Related's Fort Lauderdale Condos Highlight Construction Challenges For Florida Builders
When a crane crashed down mid-construction on the Auberge Beach Residences & Spa Fort Lauderdale during Hurricane Irma last fall, developer Related Group Vice President Patrick Campbell watched it happen. A downward thrust of wind, called a microburst, hit, and the crane began weather-vaning faster than usual.
“It collapsed on itself, and went through the sales center,” Campbell said.
Although it took about two and half weeks to get the crane out — per regulations, the Occupational Safety and Health Administration had to do an inspection and clear the job site — and the hurricane ultimately delayed the project about…
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Zaha Hadid's One Thousand Museum Tops Off In Miami
In 2016, architect Zaha Hadid, known as "Queen of the Curve" for her grand and swoopy building designs, had just come to inspect the work on One Thousand Museum, a tower in Downtown Miami, her first and only residential skyscraper…
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Florida's Credit Rating Unscathed After Hurricane Irma, Moody's Reports
Hurricane Irma pounded Florida last year, but the state's credit rating — Aa1/stable — was unscathed, Moody's Investor Services reported Feb. 8.
Moody's, an agency that rates bonds, said that Florida and Texas have “growing and increasingly diverse economies that…
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Why CRE C-Suites Could Stay Almost All White For At Least Another Generation
The C-suites at the largest firms in commercial real estate are starkly white, but industry experts say federal hiring laws can cause even the most ambitious diversity campaigns to take generations to show results.
Legal experts say it is more complicated than that, and people of color in the industry argue little, if any, progress has been made in recent years.
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Caught Between A Robot And A Cool Place
The impending tide of automation for many warehouse tasks is looming on the horizon and the competitive labor market conditions are causing industrial developers to make tough calls on how to design their buildings to attract workers.
As the industrial asset class soars with demand from population growth, a good economy and the advent of e-commerce, labor for industrial operations is in high demand. Tenants are asking developers to make industrial spaces more worker-friendly so they can compete for a dwindling number of workers in the labor pool.
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Development Data Startup Charts Nationwide Expansion
A D.C.-based commercial real estate data startup that tracks development projects has expanded to four cities since its March launch and has several more on the horizon, but it has yet to raise any outside money.
Recity, founded by entrepreneur and real estate investor Guggan Datta, in September had been looking to raise $1.5M to fund its expansion. Datta, who has self-funded the business up to this point, saw revenues picking up and ultimately decided not to raise money.
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8 Things You Need To Know About The Real Estate Retreat Redefining Dealmaking
Once a year, a carefully curated group of commercial real estate's best and brightest converge to build bonds, share experiences and explore conversations beyond the industry.
Welcome to Escape.
What began as an answer to the lack of networking platforms…
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Opportunity Zone Program Could Be A Boon For Developers In Distressed Communities
Boston Capital's Jack Manning sees potential in the so-called Opportunity Zone, a little-known provision slipped into the recent Tax Cuts and Jobs Act tax reform legislation.
Manning said placing money in an opportunity fund — a special kind of investment vehicle that raises capital in communities designated as distressed or qualified opportunity zones — could help offset some cost as interest rates rise.
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