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Bay Harbor One

Bay Harbor One buyer sues to get out of condo deal, citing alleged defects

Citing construction defects and potential future flooding issues, a Los Angeles buyer wants to kill his deal to buy...

Bay Harbor One buyer sues to get out of condo deal, citing alleged defects
The economy beat expectations in June, adding 4.8 million jobs, with retail and hospitality leading the way. But a surge in coronavirus infections threatens further gains. (Getty)

Retail and hospitality led June job gains as virus surged

The U.S. added 4.8 million jobs in June and the unemployment rate fell to 11.1 percent, beating economists’ expectations....

Retail and hospitality led June job gains as virus surged
Katerra CEO Paal Kibsgaard (Getty)

Construction startup Katerra lays off 400+ employees

SoftBank-backed construction startup Katerra has laid off more than 400 employees, one month after new CEO Paal Kibsgaard stepped...

Construction startup Katerra lays off 400+ employees
Developers are still holding off on starting new construction projects

South Florida construction starts plummet again in May

South Florida developers are still holding off on starting new construction projects in the wake of the coronavirus pandemic,...

South Florida construction starts plummet again in May
The rate of job loss in America has stabilized, even though businesses continue to hemorrhage employees at unprecedented levels. (iStock)

Unemployment filings stabilize — but at record highs

Another 1.5 million Americans filed for unemployment benefits last week, about one-third fewer than the week prior. The number...

Unemployment filings stabilize — but at record highs
Housing starts are still low, but jump in permits suggest builders are planning

Housing starts are still low, but jump in permits suggest builders are planning

The latest federal numbers show that homebuilders are planning more construction than expected, but actual construction is lagging. The...

Housing starts are still low, but jump in permits suggest builders are planning
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail

Altman scores $55M construction loan for Ludlam Trail project

 UPDATED, June 10, 11:25 a.m.: The Altman Companies closed on a $55.4 million construction loan for a Ludlam Trail...

Altman scores $55M construction loan for Ludlam Trail project
(iStock)

Real estate stocks rally on strong May jobs report

Stock markets rallied on Friday following much stronger job gains in May than were expected, with many real estate...

Real estate stocks rally on strong May jobs report
The construction, retail and restaurant sectors led May’s surprising jobs rebound, while the hotel industry continued to suffer. (Getty, iStock)

Construction, retail, restaurants lead May jobs rebound

The U.S. added 2.5 million jobs in May, a surprising bounceback after a March and April that saw 22.1...

Construction, retail, restaurants lead May jobs rebound
Construction in South Florida fell for the second straight month (Credit: iStock)

Construction starts in SoFla continue to plummet

Construction in South Florida is feeling the brunt of coronavirus. South Florida’s total construction starts fell significantly for the...

Construction starts in SoFla continue to plummet
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