Cash Buyer New Jersey’s Post

I came across this article on Bisnow about the growing popularity of mass timber construction. It highlights how major developers are finding timber buildings lease faster at higher rents while reducing the carbon footprint. Hines mentioned being interested in more mixed-use (office and housing) timber buildings. As an architect, it's exciting to see real estate developers embracing the financial and experiential benefits of #MassTimber! #SustainableArchitecture #GreenBuilding #TexasCRE #RealEstateTrends

One of the world's largest property investors, Hines, with over $90 billion in assets across more than 30 countries, has embarked on a significant initiative to scale up its project investments in sustainable future endeavours on a pathway to a sustainable future. The focus is on renewable Plantation Forest trees processed into Cross Laminated Timber (CLT), a trend gaining global momentum. Numerous major urban projects worldwide are under construction or in advanced planning stages, utilizing CLT, including the world's tallest hybrid CLT office tower in MidCity Sydney. This shift towards sustainable construction practices represents a substantial investment of over $1 billion in major urban projects just with this hybrid CLT office tower in MidCity Sydney under construction. Furthermore, in Sweden, a groundbreaking entire eco-city project is about to begin early in the New Year, showcasing an unprecedented scale-up in CLT usage. This walkable eco-city is poised to create new opportunities for economic growth in Sweden's Green Industries and contribute to the nation's GDP. Meanwhile, in Australia, the Thrive Alliance consortia demonstrated their scalable solution last year, sponsored by BusinessNSW to various State government agencies has begun to scale up the Thrive Alliance's fast-to-market solutions could revolutionize the construction industry with fast-track solutions that are up to 75% faster to build than current inefficient, slow custom construction methods with vast shortages of tradies across Australia, CLT construction requires up to 65% skilled workforce on site. The Thrive Alliance's capabilities are up to 40,000 inclusive quality residential grade mid-rise apartments per year for the foreseeable future, led in Australia by a proven Placemaker over the decades in all my previous major urban projects won at either State or Local Government tenders with no mandatory requirements just through my initiative and sense of social responsibility setting aside between 30% to 50% for affordable housing. The Thrive Alliance has over 100,000 major CLT reference urban projects worldwide. #ThriveAlliance #AffordableHousing #CLT #SydneyHousingCrisis #fasttomarket #sustainability #inclusiveness #residentialgrade #midrise #townhouses #Harropfactor #Placemaker #SocialResponsibility

🌲🏢 It’s Faster & Safer: Mass Timber to Drive Mixed-Use ‘Sweet Spot’ 📉 Timber buildings are leasing faster and commanding premium rents compared to steel and concrete structures. Major real estate developers are now turning to mass timber, including cross-laminated timber (CLT) and glulam systems, to de-risk commercial and residential assets. 🔍 Key Insights: 1️⃣ Lighter and Greener: Mass timber buildings are 35% lighter and emit 40% less carbon than traditional buildings. This makes them attractive for developers looking to build sustainable, cost-effective mixed-use assets. 2️⃣ Rising Demand: Developers like Hines Real Estate and Howard Hughes Holdings are leading the charge, investing in mid-rise and high-rise timber office buildings. With $93.2 billion under management, Hines has developed 27 mass timber office buildings worldwide through its T3 portfolio. 3️⃣ Cost and Efficiency: While historically more expensive, timber systems are now just 5-10% higher than traditional materials. Advances in technology and supply chain improvements are driving down costs, making timber a more viable option for large-scale projects. 🌿 Building a Sustainable Future: Timber buildings are emerging as a “green magnet” for investment. They attract A-grade commercial tenants and offer faster construction timelines, saving time and money. The sustainability benefits are significant, with timber emitting at least 30% less carbon and potentially up to 70% when considering carbon capture. 📅 Industry Context: Real estate developers and architects embrace mass timber to build the next generation of mixed-use assets. Changes to building codes and centralised testing facilities are helping overcome insurance and fire risk barriers. 🔗 Explore the complete analysis of Hines’s mass timber initiatives and the future of sustainable construction: https://lnkd.in/gXpGE7WC 🗣️ #questionforgroup: How can the construction industry further leverage mass timber to enhance sustainability and efficiency in mixed-use developments? Please share your thoughts on the future of timber construction and its impact on real estate. 💬 Join the conversation on the benefits of mass timber, sustainable building practices, and the future of mixed-use developments. WoodSolutions Craig Rawlings WoodWorks #masstimber #sustainableconstruction #hines #howardhughesholding #woodcentral #realestatedevelopment #woodcentralau1 #austin #texas #mixeduse #commercial #office #midrise #highrise #clt #glulam #construction #engineering #woodworks #woodsolutions #insurance #fire #crosslaminatedtimber #esg #greenbuildings #netzero #netzero2030

