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Tag: construction

  • LUD, Al-Amal partner for construction of Apex Business Complex in Egypt

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    Lozan Urban Developments (LUD) has entered into a partnership agreement with Al-Amal Engineering & General Contracting Company to commence the construction of the Apex Business Complex in the New Administrative Capital of Egypt, reported Daily News Egypt.

    The collaboration follows the completion of preliminary shoring works and the acquisition of necessary excavation permits.

    The Apex Business Complex is scheduled for completion in December 2027, aligning with the timelines of the Administrative Capital for Urban Development (ACUD).

    LUD chairperson Adel Abdel Moneim said: “The foundation of any successful, fully integrated project lies in working with entities that have proven execution capabilities.”

    Situated in the centre of the Downtown area of the New Administrative Capital, the Apex Business Complex’s architectural design will include two interconnected towers that incorporate large open areas and elegant glass exteriors.

    The development will include commercial, administrative, and medical facilities in one location.

    The project will cover an area of approximately 2,600m2, with a large section designated for a central plaza.

    It will comprise 13 levels of office and commercial space, along with a ground floor and three underground levels intended for parking.

    Al-Amal Engineering was chosen for the project due to its proven history of completing construction projects efficiently and adhering to quality standards, LUD stated.

    This collaboration is intended to guarantee that the Apex Business Complex aligns with the stringent urban development criteria set by ACUD.

    Al-Amal chairperson Haitham Farhat said: “At Al-Amal, we are committed to adhering to the highest standards of execution while meeting the project’s timeline, ensuring the Apex Business Complex becomes a model for future developments in the New Capital.”

    “LUD, Al-Amal partner for construction of Apex Business Complex in Egypt” was originally created and published by World Construction Network, a GlobalData owned brand.

     


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  • Bridge under construction in China collapses into Yellow River, killing at least 12 people, state media say

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    Beijing — At least 12 people were killed and four left missing after part of a bridge under construction collapsed Friday in northwest China, state media reported. A video published by state broadcaster CCTV showed the middle of the bridge’s arch section suddenly giving way and plunging into the waters of the Yellow River below.
      
    The cause was a steel cable failure, state news agency Xinhua said.

    The People’s Daily newspaper said 15 workers and a project manager were on-site at the time. The death toll was initially reported as seven by the newspaper, but subsequent reports put it at six and then state TV doubled the toll.

    According to CCTV’s report, at least 91 rescue vehicles, including 27 boats, a helicopter and five robots, along with 806 personnel, were deployed to help with the search and rescue effort. The state-run network said six hospitals in the region were prepared to intake victims for treatment.

    The bridge on the Sichuan-Qinghai Railway is the world’s largest-span double-track continuous steel truss arch bridge, according to People’s Daily.

    A file photo from Dec. 20, 2024, shows construction underway on the Jianzha Yellow River Bridge, a key project of the Sichuan-Qinghai Railway in Jianzha County, Qinghai Province, China. A central arch of the still-under-construction bridge collapsed on Aug. 22, 2025, killing at least six people according to state media.

    Costfoto/NurPhoto/Getty


    It is also China’s first railway steel truss arch bridge spanning the Yellow River — the country’s second longest — the report said.

    Images published on state media show the partially built bridge, its middle section missing and two giant scaffolding towers and several cranes alongside it.

    Hundreds of rescue workers were mobilized for the search and rescue operation, Xinhua said.

    Industrial accidents are fairly common in China due to vague regulations and lax safety standards.

    In December last year, 13 people went missing after a cave-in at a construction site for a major railway in the southern Chinese city of Shenzhen. There were no reports of survivors.

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  • Court halts construction of Everglades immigrant detention camp

