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Nonresidential Construction Market Update 2022 – Impact of higher financing and project delivery costs

Job Order Contracting

Other sectors down include – Commercial, Healthcare, Education, Office, Manufacturing, and Power. Rising costs of financing and delivering construction services put brakes on nonresidential construction. Nonresidential construction DOWN decreased 0.4% Largest declines in Highway/street, Water supply and Public Safety.

Finance 219
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Persimmon finance chief exits after one year

Construction Enquirer

House builder Persimmon’s finance chief is leaving the firm after just over a year in the post. Jason Windsor, chief financial officer, will formally leave on 1 September to become chief financial officer at investment giant abrdn plc. The board said it would now start the hunt for a new finance chief. ”

Finance 71
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The biggest office starts of 2023

Construction Dive

While owner financing is likely driving some deals on glittering new headquarters, quickly maturing loans on existing properties signal challenges ahead.

Office 112
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Structural engineering solutions for office-to-residential conversion

BD+C

Structural engineering solutions for office-to-residential conversion 0 qpurcell Thu, 09/28/2023 - 10:37 Office Buildings IMEG's Edwin Dean, Joe Gulden, and Doug Sweeney, share seven key focuses for structural engineers when planning office-to-residential conversions. faces a housing deficit of 3.8 million units.

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The impact of office-to-residential conversion on downtown areas

BD+C

The impact of office-to-residential conversion on downtown areas 0 qpurcell Mon, 10/16/2023 - 08:29 Office Buildings Gensler's Duanne Render looks at the incentives that could bring more office-to-residential conversions to life. The opportunity for cities is massive. Clair West , Toronto, Ontario.

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Wells Fargo CFO calls commercial real estate a ‘long movie’

Construction Dive

The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.

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S&P raises alarms on CRE financing

Construction Dive

Though owners throughout the commercial real estate space are being affected by recent financial headwinds, the office sector is facing the most intense pressure right now, a new report says.

Finance 86