New York Is At A 30-Year Peak For Office Construction

New York Is At A 30-Year Peak For Office Construction

18/10/17

New York is seeing more office buildings under construction than it has in decades, and the trend looks to accelerate in the coming years. A report from the New York Building Congress, using data from the Real Estate Board of New York, projects that 2.3M SF of office space will be completed by the end […]

SF built homes for new residents twice as fast as rest of state in 2016

SF built homes for new residents twice as fast as rest of state in 2016

18/10/17

California’s Department of Finance reported this week that the state and its major metro center continued growing in population in 2016, including to 874,288 people in San Francisco as of January 2017, a net gain of more than 9,300 for the year. The same report also says San Francisco led the way in housing construction in 2016, […]

Number of SF building permits up, but not by much

Number of SF building permits up, but not by much

18/10/17

The good news: San Francisco will issue far more building permits than usual this year. But determining whether or not that amount of entitled construction is enough depends on your expectations. Real estate site Trulia’s latest construction report took a creative approach to quantifying construction in 84 major cities and surrounding areas, comparing the projected level of […]

8 things to know about the Asian Art Museum expansion

8 things to know about the Asian Art Museum expansion

18/10/17

San Francisco’s Asian Art Museum released new details about its $90 million expansion this week. The Civic Center institution, boasting one of the most expansive Asian art collections in the world, gears up to update its historic yet confined space. Here’s what to expect for the future of the West Coast/far east culture hub: The new expansion […]

Downtown LA added 7,551 apartments in the last six years

Downtown LA added 7,551 apartments in the last six years

18/10/17

As Downtown LA’s busy skyline of cranes indicates, construction is surging in the neighborhood. Rentcafehas quantified just how many new apartments those cranes have brought. The rental data site analyzed PropertyShark and Yardi Matrix construction data in about 1,000 U.S. neighborhoods, looking at “large-scale rental buildings of 50 or more units located in the largest 30 cities in […]

Report: LA apartment construction is up 61 percent

Report: LA apartment construction is up 61 percent

18/10/17

More than 10,000 new apartments have been constructed in Los Angeles County in the past year, according to a new report from real estate firm Marcus & Millichap. That number, which includes units built between July of 2016 and June of 2017, represents a sizable 61 percent increase over the year before and is the highest […]

Construction on 274 new Warner Center apartments will begin next month

Construction on 274 new Warner Center apartments will begin next month

18/10/17

Construction is scheduled to start next month on a new apartment complex that will replace two low-slung Warner Center commercial buildings with 274 new apartments and 11 live/work units, reports the Los Angeles Daily News. Developer BCEG International Investment-US, Inc. plans to begin demolition next month on the property. Construction’s expected in February, with the seven-story […]

West Hollywood’s Edition Hotel and Residences hits construction milestone

West Hollywood’s Edition Hotel and Residences hits construction milestone

18/10/17

Developers announced last week that West Hollywood’s two-building Edition Hotel and Residences hit a major construction benchmark last week when it “topped out,” a term that signals that the last major beam has been placed in the complex. The hotel will feature 190 rooms and 20 condos, according to developer Witkoff and its partner, New Valley LLC. The hotel rooms […]

LA has the second highest number of cranes at work in the U.S.

LA has the second highest number of cranes at work in the U.S.

18/10/17

The pace of housing development in Los Angeles continues to lag behind that of decades past, but construction booms in Hollywood, Koreatown, and Downtown are reshaping the city’s skyline at a rapid clip. To that point, a new survey from construction analyst finds that the number of cranes at work around Los Angeles has jumped to 36 as of the beginning of July. […]

Amazon leases all the office space in new Rainier Square tower

Amazon leases all the office space in new Rainier Square tower

18/10/17

Looks like Amazon has secured itself a place in Seattle’s skyline. Seattle’s second-tallest skyscraper, which is currently under construction on the Rainier Square block downtown, will have 722,000 square feet of office space—and it’s all being leased to Amazon. The company reportedly first started eying the property back in April, Puget Sound Business Journalreported—way before announcing […]