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    A federal judge has ordered the State of Florida to halt all new construction and dismantle infrastructure at a migrant detention camp in the Big Cypress National Preserve within 60 days, following a lawsuit from environmental groups.The injunction was issued after Friends of the Everglades, Inc. and the Center for Biological Diversity filed a lawsuit arguing that the project violates environmental laws and threatens sensitive ecosystems.The lawsuit, filed on June 27, seeks to halt construction until compliance with federal, state, and local laws, including the National Environmental Policy Act (NEPA) and the Administrative Procedure Act (APA).The Florida Division of Emergency Management (FDEM) assumed control of the airport on June 23, and construction commenced without a prior environmental assessment.Governor Ron DeSantis announced that the federal government had requested and would fully fund the center. Plaintiffs contend that the camp’s construction risks harming wetlands, wildlife, and air and water quality in the preserve, which is critical for endangered species and is located near Everglades National Park.A Motion for Preliminary Injunction was filed to prevent development until NEPA and APA compliance.FDEM Deputy Executive Director Keith Pruett said, “Florida is funding the project, expecting federal reimbursement, and believes the environmental impact will be minimal due to the airport’s existing infrastructure.” Representative Dr. Anna V. Eskamani served as an expert witness on this case, and below is her statement in response:“Today’s injunction is a resounding victory for Florida’s environment and for justice. The Everglades is one of the most unique and fragile ecosystems in the world, and the idea of carving it up for a sprawling detention camp was both reckless and cruel. This ruling protects our wetlands, our wildlife, and our water supply, while also affirming that we cannot sacrifice human dignity for political gain. Florida deserves solutions that protect people and the planet — not projects that devastate both.”WESH 2 has reached out to the Department of Homeland Security for comment. We have not heard back yet.

    A federal judge has ordered the State of Florida to halt all new construction and dismantle infrastructure at a migrant detention camp in the Big Cypress National Preserve within 60 days, following a lawsuit from environmental groups.

    The injunction was issued after Friends of the Everglades, Inc. and the Center for Biological Diversity filed a lawsuit arguing that the project violates environmental laws and threatens sensitive ecosystems.

    The lawsuit, filed on June 27, seeks to halt construction until compliance with federal, state, and local laws, including the National Environmental Policy Act (NEPA) and the Administrative Procedure Act (APA).

    The Florida Division of Emergency Management (FDEM) assumed control of the airport on June 23, and construction commenced without a prior environmental assessment.

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    Governor Ron DeSantis announced that the federal government had requested and would fully fund the center. Plaintiffs contend that the camp’s construction risks harming wetlands, wildlife, and air and water quality in the preserve, which is critical for endangered species and is located near Everglades National Park.

    A Motion for Preliminary Injunction was filed to prevent development until NEPA and APA compliance.

    FDEM Deputy Executive Director Keith Pruett said, “Florida is funding the project, expecting federal reimbursement, and believes the environmental impact will be minimal due to the airport’s existing infrastructure.”

    Representative Dr. Anna V. Eskamani served as an expert witness on this case, and below is her statement in response:

    “Today’s injunction is a resounding victory for Florida’s environment and for justice. The Everglades is one of the most unique and fragile ecosystems in the world, and the idea of carving it up for a sprawling detention camp was both reckless and cruel. This ruling protects our wetlands, our wildlife, and our water supply, while also affirming that we cannot sacrifice human dignity for political gain. Florida deserves solutions that protect people and the planet — not projects that devastate both.”

    WESH 2 has reached out to the Department of Homeland Security for comment. We have not heard back yet.

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  • Dozens of Denver bridges are ‘deficient,’ so we took a tour

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    According to Denver’s Department of Transportation & Infrastructure, there are six bridges in the city in need of repair or full replacement.

    Beneath the new and old Monaco Street Parkway bridges over the Cherry Creek, as the old one is being phased out. July 9, 2025.

    Kevin J. Beaty/Denverite

    The Monaco Street bridge over Cherry Creek has been cut in half.

    One side of the bridge is under heavy construction. Workers in helmets and protective gear walk by, and the sound of welding sneaks in between car horns. The other side is filled with traffic and the occasional pedestrian jumping as a car zooms by the tiny sidewalk.

    The $12.7 million replacement project began in October to address steel fatigue, water degradation and overall aging. The Monaco Street bridge was built 60 years ago with steel girders that aren’t so easy to maintain or repair now.

    Denver’s new Monaco Street Parkway bridge over the Cherry Creek (left) and the old one that’s on its way out. July 9, 2025.
    Kevin J. Beaty/Denverite

    “ [Steel fatigue] is a small stress that’s repeated over and over and over again can cause cracking. When that crack propagates, it can happen very suddenly,” said Patrick Bergman, senior engineer with DOTI’s bridge group. The issue, he said, is with the  “detailing” of the bridge’s steel components — the way they are designed and connected.

    “Steel, if it’s not detailed properly or it’s a detail that was popular in the 1960s that has been improved upon since then, is difficult to retrofit. It’s difficult to do anything about it in place,” Bergman said.

    Patrick Bergman, senior engineer with Denver’s Department of Transportation and Infrastructure, stands beneath the new Monaco Street Parkway bridge over the Cherry Creek. July 9, 2025.
    Kevin J. Beaty/Denverite

    The project, which also includes an expanded sidewalk, is slated to wrap up next summer. 

