$7B Tech Park Project in Chicago to Start Construction by Early 2021
ENR Construction
FEBRUARY 13, 2020
Related Midwest says construction will begin by early 2021 on The 78, the developer's $7-billion, 62-acre megaproject in Chicago's South Loop.
Top Construction Projects in Chicago
Autodesk Construction Cloud
APRIL 25, 2022
Chicago is the third-largest city in the U.S., In fact, building construction employment in the Chicago metro region reached 28,400 in December 2021. Chicago is also rated the 2nd highest city in the U.S. and Canada for project volume according to BuildingConnected data in 2021. Calling All Chicago Professionals.
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U.S. Movers Looking for Affordability Tested Out New Zip Codes in 2021
Pro Builder
DECEMBER 20, 2021
Movers Looking for Affordability Tested Out New Zip Codes in 2021. Mon, 12/20/2021 - 10:20. In 2021, a growing number of Americans with remote work flexibility moved to areas with greater affordability to maximize their homebuying dollar in more appealing markets.
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Expect These Design Trends for 2021
Pro Builder
DECEMBER 17, 2020
Expect These Design Trends for 2021. Real estate and design experts say 2021 design trends will be all about comfort, fun, and nature. The pandemic has completely shaped home design trends for 2020 and 2021,” Isaacs says. adds Julie Busby, founder of the Busby Group at Compass in Chicago. “The cbroderick.
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Chicago Construction Tech Community Checks Out Latest Startups at BuiltWorlds Summit
ENR Construction
SEPTEMBER 2, 2021
1, for demo day of the BuiltWorlds Summit 2021 at Chicago's Westin River North. Product demos by startups, networking and venture capital panels brought back a familiar, if masked, sense of collegiality Sept.
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Chicago Launches Program to Replace Lead Service Lines for Drinking Water
ENR Construction
SEPTEMBER 12, 2020
Chicago has around 400,000 homes with lead service lines. Although the city has made EPA's safe drinking water standard, the homes tested mostly belong to employees and retirees from the water management department and the voluntary replacement program is not funded beyond 2021.
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Backyard Pool Sales Are Exploding, in Chicago
Pro Builder
AUGUST 31, 2021
Backyard Pool Sales Are Exploding, in Chicago. Tue, 08/31/2021 - 10:50. Before 2020, private pools weren’t only relatively uncommon around Chicago, but often detracted from the overall value of homes there, says Jane Lee, a real-estate agent in Lake County, Ill. . Now they're a selling point. Department of Energy.
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Chicago Construction Tech Community Checks Out Latest Startups as BuiltWorlds Summit Returns
ENR Construction
SEPTEMBER 2, 2021
1, for demo day of the BuiltWorlds Summit 2021 at Chicago's Westin River North. Product demos by startups, networking and venture capital panels brought back a familiar, if masked, sense of collegiality Sept.
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The 78, a $7-Billion Tech Park Megaproject in Chicago, Will Start Construction by Early Next Year
ENR Construction
FEBRUARY 13, 2020
Related Midwest says construction will begin by early 2021 on its 62-acre site. The $7-billion The 78 megaproject is in Chicago's South Loop.
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Adaptive reuse: 5 benefits of office-to-residential conversions
BD+C
JUNE 19, 2023
Multifamily Housing Apartments Condominiums Adaptive Reuse In 2021, FitzGerald completed renovations on Millennium on LaSalle, a 14-story building in the heart of Chicago’s Loop. OFFICE-TO-RESIDENTIAL – A NATIONAL TREND This trend goes far beyond Chicago.
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Home Prices Shatter Another Record
Pro Builder
AUGUST 31, 2021
Tue, 08/31/2021 - 10:28. All 20 cities reported higher price increases in the year ending June 2021 versus the year ending May 2021. Prices in just about every city in the 20-city index, except for Chicago, are at all-time highs, he said, as are the national composition and the 10- and 20-city indices. Prices rose 18.6%
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Show Village 2021: 3 Idea Homes for the Way We Live Now
Pro Builder
FEBRUARY 3, 2021
Show Village 2021: 3 Idea Homes for the Way We Live Now. Thu, 02/04/2021 - 00:00. Our 2021 Show Village encompasses three beautiful homes that perfectly reflect today’s consumer lifestyle needs, presented as an immersive online experience. How We Built The New American Home 2021. cbroderick. Michele Lerner.
