Archive for October, 2016

Construction in LA is booming...

Construction in LA is booming…

18/10/16

Construction in LA is booming and there is abundance of opportunity in the region due to the sheer number of largescale construction projects breaking ground or being approved recently. On top of this, construction for Multi-Family and Residential developments has been more than double that of 2015. LA Developers are on course to add approximately […]

Obama tells Bay Area to build more housing

Obama tells Bay Area to build more housing

18/10/16

Unable to secure more than two minutes in public comment, White House publishes paper instead Do these comments sound familiar? “Housing production has not been able to keep up with demand.” “Barriers to new development cause working families to be pushed out of the best opportunities.” “Zoning, regulation, and lengthy development approval have reduced the […]

Salesforce Tower now taller than Transamerica Pyramid [UPDATE: Not so fast...]

Salesforce Tower now taller than Transamerica Pyramid [UPDATE: Not so fast…]

18/10/16

The end of an era [UPDATE, 10/1/16: Not so fast. Helen Han, marketing director for developer Boston Properties, says their building is not yet as tall as all that. According to Han, the core of Salesforce Tower presently sits at just under 800 feet. Previously, Clark Construction’s field office admin at the site confirmed a […]

LA Rams stadium construction will ramp up soon

LA Rams stadium construction will ramp up soon

18/10/16

The digging would be “the most visible sign of progress” on the Rams stadium Pre-construction work (site preparation, infrastructure work) has been humming along for more than a year on the Inglewood site where a massive NFL stadium will eventually rise, but the real, dramatic work will get under way soon. The Los Angeles Times […]

Updated: 30-story condo tower headed for an LA Times lot

Updated: 30-story condo tower headed for an LA Times lot

18/10/16

Mixed use project will include 107 condos and 534,044 square feet of office space Just a week after completing the sale of the LA Times complex in Downtown LA, it appears that Tribune Co. is preparing to develop a lot just across the street. Plans were filed Tuesday for the construction of a new 30-story mixed use […]

LA developers on pace to build highest number of apartments in two decades

LA developers on pace to build highest number of apartments in two decades

18/10/16

More than 13,400 new units this year A new market analysis from real estate group Marcus and Millichap suggests that Los Angeles developers are on pace to add 13,430 new units to the multifamily rental market by the end of 2016. That total represents the quickest pace of development in two decades, the report says, […]

LA Council approves a massive overhaul at Paramount Studios

LA Council approves a massive overhaul at Paramount Studios

18/10/16

Nearly 1.4 million square feet of floor space and a 150-foot tower coming to the iconic studio Paramount Studios, the last major film studio based in Hollywood, is in for pretty thorough makeover after the Los Angeles City Council approved a plan Tuesday that will add nearly 1.4 million square feet of new floor space […]

New Looks at LaGuardia Airport's $4B, ‘21st-Century’ Revamp

New Looks at LaGuardia Airport’s $4B, ‘21st-Century’ Revamp

13/10/16

It’s official: Construction on LaGuardia Airport’s much-anticipated $4 billion revamp got underway today, with a groundbreaking that was attended by Governor Andrew Cuomo and Vice President Joe Biden. (Who, you’ll recall, sparked the whole thing by likening the experience of flying into LaGuardia to being in a third-world country—oh, Joe.) The renovation includes a complete […]

NYC’s first citywide ferry system is officially under construction

NYC’s first citywide ferry system is officially under construction

13/10/16

Construction work on the 19 vessels that will make up New York City’s first citywide ferry system has officially begun, announced Mayor Bill de Blasio along with the New York City Economic Development Corporation (NYCEDC) and ferry operator Hornblower. The 85-foot long boats are being constructed in two shipyards, one in Louisiana and the other […]

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