    It’s one of the local Department of Transportation and Infrastructure’s biggest bridge replacement projects, but hardly the last one.

    In June, the department released a report that identified six bridges in need of repair or replacement. Three of them — the 6th Avenue and Lincoln Street bridges over Cherry Creek, and the Smith Road bridge over Quebec Street — will require full bridge replacements. 

    The Quebec Street over Airlawn Road bridge also needs to be removed, and the 6th and 8th avenue viaducts are slated for modifications.

    Each one was built over 50 years ago.

    The city report found about 14 percent of the city’s vehicular bridges are “structurally deficient,” a rate higher than the national average of 9 percent. Close to 80 of the 642 bridges in the city require some form of modification, monitoring or replacement.

    Discoloration on the underside of the Monaco Street Parkway bridge, over the Cherry Creek, is an indication that water has gotten into the structure. July 9, 2025.
    Kevin J. Beaty/Denverite
    Discoloration on the underside of the Monaco Street Parkway bridge, over the Cherry Creek, is an indication that water has gotten into the structure. July 9, 2025.
    Kevin J. Beaty/Denverite

    “Structurally deficient” means that one of the bridge’s main components — deck, superstructure, substructure or culvert — was rated in poor condition. This assessment is performed by city engineers following guidelines set by the Federal Highway Administration (FHWA) and the National Bridge Inspection Standards (NBIS).

    Bergman clarified that a “structurally deficient” rating does not mean the bridges are about to fall down or are “unsafe to operate.” Rather, it’s a call for closer monitoring and assessment to determine which bridges might need rehabilitation or replacement. Some bridges could even be “load posted,” with the city placing weight limits for vehicles on the structure.

    A number of factors can contribute to bridge degradation and poor condition: age of the bridge, exposure to natural elements like flooding and traffic patterns. There are also considerations about when the bridge was built and what materials were used at the time.

    “The term ‘structurally deficient’ was defined to encompass more than just the structural condition of a bridge, and so it is possible that you can have a bridge in good condition, but it was designed to an older code,” Bergman said. “So it wasn’t designed for the vehicles that it’s seeing nowadays.”

    Identifying these projects is just the first step. Paying for them is a different story.

    While DOTI currently receives $7 million each year from Capital Improvement Funding for bridge work, city officials say they would need another $22 million per year for bridge work. The city funded the Monaco Street bridge work with the Elevate Denver bond package, which voters approved in 2017.

    Denver’s new Monaco Street Parkway bridge over the Cherry Creek (right) and the old one that’s on its way out. July 9, 2025.
    Kevin J. Beaty/Denverite

    Now, the proposed Vibrant Denver bond includes nearly $170 million for four of DOTI’s priority projects — the 6th and 8th avenue viaducts and the Cherry Creek bridges. The Quebec Street bridge was included in an initial project list, but was cut out of the final proposal. 

    Replacement of the Smith Road bridge over Quebec Street was not included.

    Voters will choose whether to approve that money — and hundreds of millions for other projects — in November.

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  • New 51-story apartment tower in downtown L.A. gets city nod

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    A residential skyscraper has been approved in the South Park neighborhood of downtown Los Angeles, though it’s unclear how soon construction will begin.

    The City Council last week signed off on a proposed 51-story apartment tower at 11th and Olive streets, a few blocks east of Crypto.com Arena and the L.A. Live entertainment district.

    New York developer Mack Real Estate Development declined to talk about the planned tower, but documents filed with the city show a tall tower with 536 rental units and ground floor spaces for bars, restaurants and other retail uses. It would have parking for 581 vehicles both underground and above ground.

    The site at 1105 S. Olive St. is now a surface parking lot.

    When asked when construction of the project might begin, a representative for Mack Real Estate said the company had no comment.

    Even though demand for housing is high in Los Angeles, it’s challenging to construct ground-up multi-unit housing in the current financial climate, urban development consultant Hamid Behdad said.

    Costs have risen and grown more unpredictable on multiple fronts, Behdad said, raising uncertainty for developers about whether they will be able to rent or sell new units profitably after completing them.

    Top hurdles include high interest rates for borrowing money to finance construction. New tariffs are driving up the cost of imported construction materials while raising uncertainty about how long the tariffs may last or what new ones may arise.

    Labor costs have also been increasing in recent years, Behdad said, and the recent Immigration and Customs Enforcement raids have added a destabilizing effect on the construction labor pool.

