Construction “gigaprojects” are initiatives with expenses of well over $1 billion and which involve time periods of well over five years. They are engagements whose extraordinary size, duration and complexity might induce even the most seasoned of project professionals to rethink how they “do contracts.” The prospect of a gigaproject…
In our latest roundup, AI cuts disaster infrastructure losses, multifamily drives increase in CRE delinquency rates, commercial services firms lead in office and industrial leasing activity, and more! AI applications such as predictive maintenance and digital twins could prevent 15% of projected natural disaster losses to power grids, water systems…
UPDATED August 2025: What a difference eight years make. This article was originally published in 2014 and was updated in 2017. We have again updated the links to the relevant agency resources. The question frequently arises for participants in a nationwide construction contracting industry. Simply stated, is a licensed contractor…
In our latest roundup, more office space is being demolished/converted than built, Landingplace Hotels launches two conversation brands, developers cite expenses with low-income housing, and more! A new White House directive aims to accelerate federal permitting and unlock financial incentives for large-scale data center builds, along with related energy and…
Our latest roundup features adaptive reuse in the hospitality industry, falling home prices in major markets, loan maturity in real estate, and more! Builders are ramping up their own venture funding arms, and they’re looking for startups that are commercial-ready, rather than starting out. (Matthew Thibault, Construction Dive) Adaptive reuse…
In our latest roundup, REITs ramp up development, U.S. water infrastructure funding plateaus, Giant’s mixed-use development raises questions, and more! Although the Trump administration’s policies are creating uncertainty, many of multifamily’s biggest public companies see an opportunity to start construction. (Leslie Shaver, Construction Dive) Two federal departments formed a task…
In our latest roundup, the Tampa Bay Rays pull out of a stadium deal, the National Association of Realtors examines another policy change, energy efficiency measures continue to lower operating expenses, and more! For construction firms, the advancement of AI means even nontechnical users can now create applications. (Sebastian Obando,…
In our latest roundup, Wells Fargo sues JPMorgan Chase, mortgage rates drop, and the life science RE market falters, and more! Three months into 2025, the artificial intelligence arms race continues for builders as large contractors develop their own AI-based tools to aid their construction processes. (Matthew Thibault, Construction Dive)…
In our latest roundup, hybrid work creates hope for the office sector, Texas lawmakers ease office-to-residential conversations, service-based tenants are expected to lease more retail space, and more! While demand is expected to remain strong, policy uncertainty and interest rates could pose problems in the coming year for renters. (Mary…
In our latest roundup, tech giants invest in new data centers, senators introduce bill aimed at price-setting algorithms, DoD stops PLA requirements, and more! The real estate industry is embracing AI for enhancements across a wide range of applications. (Kathleen Walch, Forbes) A joint venture among OpenAI, Softbank and Oracle…