Sustainable by design

The cutting edge of commercial real estate The gradual global economic upturn of recent years has aided a construction boom. In the US alone, new developments contributed over $647bn to the economy in the third quarter of 2017, after several bullish years. This trend shows no sign of abating: in 2018, we will see a […]

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Mass timber tower is coming to New Jersey

Half a million square feet of mass timber office space is coming to downtown Newark, New Jersey, thanks to international firm Michael Green Architecture (MGA) and New York–based developer Lotus Equity Group. Lotus has described the project as the largest timber office building in the United States, and the tower will anchor Riverfront Square, a massive 11.8-acre, mixed-use development […]

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Positive future for commercial real estate buyers

Office deals in Brooklyn rise, while multifamily sees fewer property trades. While multifamily and land sales in Brooklyn fell last year, office investment quintupled. Office deals in the borough totaled $757 million in 2017, up 553 percent from 2016, according to a recent report from Ariel Property Advisors. The two deals that drove that volume […]

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Best emerging architecture studios in NY

Five young architecture studios based in the Big Apple have been selected for this year’s New Practices New York awards, set up to promote the city’s best up-and-coming talent. Agency–Agency, MABU, NHDM, Only If Architecture and PRO have all been named as 2018 winners of the awards, which are awarded biennially to studios headquartered in […]

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The surprising use of Hemp for properties

Hemp has been used as building material since Roman times for its insulating properties, and might be an untapped opportunity for sustainable U.S. builders, according to the New York Times. Fast-growing industrial hemp has little in common with the psychoactive indica strain, and can be combined with lime to form “hempcrete.” Hundreds of buildings across […]

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NYC hotel could change hands for $209M

Host Hotels & Resorts is reportedly looking to sell the W Hotel in Midtown Manhattan, New York City, to Capstone Equities and HEI Hotels & Resorts. If the deal goes through as planned, it would work out to $300,000 per key for the 697-room hotel, or approximately $209 million. This sale would come on the […]

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Smart City: Life in a Connected Urban Environment

In a recent conversation with New York City’s chief technology officer, Miguel Gamiño, I asked, “What’s your vision for a truly smart city? What will our lives look when we’re there?” I asked because, despite all the recent advances that have been made in cities, I believe we still exist in the pre-smart-city era, or […]

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25 largest architecture firms in NYC

Here are the 25 largest architecture firms in the New York area Crain’s has released its annual Book of Lists, which includes a listing of the largest 25 New York-area architecture firms, ranked by the number of New York-based architects. The New York area, in this case, includes New York City, Nassau, Suffolk and Westchester […]

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New York Real Estate Jumps More Than 9%

New York City is still reaping the benefits of the real estate boom. The city set a value of $1.26 trillion for its more than one million properties for the fiscal year beginning in July, an increase of 9.4 percent over the previous period that promises to boost the government’s tax collections. Residential and commercial […]

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Largest Military Construction Project

By late 1967, there were 485,600 American troops in South Vietnam; over the course of the war, nearly 2.6 million American service members would serve in country. While much of the historical discussion around the American military effort has focused on the immense firepower and destruction it entailed, an equally awe-inspiring aspect of the war […]

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Demand for NYC warehouses

As online shopping has boomed, the industrial warehouses needed to store all the stuff people are ordering have become the darling of the asset classes. According to CBRE, $1 billion in e-commerce sales causes 1.25 million square feet of absorption of industrial and logistics space. Industrial rental rates are near record levels, while there is […]

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