1. Miami Beach Convention Center renovation and expansion completes (BD+C)
"The project was designed with the goal of making Miami Beach Convention Center the most technologically-advanced center in the U.S. and to provide upgraded show needs and increase the potential for the city to market the center on an international basis. Achieving this goal involved complex renovations and replacements of virtually all the building’s electrical and mechanical operating systems."
2. Majority of contractors fear long-term business implications of COVID-19, according to Construction Executive survey (ABC)
"While many contractors have not yet seen drastic impacts to their business, as construction was in many areas considered an “essential” service, the long-term implications are concerning. Seventy percent of contractors did not expect the construction industry to stabilize until at least 2021, while an additional 10.4% say they believe it may never reach pre-pandemic levels."
3. Guidance offered for K-12 schools to support students with asthma (BD+C)
"The Center identified four primary categories where environmentally healthy purchasing can help reduce irritants and allergens that contribute to asthma. The guidance addresses cleaning products, filters, furniture, rugs, and markers and paints."
4. Hotter than ever, construction tech still has plenty of flaws, experts say (Bisnow)
"Building information modeling, or BIM, and other construction technologies have only grown in importance to developers, architects and contractors amid the coronavirus pandemic. But the construction industry's adoption of new construction tech isn't without its speed bumps, panelists said during Bisnow's BIM and future of construction and development webinar."
5. JPMorgan targets $700 million for residential-development fund (Bloomberg via National Real Estate Investor)
"The fund will seek to deliver annual returns of 13 to 15 percent after fees by developing single-family and multifamily rentals outside gateway markets."
Related Stories
Market Data | Oct 31, 2016
Nonresidential fixed investment expands again during solid third quarter
The acceleration in real GDP growth was driven by a combination of factors, including an upturn in exports, a smaller decrease in state and local government spending and an upturn in federal government spending, says ABC Chief Economist Anirban Basu.
Market Data | Oct 28, 2016
U.S. construction solid and stable in Q3 of 2016; Presidential election seen as influence on industry for 2017
Rider Levett Bucknall’s Third Quarter 2016 USA Construction Cost Report puts the complete spectrum of construction sectors and markets in perspective as it assesses the current state of the industry.
Industry Research | Oct 25, 2016
New HOK/CoreNet Global report explores impact of coworking on corporate real rstate
“Although coworking space makes up less than one percent of the world’s office space, it represents an important workforce trend and highlights the strong desire of today’s employees to have workplace choices, community and flexibility,” says Kay Sargent, Director of WorkPlace at HOK.
Market Data | Oct 24, 2016
New construction starts in 2017 to increase 5% to $713 billion
Dodge Outlook Report predicts moderate growth for most project types – single family housing, commercial and institutional building, and public works, while multifamily housing levels off and electric utilities/gas plants decline.
High-rise Construction | Oct 21, 2016
The world’s 100 tallest buildings: Which architects have designed the most?
Two firms stand well above the others when it comes to the number of tall buildings they have designed.
Market Data | Oct 19, 2016
Architecture Billings Index slips consecutive months for first time since 2012
“This recent backslide should act as a warning signal,” said AIA Chief Economist, Kermit Baker.
Market Data | Oct 11, 2016
Building design revenue topped $28 billion in 2015
Growing profitability at architecture firms has led to reinvestment and expansion
Market Data | Oct 4, 2016
Nonresidential spending slips in August
Public sector spending is declining faster than the private sector.
Industry Research | Oct 3, 2016
Structure Tone survey shows cost is still a major barrier to building green
Climate change, resilience and wellness are also growing concerns.
Industry Research | Sep 27, 2016
Sterling Risk Sentiment Index indicates risk exposure perception remains stable in construction industry
Nearly half (45%) of those polled say election year uncertainty has a negative effect on risk perception in the construction market.