    Some developers who have downtown projects approved but not built are trying to sell them to other developers or investors, he said.

    “Nothing is easy,” Behdad said.

    South Park, though, is one of downtown’s most vibrant neighborhoods where thousands of new residences have been built in recent years, said Nick Griffin, executive director of the privately funded Downtown Center Business Improvement District, a nonprofit coalition of more than 2,000 property owners.

    There is “a demonstrable underlying demand for housing more across the city and region, but specifically in downtown with the occupancy rate at a pretty steady 90% or so,” he said.

    The location of Mack Real Estate’s planned project has already proved desirable to developers, Griffin said.

    “There have already been several significant projects built along that stretch and there are another four large-scale projects within a couple of blocks, so you’re you’re talking about a significant residential hub” that stands to attract new residents and more development, he said.

    Griffin said he hopes developers like Mack Real Estate are getting their projects ready for market conditions to change in the next six months to two years.

    “Financial conditions are going to align themselves at some point in the not too distant future,” he said, “and they want to have their projects teed up and ready to go.”

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    Roger Vincent

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  • Essex Heritage completes work on lighthouse

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    SALEM — The Essex National Heritage Commission recently completed critical masonry restoration work at the 234-year-old Baker’s Island Light Station with opportunities to tour the site later this month.

    The $30,000 preservation project sought to preserve the structural integrity of the historic lighthouse tower and keepers’ houses for future generations. The work, which took place throughout the summer, included repointing of the lighthouse’s brick masonry interior and restoration of three historic brick chimneys on the keepers’ houses, according to Essex Heritage.


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    By Michael McHugh | Staff Writer

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  • Americans may aspire to single-family homes, but in South Korea, apartments are king

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    For many Americans, the apartment where 29-year-old IT specialist Lee Chang-hee lives might be the stuff of nightmares.

    Located just outside the capital of Seoul, the building isn’t very tall — just 16 stories — by South Korean standards, but the complex consists of 36 separate structures, which are nearly identical except for the building number displayed on their sides.

    The 2,000-plus units come in the same standardized dimensions found everywhere in the country (Lee lives in a “84C,” which has 84 square meters, or about 900 square feet, of floor space) and offer, in some ways, a ready-made life. The amenities scattered throughout the campus include a rock garden with a fake waterfall, a playground, a gym, an administration office, a senior center and a “moms cafe.”

    But this, for the most part, is South Korea’s middle-class dream of homeownership — its version of a house with the white picket fence.

    “The bigger the apartment complex, the better the surrounding infrastructure, like public transportation, schools, hospitals, grocery stories, parks and so on,” Lee said. “I like how easy it is to communicate with the neighbors in the complex because there’s a well-run online community.”

    Apartment blocks are the predominant housing format in Seoul.

    (Universal Images Group via Getty Images)

    Most in the country would agree: Today, 64% of South Korean households live in such multifamily housing, the majority of them in apartments with five or more stories.

    Such a reality seems unimaginable in cities like Los Angeles, which has limited or prohibited the construction of dense housing in single-family zones.

    “Los Angeles is often seen as an endless tableau of individual houses, each with their own yard and garden,” Max Podemski, an L.A.-based urban planner, wrote in The Times last year. “Apartment buildings are anathema to the city’s ethos.”

    In recent years, the price of that ethos has become increasingly apparent in the form of a severe housing shortage. In the city of Los Angeles, where nearly 75% of all residential land is zoned for stand-alone single-family homes, rents have been in a seemingly endless ascent, contributing to one of the worst homelessness crises in the country. As a remedy, the state of California has ordered the construction of more than 450,000 new housing units by 2029.

    The plan will almost certainly require the building of some form of apartment-style housing, but construction has lagged amid fierce resistance.

    Sixty years ago, South Korea stood at a similar crossroads. But the series of urban housing policies it implemented led to the primacy of the apartment, and in doing so, transformed South Korean notions of housing over the course of a single generation.

    The results of that program have been mixed. But in one important respect, at least, it has been successful: Seoul, which is half the size of the city of L.A., is home to a population of 9.6 million — compared with the estimated 3.3 million people who live here.

    For Lee, the trade-off is a worthwhile one.

    In an ideal world, she would have a garage for the sort of garage sales she’s admired in American movies. “But South Korea is a small country,” she said. “It is necessary to use space as efficiently as possible.”

    Apartments, in her view, have spared her from the miseries of suburban housing. Restaurants and stores are close by. Easy access to public transportation means she doesn’t need a car to get everywhere.

