The office-to-residential conversion pipeline has seen year-over-year growth as a result of post-pandemic workplace shifts and the push for more housing. While ground-up multifamily construction projects have generally seen an overall decline in...
The green movement has reached a tipping point. Sustainable practices are showing up in nearly every industry and neighborhood across the U.S. There are now more than 4 million solar panels installed across all 50 states. There are more than 196,000...
Not many phrases in the multifamily construction industry stir up as much debate as “value engineering.” For architects, it often hints at potential design compromises in service of the budget. But what if this perception misses the true...
With summer just around the corner, property managers across Chicagoland are prepping their multifamily properties with innovative outdoor amenities that continue to take resident experiences up a notch, year after year. We're not referring to...
A few years ago, a construction survey revealed a $177 billion industry problem. The cost of rework and conflict resolution was causing a massive financial burden across the sector. Rework alone is estimated to average around 12% of total project...
Multifamily renovations are rising to the top of capital plans as owners look to modernize Chicago’s aging housing stock without disrupting occupancy. These in-place projects shift the focus from pure construction logistics to people-centered...
Every construction project has its twists and turns, with unexpected challenges inevitably arising along the way. Now more than ever, expecting the unexpected is par for the course. From material delays and client change orders to peeling back...
The real estate sector contributes 42% of global carbon dioxide emissions, a figure that’s turning heads in the industry and fueling a growing interest in sustainable building practices. By 2034, energy-efficient construction is projected to...
Multifamily properties have long been recognized as one of the most resilient real estate asset classes. At the same time, rising operating expenses, higher material costs and routine resident turnover are taking a bite out of real returns, making...
Chicago’s multifamily market is evolving fast. While demand remains high, competition is fiercer than ever. With 7,200 new units entering the market this year and aging properties struggling to keep pace, property managers who fail to modernize risk...
