As state agencies wait on a possible infrastructure bill from the Biden administration, many are better prepared than they were a decade ago to manage hundreds of billions of dollars in new work. The Federal Highway Administration incentivized state DOTs to...
Wind Energy, Tall Buildings and Manufacturing Show Breadth and Strength of Midwest’s Top Starts
The Top Starts ranking lists the 100 largest projects to break ground in the Midwest in 2018 in terms of construction cost. The projects reflect a total investment of $30.9 billion. The data was compiled by Dodge Data and Analytics and other ENR sources from our...
Nissan plans $41 million crash test facility, 25 new jobs in Farmington Hills
Nissan North America Inc. is looking to add a $41 million crash test facility to its tech center in Farmington Hills in a move that would create 25 jobs. The Japanese automaker is in the "final stages of internal review" for the potential project at its Technical...
USGBC receives funding for LEED for Cities and Communities Program
The U.S. Green Building Council (USGBC) received a new $500,000 grant from Bank of America to support the LEED for Cities and Communities Program. The money will be used to support LEED certification of 15 U.S. cities and communities. The grant provides financial...
Land Deals, Incentives OK’d for New Auto Plant in Detroit
Fiat Chrysler can move forward with plans to build a new, $1.6 billion assembly plant in Detroit and invest $900 million to retool and modernize another. Land deals and community benefits agreements tied to the project were approved Tuesday by the Detroit City...
Land Deals, Incentives OK’d for New Auto Plant in Detroit
Fiat Chrysler can move forward with plans to build a new, $1.6 billion assembly plant in Detroit and invest $900 million to retool and modernize another. Land deals and community benefits agreements tied to the project were approved Tuesday by the Detroit City...
Multifamily, Industrial Are CRE Bright Spots, Economist Says
Commercial real estate prices should even out by 2020, according to the chief economist of the National Association of Realtors. Dr. Lawrence Yun was one of the speakers at the commercial economic issues and trends forum at the Realtors Legislative Meetings &...
Multifamily, Industrial Are CRE Bright Spots, Economist Says
Commercial real estate prices should even out by 2020, according to the chief economist of the National Association of Realtors. Dr. Lawrence Yun was one of the speakers at the commercial economic issues and trends forum at the Realtors Legislative Meetings &...
Four Ways Food will Change Retail Real Estate
Americans remain hungry for even more food-and-beverage options, but the industry’s strong growth also brings challenges for restaurateurs, grocers, and their landlords who must monitor and adapt to ever-shifting demographics. It’s easy to see why the...
Modular Construction Use Is ‘Booming’ in Commercial Building
Commercial real estate experts forecast increasing demand for modular construction in the healthcare, industrial, education and multifamily sectors. “If modular goes mainstream, more manufacturing facilities will be needed to meet the demand for modular buildings,”...
Industrial Vacancy Falls to Lowest in 18 Years
The super-strong market for local warehouse space continues to gain momentum, with the Chicago-area industrial vacancy rate dropping for the sixth straight quarter. The local vacancy rate fell to 6.30 percent in the first quarter, down from 6.34 percent at the end of...
Industrial Vacancy Falls to Lowest in 18 Years
The super-strong market for local warehouse space continues to gain momentum, with the Chicago-area industrial vacancy rate dropping for the sixth straight quarter. The local vacancy rate fell to 6.30 percent in the first quarter, down from 6.34 percent at the end of...
Investors Go After Industrial Assets in Secondary Markets
Strong economic and population growth in secondary markets is leading to increased investment in industrial real estate in those areas, according to industry experts. While institutional investors are targeting secondary markets for office acquisitions, investments in...
Nine Takeaways from ULI’s Economic and CRE Forecast
At Urban Land Institute’s webinar “Is 2019 the Pivot Point for the Economy and Real Estate?” which took place earlier this week, four industry experts discussed the organization’s three-year forecast (2019 – 2021) for the U.S. economy and commercial real estate...
Industrial Property Owners Increasingly Go After Value-Add Projects
As REITs and other landlords continue to reap the rewards of the red-hot industrial sector, they’re going beyond ground-up development to satisfy the growing appetite for space. Several industrial REITs, for instance, are coupling traditional development activity with...
Industrial CRE Yield Compression Continues Globally
The global investment community’s strong attraction to the industrial real estate sector continues unabated and the numbers tell the story in CBRE’s new report, 2019 Global Industrial & Logistics Prime Yields. CBRE analyzed 63 markets across the globe and found...
Industrial CRE Yield Compression Continues Globally
The global investment community’s strong attraction to the industrial real estate sector continues unabated and the numbers tell the story in CBRE’s new report, 2019 Global Industrial & Logistics Prime Yields. CBRE analyzed 63 markets across the globe and found...
Foreign Investors Continue to Prefer Industrial Assets, Latest AFIRE Survey Reveals
Once again in 2019, foreign investors in U.S. commercial real estate indicated they would most like to increase their allocations to industrial properties, according to this year’s survey by the Association of Foreign Real Estate Professionals (AFIRE), an...
Foreign Investors Continue to Prefer Industrial Assets, Latest AFIRE Survey Reveals
Once again in 2019, foreign investors in U.S. commercial real estate indicated they would most like to increase their allocations to industrial properties, according to this year’s survey by the Association of Foreign Real Estate Professionals (AFIRE), an...
E-commerce Driving US Warehouse Construction
E-commerce has changed how Americans shop and, according to a recent report from Dodge Data & Analytics, it’s also changing the way the construction industry builds. Warehouses are being built with greater frequency, but they’re also getting bigger. The total...
San Diego, Third Largest Life Science Market in US
San Diego is the third largest life science market in the country. From 2006 to 2016, San Diego’s life science employment has increased to 13.5%, nearly double than the national average of 6.9%, according to research from CBRE. The market is poised for more growth...
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