    “Maybe it’s because of my Korean need to have everything done quickly, but I think it’d be uncomfortable to live somewhere that doesn’t have these things within reach at all times,” she said. “I like to go out at night; I think it would be boring to have all the lights go off at 9 p.m.”

    A general view shows steam rising from office and apartment buildings that define the Seoul skyline.

    A general view shows steam rising from office and apartment buildings that define the Seoul skyline. (Ed Jones / AFP via Getty Images)

    Apartment buildings light up in the evening as people return home from work in Seoul

    Apartment buildings light up in the evening as people return home from work in Seoul on March 25, 2021. (Marcus Yam / Los Angeles Times)

    ::

    Apartments first began appearing in South Korea in the 1960s and 1970s, as part of a government response to a housing crisis in the nation’s capital — a byproduct of the era’s rapid industrialization and subsequent urban population boom.

    In the 1960s, single-family detached dwellings made up around 95% of homes in the country. But over the following decade, as rural migrants flooded Seoul in search of factory work, doubling the population from 2.4 to 5.5 million, many in this new urban working class found themselves without homes. As a result, many of them settled in shantytowns on the city’s outskirts, living in makeshift sheet-metal homes.

    The authoritarian government at the time, led by a former army general named Park Chung-hee, declared apartments to be the solution and embarked on a building spree that would continue under subsequent administrations. Eased height restrictions and incentives for construction companies helped add between 20,000 to 100,000 new apartment units every year.

    They were pushed by political leaders in South Korea as a high-tech modernist paradise, soon making them the most desirable form of housing for the middle and upper classes. Known as apateu, which specifically refers to a high-rise apartment building built as part of a larger complex — as distinct from lower stand-alone buildings — they symbolized Western cachet and upward social mobility.

    “Around the late 1990s and early 2000s, almost every big-name celebrity at the time appeared in apartment commercials,” recalled Jung Heon-mok, an anthropologist at the Academy of Korean Studies who has studied the history of South Korean apartments. “But the biggest reason that apartments proliferated as they did was because they were done at scale, in complexes of five buildings or more.”

    Essential to the modern apateu are the amenities — such as on-site kindergartens or convenience stores — that allow them to function like miniature towns. This has also turned them into branded commodities and class signifiers, built by construction conglomerates like Samsung, and taking on names like “castle” or “palace.” (One of the first such branded apartment complexes was Trump Tower, a luxury development built in Seoul in the late 1990s by a construction firm that licensed the name of Donald Trump.)

    All of this has made the detached single-family home, for the most part, obsolete. In Seoul, such homes now make up just 10% of the housing stock. Among many younger South Koreans like Lee, they are associated with retirement in the countryside, or, as she puts it: for “grilling in the garden for your grandkids.”

    ::

    This model has not been without problems.

    There are the usual issues that come with dense housing. In buildings with poor soundproofing, “inter-floor noise” between units is such a universal scourge that the government runs a noise-related dispute resolution center while discouraging people from angrily confronting their neighbors, a situation that occasionally escalates into headline-making violence.

    Some apartment buildings have proved to be too much even for a country accustomed to unsentimentally efficient forms of housing. One 19-story, 4,635-unit complex built by a big-name apartment brand in one of the wealthiest areas of Seoul looks so oppressive that it has become a curiosity, mocked by some as a prison or chicken coop.

    Apartment complexes in Seoul, South Korea, on Saturday, Oct. 5, 2024

    Apartment complexes in Seoul on Oct. 5, 2024. Apartments first began appearing in South Korea in 1960s and 1970s, as part of a government response to a housing crisis in the nation’s capital.

    (Tina Hsu / Bloomberg via Getty Images)

    The sheer number of apartments has prompted criticism of Seoul’s skyline as sterile and ugly. South Koreans have described its uniform, rectangular columns as “matchboxes.” And despite the aspirations attached to them, there is also a wariness about a culture where homes are built in such disposable, assembly line-like fashion.

    Many people here are increasingly questioning how this form of housing, with its nearly identical layouts, has shaped the disposition of contemporary South Korean society, often criticized by its own members as overly homogenized and lockstep.

    “I’m concerned that apartments have made South Koreans’ lifestyles too similar,” said Maing Pil-soo, an architect and urban planning professor at Seoul National University. “And with similar lifestyles, you end up with a similar way of thinking. Much like the cityscape itself, everything becomes flattened and uniform.”

