NYC urged to release info on construction accidents to show whether union jobs are safer

Politicians and labor groups want the city to classify the skyrocketing number of construction site deaths, accidents and injuries in the recent building boom based on whether they are at union or nonunion job sites. Amid competition between union and nonunion companies over the same building contracts, advocates have long argued that union workers are […]

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10 reasons to visit the New York Expo

• More networking opportunities – this is the New York City’s leading gathering for construction and related sectors. • More than 150 exhibitors – from a diverse range of sectors, all showcasing their services and products. • Exclusive VIP Lunch & Networking Sessions – a fantastic opportunity to get in front of leading purchasing managers. […]

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US office vacancy rate falls to seven-year low

The U.S. office vacancy rate fell to 16.0 percent in the second quarter, the lowest in seven years, research firm Reis Inc said on Monday. The rate declined by 10 basis points from the first quarter and marked the eighth consecutive quarter of decrease in the national vacancy rate. Overall net absorption increased by 5.4 […]

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Can Affordable Housing Overcome the Odds (Once Again) in New York?

Affordable housing in New York is constantly invoked as an aspiration, rarely as a reality. This is despite the 178,000 units in government-owned or -operated buildings, and despite the hundreds of thousands in private, below-market-rate apartments. A recent book, Affordable Housing in New York: The People, Places, and Policies That Transformed a City, shines a […]

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Selling 1 World Trade Center

If you thought building the $3.8 billion tower was a tall order, just try selling it One World Trade Center sits at the heart of America’s most hallowed ground, a 1,776-foot-tall icon that concretely testifies to the city’s rebirth after Sept. 11, 2001. But as an investment for its owner, the Port Authority of New […]

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US Construction Spending Unchanged in July

WASHINGTON — U.S. construction spending was unchanged in July as weakness in spending on government projects offset gains in home building and the strongest month for non-residential construction on record. Construction spending was flat in July but declines in May and June were revised to show slight gains, the Commerce Department reported Thursday. Spending in […]

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New Study Reveals Best Practices to Help Improve Construction Performance

With 85 percent of owners reporting over-budget construction projects, study sheds light on ways to avoid common industry shortcomings NEW YORK, Aug. 24, 2016 /PRNewswire/ — A new study entitled “Optimizing the Owner Organization: The Impact of Policies and Practices on Performance” has recently been published by Dodge Data & Analytics as part of its […]

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CT and NY construction industries had least economic impact in U.S. in 2015

Connecticut and New York tied for last place in a new report calculating the value added by the private construction industry as a percentage of gross domestic product (GDP) in 2015. According to the Associated Builders and Contractors (ABC), construction in both states accounted for 3.1 percent of GDP, well below the national average of […]

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New York officials want affordable housing…unless it’s inconvenient

Officials block new construction Affordable housing is a major issue in many parts of the country, none less than New York and California. City officials, however, are hindering the road to affordable housing in New York. While they claim they want to improve the housing situation, they seem to only do so when it’s convenient […]

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New York City to Invest $150 Million in Five Parks

Money will go toward new soccer fields, hiking trails and running tracks Mayor Bill de Blasio is expected Thursday to outline plans to spend $150 million to improve five New York City parks, one of the largest investments in the city’s green spaces since the mayor took office in 2014. The money is designed to […]

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LOL! OMG. HUH? Court Finds That Text Message Can Form Binding Contract

In the world of Twitter, Facebook and LinkedIn, it is no secret that individuals are communicating regularly on their smartphones about their business affairs. Recently, a court addressed the question about whether a text message can constitute a writing sufficient under the Statute of Frauds to create an enforceable contract. In St. John’s Holdings, LLC […]

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