How Construction Firms Plan To Build
The Labor Pool, Improve Productivity
Construction companies are hammering out fixes to the labor shortage. Firms are planning to raise pay, implement more training and increase on-the-job safety standards to make construction more attractive to younger workers, according to a recent survey from Teletrac Navman.
The construction market has been suffering from a labor shortage exacerbated by aging baby boomers who are retiring, leaving a void that millennials are not overwhelmingly interested in filling.
Construction in every sector is ramping up. Yardi Matrix research shows…
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Waiting On The Correction? It May Have Already Happened
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Land Near Laney's College In Play For Oakland A's New Ballpark
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As CRE Tech Catches Fire, Cybersecurity Adoption Is A Must
As smart cities begin to expand, it is becoming essential that real estate developers and investors keep cybersecurity top of mind. Smart buildings can improve building and tenant efficiency, but can also leave company and tenant information vulnerable to attacks.
Last week, Equifax came clean about a cyberattack that compromised millions of Americans as well as an untold number of people in Canada. Names, birth dates, Social Security numbers, addresses and driver's license numbers are among the potentially leaked information that could serve to negatively affect Americans for months or years to come. While the breach has caused uncertainty among the general population, it has also shed light once again on the possible ramifications of hacks in the commercial real estate industry if companies do not invest in cybersecurity tech.
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AI Valuation Forecasting Firm Bags $31M Funding, Including Backing From Penny Pritzker
A U.S. firm that uses machine learning to forecast home valuation movements and reduce appraisal times has raised $31M of funding, including capital from investor and former U.S. Commerce Secretary Penny Pritzker.
“We don't see the level of risk in the system that was there in the past,” he said. “Interest rates are very low. Some of the major jobs markets like New York or San Francisco are becoming less affordable and that is meaning demand is spreading out to the secondary or tertiary markets. I would say we are mid-cycle rather than late cycle.”
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