Rent growth drops to lowest non-pandemic rate since 2011

Dive Brief: The national average asking rent for conventional multifamily properties rose by $7 between May and June, up to $1,726 total, according to the latest National Multifamily Report by Yardi Matrix. Occupancy in this property type remains stable at 95.0%. Despite these short term gains, year-over-year rent growth is still falling, down 70 basis […]

4 of the biggest OSHA fines of Q2 2023

OSHA frequently publicizes cases where inspections result in large fines. The naming of contractors buttresses the agency’s efforts to raise awareness of safety standards and to punish companies that don’t comply. Often, these citations include small residential builders, usually with a history of repeatedly failing to provide their workers with adequate protection from hazards. Employers […]

What architects want GCs to know

Collaboration, collaboration, collaboration: This mantra can make the difference between a successful partnership or a contentious experience between architects and contractors.  According to a study by the American Institute of Architects and the Associated General Contractors of America, both groups value early and frequent collaboration as key to building strong relationships. The majority — 80% […]

How Lendlease overcame challenges on 80-story NYC condo tower

Sydney, Australia-based global developer and contractor Lendlease has finished construction on an 80-story luxury residential building in Manhattan’s Midtown East that has been in progress since 2018.  The first move-ins at Sutton Tower’s 120 for-sale units — luxury condos that start around $2.5 million — are scheduled for this summer, the contractor announced last month. […]

EEOC sues electrical contractor for age discrimination

Dive Brief: The U.S. Equal Employment Opportunity Commission has filed a lawsuit against Hatzel & Buehler, alleging the Wilmington, Delaware-based commercial electrical contractor violated labor law through discriminatory hiring and recruitment of workers aged 40 years and older at its New Jersey office. Since at least November 2020, a Hatzel & Buehler vice president in […]

What condo owners, developers can learn from the Surfside collapse

Construction risk management expert Don Neff is President of LJP Construction Services headquartered in Irvine, California, with regional offices in Miami, Atlanta and Las Vegas. Opinions are the author’s own. Don Neff Permission granted by Don Neff   Saturday marked the two-year anniversary of the terrible tragedy of the collapse of the Champlain Towers South […]

New York City rebuilds $16.6M corridor with permeable concrete

A recently completed, $16.6 million infrastructure project in Queens used porous pavement to allow nearly 1.3 million gallons of stormwater to be absorbed back into the ground instead of flowing into the sewer system, according to a June 13 press release sent to Construction Dive.  The project began construction in March 2021, according to the […]

Next phases of $3.2B Michigan Soo Lock construction underway

The new Soo Lock on the St. Marys River in Michigan, which connects Lake Superior and Lake Huron, is moving ahead with phases 2 and 3 of construction, the U.S. Army Corps of Engineers Detroit District said in a release.  The project now costs $3.22 billion — more than three times its initial price tag […]