A 250-unit, 12-story, transit-oriented apartment building, developed by Lincoln Property Co., is expected to begin construction at Harlem Avenue and South Boulevard in Chicago late this year or early 2017. Lincoln is one of 32 contributors to the NHMC Research Foundation, a new research entity whose goal is to provide better and more detailed data on the multifamily housing sector. Image: Oak Park Economic Development Corp./Chicago Tribune
The list of leading developers, owners, and property managers that are funding the NMHC Research...read more
The Saratoga (N.Y.) Casino hotel, which opened in early July, is one of several new hospitality facilities that have opened in Saratoga County in the past two years. Image: John Carl D’Annibale/Albany Times-Union
But concerns about overbuilding persist.
Photo: © Jeremy Atherton, 2006
The Chief Economists for ABC, AIA, and NAHB all see the construction industry continuing to expan...read more
Tate at Tanglewood, a 417-unit apartment complex under construction in Houston's Uptown/Galleria submarket. Houston is leading the nation's 50 largest metros in apartment construction. Deliveries in those markets is expected to expand by 50% over 2015. Image: Tate at Tanglewood/ZRS Management
Texas is leading this multifamily construction boom, according to latest RENTCafé estimates.
Construction on the campus of the New England Institute of Technology in Kent, Rhode Island, in June 2016. Photo: Rick Payette/Creative Commons.
Nonresidential fixed investment fell for a third consecutive quarter, as indicated by Bureau of E...read more
Acumen Development Partners recently broke ground on the first tri-branded Marriott Hotel. The 470-room, $137 million project, adjacent to the Music City Center in Nashville, Tenn., is scheduled to be completed in 2018. Spending on hotel construction nationwide, which has boomed of late, is expected to level off in 2017, according to AIA's latest Consensus Forecast Panel. Image: Acumen Development Partners
But several factors could make the industry downshift.
Construction in Philadelphia in the summer of 2016. Photo: Alexis Lewis/Creative Commons.
The June ABI score was down from May, but the figure was positive for the fifth consecutive month...read more
Room available through Airbnb. Photo: Geremy F/Creative Commons
Allegedly removing thousands of housing units from market, driving up rents.
Construction in Miami. Photo: Phillip Pessar/Creative Commons.
The private and public sectors have a combined estimated seasonally adjusted annual rate of $1.14...read more
Cranes are springing up all over downtown Seattle, where 65 buildings are currently under construction. Image: Downtown Seattle Association
Development investment is twice what it was five years ago.
Latest survey by RENTCafé tracks size changes in 95 metros.
The $46 million Charlotte Park Apartments project, part of the 295-acre Hitachi master-planned community in San Jose, Calif., features 200 affordable apartments built by ROEM Buillders, Inc. In its latest “State of the Nation's Housing Market” report, the Joint Center for Housing Studies laments that projects like this one, for moderate- and low-income renters, are fewer and farther between. Image: ROEM Builders
The Joint Center for Housing Studies’ latest disection of America’s housing market finds moderate...read more
The chart above shows year-over-year (Q1 2016 v. Q1 2015) changes in regional construction backlogs. Most contractors are satisfied with the amount of work they have currently. But bigger firms with more robust workforces can expand their backlogs. Image: Associated Builders and Contractors
Large companies that can attract talent are better able to commit to more work, according to a na...read more
Robots producing a Tesla electric vehicle. Transwestern's latest report found that robot usage is becoming more prevalent and that auto sales are continuing at a record pace. Photo: Steve Jurvetson/Creative Commons
A new report from commercial real estate firm Transwestern indicates steady progress for the U.S....read more
The good news: the length and value of disputes in the U.S. fell last year, according to latest A...read more
Construction of the Sky 19 Plaza in Bismarck, N.D. in 2016. Photo: Consolidated Construction/Creative Commons
Retail construction projects were up nearly 25% year-over-year, and the industrial and office con...read more
Construction in Cleveland's Public Sqaure in April 2016. Photo: Erik Drost/Creative Commons.
Lower building material prices, a sluggish U.S. economy, and hesitation among private developers...read more
Austin, Texas. The population growth of the city has slowed, but a few of its suburbs, including Pflugerville and Georgetown, have experience booms. Photo: Stuart Seeger/Creative Commons
Older Millennials are looking to buy homes and move away to more affordable suburbs and exurbs....
The American Institute of Architects reported the April ABI score was 50.6, down from the mark of...read more
Construction in San Francisco in April 2016. Photo: Lynn Friedman/Creative Commons.
Bureau of Economic Analysis data indicates that the U.S. output is barely growing and that nonres...read more
Photo: Phillip Pessar/Creative Commons.
The multi-family residential sector fared the best. The Midwest was the only U.S. region that did...read more
A new report from Navigant foresees a steady climb in commercial demand for wireless sensors, as developers and their AEC partners seek better ways to make their buildings smarter and interconnected. Image: Navigant Research
Europe and Asia will propel that growth, according to a new report from Navigant.
Photo courtesy Pixabay
Survey respondents are targeting smaller acquisitions, at a time when market cap rates are narrow...read more
Photo: Victoria Pickering/Creative Commons
Spending in the nonresidential sector totaled $690.3 billion on a seasonally adjusted, annualized...read more
JLL's white paper identifies 10 trends across a wide range of influences that are likely to impact commercial real estate firms over the next few years. Image: JLL
The report looks at global threats and opportunities, and how CRE firms are managing their expect...read more
Construction in New Russia, Ohio. Photo: Edsel Little/Creative Commons.
Business conditions softening most in Midwest in recent months.
The Mall of the Future will be a combination community center and gathering place. It will be technology rich, be attached or near living and working spaces, and will provide variety to lure customers for frequent visits. Image: CallisonRTKL's “Mall of the Future” report
CallisonRTKL foresees future retail centers as hubs with live/work/play components.
Corporate real estate executives are compelled to create workplace environments where a more diverse, younger workforce can excel. Image: CRBE's Glendale, Calif., office
A new CBRE survey finds more companies leaning toward “smarter” workspaces.
Construction of the SLS Hotel & Residences Brickell in Miami in February, 2016. Photo: Phillip Pessar/Creative Commons
Nonresidential construction spending expanded 2.5% on a monthly basis and 12.3% on a yearly basis...read more
Photo: Sterling Davis/Creative Commons
This year’s report shows that spending in 2015 reached the highest level since the Great Recessio...read more