“Stores are closing at an epic pace. In fact, the retail industry could suffer far more store closures this year than ever.” — CNN, 4/24/17
A recently introduced Senate bill would prohibit the use of taxpayer funds to construct sports stadiums for professional teams.
Senators Cory Booker, D-N.J., and James Lankford, R-Okla., are sponsoring the bill that would stop teams from using municipal bonds on stadium projects. Municipal bond interest is exempt from federal taxes.
Design services at architecture firms continue to project a healthy disposition on the construction industry as the Architecture Billings Index (ABI) recorded the fourth consecutive month of growth. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending.
Collegiate AC specializes in creating and operating luxury student accommodations throughout the United Kingdom. Shortly, Collegiate AC will be expanding its reach into Portugal and Spain, as well. The Marquês de Pombal, located in Lisbon, Portugal, will be the first overseas Collegiate AC location when it opens in January 2018.
The west coast states present a special challenge to builders. The area is seismically active and as such has complex building codes for California, Oregon, Washington, Alaska, and Idaho. Getting a project through plan review can be an unusually long process, anywhere from six months to two years.
The latest coliving phenomenon has spawned its share of startup businesses, all looking to cash in on the demand among younger workers for relatively inexpensive living quarters in urban job centers where affordable housing is scarce-to-nonexistent.
Immediately upon entering Mattress Firm’s new 130,000-sf BEDQuarters building, the fact that the company deals in mattresses is on full display. The statement lobby has a front desk decorated with bed coils, puffy, cloud-like pendants hang from the ceiling, and wayfinding signage inspired by the company’s Comfort by Color theme to direct visitors and team members alike.
The developer of a New Jersey condominium development and its architecture firm face a $10 million construction defect verdict in a case involving non-compliance with fire codes.
The Grandview I building on the Hudson River, developed by Hovnanian Enterprises’ subsidiary, K. Hovnanian and designed by RTKL New Jersey Architects, was alleged to have been built in a condition that was not compliant with fire codes. The plaintiff—the condominium association–alleges that the developer knew about the non-compliance and failed to disclose this fact with buyers.