🌲🏢 It’s Faster & Safer: Mass Timber to Drive Mixed-Use ‘Sweet Spot’ 📉 Timber buildings are leasing faster and commanding premium rents compared to steel and concrete structures. Major real estate developers are now turning to mass timber, including cross-laminated timber (CLT) and glulam systems, to de-risk commercial and residential assets. 🔍 Key Insights: 1️⃣ Lighter and Greener: Mass timber buildings are 35% lighter and emit 40% less carbon than traditional buildings. This makes them attractive for developers looking to build sustainable, cost-effective mixed-use assets. 2️⃣ Rising Demand: Developers like Hines Real Estate and Howard Hughes Holdings are leading the charge, investing in mid-rise and high-rise timber office buildings. With $93.2 billion under management, Hines has developed 27 mass timber office buildings worldwide through its T3 portfolio. 3️⃣ Cost and Efficiency: While historically more expensive, timber systems are now just 5-10% higher than traditional materials. Advances in technology and supply chain improvements are driving down costs, making timber a more viable option for large-scale projects. 🌿 Building a Sustainable Future: Timber buildings are emerging as a “green magnet” for investment. They attract A-grade commercial tenants and offer faster construction timelines, saving time and money. The sustainability benefits are significant, with timber emitting at least 30% less carbon and potentially up to 70% when considering carbon capture. 📅 Industry Context: Real estate developers and architects embrace mass timber to build the next generation of mixed-use assets. Changes to building codes and centralised testing facilities are helping overcome insurance and fire risk barriers. 🔗 Explore the complete analysis of Hines’s mass timber initiatives and the future of sustainable construction: https://lnkd.in/gXpGE7WC 🗣️ #questionforgroup: How can the construction industry further leverage mass timber to enhance sustainability and efficiency in mixed-use developments? Please share your thoughts on the future of timber construction and its impact on real estate. 💬 Join the conversation on the benefits of mass timber, sustainable building practices, and the future of mixed-use developments. WoodSolutions Craig Rawlings WoodWorks #masstimber #sustainableconstruction #hines #howardhughesholding #woodcentral #realestatedevelopment #woodcentralau1 #austin #texas #mixeduse #commercial #office #midrise #highrise #clt #glulam #construction #engineering #woodworks #woodsolutions #insurance #fire #crosslaminatedtimber #esg #greenbuildings #netzero #netzero2030

Key insights from our latest discussion on mass timber construction.

The DeVos and Van Andel families are planning a massive mixed-use project spanning three new towers with offices, a hotel and 671 residential units near Acrisure Amphitheater in downtown Grand Rapids. Officials with Progressive Companies and Michigan Growth Advisors shared plans for the $738.5 million project on a 6.9-acre site that previously included the Charley’s Crab restaurant and is now mostly surface parking. Dubbed Fulton & Market, the project calls for more than 1 million square feet of real estate and would feature the tallest building in Grand Rapids: A 43-story residential tower with 595 units and six floors of parking. A 27-story hotel and condo tower, which would share the parking deck with the residential tower, would include a 130-room “upscale” hotel and 76 condos above it. The third building, a 21-story office tower, could house 1,600 employees and would be one of the largest office buildings in the city's downtown. Leaders say the tower would be built to suit a single tenant, but did not identify one specifically. The team plans to seek about $543.5 million in state Transformational Brownfield Plan incentives for the project. Brad Thomas, president and CEO of architecture and engineering firm Progressive Companies, has been working on the concept design on behalf of the two families for about five years. He called the project part of a “grand vision” for 31 acres of riverfront property that emerged from a study commissioned in 2020 by Grand Action 2.0. “It’s one of the largest active riverfront revitalization projects in the country," Thomas said. Joe Agostinelli, CEcD, the lead consultant working on the incentives package, said the Fulton & Market development is especially expensive because the land, which used to be part of the river and was later filled in, needs to be “geotechnically” reinforced to support large buildings. The more than $738.5 million price tag would be impossible to meet without state incentives, he said. “The ($543.5 million in) incentives really make this project financially feasible," Agostinelli said. "(It) allows us to take a really underutilized 7-acre surface parking lot and build 1.2 million square feet of very dense, urban, mixed-use, vibrant development in the core of our downtown.” Read more from Rachel E. Watson: https://lnkd.in/g5-HmGJb

