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February 15, 2024

Construction Unions Face Fork In The Road: Shrink Or Seize The Moment

The country’s unionized construction workforce, largely consisting of workers whose march toward retirement shrinks the overall construction employment pool, has reached a record low at just 10.7%, according to a release from Associated Builders and Contractors, citing Bureau of Labor Statistics data. 

At the same time, unions in industries from auto manufacturing to Hollywood have notched wins in the past year, and provisions in the Inflation Reduction Act and Infrastructure Law give unions more favorable terrain to expand membership. 

“This is the best shot the unions have had in decades,” said Joshua Freeman, a Queens College, City University of New York history professor. “There’s low unemployment, a sympathetic administration, an infrastructure ramp and sympathetic public attitudes. Lots of things are going in the right direction for unions.”

Construction Unions Face Fork In The Road: Shrink Or Seize The Moment

A reversal of fortune can’t come soon enough if unions want to boost their numbers. The size of the union workforce and its ability to scale up is especially important given the key role it is set to play in the Biden administration’s investment in a green transition. The IRA…

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Legendary Broker Bob Knakal Out At JLL

Bob Knakal, the legendary New York commercial real estate broker, is no longer working at JLL after six years with the Chicago-based firm.

Legendary Broker Bob Knakal Out At JLL

The news was first reported by independent real estate journalist Hiten Samtani, and Bisnow confirmed Knakal's departure via a source with knowledge. Knakal, who was the head of the New York Private Capital Group at JLL, declined to comment to Bisnow when reached by phone Wednesday afternoon. He posted on LinkedIn and…

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For Bisnow Client Success Manager Maggie Flynn, Juggling A Variety Of CRE Markets Is A No-Brainer

PRESENTED BY:   Bisnow
 
For Bisnow Client Success Manager Maggie Flynn, Juggling A Variety Of CRE Markets Is A No-Brainer

Working in several different CRE markets and getting to the core of what each Bisnow client needs can be a complex balancing act. However, Bisnow Client Success Manager Maggie Flynn has a background that makes her uniquely suited for the challenge. Flynn started at Bisnow as a delivery manager in both…

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Master-Planned Communities Can Help Solve DFW's Housing Crisis — But Only With Public Buy-In

Master-Planned Communities Can Help Solve DFW's Housing Crisis — But Only With Public Buy-In  

For years, thousands of acres on the Trinity River in North Arlington sat vacant. Despite being located at the center of the Metroplex, countless developers passed on the site because of the prohibitive cost of development and the low incomes of nearby households.

It wasn’t until 2006, when a joint venture between CrossHarbor Capital Partners and Huffines Communities purchased the land, that its fortunes began to change. Through an innovative partnership with the city and county and a unique layering of special financing mechanisms, the companies were able to turn the land into a thriving master-planned community

Today, the Viridian development holds more than $2B in value and generates $40M in annual tax revenues.

“Without the public-private, that property would be an opportunistic landfill and four-wheeler heaven,” The Nehemiah Co. President Robert Kembel, who served as head of development for Huffines at the time of the acquisition, said during a Bisnow event held Tuesday at The Westin Galleria Dallas. “Now it’s…

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