1. Sir David Adjaye OBE to receive 2021 Royal Gold Medal for Architecture (RIBA)
" The Royal Gold Medal is approved personally by Her Majesty The Queen and is given to a person or group of people who have had a significant influence 'either directly or indirectly on the advancement of architecture'."
2. SOM reimagines former Cook County Hospital into mixed-use destination (BD+C)
"The reimagined building now includes a new hotel, a food hall, medical offices, and community spaces and is the first phase of a proposed $1 billion redevelopment plan for the area. The building also includes a museum space that will showcase the important role the hospital played for the city and in the field of medicine."
3. Thornton Tomasetti launches T2D2, AI solution company to detect, classify, and monitor deterioration of building envelopes and infrastructure (Thornton Tomasetti)
"T2D2 founder and CEO Badri Hiriyur, Ph.D., director of CORE AI at Thornton Tomasetti, said the AI within T2D2 has been applied to identify visual anomalies and other signatures of deterioration on facades and structures. It analyzes digital images or videos taken by any type of camera (hand-held, fixed or drone-mounted) and can detect and identify conditions of deterioration."
4. U.S. Green Building Council, Green Business Certification Inc. expand resilience resources to support the green building industry (USGBC)
"LEED and GBCI rating systems drive resilience-enhancing strategies to help businesses and governments mitigate climate risks."
5. RedBird Mall co-developer is ready to bring his vision to other languishing U.S. malls (Bisnow)
"The mall is slated to offer South Dallas a solid mix of office, healthcare, retail, entertainment and affordable housing product. The apartments on-site are about 60% complete and developers are grinding away on the underground infrastructure."
6. Millions are house-rich but cash-poor. Wall Street landlords are ready (WSJ)
"Hardships caused by the coronavirus pandemic are likely to force a lot of sales and create new renters."
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.