1. 10 Design will redevelop the Nanjing Dajiaochang Airport (BD+C)
"The redevelopment has been designed with the central theme of echoing the past while reflecting the future for the city of Nanjing. The winning design features three interconnected buildings linked by a sunken street, incorporating office, retail, and cultural spaces."
2. The Weekly show: JLL's construction outlook for 2020, and COVID-19's impact on sustainability (BD+C)
"The September 3 episode of BD+C's "The Weekly" is available for viewing on demand."
3. Turner Construction takes strong stand against racism (BD+C)
"Workers on jobs where Turner holds training usually stay home for a day while organizers prepare for the anti-bias program."
4. Hotels Get Past Awful Q2, But Demand May Not Rebound Until 2023 (Bisnow)
"The U.S. hospitality industry took a major drubbing during the second quarter of 2020, suffering its lowest occupancy levels since the Great Depression. The third quarter has seen improvement in U.S. hotel industry metrics, but it isn't clear yet how much lasting damage the pandemic-related recession has done, and a full recovery may be years from now."
5. Why Whole Foods is trying out a 'dark store' as part of its vision for the future of grocery shopping online (USA Today)
"There's no salad or coffee bar at the newest Whole Foods Market. The Amazon-owned grocery chain is officially opening its first permanent online-only store in Brooklyn, New York, to fulfill orders for grocery delivery, Whole Foods officials shared exclusively with USA TODAY on Tuesday. Like other retailers' online-only stores, also known as dark stores, the store will not be open to the public."
6. Rental Concessions on the Rise as Rent Market Softens (Zillow)
"The percentage of rental listings featuring concessions rose from 16.2% in February to 30.4% in July. Year-over-year rent growth has slowed from 3.9% to 1.2% over the same period."
Related Stories
Market Data | Nov 5, 2019
Construction and real estate industry deals in September 2019 total $21.7bn globally
In terms of number of deals, the sector saw a drop of 4.4% over the last 12-month average.
Market Data | Nov 4, 2019
Nonresidential construction spending rebounds slightly in September
Private nonresidential spending fell 0.3% on a monthly basis and is down 5.7% compared to the same time last year.
Market Data | Nov 1, 2019
GDP growth expands despite reduction in nonresident investment
The annual rate for nonresidential fixed investment in structures declined 15.3% in the third quarter.
Market Data | Oct 24, 2019
Architecture Billings Index downturn moderates as challenging conditions continue
The Architecture Billings Index (ABI) score in September is 49.7.
Market Data | Oct 23, 2019
ABC’s Construction Backlog Indicator rebounds in August
The primary issue for most contractors is not a lack of demand, but an ongoing and worsening shortage of skilled workers available to meet contractual requirements.
Multifamily Housing | Oct 16, 2019
A new study wonders how many retiring adults will be able to afford housing
Harvard’s Joint Center for Housing Studies focuses on growing income disparities among people 50 or older.
Market Data | Oct 9, 2019
Two ULI reports foresee a solid real estate market through 2021
Market watchers, though, caution about a “surfeit” of investment creating a bubble.
Market Data | Oct 4, 2019
Global construction output growth will decline to 2.7% in 2019
It will be the slowest pace of growth in a decade, according to GlobalData.
Market Data | Oct 2, 2019
Spending on nonresidential construction takes a step back in August
Office, healthcare, and public safety are among the fastest-growing sectors, according to the U.S. Census Bureau's latest report.
Market Data | Sep 27, 2019
The global hotel construction pipeline ascends to new record highs
With the exception of Latin America, all regions of the globe either continued to set record high pipeline counts or have already settled into topping-out formations amidst concerns of a worldwide economic slowdown.