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 than 30%...
Amid rising COVID cases and looming lockdowns, my fellow New Yorkers should take heart — because we will have a greater city to look forward to once this pandemic’s over. Although the flight from the Big Apple, increasing crime, and possible MTA cuts are dominating...
The first new luxury retirement community in New York City in 20 years has opened its doors. The Watermark at Brooklyn Heights is a joint venture of Kayne Anderson Real Estate, Watermark Retirement Communities and Tishman Speyer. A lending consortium that included...
The “15-minute city” concept, sprung from academia, is gaining influence in many cities. The model aims to create neighborhoods in which almost all residents’ needs can be met within 15 minutes of their homes on foot, by bike, or on public transit. Under this vision,...
In commercial real estate, the impact of the coronavirus pandemic and related shutdowns has led to profound and seismic shifts. To some extent, those shifts reflect an acceleration of trends that were already underway. One of the most noteworthy of those is the...
Dive Brief: A new study points to how office design and construction will evolve as a result of the coronavirus pandemic. The research from architecture firm Leo A Daly found that in coming months and years, more office tenants will require flexible workspaces. The...
The developer TPA Residential recently selected McShane Construction to build Woodward Crossing, a Class-A, 265-unit apartment complex on 7.8 acres in Buford, Ga. The apartments would be inside two buildings, four and five stories, designed by the architecture firm...
Amazon has closed on a warehouse lease at Thor Equities’ industrial development in Red Hook, Commercial Observer has learned. The e-commerce giant signed a 20-year lease for 311,796 square feet at 280 Richards Street, an industrial development on the Brooklyn...
Chick-fil-A has introduced a modular building program that will reimagine the way the brand rebuilds and remodels its existing restaurants. By building portions of restaurants offsite and then shipping them to the construction site, Chick-fil-A will be able to reduce...
The environmental argument for banning gas appliances from new construction projects often centers on reducing greenhouse gas emissions, but another justification is to improve indoor air quality. Indeed, cooking on a gas stove releases nitrogen dioxide (NO2) and...
New York (CNN Business) Burger King, Popeyes, and Tim Hortons are getting new drive-thrus to boost sales in the coronavirus age. Restaurant Brands International, which owns the three brands, said Tuesday that it is planning to modernize and speed up the drive-thru...
(Bloomberg)—Hotel companies are going to new lengths to get guests through the doors in a bid to salvage a historically bad year for the industry. More than 2,000 hotels in the Marriott International Inc. system will begin allowing guests to check in at 6 a.m. and...
That’s a lot of doughnuts DealBook’s Lauren Hirsch broke the news yesterday: Dunkin’ Brands is close to a $8.8 billion deal to sell itself to Inspire Brands, the restaurant operator backed by the investment firm Roark Capital. A deal could be announced as soon as...
As COVID-19 accelerates the decline of department stores and traditional apparel brands, some New York City landlords and brokers are facing the question of what to do with the cavernous, mostly windowless blocks of space that were once major shopping hubs. That...
WHAT MAKES THE ROLE OF LIBRARIES UNIQUE DURING THIS TIME OF SOCIAL DISTANCING? Libraries always have been asked to do a great deal to serve the public and a wide variety of people—from balancing traditional print media with high-tech services, to serving as a quiet...
In rural Iowa, just one of the 875 students on Cornell College’s campus has tested positive for the coronavirus this semester. At Amherst College in Massachusetts, the number of undergraduate virus cases has been a bit higher: three. And Colby College’s rigorous...
The first rendering of the National Medal of Honor Museum, which will be located in Arlington, Texas, has been unveiled. Charlotte Jones, the National Medal of Honor Museum Foundation (NMOHMF) Chairman of the Board and Dallas Cowboys Executive Vice President, National...
Created by Dr. Matyas Gutai of Loughborough University, the water-filled glass (WFG) system uses water to heat and cool structures in an attempt to reduce building energy use. WFG utilizes a sheet of water trapped between a panel of glass. The system involves...
Increased public awareness of the hazards posed by indoor pollutants has raised tenant expectations for healthy indoor air. In response, builders, owners and managers of multi-family housing are installing healthy air systems for individual units as a means of both...
Swedish retail giant Ikea, known for its inexpensive, modern, hard-to-assemble furniture, traditionally doesn’t target urban cores. Instead, it typically builds its warehouse-style stores, averaging 320,000 sq ft., in suburban areas. Now, the Ingka Centres shopping...
Technology has always been about being smarter, but it wasn’t until 1995 that the word “smart” was seamlessly attached to an individual piece of technology - the smartphone. (And we do mean seamlessly – today, “smartphone” is almost always written as one word.) From...
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