1. SOM-designed waterfront neighborhood will include 1,045-foot-tall tower (BD+C)
"Designed by SOM, the new neighborhood will feature a robust transportation hub that offers connections to land, sea, and rail across more than 40 acres; five modular canopies that envelop three sides of a 1.8 million-sf port, weaving together a landscape of towers behind it and creating a series of covered pedestrian alleyways; a retail environment; and interlinked courtyards along the waterfront promenade."
2. A new portable restroom is designed for mobility (BD+C)
"In the annals of jobsite productivity, the portable restroom—better known as a porta potty or Porta John—has played a prominent, if underappreciated, role."
3. Intl. Code Council aims to stay ahead of new tech, efficiency trends, and resiliency (ICC)
"The group is paying particular attention to housing resiliency in light of the growing threat of climate change. Codes can address the intersection of resilience and sustainability, such as enabling people to stay in their homes longer in the event of power outages during extreme hot or cold weather."
4. Architectural billings in August still show little sign of improvement (AIA)
"The pace of decline during August remained at about the same level as in July and June."
5. Landlords and tenants can agree on one thing: The multifamily industry needs rental assistance (Bisnow)
"After the “skinny” relief bill proposed by Republicans failed in a vote on the Senate floor on Thursday, there is no clear path to a meaningful economic stimulus package before Election Day."
6. Ikea is trying to follow in the footsteps of Sears Roebuck in building its own mixed-use centers (National Real Estate Investor)
"The retailer’s shopping center arm just bought a building in downtown San Francisco. It’s on the lookout for more of the same."
Related Stories
Apartments | Aug 22, 2023
Key takeaways from RCLCO's 2023 apartment renter preferences study
Gregg Logan, Managing Director of real estate consulting firm RCLCO, reveals the highlights of RCLCO's new research study, “2023 Rental Consumer Preferences Report.” Logan speaks with BD+C's Robert Cassidy.
Market Data | Aug 18, 2023
Construction soldiers on, despite rising materials and labor costs
Quarterly analyses from Skanska, Mortenson, and Gordian show nonresidential building still subject to materials and labor volatility, and regional disparities.
Apartments | Aug 14, 2023
Yardi Matrix updates near-term multifamily supply forecast
The multifamily housing supply could increase by up to nearly 7% by the end of 2023, states the latest Multifamily Supply Forecast from Yardi Matrix.
Hotel Facilities | Aug 2, 2023
Top 5 markets for hotel construction
According to the United States Construction Pipeline Trend Report by Lodging Econometrics (LE) for Q2 2023, the five markets with the largest hotel construction pipelines are Dallas with a record-high 184 projects/21,501 rooms, Atlanta with 141 projects/17,993 rooms, Phoenix with 119 projects/16,107 rooms, Nashville with 116 projects/15,346 rooms, and Los Angeles with 112 projects/17,797 rooms.
Market Data | Aug 1, 2023
Nonresidential construction spending increases slightly in June
National nonresidential construction spending increased 0.1% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. Spending is up 18% over the past 12 months. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.07 trillion in June.
Hotel Facilities | Jul 27, 2023
U.S. hotel construction pipeline remains steady with 5,572 projects in the works
The hotel construction pipeline grew incrementally in Q2 2023 as developers and franchise companies push through short-term challenges while envisioning long-term prospects, according to Lodging Econometrics.
Hotel Facilities | Jul 26, 2023
Hospitality building construction costs for 2023
Data from Gordian breaks down the average cost per square foot for 15-story hotels, restaurants, fast food restaurants, and movie theaters across 10 U.S. cities: Boston, Chicago, Las Vegas, Los Angeles, Miami, New Orleans, New York, Phoenix, Seattle, and Washington, D.C.
Market Data | Jul 24, 2023
Leading economists call for 2% increase in building construction spending in 2024
Following a 19.7% surge in spending for commercial, institutional, and industrial buildings in 2023, leading construction industry economists expect spending growth to come back to earth in 2024, according to the July 2023 AIA Consensus Construction Forecast Panel.
Contractors | Jul 13, 2023
Construction input prices remain unchanged in June, inflation slowing
Construction input prices remained unchanged in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices were also unchanged for the month.
Contractors | Jul 11, 2023
The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of June 2023
Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 months in June 2023, according to an ABC member survey conducted June 20 to July 5. The reading is unchanged from June 2022.