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How Single-Occupant Households Are Exacerbating a Rental Affordability Crisis
Pro Builder
MAY 23, 2023
cities throughout 2020 and 2021, resulting in a drastic increase in the number of empty apartments and forcing landlords to slash rents. By the end of 2021, however, that trend had reversed, and by 2022, median rent in Manhattan had reached an all-time high. Insider reports.
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How Single-Occupant Households Are Exacerbating a Rental Affordability Crisis
Pro Builder
MAY 23, 2023
cities throughout 2020 and 2021, leading to a drastic increase in the number of empty apartments and forcing landlords to slash rents. By the end of 2021, however, that trend quickly reversed, and by 2022, median rent in Manhattan reached an all-time high.
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Forbearance Exits Expected to Add Inventory
Pro Builder
AUGUST 10, 2021
Tue, 08/10/2021 - 09:37. months of housing supply will be added to the market in August – October 2021, representing a 31% increase in months of supply relative to June levels and 26% of expected sales volume in the coming three months. Forbearance Exits Expected to Add Inventory. cbroderick. Baltimore; Riverside, Calif.;
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Americans Are Relocating for Extra Living Space and Affordability, but Where Are They Finding It?
Pro Builder
AUGUST 8, 2022
By the second quarter of 2021, out-of-town searches reached 31.5 had the highest percentage of buyers searching from out of town, with the greatest number of them originating in Chicago. about an hour north of Cape Coral, had the next highest share of interested buyers from out of town, also with the largest share from Chicago. .
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NAHB Releases Its 2022 “Priced Out” Estimates, and They Could Spell Trouble for Thousands
Pro Builder
FEBRUARY 15, 2022
Thousands of Americans found themselves priced out of a heated 2021 housing market, and more gains in the coming year could could keep homeownership out of reach for many more. NAHB Releases Its 2022 “Priced Out” Estimates, and They Could Spell Trouble for Thousands. Tue, 02/15/2022 - 10:34. Roughly 87.5 million households across the U.S.
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ReportL 2020 Sees Dip in Tall Building Completions
Construction Junkie
JANUARY 21, 2021
The US also had the two tallest buildings completed last year: the Central Park Tower and One Vanderbilt, both in New York City. 2020 was the first time since 2014 that China did not have the tallest building completed. They predict between 125 and 150 tall buildings to be completed this year, which is slightly higher than their 2020 projection.
Homeownership Is Becoming the More Affordable Option in Most Housing Markets
Pro Builder
JANUARY 27, 2022
year-over-year from November 2020 to November 2021, but rising wages and low mortgage rates offer a degree of affordability that record-breaking rental increases cannot provide. Lost Angeles, Chicago, and Phoenix, renting is still more affordable than buying, particularly as renters benefit from rising wages that outpace rent growth.
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The Best and Worst U.S. Cities for Buyers and Renters
Pro Builder
MAY 11, 2022
On the contrary, price-to-rent ratios are low in midwestern cities like Detroit, Cleveland, Milwaukee, Chicago and Indianapolis. Between March 2021 and February 2022, the average price of a home in this Bay Area city was $1,261,667, second-highest across our study. times more than a year’s worth of rent. Build to Rent. New-Home Sales.
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Increases in Apartment Occupancy Hits 10-Year High
Pro Builder
JULY 15, 2021
Thu, 07/15/2021 - 11:17. A recent National Association of Realtors (NAR) analysis reveals a booming apartment market as occupied units increased by 207,035 from quarter one to quarter two of 2021. Increases in Apartment Occupancy Hits 10-Year High. cbroderick.
Supply Chain Issues Force Builders to Find Alternative Materials
Pro Builder
OCTOBER 7, 2021
Thu, 10/07/2021 - 10:57. For example, it usually takes a month to deliver mineral wool, but now Skender Construction LLC is looking at a six-to-eight month wait for the wall insulation for an 11-story office project in Chicago. Supply Chain Issues Force Builders to Find Alternative Materials.
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Harvard Interactive Chart Illustrates Nationwide Home Price Increases
Pro Builder
JULY 13, 2021
Tue, 07/13/2021 - 10:08. The chart displays home price data from 2000 up to 2021’s first quarter. In the first quarter of 2021, home prices increased at least 10% in 85 of the 100 tracked metros. percent in the first quarter of 2021. percent), Chicago (9.6 cbroderick. percent in Boise, 22.7 percent) (Figure 2).
