Construction News

Home buyers in South Florida are terrified of tainted Chinese drywall.
Some reject entire neighborhoods developed within the past seven years. Others don t want anything to do with builders known to have used Chinese drywall whatsoever. And, buyers who do sign contracts look for assurances that may not prove to be dependable.
Mike and Sandy Siegel are asking possible neighbors in the Tivoli Isles residential district [...]

Single Family Home Industry Shows Improvement
Total new housing starts have dropped significantly. April figures show that the number of starts is down 54.2 percent from April, 2008. There were only 458,000 homes started in the month. The Commerce Department reports that new housing starts are dropped at levels not seen since 1959. New building permits, another indicator of the health [...]

Home Sales In 2008
According to a report released today by the National Association of Home Builders, the total of new homes sales for 2008 was 482,000. Last week NAR released their sales data for existing homes that showed that total sales were 4.9 million. So total new and existing totaled 5.382 million.

This compares favorably with 1997 when there [...]

New Chicago Trump Tower Second Tallest in US
Chicago’s new 758-unit Trump Tower made front page news again yesterday after a Sikorsky S-61 helicopter spent more than four hours in blustery conditions on Saturday delivering the building’s communications “spire.” Now, Chicago’s newest luxury hotel and condominium building is officially the second tallest building in the United States at 1,361 feet – just 90 [...]

Naples City Council Plans to Overhaul 5th Avenue Lighting
Naples City Council informed Fifth Avenue South business owners, that an overhaul of the downtown lighting system would be a priority for them in the coming year.
But when those lights will be installed, and how much it will cost the city, is up in the air.
The street, Community Redevelopment Director Russ Adams said, is dark, especially [...]

Central Florida Industrial Construction Up 19.4%
Construction of new industrial projects has been the most active sector in the local commercial real estate industry lately, but the sector is expected to slow next year.
Nearly 1.66 million square feet of industrial space, which includes warehouse and distribution centers, was built in Central Florida during the first nine months this year. That’s 19.4 [...]

City Hall Looks at Building Islands on Naples Bay
A plan resurfaced Monday at City Hall to build islands on Naples Bay out of dredged material — but without the neighborhood outcry.
Homeowners along the bay’s eastern shore cried earlier this year when they saw engineering drawings showing a series of five islands, ranging from two acres to 12 acres, off their backyards.
The islands would [...]

UK Developer Opens Business in South Carolina
For many, the US at this moment is ripe for ‘buy low, sell high,’ but buying low does not mean simply buying something ‘cheap’…
It also requires being selective about quality and location. Many developers of higher end properties have come up with ways of enticing investment in a changed yet ironically competitive investment landscape.
UK [...]

America Goes Green
There has been a major rise in the number of American homes having green roofs put onto their homes.
Green roofs are vegetated layers that sit on top of the conventional roof surfaces of a building. Intensive green roofs are composed of relatively deep substrates and can support a wide range of plant types, from trees [...]

A Great Deal in Naples Florida Real Estate-Ginn Reunion Resort
Well, in case you or I had forgotten, this is a Naples Florida real estate website. I usually disuss many topics of interest on a variety of subjects related to Naples real estate and luxury living, however this time I wanted to share a terrific Naples real estate opportunity at Ginn Reunion Resort that was recently introduced to [...]

Collier Building Association 2008 Industry Panel
The Collier Building Industry Association will hold its 2008 Industry Panel on Jan. 31 at the Hilton Naples on U.S. 41. The program will provide an overview of all aspects of the building industry from advertising to commercial to remodeling. This year’s panelists include Todd Gates of Gates, Tom Lykos of The Lykos Group, Cheryl [...]
Fallout at WCI
WCI Communities Inc. (NYSE: WCI) shares dropped more than 50 percent on Wednesday, and Standard and Poor’s has reiterated its junk rating on the company, all because of concerns about the builder’s liquidity, according to published reports. WCI on Monday said it needed to negotiate financially flexible terms for its revolving line of credit and [...]

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