When companies worldwide shifted to remote work during the height of the pandemic, questions arose on how it would affect the office sector. Now, three years later, some signs point to an office comeback. After all, commercial planning, which includes office projects, increased 7% year over year in May, according to the Dodge Momentum Index. […]
Skanska USA Building, the construction arm of the Sweden-based contractor, has announced a shakeup to senior executives on the East Coast. After 17 years at the company, Regional Executive Officer Bryant Farland has stepped down, according to a Skanska release, to pursue a new opportunity. According to his LinkedIn, Farland is now the CEO of […]
Angie Hicks has a unique perspective on construction. As chief customer officer of Angi — formerly Angie’s List, which Hicks co-founded — she has decades of experience working with entrepreneurs in the trades and consumers. That gives her unique insight into how the construction industry is perceived. A recent survey from Angi, the Skilled Trades […]
In early 2022, just before the Northland Village Mall in Calgary, Alberta, was slated for demolition, it became one of many places in the Canadian province to be taken over as a set for the HBO zombie apocalypse series “The Last of Us.” Photos from the set show the mall’s shuttered interior portion strewn with […]
Dive Brief: Headwinds around apartment construction have lessened a bit this year, with delays becoming less common and price increases slowing, according to the latest edition of the National Multifamily Housing Council’s Quarterly Survey of Apartment Construction & Development Activity. Seventy-nine percent of the survey’s respondents reported construction delays in the first quarter — an […]
Dive Brief: The McGraw-Hill building, a landmark office tower in Midtown Manhattan, is set to undergo a partial residential conversion that will turn its top two-thirds into 224 luxury apartments. The redevelopment plan by New York City-based owner and developer Resolution Real Estate covers the entire building, according to a press release shared with Multifamily […]
The recent failures of Silicon Valley Bank and Signature Bank, among others, have rocked the business and real estate lending world. The multifamily sector hasn’t been immune from the fallout. Signature was the third-largest lender of apartment loans in New York City. In addition to funding proptech start-ups, SVB also funneled more than $2 billion […]
Property: The BellemontDeveloper: Naftali GroupArchitect: Robert A.M. Stern ArchitectsLocation: New York CityUnits: 11Cost: Withheld With construction nearly complete, move-ins have begun at The Bellemont condominium tower on the corner of Madison Avenue and 86th Street in New York City, located one block from Central Park. All of the building’s 11 condos sold within five months […]
Dive Brief: Summit Contracting Group moved up two spots to claim the No. 1 ranking on the National Multifamily Housing Council’s Top 25 list of apartment builders, released last week. The Jacksonville, Florida–based company started 14,184 units — 3,500 more than the year before. Scottsdale, Arizona–based Alliance Residential remained in the No. 2 spot after […]
This feature is a part of “The Dotted Line” series, which takes an in-depth look at the complex legal landscape of the construction industry. To view the entire series, click here. There’s an old saying in construction about there being only two types of contractors: those who have been sued, and those who will be. While […]
