The Future of Mixed-Use Development in Chicago
Mixed-used development has seen a resurgence as urban centers look for ways to revitalize central business districts post-pandemic.
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Mixed-used development has seen a resurgence as urban centers look for ways to revitalize central business districts post-pandemic.
The Future of Mixed-Use Development in Chicago Read Full Article »
Smart buildings have changed how we experience the built environment. Once deemed “cool” (and costly) features, smart building technology is a basic requirement for new builds—residential and commercial—and current owners view it as desirable for retrofitting existing, older structures.
The Future of New Builds: Integrating Smart Technology Read Full Article »
Despite the negative effects of the COVID-19 pandemic, commercial real estate in the United States still boasts an impressive valuation of $1.0 trillion, according to IBISWorld. Some experts also anticipate substantial growth for the sector in the coming years.
Commercial Real Estate Development: What Does it Involve? Read Full Article »
Construction managers can have challenging jobs — and some might even consider them the most important part of an entire project. True, owners set the vision, and project managers oversee the entire thing, making sure it starts well and finishes strong. The role of a construction manager is different. Construction manager duties involve the starting and finishing of the structure (or structures), the task of turning an empty space into an edifice. Unfortunately, owners and project managers don’t always understand a construction manager’s daily tasks, so when issues crop up, so can unnecessary conflicts.
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Generative AI is changing how the world works, and the property industry is no exception. GNP Realty and its development and acquisitions arm, The One Companies (ONE), are known for taking an innovative approach to business operations, notably in implementing cutting-edge technologies to benefit owners and investors.
AI Enables Productivity—Delivering Value to Investors and Owners Read Full Article »
According to the Project Management Institute, poor communication is the #1 reason for project failure. This is especially true in commercial construction projects due to the multiple stakeholders—the developer, architect, contractor, subcontractors, consultants, suppliers and investors.
Why Communication Matters in Commercial Construction Read Full Article »
People want to learn how to lead well. Just look at the perpetually burgeoning publishing field of leadership manuals. From time-worn classics such as Sun Tzu’s The Art of War and Dale Carnegie’s How to Win Friends and Influence People to newer additions such as Good to Great by Jim Collins and The 21 Irrefutable Laws of Leadership by John C. Maxwell, there’s no shortage of practical and inspirational tomes about how to become a great leader. However, these books often run into a common issue: Because they’re written for a general audience, implementing their recommendations can prove challenging when applying them to a specific field.
8 Necessary Skills Any Construction Project Manager Must Have Read Full Article »
Construction projects quickly become price propositions. Construction managers and construction companies understand how volatile raw materials prices can put pressure on a project. For instance, Mortgage News Daily recently reported how “even though lumber prices have recently declined, the National Association of Home Builders (NAHB) says builders are facing some of the fastest increases of other building material costs in history.” And while savvy managers have long known how to hedge against that particular risk, other less obvious pitfalls have plunged many projects into delay, decline, and downright failure.
8 Things that make a Construction Project Successful (And on Time!) Read Full Article »