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Construction productivity has been on the decline for decades. The labor shortage has cut into delivery times, forcing contractors to look for ways to do more with less. While contractors have been slow adopters of real estate technology, some firms have learned to adapt, turning to virtual reality and other related technology to get the job done. 
“We noticed over decades, efficiency and productivity have declined,” Suffolk Regional Manager in San Francisco Michael DiNapoli said. The need for more technological advancements grows more dire every year. The labor pool has shrunk 23% since 2007 and material costs have increased 10%…
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Initial Work Begins On Oakland's Tallest Residential Tower
Crews have begun demolition work on a parking garage in Oakland to make way for what will be the city's largest residential tower. Demolition of the Merchants Parking Garage at 1314 Franklin St. is the first step in Carmel Partners' plan to…
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Is Black Friday Still Relevant For Brick-And-Mortar Retail?Black Friday, the infamous U.S. shopping holiday known for bad behavior among deal seekers, who traditionally line up well before the crack of dawn to churn billions of dollars into the economy, may be on its deathbed. But it's not dead yet. That's because despite data that shows shoppers think Black Friday is the most stressful time to shop — not to mention the meteoric rise of e-commerce that fuels the apocalyptic foretelling of brick-and-mortar retail's demise — Black Friday is still the No. 1 sales weekend of the year. Yet, seismic change is afoot — and for retailers that do not adapt, Black Friday could very well become a relic of a bygone era. Bisnow reached out to more than 30 commercial real estate retail experts in the U.S. to ask one question: Is Black Friday still relevant for brick-and-mortar retail? |
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Concentrated Tech Talent Pools Emerge In New MarketsPools of young tech talent are flocking to burgeoning tech cities beyond major U.S. metros, a new report by JLL reveals. 
As more STEM (Science, Technology, Engineering and Mathematics) graduates enter the market, a large portion of the highly skilled talent is emerging beyond traditional tech hubs to markets like Indiana, Idaho and Alabama. While San Jose remains a leader in attracting the most talent…
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6 Little Luxuries Baby Boomers Could Give Up And Buy Every Millennial A HouseMillennials are having the same problems affording homes in big cities across the world. They are frequently being told they are too extravagant and need to save more to afford a deposit, usually by members of an older generation who benefited from decades of inflation in the price of their homes, jobs for life and gold-plated pensions. Millennials actually spend less on discretionary items on average than other age groups. So what can the older generation do to help? Instead of lecturing the young on lifestyle choices and things they can do without, the elder generation could give up the following things to aid millennials in purchasing their first homes. |
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