State taps Lendlease, Turner Construction for Javits expansion

The state entity that controls the Jacob K. Javits Convention Center selected Lendlease and Turner Construction to develop the exhibition hall’s 1.2 million-square-foot expansion. The directors of the New York Convention Center Development Corporation Tuesday chose the partnership as the design-builder of the project, which is expected to cost $1.55 billion, the Commercial Observer reported.   Lendlease[…]

City’s DOB chief opposes apprenticeship bill

NYC Department of Buildings Commissioner Rick Chandler is the latest member of the de Blasio administration to oppose a mandatory apprenticeship program for construction workers. Testifying on Tuesday before the City Council, Chandler said while the program has safety components, “they are primarily focused on teaching a trade,” Crain’s reported. Instead, Chandler said the agency[…]

Related Group’s Jorge Perez rebukes Trump’s plan for US-Mexico wall, calling it “idiotic”

From the South Florida website: Despite a longstanding friendship with Donald Trump, Miami’s condo king has spoken out against the president’s plan to build a wall along the U.S. border with Mexico, and his immigration and trade policies.  Jorge Perez, chairman and CEO of the Miami-based Related Group, declined an email invitation following the inauguration from the[…]

A multifamily boom in LA is born

From the Los Angeles winter issue: Developers have big Hollywood dreams, and their target audience is millennials. Several multifamily projects are slated to hit the Hollywood market over the next few years as young creative professionals clamor for apartments in the thriving new media hub. [more] … [more] Source: Real Estate

Jared Kushner sells stake in 666 Fifth Avenue

Jared Kushner sold his equity stake in 666 Fifth Avenue, once the most expensive office buildings in America. But the identity of the buyer and what they paid remains a mystery. Earlier this month, Kushner’s attorney Jamie Gorelick announced that upon taking the position of senior adviser in Donald Trump’s White House, Kushner would divest[…]