Residential Building: Page 2

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    Tim Boyle via Getty Images
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    Visionary apartment owner Sam Zell dies at 81

    Multifamily leaders share memories of the real estate trailblazer known as “the grave dancer” for his ability to revive struggling properties.

    By Leslie Shaver • May 19, 2023
  • rendering of Project Beacon
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    Courtesy of Mutual of Omaha
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    Manufacturing starts, construction’s safety blanket, slump 68%

    Despite the pullback, Dodge’s chief economist maintains underlying trends point to a “very healthy sector.”

    By • May 18, 2023
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    -slav- via Getty Images
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    Bank failures put squeeze on construction loans

    The lending environment, which has grown more treacherous over recent weeks, could dampen new multifamily starts by as much as 60%, according to one executive.

    By Leslie Shaver • May 9, 2023
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    fstop123 via Getty Images
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    The top 10 residential builders of 2023

    Powerhouse names in single-family homes — including D.R. Horton at No. 1 — are pushing further into build to rent.

    By Mary Salmonsen • May 4, 2023
  • A large, convex-shaped apartment building is in the focus and foreground.
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    Permission granted by Jason O'Rear
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    Project Milestones

    Gilbane completes convex-shaped mixed-use project in LA

    With a lens-like design, the $125 million development will feature 10 levels of apartments and luxury amenities.

    By • May 3, 2023
  • A panoramic shot in New York City shows construction cranes dotting the skyline.
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    Alex Potemkin/E+ via Getty Images
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    First state law banning gas in new buildings likely to pass in New York

    Environmental and social justice advocates worry it will include a “poison pill” provision backed by the oil and gas industry.

    By Ysabelle Kempe • May 1, 2023
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    Permission granted by Volumetric Building Companies
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    Katerra factory buyer sees affordable housing uptick

    Vaughan Buckley, CEO at Volumetric Building Companies, said amid widespread finance jitters, there is more funding stability in the sector due to government grants.

    By • May 1, 2023
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    Kate Tornone/Construction Dive
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    DOL: Pennsylvania subcontractor will pay $384K in back wages, penalties for violating H-2B rules

    The agency said a swimming pool builder failed to pay H-2B workers at the required wage rate and for their travel to and from the worksite.

    By Laurel Kalser • April 27, 2023
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    Douglas Rissing via Getty Images
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    Report: Prepare for a debt ceiling crisis

    J.P. Morgan recommends building owners have a cushion and try to refinance to prepare for potential economic shockwaves over the U.S. debt limit.

    By Leslie Shaver • April 26, 2023
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    Courtesy of Lendlease/David Joshua Ford
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    Project Milestones

    Lendlease breaks ground on Brooklyn residential development

    As the Australian contractor starts its first for-rent multifamily complex in New York City, Google has hit pause on another of its major U.S. projects.

    By • April 26, 2023
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    Danielle Ternes/Construction Dive
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    Column

    The Dotted Line: How to craft contracts to avoid disputes and keep legal fees down

    Construction’s litigation claims and costs are among the highest of all industries. Here are strategies to keep damages in check.

    By • April 25, 2023
  • White apartments with palm trees and a road in the foreground.
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    Permission granted by Summit Contracting Group
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    The country’s top 25 apartment builders

    Summit Contracting Group topped the National Multifamily Housing Council’s ranking, reflecting the company's growth and an active period for the sector, said President Marc Padgett.

    By Leslie Shaver • April 19, 2023
  • A white building with two terraces flanking a room with large windows and white furniture.
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    Permission granted by Naftali Group/DBOX
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    Madison Avenue tower’s quadruplex penthouse sells for $67.8M

    The Bellemont, designed by Robert A.M. Stern Architects, comprises 11 sold-out units on New York’s Upper East Side.

    By Mary Salmonsen • April 17, 2023
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    Justin Sullivan via Getty Images
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    Deep Dive

    4 ways that recent banking failures will impact the multifamily sector

    After the collapse of Silicon Valley Bank and Signature, multifamily borrowers could face challenges finding construction debt and loans from smaller lenders.

    By Leslie Shaver • April 13, 2023
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    Permission granted by MdeAS Architects
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    NYC’s McGraw-Hill building slated for residential conversion

    The $100 million project will transform the office tower’s upper floors into 224 luxury residential units, among other improvements.

    By Mary Salmonsen • April 5, 2023
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    kali9/E+ via Getty Images
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    Uncertainty, lack of financing slow multifamily construction

    Material prices are also a problem for apartment developers, but they are growing at a much slower pace than a year ago, according to a new survey.

    By Mary Salmonsen • April 4, 2023
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    Permission granted by Liane Hentscher/HBO
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    Abandoned mall from ‘The Last of Us’ to gain new life as mixed-use destination

    Northland Village Mall in Calgary, Alberta, will be converted into an open-air shopping center and 229-unit multifamily development.

    By Mary Salmonsen • April 3, 2023
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    Vasil Dimitrov via Getty Images
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    Q&A

    Angie’s List co-founder: It doesn’t take a ‘tidal wave shift’ to tackle labor crisis

    Angie Hicks, chief customer officer of the home services review site now known as Angi, spoke to Construction Dive about the educational and cultural shifts that construction needs.

    By • March 23, 2023
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    Avosb via Getty Images
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    Defunct Katerra sues former CFO for bonus

    The failed Softbank-backed startup is alleging its former CFO is obligated to pay back his signing and relocation bonuses amid intensifying scrutiny of executive compensation.

    By Grace Noto • March 22, 2023
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    Justin Sullivan via Getty Images
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    Opinion

    Will banking woes drag down commercial real estate?

    Given the current economic climate, the dominant outlook is that things might get worse, but there is a silver lining, writes proptech executive David Bitton.

    By David Bitton • March 21, 2023
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    Justin Sullivan/Getty Images via Getty Images
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    Bank failures cause uncertainty for contractors

    The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.

    By • March 16, 2023
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    Permission granted by Bozzuto Construction
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    Q&A

    How multifamily builders are getting ahead of inflation

    Bozzuto Construction’s newly minted VP advocates for the use of 3D modeling tech to increase efficiency.

    By Mary Salmonsen • March 15, 2023
  • A panoramic shot in New York City shows construction cranes dotting the skyline.
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    Alex Potemkin/E+ via Getty Images
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    ‘We’re not going to have one’: AGC economist dismisses a 2023 recession

    A strong U.S. economy should fend off recession concerns this year, said Ken Simonson, chief economist for Associated General Contractors of America.

    By • March 7, 2023
  • A lone wheel barrow stands on an abandoned construction site.
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    wilpunt / iStock / Getty Images Plus via Getty Images
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    Construction starts plummet 27%

    The latest monthly numbers fell dramatically and were down 14% from a year ago, but market watchers say fundamentals are still strong.

    By • Feb. 22, 2023
  • Workers do concrete work in front of a home under construction on May 15, 2017 in Chicago, Illinois.
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    Scott Olson via Getty Images
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    Residential contractors see a rebound on the horizon

    Easing mortgage rates caused builder confidence to jump for the second consecutive month, according to the National Association of Home Builders.

    By • Feb. 16, 2023