News

Mixed use rotating towers are set to be built in Manhattan, New York

Mixed use rotating towers are set to be built in Manhattan, New York

02/11/16

Designed by Danish architectural company Bjarke Ingels Group at a total cost of $1.9 billion, The Eleventh will comprise of two towers situated between Manhattan’s 10th and 11th avenues. Real estate investment and development firm HFZ Capital Group is also involved in the project. The towers will be home to a new Six Senses Hotel Resort […]

What we know about New York’s One Vanderbilt skyscraper

What we know about New York’s One Vanderbilt skyscraper

02/11/16

A number of skyscrapers are currently under construction within New York in order to accommodate for the increased number of residents and increase employment opportunities within the capital. The One Vanderbilt skyscraper, situated opposite the Grand Central Terminalwill complete in 2020 and become the second tallest skyscraper within New York, reaching heights of 1,301ft, with a […]

U.S. manufacturing sector expanding, but risks remain

U.S. manufacturing sector expanding, but risks remain

02/11/16

U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views that the embattled manufacturing sector would regain some momentum in the fourth quarter. The Institute for Supply Management (ISM) on Tuesday said its index of national factory activity rose 0.4 percentage point to a reading […]

New York Construction Spending to Top Record as Towers Rise

New York Construction Spending to Top Record as Towers Rise

02/11/16

New York City construction spending is expected to climb 26 percent this year to a record, driven by a surge in development of offices and residential properties, according to a local trade organization. The New York Building Congress estimates spending will reach $43.1 billion, topping $40 billion for the first time and surpassing the peak […]

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, […]

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