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In the wake of the Singapore summit between Donald Trump and Kim Jong-un, South Korean builders are planning for a flood of infrastructure projects in the northern half of the peninsula.
The Construction Association of Korea plans to hold a forum for construction companies, research institutes and public entities on 25 June to discuss possible projects and funding arrangements.
— Global Construction Review
While Koreans on both sides of the Military Demarcation Line appear increasingly hopeful in the wake of recent friendly diplomatic exchanges, it's the deep-pocketed South Korean industrial conglomerates that have started to map out the north's opportunities for development. Shares in Hyundai... View full entry
To some boosters, your city is only one world-class visitor attraction away from economic prosperity. That pitch has been used to sell and endless series of public subsidies for baseball parks, football stadiums, basketball and hockey arenas, convention centers (and their appurtenant “headquarters hotels”) and starchitect-designed museum buildings. To that long list, we might add aquariums. — City Observatory
Joe Cortright CityCommentary piece on the promise and perils of city aquariums. View full entry
A Crunchbase News analysis of residential-focused real estate startups uncovered a raft of companies with a shared and temporary housing focus that have raised funding in the past year or so.
This isn’t a U.S.-specific phenomenon. Funded shared and short-term housing startups are cropping up across the globe, from China to Europe to Southeast Asia.
— TechCrunch
Crunchbase reporter Joanna Glasner takes a look at the new crop of shared and short-term housing startups that have recently raised millions of dollars in funding, such as Common, Starcity, Roomi, Ollie, HubHaus, and others. View full entry
The American Institute of Architects (AIA) is reporting today that architecture firm billings rose for the seventh consecutive month, with the pace of growth in April increasing modestly from March.
Overall, the AIA’s Architecture Billings Index (ABI) score for April was 52.0 [...], which indicates the business environment continues to be healthy for architecture firms despite continued labor shortages, growing inflation in building materials costs and rising interest rates.
— AIA
“While there was slower growth in April for new project work coming into architecture firms, business conditions have remained healthy for the first four months of the year,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Although growth in regional design activity was concentrated... View full entry
The tinted world of tomorrow is coming, and airports—mini-cities of steel, concrete and lots and lots of glass—are interested. In a test last fall, Dallas-Fort Worth International Airport outfitted one of its gates with a new type of “smart glass” that can adjust for sunlight exposure. The obvious point is to keep travelers from getting overheated—but the exercise also brought a more lucrative benefit. — Bloomberg
A Cornell-led study at Dallas-Fort Worth Airport found that implementing a new type of electrochromatic 'smart glass' at one of its gates not only led to cooler, more pleasant surface temperatures in the waiting area, but the tinted glass, and the resulting dimmer light in the neighboring bars and... View full entry
The American Institute of Architects [...] reported that architecture firm billings rose for the sixth consecutive month in March, although the pace of growth slowed modestly from February.
Overall, the AIA’s Architecture Billings Index (ABI) score for March was 51.0 (any score over 50 indicates billings growth), which still reflects a healthy business environment.
— AIA
“New project activity coming into architecture firms continues to grow at a solid pace. As a result, project backlogs—in excess of six months at present— are at their highest post-recession level,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Business remains strong in the... View full entry
Today, listings from one coast to another tout Bitcoin as a way to make a property transaction. A new collection of haute residences in Hollywood with Los Angeles skyline views go for $1.21 million or its Bitcoin equivalent; in Washington, D.C., two-bedroom condos are on the market for between 36 and 84 Bitcoins. In Austin, the seller of one ranch is offering a “signficant discount” if the buyer pays with Bitcoin. — Curbed
Great longform piece by Andrew Zaleski for Curbed on how Bitcoin, blockchain technology, and other cryptocurrencies have changed—or not changed—the real estate industry. "While there are laws in Arizona and Vermont that allow blockchain technology to play key parts in property sales and... View full entry
With one year left until Brexit, 2018 is a critical year for the UK architecture industry. Today, the RIBA released the latest results of their Global by Design report, a comprehensive survey of UK architects on Brexit. Although UK architects can adapt to next year's changes, RIBA describes, they... View full entry
The American Institute of Architects (AIA) is reporting an increase in architecture firm billings for February from its Architecture Billings Index (ABI), with several key segments showing an encouraging outlook for 2018. [...]
