1. SOM-designed waterfront neighborhood will include 1,045-foot-tall tower (BD+C)Â
"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)Â
"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)Â
"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)Â
"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
Market Data | Jul 5, 2023
Nonresidential construction spending decreased in May, its first drop in nearly a year
National nonresidential construction spending decreased 0.2% in May, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.06 trillion.
Apartments | Jun 27, 2023
Average U.S. apartment rent reached all-time high in May, at $1,716
Multifamily rents continued to increase through the first half of 2023, despite challenges for the sector and continuing economic uncertainty. But job growth has remained robust and new households keep forming, creating apartment demand and ongoing rent growth. The average U.S. apartment rent reached an all-time high of $1,716 in May.
Industry Research | Jun 15, 2023
Exurbs and emerging suburbs having fastest population growth, says Cushman & Wakefield
Recently released county and metro-level population growth data by the U.S. Census Bureau shows that the fastest growing areas are found in exurbs and emerging suburbs.Â
Contractors | Jun 13, 2023
The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of May 2023
Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 months in May, according to an ABC member survey conducted May 20 to June 7. The reading is 0.1 months lower than in May 2022. Backlog in the infrastructure category ticked up again and has now returned to May 2022 levels. On a regional basis, backlog increased in every region but the Northeast.
Industry Research | Jun 13, 2023
Two new surveys track how the construction industry, in the U.S. and globally, is navigating market disruption and volatility
The surveys, conducted by XYZ Reality and KPMG International, found greater willingness to embrace technology, workplace diversity, and ESG precepts.
| Jun 5, 2023
Communication is the key to AEC firms’ mental health programs and training
The core of recent awareness efforts—and their greatest challenge—is getting workers to come forward and share stories.
Contractors | May 24, 2023
The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of April 2023
Contractor backlogs climbed slightly in April, from a seven-month low the previous month, according to Associated Builders and Contractors.
Multifamily Housing | May 23, 2023
One out of three office buildings in largest U.S. cities are suitable for residential conversion
Roughly one in three office buildings in the largest U.S. cities are well suited to be converted to multifamily residential properties, according to a study by global real estate firm Avison Young. Some 6,206 buildings across 10 U.S. cities present viable opportunities for conversion to residential use.
Industry Research | May 22, 2023
2023 High Growth Study shares tips for finding success in uncertain times
Lee Frederiksen, Managing Partner, Hinge, reveals key takeaways from the firm's recent High Growth study.Â
Multifamily Housing | May 8, 2023
The average multifamily rent was $1,709 in April 2023, up for the second straight month
Despite economic headwinds, the multifamily housing market continues to demonstrate resilience, according to a new Yardi Matrix report.Â
