DC’s First Source mandate requires construction companies to give hiring preference to local workers if a project receives taxpayer dollars. Companies building qualifying projects of $300,000 to $5 million must hire 51 percent local residents, and those in charge of … Continue reading →
The five-building, 3 million-square-foot project known as “The View at Tysons” will include a 615-foot tall “Iconic Tower” (building C-3) that will have retail, hotel and condominium uses, according to Fairfax County. This tower is expected to be the tallest structure … Continue reading →
Citing the rapidly changing retail environment, IKEA has cancelled plans to open new stores in Nashville, TN, Cary, NC and Glendale, AZ and will instead shift resources to its online platform. IKEA sales fell short of four percent growth in … Continue reading →
Retail chain stores that are dominant in their product category such as Best Buy and Bed, Bath, and Beyond, known as “category killers,” have grown over the past 40 years, contributing to the dismantling of the mall and department store … Continue reading →
On Thursday, the DC Court of Appeals halted the city’s plan to redevelop the 444-unit Barry Farm complex. In
Continue reading →Specialty grocer Trader Joe’s is expanding further in DC. In addition to Foggy Bottom, 14th Street and Capitol Hill (which opened last Friday), the California-based retailer plans to open a fourth DC location at Union Market next year and recently … Continue reading →
Among chain retailers and restaurants with greater than 50 locations, net openings so far in 2017 total 4,080, according to an IHL Group report. Of this number, 1,326 are in core retail segments and 2,754 are restaurants. Grocery chains, discount … Continue reading →
The Q3–2017 commercial construction composite index score was 73, only slightly below the previous two quarters (76 in Q2 and 74 in Q1). The 0-100 index, based on a survey of contractors, looks at three leading indicators – backlog levels, … Continue reading →
From 2012 through 2016, developers completed an average of 225,000 new apartments per year, according to National Real Estate Investor (citing data from Multifamily Housing Council (NMHC) and the National Apartment Association (NAA)). To Also, Allopathic drugs in a form … Continue reading →
Houston’s flood problems are more a distinctive feature of its topography, geography and the sheer magnitude of Harvey and less the result of the city’s limited zoning and land use regulations. A 2013 study of the city’s impervious/pervious cover ratio … Continue reading →