Commercial real estate and office spaces
August saw multifamily housing starts drop 16%, contrasting with rising single-family starts, indicating a challenging outlook for multifamily developers.
Continue readingWilmington Savings lost its bid for foreclosure in New York due to four separate documentation failures, challenging its standing in court.
Continue readingBechtel is severing ties with TerraPower's Natrium project, affecting about 200 jobs at its Virginia headquarters amid a regional employment shift.
Continue readingFannie Mae's lawsuit against guarantors of a Texas apartment complex underscores severe risks tied to unresolved mechanic's liens and property deterioration.
Continue readingThe MTA advances with the Second Avenue Subway extension, issuing an RFQ for its largest contract, set to enhance East Harlem's transit access by 2032.
Continue readingBrightline West seeks a crucial $6 billion federal loan to secure funding for its high-speed rail project linking Las Vegas and Southern California.
Continue readingIntro Columbus, the tallest mass timber student housing in the U.S., tops out ahead of schedule, enhancing the state's sustainability focus and housing options.
Continue readingRising interest rates and inflation are straining the construction sector, threatening new project viability and exacerbating existing project delays.
Continue readingSuffolk and MIT's recent study reveals AI can reduce construction costs by 17%-20% and schedules by 22%-25% through six key applications.
Continue readingData centers are driving a rebound in construction backlogs, with one in six contractors engaged in this booming sector amid labor supply challenges.
Continue readingPostvention care is crucial after a workplace suicide, emphasizing the need for support systems to help employees cope in the crisis's aftermath.
Continue readingAs steel prices soar, developers are increasingly exploring mass timber to mitigate costs and construction delays, despite initial higher expenses.
Continue readingDespite a slowdown, construction firms face fierce labor shortages as data centers intensify competition for skilled workers, prompting innovative workforce strategies.
Continue readingContractors are grappling with skyrocketing material costs, impacting project bids and requiring rapid responses to stay competitive.
Continue readingAchieving the right fit in safety helmets is essential for protection on job sites, directly influencing both safety and comfort for workers.
Continue readingConstruction teams can enhance project efficiency by transforming scattered data into actionable insights, minimizing delays and improving communication.
Continue readingSoaring material costs are causing project delays and cancellations, forcing construction firms to reevaluate strategies amidst uncertain economic conditions.
Continue readingThe recent transformation of Crowne Plaza Manhattan Times Square positions it as IHG’s flagship hotel in the Americas, enhancing its appeal in a competitive market.
Continue readingThe construction sector sees pivotal changes with Procore's acquisition of DroneDeploy and Jacobs securing a major wastewater contract, reshaping operational efficiency.
Continue readingData center construction is booming, especially in Virginia, driven by major tech investments, but developers face significant regulatory and logistical hurdles.
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