1. Abandoned 15-story high-rise becomes mixed-use luxury apartment building (BD+C)
"After being abandoned in 2009, GSP Development purchased the building and tasked Kimmich Smith Architecture and McShane Construction Company with redeveloping the structure into a Class A multi-family residence."
2. J. Small Investments, Lyda Hill Philanthropies have unveiled plans for a 23-acre mixed-use development in Dallas (BD+C)
"The North Texas Biotech Hub is a key component of Pegasus Park. The envisioned Biotech Hub will offer approximately 37,000 sf of premium, flexible lab, training, and office spaces dedicated to life science innovation. The project will provide tenant-driven services and cost-effective month-to-month leases for science and tech entrepreneurs."
3. N.Y. construction firm to pay $1.5 million to settle sexual harassment claim (BD+C)
"According to a report in the New York Post, Trade Off is a “body shop,” providing predominantly black and Latino construction laborers to large firms. Many of its employees are formerly incarcerated New Yorkers who must remain employed as a condition of their parole."
4. 'Tax us. Tax us. Tax us.' 83 millionaires signed letter asking for higher taxes on the super-rich to pay for COVID-19 recoveries (Business Insider via National Real Estate Investor)
“A group of 83 millionaires are pleading in an open letter to be taxed more in order to pay for the damage COVID-19 had caused to economies around the world.”
5. Researchers are developing anti-coronavirus tech suitable for buildings (Bisnow)
"Early in the coronavirus pandemic, inventors and entrepreneurs devised various simple tools to help people occupy space more safely, such as a hook to open doors hands-free and a bracelet that tells users when they have touched their faces."
6. Coworking Outlook Positive, JLL Finds (Commercial Property Executive)
"The fallout from COVID-19 will pave the way for the sector's rebirth as a multifaceted office offering."
7. How Retail Leases Will Change in a Post-COVID World (GlobeSt.)
"We talk to a Cox, Castle & Nicholson partner about the retail lease provisions that will change as a result of the coronavirus pandemic."
Related Stories
Market Data | Nov 2, 2020
Nonresidential construction spending declines further in September
Among the sixteen nonresidential subcategories, thirteen were down on a monthly basis.
Market Data | Nov 2, 2020
A white paper assesses seniors’ access to livable communities
The Joint Center for Housing Studies and AARP’s Public Policy Institute connect livability with income, race, and housing costs.
Market Data | Nov 2, 2020
More contractors report canceled projects than starts, survey finds
Construction employment declined in most metros in latest 12 months.
Multifamily Housing | Oct 30, 2020
The Weekly show: Multifamily security tips, the state of construction industry research, and AGC's market update
BD+C editors speak with experts from AGC, Charles Pankow Foundation, and Silva Consultants on the October 29 episode of "The Weekly." The episode is available for viewing on demand.
Hotel Facilities | Oct 27, 2020
Hotel construction pipeline dips 7% in Q3 2020
Hospitality developers continue to closely monitor the impact the coronavirus will have on travel demand, according to Lodging Econometrics.
Market Data | Oct 22, 2020
Multifamily’s long-term outlook rebounds to pre-covid levels in Q3
Slump was a short one for multifamily market as 3rd quarter proposal activity soars.
Market Data | Oct 21, 2020
Architectural billings slowdown moderated in September
AIA’s ABI score for September was 47.0 compared to 40.0 in August.
Market Data | Oct 21, 2020
Only eight states top February peak construction employment despite gains in 32 states last month
California and Vermont post worst losses since February as Virginia and South Dakota add the most.
Market Data | Oct 20, 2020
AIA releases updated contracts for multi-family residential and prototype residential projects
New resources provide insights into mitigating and managing risk on complex residential design and construction projects.
Market Data | Oct 20, 2020
Construction officials call on Trump and Biden to establish a nationwide vaccine distribution plan to avoid confusion and delays
Officials say nationwide plan should set clear distribution priorities.