Real estate news publisher GlobeSt. Real Estate Forum has selected the Evanston Court project in Pasadena as among the recipients of their Adapt Opportunity Zones Awards 2019, to be given at the GlobeSt.com Adapt: Opportunity Zones conference on September 16 and 17 in Baltimore, Maryland. The Evanston Court project is centered around the historic Evanston Inn
Want to get a jump-start on upcoming deals? Meet the major players at one of our upcoming national events! Construction cost hikes have been buffeting the commercial real estate industry especially vigorously since the last recession. In 2018 alone, U.S. construction costs rose 5.7% overall, according to Rider Levett Bucknall’s Q1 2019 North American
With $43 million on the line, Amr Raafat couldn’t afford to miss his target by even a single centimeter. In play was the setting of modular boxes at the $43 million development of Canvas, a 126-unit, two-building, mixed-use property in Beverly, Mass., built by Windover Construction, where Raafat serves as director of virtual design
The high cost of construction is exacerbating the housing crisis in California and other markets where there is a housing shortage. Last year, construction costs increased more than 5% in Los Angeles alone, and this year, many expect costs to continue to increase sharply as trade tensions rise. These costs are having a significant
The scene looked like an elector set made for Paul Bunyon himself. Cranes lifted and placed large, prefabricated timber components that were designed and crafted off-site to fit like puzzle pieces into their preordained positions in the skeleton of Brock Commons Tallwood House, in Vancouver, British Columbia. Although the build time on the 18-story
Industry experts are predicting that adaptive reuse is likely to be recognized as a distinct product category within commercial real estate by 2021. In preparation for our GlobeSt.ADAPT: OPPORTUNITY ZONES special feature and conference this month, GlobeSt. Real Estate Forum is putting a spotlight on the achievements of those who have had a hand in locating
Construction costs increased more than 5% last year, and they will likely climb again this year with pressure from tariffs and the ongoing labor shortage. Developers are looking for ways to curb costs in other ways to offset the rising prices. As construction costs continue to increase, developers can benefits from better pre-construction planning
Construction costs are continuing to climb. Last year alone, construction pricing increased 5.07%. Materials costs and a labor shortage are the main driver of the rising pricing, and they are likely to fuel another increase in costs this year. Read Article
With the landmark Decker House halved and moved to its new site, a long-awaited affordable housing it anchors broke ground earlier this week. The building will be the central element in a project dubbed Decker Court, which is the product of a collaboration between non-profit housing developer Heritage Housing Partners, the City of Pasadena,
RAAM Construction, a general building construction firm specializing in multifamily and historic preservation projects throughout California, has broken ground on the construction of two affordable townhome developments in Pasadena. The properties will consist of 16 two-story townhomes, nine at Decker Court and seven at Gill Court, with a shared driveway. Read Article
