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Katerra CEO Michael Marks and one of the company's prefabrication homes in Saudi Arabia (Credit: YouTube, iStock) 

Katerra signs $650M contract with Saudi Arabia to build 8,000 homes

A SoftBank-backed construction startup that has faced questions about its ability to deliver projects in the U.S., just secured...

Katerra signs $650M contract with Saudi Arabia to build 8,000 homes
Gov. Andrew Cuomo and a rendering of Penn Station (Credit: Getty Images, Governor's Office)

Landlord to Cuomo: “No intention of selling” Penn Station site

Gov. Andrew Cuomo’s Penn Station expansion plan already has a big hurdle — 17 stories tall, in fact. A...

Landlord to Cuomo: “No intention of selling” Penn Station site
Greenland’s Hu Gang, Daniel Brodsky of the Brodsky Organization and a rendering of 18 6th Avenue in Brooklyn (Credit: China General Chamber of Commerce, Getty Images, and Pacific Park)

Pacific Park tower moves to construction after $460M loan

Construction is kicking off at the Brodsky Organization’s Pacific Park rental building thanks to a big construction loan. Brodsky...

Pacific Park tower moves to construction after $460M loan
729 Seventh Avenue (Credit: Google Maps)

After fatality, analysis shows façade rules widely ignored across city

Nearly eight months ago, city officials issued a violation against the owner of 729 Seventh Avenue for failing to...

After fatality, analysis shows façade rules widely ignored across city
Housing starts exceeded estimates in November (Credit: iStock)

Why things look good for the housing market right now

The year is rounding out on a strong note for the construction industry. As homebuilder sentiment hits a 20-year...

Why things look good for the housing market right now
(Illustration by Tim Peacock)

Warped lumber, failed projects: TRD investigates Katerra, SoftBank’s $4B construction startup

In an email to employees last week, Katerra CEO Michael Marks had a few uplifting thoughts on the year gone by. His startup, which...

Warped lumber, failed projects: TRD investigates Katerra, SoftBank’s $4B construction startup
Melania La Rocca

Buildings commissioner talks priorities in final de Blasio years

Often regarded as one of the more thankless City Hall gigs, the commissionership of the Department of Buildings involves...

Buildings commissioner talks priorities in final de Blasio years
A rendering of  280 Meeker Avenue CW Realty Management CEO Cheskie Weisz (CW Realty Management)

CW Realty to bring mixed-use project to troubled Williamsburg site

Third time’s a charm? Cheskie Weisz’s CW Realty Management is bringing an eight-story mixed-use complex to a Williamsburg site...

CW Realty to bring mixed-use project to troubled Williamsburg site
 561 Greenwich Street (Credit: Google Maps)

Trinity Church to construct another Hudson Square office tower

Another new office building is going up in the Hudson Square neighborhood in Lower Manhattan, which has been undergoing...

Trinity Church to construct another Hudson Square office tower
Jerome Powell and New York City construction in October 2019 (Credit: Getty Images)

The Fed lowers rates, and once again real estate is loving it

There may come a time when a Federal Reserve interest rate cut is met with skepticism from the broader...

The Fed lowers rates, and once again real estate is loving it
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