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July Construction Starts Increase 6% Nationwide | 2017-08-23

The value of new construction starts in July advanced 6 % from the previous month to a seasonally adjusted annual rate of $728.1 billion, according to the most recent report from Dodge Data & Analytics.   Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants in California and New York.   Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines . Running counter was a 7% slide for nonresidential building , following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for health care facilities in July.   During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago. Dampening the year-to-date performance for total construction was a steep 44% declin...

July Construction Starts Increase 6%, Down Slightly Year to Date

The value of new construction starts in July advanced 6% from the previous month to a seasonally adjusted annual rate of $728.1 billion, it was reported by Dodge Data & Analytics. Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants , located respectively in California and New York. Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines .  Running counter was a 7% slide for nonresidential building following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for healthcare facilities in July.  During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago.  Dampening the year-to-date performance for total construction was a steep 44% decline for t...

New apartments rising in Nob Hill By Richard Metcalf / Journal Staff Writer Published: Monday, February 9th, 2015 at 12:02amUpdated: Monday, February 9th, 2015 at 10:40am

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Copyright © 2015 Albuquerque Journal Platinum Apartments construction project employs a 60-foot- high building crane to lift prefabricated framing panels into place. Building cranes on an urban skyline are a common sign that a city is experiencing redevelopment. (Adolphe Pierre-Louis/Albuquerque Journal)" width="265" height="400" /> The Platinum Apartments construction project employs a 60-foot- high building crane to lift prefabricated framing panels into place. Building cranes on an urban skyline are a common sign that a city is experiencing redevelopment. (Adolphe Pierre-Louis/Albuquerque Journal) Optimism was in the air in early 2007 when preliminary plans got underway for a four- story housing project a block south of Central Avenue at the east end of Nob Hill. “Over the next decade, you’re going to see the entire landscape in that area change,” Chicago- based developer Rick Goldman told the Journal in an article from February of that year. Go...

Fire guts vacant Waterloo greystone apartment building; demo calls renewed | Local News

WATERLOO — A second fire in nine months extensively damaged an abandoned city- owned greystone apartment building in the 900 block of Commercial Street Sunday morning , renewing concerns about its ongoing safety and structural integrity. Firefighters were called to 925 Commercial St. about 5 a.m. and remained on the scene at least three hours later, working through the structures. The building was still smoldering at 8 a.m. Smoke was emanating from a top-floor window at that time. Fire Battalion Chief Mike Moore said this fire resulted in more extensive damage than the November blaze, including floor damage to the upper levels. A cause has not yet been determined. While the building has been abandoned, Moore said, it has been known to have been used periodically by “squatters” who take shelter there though they have no tenancy or ownership. Moore said firefighters were doing their best to work through the structure Sunday to make sure the fire is completely out. “We’re just trying...

For the Record: Commercial building permits, partnerships, bankruptcies | Fortherecord

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Building permits (Listed by owner, tenant or building name. This weekly update lists new commercial construction , expansions and enlargements of more than $50,000. Information is from initial applications and is subject to change. Dollar amount is valuation declared by owner.) Chipotle Mexican Grill , 10410 S. Memorial Drive, Suite A, interior alteration/restaurant, $300,000. Warren Place Building A , 4810 E. 61st St., new construction/retail, $337,413. Warren Place Building B , 4820 E. 61st St., new construction/retail, $1.128 million. Warren Place Building C , 4840 E. 61st St., new construction/retail, $2,146,161. Warren Place Building D , 4830 E. 61st St., new construction/retail, $1,863,597. Post Properties No. 2 , 1523 E. Third St., new construction/shell building, $250,000. Zales The Diamond Store , 7021 S. Memorial Drive, Suite 177-A, interior alteration/jeweler, $98,000. Discount Tire , 11110 E. 41st St., new construction/retail tire store, $1 million. Co...

Mooyah Burgers, Clothing Store Coming To New West Haven Development

Written by Michael P. Walsh WEST HAVEN, CT — Clasping a pair of oversize scissors, Mayor Edward M. O’Brien cut the ceremonial ribbon Thursday with Acorn Group founder David A. Beckerman and Vice President Gary S. Letendre to mark the grand opening of Acorn’s The Atwood, an $18 million apartment and commercial development at 222 Boston Post Road aimed at making the neighborhood around the Allingtown Green a destination. As many of the new building’s residents, all students of the nearby University of New Haven, moved into their new digs, O’Brien touted The Atwood’s highly anticipated opening as “one example of how we are transforming West Haven through economic development .” “This area is transforming before our eyes,” O’Brien told a group of more than a dozen city officials and project executives moments before the afternoon ribbon -cutting, which also included Jay Brotman , managing partner of the New Haven architectural firm Svigals + Partners, state Rep. Michael A. DiMass...

Atwood development officially declared open in West Haven

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Image 1 of / 1 Caption Close Image 1 of 1 MARK ZARETSKY / HEARST CONNECTICUT MEDIA Officials from the city of West Haven, developer The Acorn Group and architect Svigals + Partners converse just prior to Thursday’s ribbon-cutting to celebrate completion of The Atwood, a 67-unit, four-story, mixed-use apartment and commercial building on Route 1. less MARK ZARETSKY / HEARST CONNECTICUT MEDIA Officials from the city of West Haven, developer The Acorn Group and architect Svigals + Partners converse just prior to Thursday’s ribbon-cutting to celebrate ... more Atwood development officially declared open in West Haven Back to Gallery WEST HAVEN >> Some residents already had moved in to The Atwood, a 67-unit, four-story, mixed-use apartment and commercial building on Route 1 — the first completed component of The Acorn Group’s ambitious University Commons project — when officials gathered Thursday to cut a celebratory ribbon to declare it open. They began moving in on Aug. 1. Addi...

How the City Nails Landlords for Their Tenants’ Illegal Airbnb Rentals – Commercial Observer

T wo weeks ago, a Manhattan Supreme Court judge handed down a decision designed to strike fear in the hearts of landlords. Justice James d’Auguste ordered that an independent receiver be appointed to manage two Midtown residential buildings where the landlords allegedly allowed illegal Airbnb rentals to occur. The case, which began when the city sued the landlords in February 2015, has become one of the battlegrounds in a larger war between city enforcement agencies and short- term rental sites like Airbnb. Airbnb, which was recently valued at $31 billion, refuses to release the exact addresses of hosts who break the law by renting their entire apartment for less than 30 days without being present. Without the addresses and names of Airbnb violators , the city mostly targets the owners of buildings that rack up the most illegal hotel complaints from 311 calls and the New York City Department of Buildings. “This entire model—and it was intentional [by the city]—is complaint-drive...