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 forecasting the next five years,...
Historic Brooklyn Hotel Reopens as Luxury Senior Community
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...
Mixed Retail-Industrial Uses Present a New Opportunity for Investors
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...
How Office Construction Will Change Post-Pandemic
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...
Detroit Company Helps High School Students Build Futures in Skilled Trades
Andrea Isom | ABC 7, WXYZ Detroit (WXYZ) — A company in Detroit is dedicated to giving young people an opportunity to build a foundation for their futures. The Sachse Construction Academy is offered to hundreds of high school students in the city. The academy's...
Uncertainty Shades a Once-Soaring Multifamily Construction Market
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...
Netflix Landlord in Bushwick Snaps Up Property Across Street
The investors who brought a Netflix soundstage to Brooklyn just picked up another property nearby — a sign that they could be eyeing an expansion for the popular production and streaming company. Joseph and Glenn Lostritto’s Steel Equities recently bought the large...
Amazon Signs Large Warehouse Lease in Red Hook
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 Introduces Modular Building Program for Rebuilding and Remodeling Existing Restaurants
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...
This is What the New Burger King and Popeyes Drive-Thrus Will Look Like
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...
K-12 Sector Adjusting to ‘New Priorities’
K-12 schools in Mississippi began reopening in late July. By August 13, 39 counties—half of that state’s total—had schools reporting positive coronavirus cases that included 109 teachers and 69 students. More than 250 teachers and staff and 489 students were...
Marriott Pitches Hotels to Remote Workers Fleeing Stress at Home
(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...
Why Dunkin’ Is Worth Nearly $9 Billion
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...
Big Box Bust: What Does the Future Hold for NYC’s Empty Department Stores?
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...
Self-Storage Sector Holds Up Amid the Pandemic
A confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the sector’s fortunes have stabilized. Though the majority of properties...
Envisioning Libraries as Community Hubs
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...
E-commerce Fuels Industrial’s Unstoppable Engine
Prologis, the world’s largest owner of commercial warehouses, estimates that e-commerce customers require 1.2 million square feet of distribution space to support each $1 billion in sales. That figure helps explain why leasing activity rebounded quickly after a...
Colleges Learn How to Suppress Coronavirus: Extensive Testing
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 Ins & Outs of Open Store Remodels
Retail stores – both big box and inline – typically experience a constant ebb and flow of customers seeking the latest trends, gathering household essentials, or stocking up for the season ahead. As retailers look to renovate their stores, the thought of closing their...
Healthy Air Systems Protect Builders and Owners
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...
Ikea Is Trying to Follow in the Footsteps of Sears Roebuck in Building its Own Mixed-Use Centers. What Are its Chances of Success?
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...
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