New York City construction costs continue to climb

A study released by the New York Building Congress shows that construction costs in Manhattan have risen 5% in each of the last two years, GlobeSt.com reports.

This number is higher than the average construction cost hikes nationwide, which were 2.5% in 2013 and 3% in 2014.

Hospital construction is the most expensive, at $800-$950 per sf. Five-star hotels follow at $700-$800 per sf, and university buildings at $600-$850 per sf.

City construction company representatives are concerned that costs could continue to rise despite the recent plunge in oil prices, because essential trades such as curtain wall and cast-in-place concrete have been reported to be running out of capacity.

President of the New York Building Congress Richard T. Anderson says that the annual 5% increase rate should be a cause for concern to the city, even though a considerable portion of the recent increase in costs is the product of forces beyond the city's control. He called for the industry and government to look for ways to reduce the cost of construction and eliminate regulations and red tape, according to GlobeSt.com.

Attendees will be given an exclusive technical tour of Wrigley Field, led by Steven J. Jacobsen, CDP, who has been retained by the Chicago Cubs to create the business plan and high-level concepts to evaluate the feasibility of various renovation options for this iconic sports venue; and Carl Rice, Cubs’ Vice President, Baseball Operations.

Developed by the areas largest commercial landlord, Hysan, the project is the f

| Aug 21, 2012

Hong Kong’s first LEED Platinum pre-certified building opens

Environmentally-sensitive features have been incorporated, including reduced operational CO2 emissions, and providing occupiers with more choice in creating a suitable working environment.

Dwyn Taylor (eft), Vice President of Stellar, accepts an award at the ABC ceremo

| Aug 21, 2012

Stellar wins four ABC Excellence In Construction awards

ABC's Excellence In Construction program is the industry’s leading award competition, recognizing outstanding construction projects in a variety of categories.

Repairs to the George H.W. Bush Presidential Library and Museums 75,000-square-

| Aug 20, 2012

Protecting the artifacts at George H.W. Bush Presidential Library and Museum

Roof leaks threatened to damage artifacts and disturb a delicately controlled indoor environment at the George H.W. Bush Presidential Library and Museum.