🏗️ Construction & Real Estate Update 🏡 The construction and real estate sectors are experiencing notable shifts: Office-to-Residential Conversions: With office vacancies at record highs, developers are repurposing unused office spaces into residential units. In 2024, 73 such projects were completed, with 309 more planned, aiming to add approximately 38,000 new residential units. This trend is revitalizing urban areas and addressing housing shortages. Victoria's Housing Market Decline: Once Australia's leader in home building, Victoria now lags behind Queensland, Western Australia, and South Australia. Factors include limited land availability, increased taxes, and rising construction costs, leading to a significant drop in housing activities. Quikrete's Strategic Acquisition: Anticipating a construction boom, Quikrete, the largest U.S. cement manufacturer, plans to acquire Summit Materials Inc. for $11.5 billion. This move aims to strengthen its position amid expected increases in housing demand and infrastructure spending. Mareterra District in Monaco: Set to open in December, the Mareterra district introduces some of the world's most expensive real estate, with prices reaching up to €120,000 per square meter. Designed by renowned architects, this eco-district emphasizes sustainability and adds significant value to Monaco's property market. 🤔 Thought-Provoking Question: If urban landscapes are reshaped by converting offices into homes, could the next frontier be transforming parking garages into vertical farms? 🚗➡️🌿 This post was generated by my custom-built personal agent, powered by LLMs and designed to operate my computer. If you're curious about how it works, feel free to ask!

Economic necessity has driven a surge in adaptive reuse with office buildings being converted into multi-family housing options and shopping malls being converted into residential units with adjacent entertainment facilities. For daily news and analysis subscribe to the https://lnkd.in/gkPc4uBJ newsletter. #Construction #Engineering #Infrastructure

This is for the US.. Sounds like a lot but it's only 14.8% of office stock available. See my comment below for some of the reasons.. https://lnkd.in/gDCqZnYE #developer #construction #planning #design #affordablehousing #affordablerentals #realestate #commercialrealestate #condos #realestateindustry #interestrates #loaninterest #inflation

INDUSTRY NEWS // In case you haven’t heard, there’s a massive new $500M Build-to-Rent tower in the works, and it’s turning heads in Melbourne’s Docklands! Lendlease has just announced it is partnering with Japanese firm Nippon Steel Kowa Real Estate (NSKRE) to make this towering marvel happen, but guess who’s been on the architectural drawing board since late 2023? That’s right, Cox Architecture! Cox has been shaping the plans for this beauty from day one, transforming an irregular-shaped site at Victoria Harbour into a sleek, modern living space. With Council already endorsing the project, it’s full steam ahead. Expect a design that’s as slick as it is sustainable, blending aesthetics with urban living like a fine-tuned symphony. This is more than just a building; it’s about creating a space that feels like home but also makes you stop and say “Wow!” every time you walk in the door. Build-to-Rent projects are on the rise, and Cox is at the forefront of making them both practical and breathtaking. Architects and Engineers, what’s your take on Build-to-Rent reshaping the urban landscape? Read more via Inside Construction AU.👇 #VividRecruitment #IndustryNews #Architecture #Engineering #UrbanDesign #BuildToRent Lee Stevens Nicholas Koop