Contractors Find New Ways to Cope With Elevated Lumber Prices

Although material price fluctuations have wreaked havoc on construction, labor has become the dominant source in driving costs, experts say. U.S. commercial and residential builders breathed a sigh of relief last month when softwood lumber prices dropped more ... (click to read more)

Start Prepping Now for the Next Normal in Construction

Construction is the largest global industry that accounts for 13% of global GDP. It encompasses infrastructure, industrial structures, and real estate and today many companies are adjusting their business models to embrace the next normal in construction. It ... (click to read more)

Bricks Return With Style in New High-End Buildings

Masonry is having a moment. Perhaps it’s a symptom of glass tower fatigue, perhaps it can be attributed to a desire for a building material that has warmth and texture. Or maybe it’s the hard pull of nostalgia. Around the city, in TriBeCa, Chelsea, ... (click to read more)

Louis Vuitton Store at Somerset Collection to Unveil Expansion Friday

The Louis Vuitton store at the Somerset Collection in Troy will unveil its newly expanded space on Friday, Oct. 15, which will feature women’s and men’s ready-to-wear, watches and jewelry, and a VIP room. The new space will join added selections of ... (click to read more)

Developer Targets Second Phase of West Village Neighborhood Development

Four years after opening the first $4 million phase of The Coe, a joint venture between Detroit-based developer Woodborn Partners LLC and Detroit-based North Coast Partners LLC has its eyes on a second phase next to it. The second phase would be ... (click to read more)

New Research Shows Design-Build Growth Continues Despite Market Challenges

When researchers at FMI Corporation first looked at design-build utilization in 2018, the news confirmed what many in the industry knew first-hand, design-build wasn’t an “alternative delivery process” anymore. New market analysis ... (click to read more)

Downtown Detroit Synagogue to get $4.5 Million Renovation

The synagogue with colorful windows in Detroit’s Capitol Park neighborhood is expected to get a big renovation. The Isaac Agree Downtown Synagogue at 1445-1457 Griswold St. is targeted for an overhaul to every floor, including opening up the first-floor ... (click to read more)

Steel & Lumber Prices Raise Costs but Don’t Dent Robust Construction Pipeline

High demand and limited supply have led to dramatic increases in domestic steel and lumber prices this year, significantly increasing the cost of commercial real estate development. By early May, both steel and lumber prices had more than tripled since late ... (click to read more)