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
MFPRO+ Research | Feb 27, 2024
Most competitive rental markets of early 2024
The U.S. rental market in early 2024 is moderately competitive, with apartments taking an average of 41 days to find tenants, according to the latest RentCafe Market Competitivity Report.
Construction Costs | Feb 22, 2024
K-12 school construction costs for 2024
Data from Gordian breaks down the average cost per square foot for four different types of K-12 school buildings (elementary schools, junior high schools, high schools, and vocational schools) across 10 U.S. cities.
Student Housing | Feb 21, 2024
Student housing preleasing continues to grow at record pace
Student housing preleasing continues to be robust even as rent growth has decelerated, according to the latest Yardi Matrix National Student Housing Report.
Architects | Feb 21, 2024
Architecture Billings Index remains in 'declining billings' state in January 2024
Architecture firm billings remained soft entering into 2024, with an AIA/Deltek Architecture Billings Index (ABI) score of 46.2 in January. Any score below 50.0 indicates decreasing business conditions.
Multifamily Housing | Feb 14, 2024
Multifamily rent remains flat at $1,710 in January
The multifamily market was stable at the start of 2024, despite the pressure of a supply boom in some markets, according to the latest Yardi Matrix National Multifamily Report.
Student Housing | Feb 13, 2024
Student housing market expected to improve in 2024
The past year has brought tough times for student housing investment sales due to unfavorable debt markets. However, 2024 offers a brighter outlook if debt conditions improve as predicted.
Contractors | Feb 13, 2024
The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of January 2024
Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8.4 months in January, according to an ABC member survey conducted from Jan. 22 to Feb. 4. The reading is down 0.6 months from January 2023.
Industry Research | Feb 8, 2024
New multifamily development in 2023 exceeded expectations
Despite a problematic financing environment, 2023 multifamily construction starts held up “remarkably well” according to the latest Yardi Matrix report.
Market Data | Feb 7, 2024
New download: BD+C's February 2024 Market Intelligence Report
Building Design+Construction's monthly Market Intelligence Report offers a snapshot of the health of the U.S. building construction industry, including the commercial, multifamily, institutional, and industrial building sectors. This report tracks the latest metrics related to construction spending, demand for design services, contractor backlogs, and material price trends.
Industry Research | Jan 31, 2024
ASID identifies 11 design trends coming in 2024
The Trends Outlook Report by the American Society of Interior Designers (ASID) is the first of a three-part outlook series on interior design. This design trends report demonstrates the importance of connection and authenticity.
