Dive Brief: Charleston, South Carolina-based multifamily giant Greystar is launching a new brand, Ltd. by Greystar, focused exclusively on attainable housing. Among other features, apartments in this brand will cap annual rent increases at either 3% or the trailing 12-month increase in the Consumer Price Index, whichever is greater. The Ltd. brand will work in […]
Dive Brief: National construction spending increased 1.9% in April to a seasonally adjusted annualized basis of $1.05 trillion, according to new Associated Builders and Contractors analysis. That growth stems from gains in almost every nonresidential building category. Thirteen of the 16 nonresidential categories jumped in April, led by an 8.6% growth in manufacturing construction. “What […]
Dive Brief: Over 14,500 new single-family rental homes were constructed across the country in 2022. This marks an all-time high, up 47% from 2021 and more than double the peak yearly construction rate before the COVID-19 pandemic, according to a new study from RentCafe. The trend shows no sign of slowing. Nearly 44,700 new build-to-rent […]
A blanket of smoke continues to smother much of the Northeast in the U.S., sparking school shutdowns and work-from-home orders from companies like Google. Yet while kids stay at home and tech employees boot up their home offices, there remains no mandate in the construction industry with regards to air pollution, said Mike Elmendorf, president […]
Respondents to a Construction Dive survey called for an industrywide mandate on when to pause work due to toxic air quality caused by wildfire smoke. Currently, no law or mandate requires individual contractors to halt work due to poor breathing conditions. Neither the Environmental Protection Agency nor OSHA have mandates on when outdoor work should […]
Project: AC Hotel by MarriottValue: $60 millionLocation: Pasadena, CaliforniaContractor: R.D. OlsonMilestone: Groundbreaking Irvine, California-based contractor R.D. Olson kicked off construction of a $60 million AC Hotel by Marriott in Pasadena, California, the company announced June 6 in a news release shared with Construction Dive. Plans for the 100,000-square-foot, 194-room facility include a rooftop bar and lounge […]
Dive Brief: Construction backlog held steady at 8.9 months in May as increased infrastructure bookings offset a plunge in heavy industrial projects, according to Associated Builders and Contractor analysis. Commercial and institutional backlog was unchanged at 9.2 months, but heavy industrial projects plunged by 1.2 months, or about 14%. A 1.3-month uptick in the infrastructure […]
Project: Entegris Manufacturing Center of ExcellenceValue: $600 millionLocation: Colorado Springs, ColoradoContractor: N/AMilestone: Groundbreaking Tack on another $600 million investment to the multi-billion dollar push to move manufacturing operations back to the United States. Entegris, a Billerica, Massachusetts-based supplier of advanced materials and process solutions for the semiconductor industry, held a groundbreaking ceremony earlier this month for […]
While some have lambasted the U.S. Supreme Court’s recent ruling about a Washington state concrete truck driver labor dispute, legal experts told Construction Dive that the impact of that ruling would be limited. In an 8-1 decision announced June 1, the Supreme Court sided with Glacier Northwest, declaring the Seattle-based concrete provider did have a case […]
An 11-year veteran at San Francisco-based contractor Swinerton will take over as vice president and division manager of its Seattle office, the company announced in a press release shared with Construction Dive. Nick Vovakes, who joined the company in 2011, was previously an operations manager and has more than 20 years of experience in the […]
