BD+C's roundup of the top construction market news for the week of August 18 includes the latest architecture billings index from AIA and a BOMA study on the nation's most and least expensive commercial real estate markets.
AIA ARCHITECTURE BILLINGS INDEX UP AGAIN IN JULY
The ABI, a leading indicator in commercial construction, was up more than a full point last month, to 52.7 (any score above 50 means increased billings). The number was above 50 in every region and every market sector tracked by the AIA. New projects index also up dramatically, to 66.7, from 62.6 in June. http://www.bdcnetwork.com/aia-architecture-billings-rise-july
FIVE MOST (AND LEAST) EXPENSIVE COMMERCIAL REAL ESTATE MARKETS
At the top: Stamford, Conn. ($16.11/sf), New York, Grand Rapids, Mich., Newark, N.J., and San Francisco. At the bottom: Stockton, Calif. ($3.57/sf), Fresno, Calif., Huntsville, Ala., Virginia Beach, Va., and Albuquerque, N.M. Total operating expenses were down 3.9% overall from 2011 to 2012, BOMA says, crediting maximization of operating efficiency. http://www.bdcnetwork.com/5-most-and-least-expensive-commercial-real-estate-markets
2013 WILL BE A RECORD YEAR FOR HOTEL RENOVATIONS
Duro-Last blogger Drew Ballensky reports that the U.S. hotel industry is expected to spend $5.6 billion on capital expenditures this year, beating the prior record set in 2008. NYU's Preston Robert Tisch Center for Hospitality says 20% of hotels will receive improvements this year. http://www.bdcnetwork.com/blog/2013-will-be-record-year-hotel-renovations
CODE AMENDMENT IN DALLAS WOULD LIMIT EXTERIOR REFLECTIVITY
Proposal would limit exterior reflectivity of "visible light" to 15%, in attempt to cut down "undesirable" and "potentially hazardous" glare. Potential "non-green" side effect: use of dark or tinted glass that interferes with daylighting. Of note to all designers and glass/enclosures manufacturers. http://www.bdcnetwork.com/code-amendment-dallas-would-limit-building-exterior-reflectivity
Also see: Top construction news for the week of August 11, 2013
Related Stories
Airports | Mar 21, 2019
First photos inside the nearly completed Jewel Changi Airport addition
The addition is set to open this spring.
Airports | Feb 28, 2019
Renovation of Tampa International Airport’s Main Terminal completes
Skanska and HOK led the design-build team.
Airports | Feb 26, 2019
Design team unveils Terminal Modernization Program at Pittsburgh International Airport
The terminal’s design philosophy combines nature, technology, and community.
Airports | Feb 21, 2019
Self-service bag drops and the challenges of speeding up airport baggage check-in
More airports are asking passengers to check their own baggage. What’s the ripple effect?
Airports | Feb 10, 2019
Chicago searches for the right design to expand O’Hare Airport and make passenger connections less stressful
Competition finalists took different approaches to rethinking the logistics of a gigantic, hectic space.
Airports | Oct 31, 2018
Foster + Partners’ Mexico City Airport has been cancelled
The project was set to cost $13.3 billion.
Airports | Aug 3, 2018
Airport trends 2018: Full flights with no end in sight
As service demand surges, airports turn to technology, faster building techniques.
Airports | May 31, 2018
Denver's airport city
Cultivation of airport cities is an emerging development strategy shaped by urban planners, civic leaders, airport executives, and academics.
| May 24, 2018
Accelerate Live! talk: Security and the built environment: Insights from an embassy designer
In this 15-minute talk at BD+C’s Accelerate Live! conference (May 10, 2018, Chicago), embassy designer Tom Jacobs explores ways that provide the needed protection while keeping intact the representational and inspirational qualities of a design.
Retail Centers | Apr 19, 2018
Miami International Airport is home to the first Johnnie Walker store in the U.S.
The store will be a permanent fixture in the airport’s North Terminal.
