1. Apple is building a 192-room hotel on its billion-dollar Austin Campus (BD+C)
"The hotel will give Apple more control over all aspects of where visitors to the Austin campus will stay."
2. Is CLT really a green solution? (BD+C)
"CLT is intended to replace concrete and steel whose production accounts for about 13% of global carbon dioxide emissions. Wood in CLT panels pulled CO2 from the atmosphere, and that carbon should remain locked up as long as the building stands."
3. Will Remote Working Spell the Demise of the Office Sector? (National Real Estate Investor)
"While some tech and banking firms are considering major shifts to permanent work-from-home policies, offices will still be around."
4. Biggest U.S. Mall Is Two Months Delinquent on $1.4 Billion Loan (Bloomberg, National Real Estate Investor)
"The Mall of America missed two months of payments on a $1.4 billion CMBS loan."
5. Mechanics liens up 40% as COVID-19 pandemic disrupts industry (Construction Dive)
"U.S. mechanics lien filings have risen significantly since the COVID-19 pandemic shut down all but the most essential projects in many states, according to notice and lien service provider Levelset. The number of liens filed through March 2020 jumped 40% since January."
6. ULI Forecasts Strong CRE Growth to Return in 2022 (Commercial Property Executive)
"Despite numerous uncertainties, economic and real estate recovery should begin in the second half of 2020, followed by stronger growth in 2021 and significant growth in 2022, according to the Urban Land Institute’s semi-annual Real Estate Economic Forecast. The three-year 'consensus' forecast measures 27 economic and real estate factors and represents the average of forecasts from 39 economists/analysts at 35 real estate organizations. The 17th semi-annual forecast was based on responses collected from May 1 to May 18."
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Construction employers add 17,000 jobs in April and 257,000 for the year
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Market Data | May 2, 2018
Construction employment increases in 245 metro areas between March 2017 & 2018, as trade fights & infrastructure funding shortfalls loom
Houston-The Woodlands-Sugar Land, Texas and Weirton-Steubenville, W.Va.-Ohio experience largest year-over-year gains; Baton Rouge, La. and Auburn-Opelika, Ala. have biggest annual declines.
Market Data | May 2, 2018
Nonresidential Construction down in March, private sector falters, public sector unchanged
February’s spending estimate was revised roughly $10 billion higher.
Market Data | Apr 30, 2018
Outlook mixed for renewable energy installations in Middle East and Africa region
Several major MEA countries are actively supporting the growth of renewable energy.
Market Data | Apr 12, 2018
Construction costs climb in March as wide range of input costs jump
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Market Data | Apr 9, 2018
Construction employers add 228,000 jobs over the year despite dip in March
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Market Data | Apr 4, 2018
Construction employment increases in 257 metro areas between February 2017 & 2018 as construction firms continue to expand amid strong demand
Riverside-San Bernardino-Ontario, Calif. and Merced, Calif. experience largest year-over-year gains; Baton Rouge, La. and Auburn-Opelika, Ala. have biggest annual declines in construction employment.
Market Data | Apr 2, 2018
Construction spending in February inches up from January
Association officials urge federal, state and local officials to work quickly to put recently enacted funding increases to work to improve aging and over-burdened infrastructure, offset public-sector spending drops.
Market Data | Mar 29, 2018
AIA and the University of Minnesota partner to develop Guides for Equitable Practice
The Guides for Equitable Practice will be developed and implemented in three phase.
