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WeWork's tumultuous thirteen-year saga may be coming to an end soon, as now Reuters and the Wall Street Journal have reported on the company’s apparently imminent plans to file for Chapter 11 bankruptcy in New Jersey. The news was first reported by the WSJ early Tuesday, precipitating a dramatic... View full entry
According to a recently published report from Dodge Data & Analytics, a broadly based slowdown in the construction industry registered an 11% drop in construction starts for the month of October. The report finds that the American economy generated $696.3 billion in construction... View full entry
The Department of City Planning studied commercial corridors in 24 neighborhoods across the five boroughs and concluded that while shuttered storefronts plague some of the city's richest and poorest areas, the phenomenon is far from a pandemic.
"There is no single dominant trend in retail in New York City," the survey asserts. "Data did not indicate a pervasive vacancy problem across the city, but did identify a number of high-vacancy corridors."
— Crain's New York
“This is a missed opportunity,” Paes acknowledged. “We are not showcasing ourselves. With all these economic and political crises, with all these scandals, it is not the best moment to be in the eyes of the world. This is bad.”
But he also believes the problems are exaggerated by the press in a way that unfairly portrays Rio to the outside world...“There has never been so much transformation for poor people [in Rio]...The Olympic Games are a great inspiration to get things done.”
— The Guardian
More on Archinect:The rapid gentrification of Rio's favelas in advance of the OlympicsRio Olympics "must be postponed, moved, or both" due to Zika threat11 workers have died so far during Rio Olympic construction, audit findsWith the Rio Olympics opening in less than four months, sports federation... View full entry
When City Manager Oliver Chi looks across Station Square next to the new Gold Line stop in Monrovia, he doesn't see a dilapidated train depot. He sees a bustling restaurant.
Where an empty lot now sits, he sees a five-story apartment complex. That old lumber house? A bustling food hall.
Los Angeles County's growing light-rail network plunges deeper than it ever has into suburbia this week with the opening of the Gold Line extension linking Pasadena to Azusa.
— LA Times
Obsessed with infrastructure? Take a look at some related coverage:The Bike Wars Are Over, and the Bikes WonMore details on Glendale's "freeway cap park" emergeWhy cranes keep collapsing, despite "sophisticated equipment"US government agency develops new batteries that could revolutionize energy... View full entry
