For minorities and female developers, “access to capital has been the biggest challenge,” said Peebles, who has been an outspoken advocate for diversity in the industry. “I looked at how to address that for a number of years. No one in the country is doing this on a national level.” — therealdeal.com
Real estate developer Peebles Corporation has unveiled a $500 million investment fund that will be used to fuel development projects led by women and racial minorities. According to The Real Deal, the fund will focus on urban infill projects with budgets between $10 and $70 million in... View full entry
Apple® today announced that Sir Jony Ive, Apple’s chief design officer, will depart the company as an employee later this year to form an independent design company which will count Apple among its primary clients. While he pursues personal projects, Ive in his new company will continue to work closely and on a range of projects with Apple. — Apple
Apple's long-running chief design office, Jony Ive, has announced plans to depart the company to open up his own design practice. Ive, the designer behind the iMac, iPhone, and iPod, among many other products, is perhaps the most influential industrial designer of his generation. Jony Ive and... View full entry
A you a master of 3D-model based software looking to showcase your skills? Building Information Modeling (BIM) is a rising career path for architects, designers, engineers, and construction professionals who are passionate about infrastructure and building management. This week, here are... View full entry
Seven Chinese labourers who worked on the construction of a casino and resort in the US Commonwealth of the Northern Mariana Islands (CNMI) are suing the owner of the project and two of its contractors, alleging they were victims of a forced labour scheme and had suffered injuries on site.
The labourers were working on the Imperial Pacific casino and resort in Saipan, the largest island in the South Pacific commonwealth.
— Global Construction Review
GCR covers the lawsuit seven laborers from China have brought forward against the casino's developer Imperial Pacific International, contractor MCC International Saipan Ltd Co, and contractor Gold Mantis Construction Decoration in Saipan, a U.S. commonwealth island just 120 miles north of Guam... View full entry
Archinect has hired editor, writer, and designer Antonio Pacheco as its new managing editor. Antonio is responsible for developing editorial content, covering breaking and professional news, and will oversee the ongoing development of Archinect’s editorial team in accordance with the... View full entry
...one issue stands out as particularly urgent and complex: housing. The lack of new supply, combined with the rising cost of living, has resulted in a severe shortage of affordable housing options for long-time middle and low income residents. As Google grows throughout the Bay Area—whether it’s in our home town of Mountain View, in San Francisco, or in our future developments in San Jose and Sunnyvale—we’ve invested in developing housing that meets the needs of these communities. — Google
Last week, Google CEO Sundar Pichai announced the company's pledge to invest in the development of affordable housing across the Bay Area. With the multi-billion dollar tech company calling the San Francisco Bay Area home with its beginnings starting over 20 years ago, Google is aware of its... View full entry
With the restaurant's completion in March 2019, Europe's first underwater restaurant was a highly anticipated project from none other than Norway's Snøhetta. After Archinect's coverage of the restaurant opening, we take a peek inside this one of a kind gastronomical experience. Now three months... View full entry
Main Street Renewal is an arm of Amherst Holdings, a real estate investing firm with $20 billion under management. It owns or manages some 16,000 single-family homes, scattered across the Midwest and the Sunbelt. That portfolio makes Amherst one of the biggest, fastest-growing players in institutionally owned rental homes, a $45 billion subsector of the real estate industry that barely existed before the Great Recession. — Fortune
Shawn Tully profiles Amherst Holdings and it's CEO Sean Dobson a "Texan data savant", who plans to use "digitally driven bargain hunting" and "Economies of scale" to "get to 1 million homes in the next 15 years or so." View full entry
This post is brought to you by Flexform Rising in the high-end neighborhood of Istinye, one of the most fascinating and historic areas of this major Turkish metropolis, the Nidapark Istinye residential complex occupies a prime location, with magnificent views of the sea. This ultra-luxurious... View full entry
A sea of canary yellow office pods is taking shape on a dusty lot off of Sunset Boulevard in Los Angeles. There, Spanish architects Selgascano and global co-working platform Second Home are busy finishing out the group’s new 90,000-square-foot Hollywood outpost, a mesmerizing construction site... View full entry
Demand for design services in May remained essentially flat in comparison to the previous month, according to a new report [...] from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for May showed a small increase in design services at 50.2, which is slightly down from 50.5 in April. Any score above 50 indicates an increase in billings. Both the project inquiries index and the design contracts index softened in May but remained positive.
— AIA
"The last four consecutive months, firm billings have either decreased or been flat, the longest period of that level of sustained softness since 2012," said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "While both inquiries into new projects and the value of new design contracts remained... View full entry
The Architecture Lobby (TAL) has put forth a set of guiding principles for architects to follow as debate over a potential Green New Deal takes shape across the industry. According to a recently-published memo, TAL is pursuing a four-pronged approach for envisioning how architects can... View full entry
Many baby boomers poured millions into these spacious homes, planning to live out their golden years in houses with all the bells and whistles.
Now, many boomers are discovering that these large, high-maintenance houses no longer fit their needs as they grow older, but younger people aren’t buying them.
— wsj.com
The Wall Street Journal reports that wealthy baby boomers in America's far-flung retirement suburbs are having trouble selling their McMansions. The problem? The homes are too big, too expensive, and too far away from everything else. Another issue: Too many multi-million dollar homes are... View full entry
Before launching the Mola Structural Kit 1 in 2014, Brazilian architect Márcio Sequeira spent ten years developing the Molar design model before it hit the market. He initially came up with the Mola Structural Model while he was a postgraduate student in architecture school. Since then, Mola has... View full entry
The number of homes that were flipped was actually down 8% from the previous year to a three-year low. And the number of investors engaging in home flipping has dropped 11% over the past year. — Marketwatch.com
Life is hard for a home-flipper these days. As real estate prices have ballooned across the country, profit margins for renovated and re-sold homes have narrowed. As a result, the number of homes being flipped has fallen markedly in recent years. What does it mean? Todd Teta, chief product officer... View full entry