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Walton Street Capital accelerated its plan to modernize the lobby at 401 N. Michigan Ave. A few months after the start of the COVID-19 pandemic, as it became more clear that companies weren't coming back in full force to its office building at 401 N. Michigan Ave. anytime soon, Walton Street Capital saw there was a moment to be seized. With a fraction of the normal foot traffic in the 35-story building each day and more construction contractors scrambling for jobs, the Chicago-based firm scrapped its original plan to modernize the lobby with new lighting, a 1,000-square-foot wall garden and a...

Javascript is disabled in your web browser. For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. South Florida construction starts fall in November Starts down 30% year-over-year, 11% compared to October Miami / (iStock) South Florida construction starts dropped in November, both year-over-year and month-over-month, according to a recently released report. Total building in Palm Beach, Miami-Dade and Broward counties dropped 30 percent, year-over-year, to $854 million last month, according to Dodge Data & Analytics,...

D-FW construction starts dip in November Commercial building saw the greatest declines. Commercial building activity in the D-FW area is down 14% this year.(Tom Fox / Staff Photographer) Construction starts of all types in North Texas saw a decline in November. The biggest drop in activity was a 41% decrease in nonresidential building compared with 2019 levels, according to a report from Dodge Data & Analytics. Residential building starts were also down 5% from a year ago for the month. Through the first 11 months of 2020, commercial building activity in Dallas-Fort Worth has fallen 14% from ...

HAMILTON, NJ - Total construction starts fell 2% in November to a seasonally adjusted annual rate of $797.5 billion following a strong gain in October. Residential starts fell 7% during the month, while nonbuilding starts dropped 14%. Nonresidential building construction starts, however, rose 19% in November. Total construction starts fell in three regions, the South Atlantic, West, and Northeast, but rose in two, the Midwest and South Central. Year-to-date through 11 months, total construction starts were 12% down from the same period in 2019. Nonresidential starts were 25% lower, while nonb...

Pricing and scarce inventory of building materials continues to hinder small contractors and local building companies competing with big brand home improvement stores. Illinois (PRUnderground) December 22nd, 2020 Covid-19 has created a pricing and inventory frenzy across the USA on building materials. Prices of building materials continue to rise as housing demand increases during the winter months and into 2021. Home Depot Inc. and Lowe’s Cos., reported sales were up 24% and 30% for the recently ended quarter, as global inventory shortages make it harder for local building compani...