sebastian obando

reporter @constructdive — in @adweek @nypost @nreionline @forbes @dailycaller @wmucsports @theleftbench. @UofMaryland alum

[Pillar Technologies @PillarTechInc]

New #Contech adoption will only skyrocket as their benefits are shown to vastly outweigh the perceived negatives. #Safety & faster decision making will come from analysis of these new streams of #data.

https://t.co/mxUw2GQ6ke
@JLL @constructdive @Sgo96 @JllTechnologies #startups

[sebastian obando @Sgo96]

Wrapping up @NewYorkBuild 2023 expo in NYC

[sebastian obando @Sgo96]

Residential builders are cautiously optimistic about the housing market, despite lingering high construction costs and supply chain issues, according to the National Association of Home Builders.

“Conditions continue to be sluggis…https://t.co/aiWjkXQ1Xq https://t.co/mG7t6ITSOi

[sebastian obando @Sgo96]

Agilent Technologies, a Santa Clara, California-based biotechnology research company, has selected New York City-based Turner Construction Company to build its $725 million manufacturing facility expansion in Frederick, Colorado, a…https://t.co/jxQL9dpxIF https://t.co/y3sD4UX9BS

[sebastian obando @Sgo96]

New Jersey @GovMurphy announced the availability of $350 million for school construction projects throughout the state.

This type of government spending in 2023 should continue to hold up institutional activity this year.
https://t.co/qyvlpL61KX

[sebastian obando @Sgo96]

Tech firm @intel hit cancel on a $700M lab amid a chip demand drop. That follows other tech giants' moves, such as Meta & Google, to also halt data center projects.

But @PCLConstruction doesn't expect a tech slowdown to dent data center construction.
https://t.co/lj8EM0lC5J

[sebastian obando @Sgo96]

Tesla plans a $776M expansion to its electric vehicle factory in Austin, TX, per filings w/ @tdlrlicense.
Manufacturing starts, like EV plants, remain one of the few bright spots in commercial construction, said Richard Branch, @DodgeData chief economist.
https://t.co/CbrgW7DSKT

[sebastian obando @Sgo96]

Nonresidential construction starts tumbled 25% in Nov., according to a @DodgeData report.

“Next year will be a challenge, but nothing like what the sector faced during the Great Recession,” said Richard Branch, chief economist at Dodge.
https://t.co/aPd1PTFUXy

[sebastian obando @Sgo96]

"[Jacobs Solutions'] backlog was lackluster in what's typically a strong bookings quarter," said Andrew Wittmann, senior research analyst with @rwbaird. "[Report was] not the kind of quarter that gets investors excited."
$J
https://t.co/nDUSPshtK0

[sebastian obando @Sgo96]

National industrial construction pipeline increased to an all-time high, according to a @Newmark report.

But pace of absorption decelerated at the quickest rate since Q3 2021

https://t.co/NMDxB0g0Xs

[Construction Dive @constructdive]

Construction claims can be difficult to deal with. Here are their top 10 causes.

https://t.co/pXu6EALKDj

[sebastian obando @Sgo96]

“Before you get your building permits, you’re going to have to hire an exterminator,” said @ebottcher during a NYC council meeting yesterday. “It’s common sense.”

@bdgcongress supports the Rat Action Plan, new laws with a direct impact on NYC contractors

https://t.co/2sm55hMSi0

[sebastian obando @Sgo96]

Immigration is the top policy concern, per @Littler. Any reform aids construction, said @MorgantiGroup Stephen Sines.

But it will likely go unaddressed, said @ABCGovAffairs Kristen Swearingen.
Few [politicians] acting on this, said @AGCofA Brian Turmail.
https://t.co/XalAJRxRXX

[sebastian obando @Sgo96]

Office valuations in New York City are forecasted to decline by as much as 39% by 2029 due to remote work trends, according to research from @arpitrage, @VrindaMittal2 & @SVNieuwerburgh.

https://t.co/YSP8JCOUl7

[sebastian obando @Sgo96]

Infrastructure expansion, like the @LIRR, is a big tailwind for @JacobsConnects’ long-term growth, despite muted guidance from $J latest earnings call, said Matt Arnold, industrial analyst w/ @EdwardJones.

https://t.co/R746mHC8N7

[sebastian obando @Sgo96]

High costs of financing and construction services cause nonresidential construction spending to fall 0.4% in August, according to @ABCNational.

But ABC chief economist @SageAnirban said many contractors still remain in expansion mode.

https://t.co/Lbphj1EZLx

[urbanengineers @UrbanEngineers]

The U.S. Department of Commerce released its road map for how it will spend the lion’s share of the $52 billion CHIPS Act, outlining its strategy to spur long-term growth in the domestic semiconductor industry: https://t.co/FzanhUAc6j (via @Sgo96)

[Epstein Becker Green @ebglaw]

Health care construction tends to stay in demand, even in down cycles. Attorney Christopher Dunn comments in a @ConstructDive article by Sebastian Obando @Sgo96.

#healthcare #construction

https://t.co/fdrJwmzr0h

[sebastian obando @Sgo96]

The @CommerceGov released its plans for how #CHIPSAct money will be spent.

But Davis-Bacon requirements could limit ability of otherwise qualified small businesses from participating in these projects, said Peter Comstock, senior director at @AGCofA. https://t.co/bRWf2xXBZ5

[sebastian obando @Sgo96]

Healthcare projects move forward despite costs, said Chris Hopper, exec VP @SkanskaUSA. Lead times add to problem too, said Eric Peabody, principal @TaylorTalk

Activity was 2nd highest in Q2, per @PSMJ_Resources. @Messerwearebldg reports strong pipeline
https://t.co/yBqwwCi3be