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The Real Deal New York
Average construction costs jumped nationally year-over-year
April 16, 2018 02:30PM
Average construction costs across the U.S. rose 4.2 percent last year, with Los Angeles logging the largest uptick, according to a new report. Costs...
Developers are bracing themselves for the burn of Trump’s metal tariffs
April 09, 2018 07:30AM
From the April issue: New York City developers and builders certainly won’t strike gold with the Trump administration’s recent metal tariffs. Following President Donald Trump’s...
Construction starts picked up in 2017, thanks to large institutional and public works projects
February 05, 2018 11:00AM
Construction starts picked back up again last year, totaling $37.78 billion on the back of public works and institutional projects. That was the second-highest...
Here’s a look at some of NYC’s biggest commercial projects in the pipeline
January 19, 2018 07:30AM
From the January issue: With office towers rising on the Far West Side and logistics super-warehouses being built on Staten Island, 2018 marks the fifth...
The shakedown: How neighboring landlords can profit from new developments
August 08, 2017 03:00PM
A precedent-setting court ruling from last year has opened the floodgates for landlords to demand “ransom” payments from adjacent developments, salty developers say. For...
Building Billionaires’ Row: Why developers call Lendlease when they want to go glitzy
July 19, 2017 07:00AM
UPDATED, 11:18 a.m., July 19: Though only three years old, One57 is kind of like the grandfather of Billionaires’ Row. Extell Development’s supertall was...
NYC construction industry generated $66B in 2016: report
May 23, 2017 07:00AM
The construction industry in New York City generated $66.3 billion last year, thanks in large part to a record amount of spending. A new...
High construction wages, material costs make NYC the world’s most expensive place to build: report
May 17, 2017 02:50PM
New York City isn’t just the most expensive place to build in the world — it’s also one of the most “overstretched” in terms...
Construction spending pushes de Blasio’s budget up by $6B
April 27, 2017 04:15PM
Mayor Bill de Blasio’s capital budget for the city jumped 7 percent since January, thanks to an extra $6 billion in infrastructure spending. The...
How the city built libraries at $930 psf … and years behind schedule
April 10, 2017 03:20PM
A city agency designed to streamline capital projects actually doubled the cost of new libraries and cultural centers between 2010 and 2014, according to...
Nonunion labor keeping wage growth down: report
March 16, 2016 08:00AM
Construction costs in the five boroughs grew steadily for the third year in a row at roughly 5 percent. That’s still less than half...
NYC construction hiring picks up, but wages stay flat
May 27, 2015 12:01AM
It’s a common complaint among developers: high wages for construction workers in New York City are driving up development costs and making projects unfeasible....
Resi construction spending hits all-time $12B high
April 30, 2015 12:01AM
Spending on residential construction in New York City rose sharply to an all-time record of nearly $12 billion last year, according to a new report....
April 27, 2015 01:20PM
From the South Florida Market Report: While some banks are taking a conservative approach when it comes to construction lending, investment and private equity...
NYC higher ed to invest nearly $10B in construction, upgrades
September 17, 2014 11:40AM
Colleges and universities in New York City are projected to spend nearly $10 billion on new construction and renovations during a five-year period, according to...
More construction — but fewer residential units — in 2014
August 13, 2014 11:30AM
Residential construction spending will likely hit a new record this year, but far fewer New Yorkers stand to benefit from the building than in...
New office spending by REITs highest in a decade
July 09, 2014 01:45PM
A building boom is under way in major markets as Real Estate Investment Trusts increasingly invest in new developments rather than pay inflated prices...
New York City residential construction boomed in 2013
April 07, 2014 03:40PM
Employment in New York City’s construction sector hit a five-year peak in 2013, while spending on residential construction was the highest in decades, according...
US construction spending on the upswing in November
January 02, 2014 01:57PM
U.S. construction spending ticked up in the month of November, buoyed by growing private-sector demand to build homes.
US construction jobs reach highest level since August 2009
December 06, 2013 11:00AM
Construction payrolls climbed for the sixth-straight month in November, reaching a preliminary estimate of 5,851,000. That’s a 17,000-job gain from October’s 5,834,000 print, and the...
Alchemy purchases 9-building Bed-Stuy portfolio for $25M
Moinian Lands $132M in financing for 2 Washington Street
The latest closing at 220 Central Park South is this $28.4M unit
Maverick Real Estate Partners closes another NYC distressed debt fund
In time for the holidays, former Croman tenants will begin receiving checks
December 2018 issue
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