While the pace of growth in design activity slowed a bit in February for an ABI score of 52.0 (any score over 50 indicates billings growth), it still reflects a healthy business environment.
— AIA
"We remain optimistic about the trends we’re seeing at architecture firms this year with the ABI continuing to show growth in February," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "We saw several major bright spots reflected in February’s data, as billings remained particularly... View full entry
The US construction industry may lose more than 28,000 jobs if Donald Trump’s plan to raise tariffs on imported steel and aluminium goes ahead, a pro-free trade think tank has warned. [...]
While Trump claims tariffs would create jobs in America’s steel and aluminium sectors, a Washington, DC, thinktank, Trade Partnership, warned that such a policy would “reverberate throughout” the economy, costing more jobs than it would gain as it pushed up the cost of the metals.
— Global Construction Review
Unswayed by warnings from top economists, industry groups, and members of his own party, Donald Trump today signed two tariff proclamations at the White House that will erect 25% and 10% tariffs on steel and aluminum imports respectively. While the administration claims that the import tariffs... View full entry
Using lidar-equipped robots, Doxel scans construction sites every day to monitor how things are progressing, tracking what gets installed and whether it’s the right thing at the right time in the right place. You’d think that construction sites would be doing this by themselves anyway, but it turns out that they really don’t, and in a recent pilot study on a medical office building, Doxel says it managed to increase labor productivity on the project by a staggering 38 percent. — IEEE Spectrum
"You could send in some humans with lidar backpacks, but that would be more expensive," IEEE Spectrum explains. "The company is also using drones in a limited capacity right now, since they require human supervision, but it’s easy to imagine how much more efficient this process could get as... View full entry
2018 started on a strong note for architecture firms, as the Architecture Billings Index (ABI) saw its highest January score since 2007. The American Institute of Architects (AIA) reported the January ABI score was 54.7, up from a score of 52.8 in the previous month. [...] The new projects inquiry index was 61.1, down from a reading of 62.0 the previous month, while the new design contracts index increased slightly from 53.4 to 53.9. — AIA
"Healthy conditions continue across all sectors and regions except the Northeast, where firm billings softened for the second consecutive month," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "With strong billings and healthy growth in new projects to start the year, firms remain... View full entry
Underwater bedrooms, ‘Lohan Island’ and snow all year round – a decade after it was scuppered by the financial crash, the fantasy archipelago of 300 artificial ‘countries’ is back in business. Has anybody learned anything? — The Guardian
Remember The World? Dubai's lofty vision a decade-and-a-half ago to recreate the globe's map with artificial, celebrity-owned islands dredged from the Gulf floor that was just as grandiose and monumental as its financial crash in 2008? Well, it appears to be back in business again. The Guardian's... View full entry
The John Hancock Center is getting a name change, nearly a decade after another of Chicago’s most beloved skyscrapers — the Sears Tower — switched identities and caused a civic uproar.
Owners of the 100-story John Hancock Center said the building’s namesake, the insurance company that built the tower almost five decades ago, asked that its name and logos throughout the building’s interior be removed immediately.
— Chicago Tribune
Until the owners of the building, Chicago-based developer Hearn Co., find interested buyers for its naming rights, the iconic landmark tower will be known simply by its address, 875 N. Michigan Ave. View full entry
In a 10-1 vote, the Austin City Council took the first step toward a boycott of any company that designs, builds or finances President Donald Trump’s $25 billion proposed border wall between Texas and Mexico. [...]
Four companies already have been tapped to design and build wall prototypes, including Texas-based Sterling Construction Company, Inc.
— KXAN
The Texas state capital is just the latest of several local and state governments having either passed or proposed legislation that would ban companies involved in designing, building, or financing Donald Trump's proposed border wall with Mexico from being considered for other public contracts. View full entry