The New York Times reports that in the next 24 months, almost every block in a one-mile stretch of 14th Street in Northwest Washington will have a new or renovated mixed-use building. Once the projects are completed, this section of … Continue reading →
Hong Kong real estate rates have risen by more than 50 percent since 2009 due to high demand and constricted supply. The Economist reports that the government in Hong Kong has a monopoly on land and the amount of land … Continue reading →
The planned 150-story Chicago Spire remains a pit in the ground four years after construction stopped due to financing challenges and the global recession. The two-acre parcel on which the Spire was to be built is located in a coveted … Continue reading →
Hariharan Ganesan writes for the Jones Lang LaSalle Blog that continued development and improving transparency in the real estate markets of the southern Indian cities are propelling places such as Bangalore, Chennai and Hyderabad to a global status alongside Mumbai … Continue reading →
Construction spending in commercial real estate totaled $92.3 billion, increasing more than 12 percent from 2010, according to a NAIOP Research Foundation report authored by Stephen Fuller of George Mason University. The total economic impact of the development (pre-construction, construction … Continue reading →
Construction of the 3.8 million square foot DHS headquarters on the west campus of the former St. Elizabeths Hospital has an uncertain future. The reason, according to a Washington Post report, is disagreement about the size of the project and … Continue reading →