1. $92 million reconstruction of St. Petersburg Municipal Pier completes (BD+C)
"The $92 million reconstruction of the St. Petersburg Municipal Pier has completed. Dubbed the Pier District, the 26-acre project includes a park, a 1,400-foot pier, a beach, restaurants, shops, artwork, interactive experiences, and entertainment and education areas."
2. Senate Republicans' coronavirus relief measure includes provisions that will help hard-hit construction firms recover (AGC)
"The HEALS Act includes essential liability, workforce, financial & unemployment reforms, but association will work to get needed infrastructure investments included in final relief measure."
3. Updated Energy Plus and OpenStudio building energy modeling tools released (BD+C)
"The U.S. Department of Energy (DOE) and National Laboratories released updated versions of open-source, whole-building energy modeling tools: the EnergyPlus engine and the OpenStudio software development kit and graphical application."
4. Post-pandemic workplace design will not be the same for all (Sasaki)
"The shift to open office design was largely driven by a change in the way we work. Our economy shifted from repetitive, production-focused work to innovative, knowledge-based work, which required that cubicle walls come down. As knowledge-based work increased with the explosion of the internet and globalization, employee interaction came to be viewed as an imperative, rather than a distraction hindering productivity."
5. Booming E-commerce sales drive demand for industrial facilities (National Real Estate Investor)
"Industrial facilities are seeing rising rents and potential bidding wars as online sales drive demand for space to store merchandise."
6. Researchers closer to understanding the role of buildings in the pandemic (Bisnow)
"New research by the University of Oregon and the University of California-Davis points to HVAC systems as spreaders of the coronavirus, though the study is still preliminary."
Related Stories
| Jun 5, 2023
Communication is the key to AEC firms’ mental health programs and training
The core of recent awareness efforts—and their greatest challenge—is getting workers to come forward and share stories.
Contractors | May 24, 2023
The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of April 2023
Contractor backlogs climbed slightly in April, from a seven-month low the previous month, according to Associated Builders and Contractors.
Multifamily Housing | May 23, 2023
One out of three office buildings in largest U.S. cities are suitable for residential conversion
Roughly one in three office buildings in the largest U.S. cities are well suited to be converted to multifamily residential properties, according to a study by global real estate firm Avison Young. Some 6,206 buildings across 10 U.S. cities present viable opportunities for conversion to residential use.
Industry Research | May 22, 2023
2023 High Growth Study shares tips for finding success in uncertain times
Lee Frederiksen, Managing Partner, Hinge, reveals key takeaways from the firm's recent High Growth study.
Multifamily Housing | May 8, 2023
The average multifamily rent was $1,709 in April 2023, up for the second straight month
Despite economic headwinds, the multifamily housing market continues to demonstrate resilience, according to a new Yardi Matrix report.
Market Data | May 2, 2023
Nonresidential construction spending up 0.7% in March 2023 versus previous month
National nonresidential construction spending increased by 0.7% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $997.1 billion for the month.
Hotel Facilities | May 2, 2023
U.S. hotel construction up 9% in the first quarter of 2023, led by Marriott and Hilton
In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. continue to increase, standing at 5,545 projects/658,207 rooms at the close of Q1 2023. Up 9% by both projects and rooms year-over-year (YOY); project totals at Q1 ‘23 are just 338 projects, or 5.7%, behind the all-time high of 5,883 projects recorded in Q2 2008.
Market Data | May 1, 2023
AEC firm proposal activity rebounds in the first quarter of 2023: PSMJ report
Proposal activity for architecture, engineering and construction (A/E/C) firms increased significantly in the 1st Quarter of 2023, according to PSMJ’s Quarterly Market Forecast (QMF) survey. The predictive measure of the industry’s health rebounded to a net plus/minus index (NPMI) of 32.8 in the first three months of the year.
Industry Research | Apr 25, 2023
The commercial real estate sector shouldn’t panic (yet) about recent bank failures
A new Cushman & Wakefield report depicts a “well capitalized” banking industry that is responding assertively to isolated weaknesses, but is also tightening its lending.
Architects | Apr 21, 2023
Architecture billings improve slightly in March
Architecture firms reported a modest increase in March billings. This positive news was tempered by a slight decrease in new design contracts according to a new report released today from The American Institute of Architects (AIA). March was the first time since last September in which billings improved.