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Tampa Takes the Top Spot as 2022's Hottest Market
Pro Builder
JANUARY 4, 2022
Tampa is on track to rise from the city with the fourth-fastest home value growth in 2021 to the nation’s top market with the fastest growth in 2022, according to Zillow. Even in cooler markets like New York, San Francisco, and Chicago, sellers will continue to have the upper hand as low inventory keeps prices high months into the new year.
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Millennials Flock to West and South Regions
Pro Builder
APRIL 1, 2021
Thu, 04/01/2021 - 10:07. Millennials are no longer flocking to bustling cities such as New York, Los Angeles, and Chicago. The second-largest outflow came from Chicago, with a net decrease of more than 11,000 millennials. Millennials Flock to West and South Regions. cbroderick.
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Areas Where It's More Affordable to Buy Than Rent
Pro Builder
JANUARY 20, 2021
Wed, 01/20/2021 - 10:30. This data comes from ATTOM Data Solutions’ 2021 Rental Affordability Report, which found 63% of the 915 counties analyzed are easier to afford a median-priced three-bed home by owning rather than renting. Areas Where It's More Affordable to Buy Than Rent. cbroderick. In the majority of U.S. Read More. .
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May Home Price Increase Breaks S&P Case-Shiller Record
Pro Builder
JULY 28, 2021
Wed, 07/28/2021 - 08:54. higher in May 2021 than in May 2020, up from April’s 14.8% Chicago, Cleveland and Minneapolis reported the lowest gains, although they were still in low double-digits. “A May Home Price Increase Breaks S&P Case-Shiller Record. cbroderick. Home prices were 16.6% annual home price increase.
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The Bathroom is the New Kitchen
Pro Builder
SEPTEMBER 2, 2021
Thu, 09/02/2021 - 11:20. Mick De Giulio, a Chicago-based designer who specializes in luxury kitchens and bathrooms, says high-end materials are migrating to the bathroom from other areas of the house. The Bathroom is the New Kitchen. Kitchens kept getting bigger and more open. That is now what we’re seeing happening with bathrooms.”.
Less Than Half of All U.S. Counties are Affordable for Homeownership
Pro Builder
JANUARY 6, 2021
Wed, 01/06/2021 - 09:43. The largest metros where homeownership remains affordable on average are Chicago, Houston, Philadelphia, Cleveland, and Tampa. . Less Than Half of All U.S. Counties are Affordable for Homeownership. cbroderick.
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Cities Attracting the Most Young Homebuyers
Pro Builder
JANUARY 15, 2021
Fri, 01/15/2021 - 10:21. 67), and all 10 had decreasing homeownership rates from 2009 to 2019, with six out of 10 — Phoenix, San Jose, Philadelphia, Dallas, Houston, Chicago — ranking in the bottom half of the study for change in homeownership rate from 2009 to 2019. Cities Attracting the Most Young Homebuyers. cbroderick. Only 36.4%
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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status
Pro Builder
AUGUST 6, 2021
Fri, 08/06/2021 - 09:23. Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. Increasing Home Values Lift 1 Million Homes from 'Underwater' Status. cbroderick. Now, with home values up, there remains 2.25 million at the end of 2019.
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Upcoming Webinars & Construction Events in July 2022
Autodesk Construction Cloud
JUNE 27, 2022
There’s also an infrastructure event in Chicago towards the end of the month. InfraDay – Midwest (Chicago, IL). 6, 2021, The Chicago Council on Global Affairs) “ Get more details. Registration for Autodesk University opens this month! Details below. We recently announced our Construction Master Classes.
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Home Building Innovations Working Overseas Could Benefit U.S.
Pro Builder
JUNE 23, 2021
Wed, 06/23/2021 - 10:05. Chicago-based development company Skender had two years of projects in the pipeline, but the banks pulled the funding overnight. Home Building Innovations Working Overseas Could Benefit U.S. cbroderick. The housing crisis or the supply chain disruption are unique experiences to the U.S.,
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Out of State Movers Chose More Affordable, Sizable Homes
Pro Builder
JUNE 8, 2021
Tue, 06/08/2021 - 10:14. Buyers living in Chicago, New York, Los Angeles, San Diego, and San Francisco decided to move out of state the most in 2020 while Phoenix, Charlotte, Austin, Dallas, and Sarasota, Fla. Out of State Movers Chose More Affordable, Sizable Homes. cbroderick. received the most inbound movement.
