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
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
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
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
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.
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