Items Tagged with 'Construction'

ARTICLES

  • JPMorgan Chase to build new HQ in midtown Manhattan

    New HQ first major project under NYC's Midtown East Rezoning plan
    It’s a season of change at JPMorgan Chase. The big bank recently committed to investing $20 billion in new branches and new hires following tax reform legislation. Now, the company announced plans to build a new, 2.5 million square feet, 70-story HQ at its 270 Park Avenue location, replacing the current 52-story building, which houses 15,000 of the bank’s employees.
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  • Japan’s SoftBank continues U.S. real estate push by leading $865 million investment in Katerra

    Makes sizable investment in construction disruptor
    In the last few years, Japanese technology company SoftBank Group has undertaken a significant move into the U.S. real estate and housing market with a series of investments and acquisitions. Now, SoftBank is making another move into U.S. real estate by leading a massive capital raise in Katerra, a company that wants to revolutionize the construction industry.
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  • Monday Morning Cup of Coffee: Construction boom could ease affordability in 2018

    And what the latest DACA news means for housing
    To probably no one’s surprise, affordable housing continues to worsen in buyer and rental markets. But this could take a positive turn in 2018 as many experts continue to predict the market is shaping up for a construction boom. Unless, of course, the administration’s immigration policies continue to deplete the much-needed construction labor force.
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  • Construction startup Buildup raises $7 million

    Service digitizes jobsite management
    Buildup, a California-based startup that offers a mobile collaboration and task management platform for construction jobsites, announced recently that it raised $7 million in a Series A funding round. The company said that it plans to use the funding to expand the company's engineering, sales, and marketing teams.
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  • Built raises $21 million, aims to revolutionize construction lending

    Plans to use money to expand in residential and commercial construction
    Built, a provider of construction lending automation software and a 2017 HW Tech100 honoree as one of the top technology companies in the housing industry, announced this week that it raised $21 million that it plans to use to “transform” the construction lending industry.
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  • Are factory-made homes the future of housing?

    Solving construction labor shortage one robot at a time
    Housing inventory recently hit an all-time low as builders struggle to keep up with the rising demand. One factor in the low inventory has been a shortage of construction workers, but a new trend could remedy that as it produces homes made by robots.
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  • ADP: Private-sector jobs soar with gain of nearly 300K

    And construction industry wasn’t left behind
    As the market gears up for next week’s FOMC meeting, ADP released its private employment report, predicting an increase of nearly 300,000 jobs in February. This increase increases the chances of an already-anticipated rate hike in March. Also, an increase in construction labor could bring relief to an inventory-starved market.
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