Most Recent in News
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August 11,2010Total nonresidential construction spending through the first two months of 2001 continued to run an exceptional 9.4 percent higher than during January and February last year. However, the growth is likely to slow, finishing the year at 4 percent, more than 7 percent below spending growth for 2000. In 2002, the growth rate is projected to rebound to 7.
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August 11,2010Suffolk Construction of Boston has begun work on a $30 million expansion to the Beth Israel Deaconess Hospital in Needham, Mass. The 44,000-sf addition is the hospital's largest facility improvement project in 30 years. The team will construct a new two-story vertical expansion and renovate the existing facility to upgrade the façade and create a new front entrance.
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August 11,2010Dallas-based Trammell Crow Company, Austin developer Constructive Ventures, and the San Antonio office of USAA Real Estate Co. will redevelop the Green Water Treatment Plant and adjoining Austin Energy Control Center sites, together encompassing more than six acres in downtown Austin, Texas. The project will represent Austin's largest downtown redevelopment effort to date.
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August 11,2010A manufacturer of intercom systems has released a technical CD with expanded product and company literature as well as special-order product information. Aiphone's products range from simple audio-only door answering systems to sophisticated video and microprocessor-based systems.Aiphone Corp. Circle 308
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August 11,2010The vacancy rate for manufacturing facilities begins the year at 11%, nearly a full percentage point lower than a year earlier but still about 2% above the long-term average vacancy rate. New York, Los Angeles, Denver, and Salt Lake City have below-average availability, mostly due to their recently increased importance as distribution centers, especially for imported goods.
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August 11,2010Commercial construction spending accounted for 31% of the total year-to-date gain in nonresidential and multifamily construction through August. The quick rebound in spending on new and renovated multifamily housing, retail, service, and parking facilities early in the construction expansion cycle is typical of the cyclical pattern.
