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September 28, 2020

Lawsuits, Morphing Master Plan Part Of CIM Group's Gulch Reality

CIM Group is making alterations to the blueprint that will ultimately guide the redevelopment of the Gulch property in Downtown Atlanta.

But any work on what now is a sea of asphalt and railroad tracks is on hold until Los Angeles-based CIM's legal fight over a portion of a city-approved incentive package is resolved in the courts.

CIM Group Changes Tack On Gulch Master Plan

“Until the bonds are validated, there are some significant limitations on what can be done,” Atlanta Deputy Chief Operating Officer Jon Keen said during the Aug. 26 meeting of the Atlanta City Council's finance/executive committee.The incentive package, the largest ever approved by the city for a single private…

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Thyssenkrupp Downsizing Headquarters At The Battery

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Thyssenkrupp Elevator Americas is reducing the size of its headquarters before it even moves in.The elevator maker will occupy less of the North American headquarters it is building at The Battery Atlanta than previously planned, company spokesperson Dennis Van Milligen told Bisnow in an email.Thyssenkrupp 

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Airport Retailers, Facing Painful Long-Haul Recovery, Contemplate Changing Business Model

The airport industry is facing a lengthening runway to recovery.

Passenger traffic is averaging between 50% and 75% below normal levels across U.S. airports. That's an improvement from the early days of the coronavirus pandemic, but now that peak summer travel season is over, traffic volumes are expected to drop off even further in the fall and winter months.

That is hitting retailers and restaurateurs in airports hard. The airport concessionaire industry estimates it could lose $3.4B, or more than three years' worth of profits, by the end of 2021.

Forecasts for full recovery extend as far as three to four years out, prompting airport concessionaires to seriously think about whether the entire business model needs to be overhauled.

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Hotter Than Ever, Construction Tech Still Has Plenty Of Flaws, Experts Say
 

Building information modeling, or BIM, and other construction technologies have only grown in importance to developers, architects and contractors amid the coronavirus pandemic.

But the construction industry's adoption of new construction tech isn't without its speed bumps, panelists said during Bisnow's BIM and future of construction and development webinar.

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