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Daily News: Saturday 10/19/19

Design-Build: The Future of Project Delivery?

The fastest-growing project delivery method is a collaborative approach known as “design-build” according to the Design Build Institute of America. The approach allows owners, contractors, and designers to work together to deliver a project. By promoting teamwork in a traditionally compartmentalized industry, owners have more freedom to choose partners.


Minority-Owned Construction Firm Generating $30 Million Annually

An Idaho-based general contracting company, NNAC, is making headlines thanks to its leadership. The American Indian, woman-owned firm specializes in military and government construction projects. It is certified as an 8(a) business due in part to its ownership. Regina Lettau, a Cherokee woman, captains the company which has 30 active projects nationwide and generates over $30 million annually. 


Real Estate Firm Invests $150 Million in 18 Months

Coming just weeks after its $32.5 million purchase of a 486-unit community in East Point, Ga., Florida-based firm Blue Magma Residential LLC purchased the Park at Hairston Apartments in Stone Mountain, Ga. for $22.3 million. With the new acquisition of its 11th apartment building, the firm has nearly 4,000 units in Atlanta.


New Development Planned for Christiansburg, Va.

A community in Virginia could see more development. Two developers proposed bringing mixed use buildings to the fast-growing Peppers Ferry Road area of Christiansburg. Townhouses, apartments, office space, and a shopping center as well as a hotel are all in the works for 28 acres of land on Peppers Ferry Road Northeast.


Warehouse Construction in Dallas-Fort Worth Hits New High

In North Texas, almost 18 million square feet is occupied by warehouses. With the current construction in Dallas-Fort Worth, that number is projected to rise by 35 million square feet. The amount of industrial buildings in D-FW is greater than any other commercial construction combined.


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