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Rental Market Recovers Faster Than Predicted
Pro Builder
AUGUST 20, 2021
Fri, 08/20/2021 - 09:49. Chicago, Minneapolis, Seattle, Boston, New York, San Francisco and San Jose. Rental Market Recovers Faster Than Predicted. cbroderick. The rental market has surpassed all pre-pandemic predictions and reached a strong recovery with average rents increasing by 9.2% year over year. higher in Tampa.
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Old People Don’t Have to Live in Exile
Pro Builder
SEPTEMBER 2, 2021
Thu, 09/02/2021 - 11:30. A company called Cantina Communities and have recently secured backing from the Mansueto Office, a Chicago-based investment firm, to begin building residential enclaves that reject what Mr. Hollander regards as a “cruise ship, one-lane lifestyle.” Old People Don’t Have to Live in Exile. Two words: Baby Boomers.
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GE And ComEd To Modernize Chicago’s Grid
Buisness Facilities Contributed Content
JULY 10, 2013
GE has been selected by ComEd, a unit of Chicago-based Exelon Corporation and the electric utility serving Northern Illinois, to deliver approximately four million smart meters from 2013 to 2021 in a deal worth more than $200 million. Since 2011, GE has grown its presence in Chicago, adding more than 500 jobs.
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Home Design Details That Add Distinction
Pro Builder
APRIL 30, 2021
Fri, 04/30/2021 - 14:30. Project: Chicago Modern Location: Chicago Builder/Designer: United Chicago Builders Market: Millennial market-rate Size: 3,000 square feet. . . . Home Design Details That Add Distinction. Stacey Freed. Photo: Atanas Kan/StudioM87. Matte black and gold work well together in this interior.
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Arbitration Update – The 2021 ICDR Arbitration Rules: A Welcome Update for International Construction Arbitration
Constructlaw
JULY 13, 2021
1 The 2021 update marks the first time the ICDR’s arbitration rules and mediation rules have been revised since 2014 and 2008, respectively, and is of particular note to the construction industry both in the United States and elsewhere.???????. Definition of International Arbitration (the Introduction).
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Trends in Exterior Cladding
Pro Builder
APRIL 6, 2021
Tue, 04/06/2021 - 09:00. According to the synopsis of an educational session at the 2021 International Builders’ Show (IBSx), today’s homebuyers crave permanence and authenticity, and perhaps especially so when it comes to exterior finishes. 17 Innovative Products That Make The New American Home 2021 Exceptional. cbroderick.
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Guide to Top 2022-23 Construction Conferences & Events
Autodesk Construction Cloud
JANUARY 6, 2022
CMAA Focus (Chicago, IL). CMAA Focus 2022 will take place at the Renaissance Chicago in Downtown Chicago. The AGC Convention will be open for on-site registration with early bird dates until November 30, 2021. . AIA Conference on Architecture 2022 (Chicago, IL). Get more details. March 20 – 22, 2022.
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4 distribution center projects that changed The Korte Company forever
The Korte Company
JUNE 16, 2022
Dennis called up to Walgreens’ home office in Deerfield, Illinois, near Chicago. Then he drove up to Chicago the following Wednesday to meet with the Walgreens construction team. From 2014 to late 2021, we delivered 57 construction projects for Amazon totaling 4.4 I got nowhere,” Dennis said. So we want to give you a chance.
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Trucking Company Relocating HQ To Northwest Indiana
Business Facilities
AUGUST 17, 2017
The company, which broke ground on a 35,000-square-foot facility, will designate Indiana as its new corporate headquarters and plans to create up to 500 new jobs in the state by 2021. Currently located in Chicago Ridge, IL, HMD Trucking will invest nearly $6 million to expand its trucking operations to an 11-acre site in Gary.
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An Up-Close Look at Toronto’s Construction Boom
Autodesk Construction Cloud
JULY 28, 2022
Soon enough, Toronto will overtake Chicago (and fall just behind New York City) for the city with the most skyscrapers in the U.S. According to 2021 census data , the population of downtown Toronto grew 16.1% from 2016 to 2021. from 2016-2021 , and 80% of new residents came from other countries. and Canada.
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