s First Whole-Village Photovoltaic Project

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CHANGZHOU, China, Nov. 9, 2026 /PRNewswire/ — On November 5, Changzhou’s first whole-village photovoltaic (PV) project was officially commissioned in Heshu Village, Lijia Town, Wujin District. Rooftops of 40 households and the village’s corridors accommodate a total of 1.08 MW of PV capacity, yet from a distance, almost no trace of the installation can be seen.

This “invisibility” is by design. Heshu Village’s rural houses were delivered under unified planning and construction in November 2022. The village is a pilot for Jiangsu Province’s homestead system reform and a national demonstration village for rural governance. Its neat eaves and ample rooftop area provided favorable conditions for whole-village PV development, while also imposing higher requirements on construction.

For the two housing types of 140 square meters and 90 square meters, the contractor designed customized layouts of 36 and 25 modules respectively, with PV panels laid along the roof slope. In conventional practice, the gap between PV panels and tiles is about 20 centimeters; in Heshu Village, it was reduced to 12 centimeters. Down-conductors are routed neatly along walls, so the rooftops look flat from afar and the layout appears orderly up close, without disrupting the original contours of the houses.

“From a distance, it looks like village scenery; only up close can you tell it is a PV power station,” said Zhang Xiongwei, project contact person at State Grid Changzhou Power Supply Company. He explained that, in line with Heshu Village’s Jiangnan water-town character of white walls and dark tiles, the project follows the original roof contours and uses black, low-reflection PV modules so that the PV equipment blends into the rooftops. Power supporting equipment is painted or decorated with colored drawings to fit the surrounding village landscape and merge into the village’s appearance.

According to estimates, the whole-village PV project generates about 1.18 million kWh of electricity annually, equivalent to the annual electricity consumption of 360 ordinary households, and can reduce carbon dioxide emissions by about 700 tons per year. With green benefits secured, the question is how to divide the economic returns. Heshu Village adopted a model of “government promotion, grid support, state-owned enterprise demonstration, village committee organization, and resident benefits”: the state-owned platform Wujin Digital Energy is responsible for investment, construction, and operation and maintenance, and pays rent to residents and the village committee; the village committee convenes general meetings of property owners to promptly respond to residents’ concerns and organize contract signing; and Changzhou Power Supply Company is responsible for technical guidance and the connection of supporting power facilities.

Residents only need to provide their rooftops and can receive a cumulative rooftop rental income of about 33,000 yuan over 20 years. In addition to a three-year roof waterproofing insurance, State Grid Changzhou Power Supply Company has also introduced Yingda Insurance to provide a seven-year extended warranty service. The village collective receives rent for the PV corridors, as well as incentives that give back to rural development, such as village street lighting, Party-building publicity sites, and convenient service venues. The investor earns returns through power generation, with an investment payback period of about 11 years. The project adopts a connection scheme of “800 V low-voltage collection and 10 kV medium-voltage grid connection,” significantly improving power quality and supply reliability and markedly enhancing the project’s ability to interact with the power grid.

The 2026 No. 1 Central Document proposed “advancing the construction of livable, workable, and beautiful villages in accordance with local conditions,” and the National Energy Administration requires “guiding the scientific layout and orderly development of rural distributed PV according to grid carrying capacity.” Heshu Village’s exploration is precisely the implementation of this guidance at the village level. In the future, Changzhou will also explore promoting the simultaneous design and integrated construction of rural self-renewal housing and PV, so that such village landscapes can take root in more rural areas.

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SOURCE State Grid Changzhou Power Supply Company

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UAE becomes first country outside Europe to implement eATA Carnet system

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DUBAI, UAE, Nov. 9, 2026 /PRNewswire/ — The UAE commenced its rollout of the eATA Carnet system on 9 November 2026, becoming the first country outside Europe to adopt the innovative digital solution. The initiative is being implemented through collaboration between Dubai Chambers, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), and Dubai Customs.

The system enables ATA Carnets to be issued and processed electronically, replacing paper-based procedures with digital declarations, QR codes, and transaction records. It is designed to accelerate customs clearance, improve transparency, and facilitate international trade and events.

Dubai Chamber of Commerce, one of the three chambers under the umbrella of Dubai Chambers, has served as the UAE’s National Guaranteeing and Issuing Association for ATA Carnets since 2011. The chamber played a key role in preparing for the implementation, working closely with national customs authorities and the International Chamber of Commerce (ICC) on technical consultations, training, and pre-launch testing.

Dubai Chambers is one of only 13 of the ICC’s 1,200 member chambers worldwide to implement the eATA Carnet system.

ATA Carnets allow eligible goods to enter participating countries temporarily without payment of customs duties or taxes, provided they are subsequently re-exported. Valid for up to one year, they simplify customs requirements for exhibitions, commercial samples, and professional equipment, reducing paperwork and the need for separate customs guarantees.

Between the UAE’s adoption of the ATA Carnet system in 2011 and the end of 2025, 63,591 carnets were issued and received, covering goods worth AED 54.4 billion. In 2025 alone, Dubai Chamber of Commerce issued and received 5,960 carnets covering goods valued at AED 5.6 billion, up 11.2% in number and 30% in value year-on-year.

The UAE’s transition follows the June 2026 rollout across 30 European countries. Full global digitalisation of the ATA Carnet system is expected by 1 January 2028.

About Dubai Chambers

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global business hub by empowering businesses, providing innovative value-added services, and unlocking access to influential networks.

For more information, please contact:

Mohamad Mouzehem
mohamad.mouzehem@dubaichamber.com

 

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Agilix Labs Awarded AWS Education Equity Initiative Grant for Finder Program in Sierra Leone

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FREETOWN, Sierra Leone, Nov. 9, 2026 /PRNewswire/ — Agilix Labs has been awarded a grant to use AI and cloud technology from Amazon Web Services, Inc. (AWS) through the AWS Education Equity Initiative to support the Finder Program in Sierra Leone. The program is run by the Future Learning Institute (FLI), which Agilix Labs established in 2025 under an agreement with the country’s Ministry of Technical and Higher Education. On Nov. 10, FLI formally launches the program and opens its second Community Learning Center at Freetown Polytechnic.

A Finder is a young person the community brings its questions to. The Finder uses AI with local judgment, checks the work and brings back something a trader, a farmer or a teacher can use.

The program is for young Sierra Leoneans who qualified for university but couldn’t get a place, including young women, students with disabilities and young people from rural areas and low-income families.

“Our young people know their communities better than anyone,” said Mustapha Turay, President, FLI Centers in Sierra Leone. “I promised myself that whatever education I got in the United States, I would bring it home. We started in Kono. Now Freetown has a center of its own.”

Over the year-long program, learners take on questions from local businesses and community groups and work with AI to answer them. Lessons run on Agilix Dawn, which keeps working when the signal drops. With the grant, learners’ AI work will run on AWS, through Amazon Bedrock.

“We founded FLI to help young people get jobs, starting with those who were ready to learn and had no place to do it,” said Curt Allen, Co-Founder, Chairman and CEO, Agilix Labs. “At our centers, they use AI to serve their own communities. Finder is the job we’re training them for.”

Schedule, fact sheet and photos: www.agilix.com/fli/press.

About the Future Learning InstituteA
The Future Learning Institute (FLI) trains young Sierra Leoneans to become Finders. Its center at Freetown Polytechnic opens in November 2026. Its Kono District center opened in March 2026.

About Agilix Labs
Agilix Labs is an education technology company based in Lehi, Utah. Its Buzz platform has supported more than 55 million course enrollments, with users in more than 200 countries and territories. www.agilix.com

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SOURCE Agilix

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