Residential Building: Page 2
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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 -
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 Sebastian Obando • May 18, 2023 -
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 -
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 -
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 Matthew Thibault • May 3, 2023 -
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 -
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 Sebastian Obando • May 1, 2023 -
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 -
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 -
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 Zachary Phillips • April 26, 2023 -
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 Joe Bousquin • April 25, 2023 -
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 -
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 -
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 -
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 -
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 -
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 -
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 Zachary Phillips • March 23, 2023 -
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 -
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 -
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 Sebastian Obando • March 16, 2023 -
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 -
‘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 Sebastian Obando • March 7, 2023 -
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 Joe Bousquin • Feb. 22, 2023 -
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 Sebastian Obando • Feb. 16, 2023