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 | Jan 12, 2017
73% of construction firms plan to expand their payrolls in 2017
However, many firms remain worried about the availability of qualified workers.
Market Data | Jan 9, 2017
Trump market impact prompts surge in optimism for U.S. engineering firm leaders
The boost in firm leader optimism extends across almost the entire engineering marketplace.
Market Data | Jan 5, 2017
Nonresidential spending thrives in strong November spending report
Many construction firms have reported that they remain busy but have become concerned that work could dry up in certain markets in 2017 or 2018, says Anirban Basu, ABC Chief Economist.
Market Data | Dec 21, 2016
Architecture Billings Index up slightly in November
New design contracts also return to positive levels, signifying future growth in construction activity.
Market Data | Dec 21, 2016
Will housing adjust to an aging population?
New Joint Center report projects 66% increase in senior heads of households by 2035.
Market Data | Dec 13, 2016
ABC predicts modest growth for 2017 nonresidential construction sector; warns of vulnerability for contractor
“The U.S. economy continues to expand amid a weak global economy and, despite risks to the construction industry, nonresidential spending should expand 3.5 percent in 2017,” says ABC Chief Economist Anirban Basu.
Market Data | Dec 2, 2016
Nonresidential construction spending gains momentum
Nonresidential spending is now 2.6 percent higher than at the same time one year ago.
Market Data | Nov 30, 2016
Marcum Commercial Construction Index reports industry outlook has shifted; more change expected
Overall nonresidential construction spending in September totaled $690.5 billion, down a slight 0.7 percent from a year earlier.
Industry Research | Nov 30, 2016
Multifamily millennials: Here is what millennial renters want in 2017
It’s all about technology and convenience when it comes to the things millennial renters value most in a multifamily facility.
Market Data | Nov 29, 2016
It’s not just traditional infrastructure that requires investment
A national survey finds strong support for essential community buildings.