    Jung, the anthropologist, believes South Korea’s apartment complexes, with their promise of an atomized, frictionless life, have eroded the more expansive social bonds that defined traditional society — like those that extended across entire villages — making its inhabitants more individualistic and insular.

    “At the end of the day, apartments here are undoubtedly extremely convenient — that’s why they became so popular,” he said. “But part of that convenience is because they insulate you from the concerns of the wider world. Once you’re inside your complex and in your home, you don’t have to pay attention to your neighbors or their issues.”

    Still, Jung says this uniformity isn’t all bad. It is what made them such easily scalable solutions to the housing crisis of decades past. It is also, in some ways, an equalizing force.

    “I think apartments are partly why certain types of social inequalities you see in the U.S. are comparatively less severe in South Korea,” he said.

    Though many branded apartment complexes now resemble gated communities with exclusionary homeowner associations, Jung points out that on the whole, the dominance of multifamily housing has inadvertently encouraged more social mixing between classes, a physical closeness that creates the sense that everyone is inhabiting the same broader space.

    Even Seoul’s wealthiest neighborhoods feel, to an extent that is hard to see in many American cities, porous and accessible. Wealthier often means having a nicer apartment, but an apartment all the same, existing in the same environs as those in a different price range.

    “And even though we occasionally use disparaging terms like ‘chicken coop’ to describe them, once you actually step inside one of those apartments, they don’t feel like that at all,” Jung said. “They really are quite comfortable and nice.”

    ::

    People pose for photos among a field of cosmos flowers in front of high-rise apartment buildings in Goyang, west of Seoul.
    In South Korea, the detached single-family home is, for the most part, obsolete. In Seoul, such homes now make up just 10% of the housing stock.

    People pose for photos among a field of cosmos flowers in front of high-rise apartment buildings in Goyang, west of Seoul. (Ed Jones / AFP via Getty Images)

    None of this, however, has been able to stave off Seoul’s own present-day housing affordability crisis.

    The capital has one of the most expensive apartment prices in the world on a price-per-square-meter basis, ranking fourth after Hong Kong, Zurich and Singapore, and ahead of major U.S. cities like New York or San Francisco, according to a report published last month by Deutsche Bank. One especially brutal stretch recently saw apartment prices in Seoul double in four years.

    Part of the reason for this is that apartments, with their standardized dimensions, have effectively become interchangeable financial commodities: An apartment in Seoul is seen as a much more surefire bet than any stock, leading to intense real estate investment and speculation that has driven up home prices.

    “Buying an apartment here isn’t just buying an apartment. The equivalent in the U.S. would be like buying an ideal single-family home with a garage in the U.S., except that it comes with a bunch of NVIDIA shares,” said Chae Sang-wook, an independent real estate analyst. “In South Korea, people invest in apateu for capital gains, not cash flow from rent.”

    Some experts predict that, as the country enters another era of demographic upheaval, the dominance of apartments will someday be no more.

    If births continue to fall as dramatically as they have done in recent years, South Koreans may no longer need such dense housing. The ongoing rise of single-person households, too, may chip away at a form of housing built to hold four-person nuclear families.

    But Chae is skeptical that this will happen anytime soon. He points out that South Koreans don’t even like to assemble their own furniture, let alone fix their own cars — all downstream effects of ubiquitous apartment living.

    “For now, there is no alternative other than this,” he said. “As a South Korean, you don’t have the luxury of choosing.”

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    Max Kim

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  • Career Certified Extends Its Investment in the Fast-Growing Architecture, Engineering, and Construction (AEC) Professionals Market with Acquisition of My Contractors License

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    Through this acquisition, Career Certified adds general contractor and electrical contractor licensing exam preparation solutions to its expanding portfolio of regulated career education products, positioning itself to positively impact a market of millions of AEC professionals. 

    Today, Career Certified acquired My Contractors License, a trusted name in general contractor licensing exam preparation. Through the acquisition, Career Certified expands its portfolio to support learners preparing for state licensing exams and the nationally -recognized National Association of State Contractors Licensing Agencies (NASCLA) exam. 

    By expanding into this market, Career Certified underscores its commitment to supporting professional growth in the AEC sector, reinforcing its position as a go-to resource for compliance-focused education. The My Contractors License acquisition bolsters Career Certified’s existing AEC market leadership in architecture exam preparation. 

    “By aligning directly with local regulations and expectations, My Contractors License sets a high standard for rigor and relevance with their comprehensive state-specific materials, supporting better-prepared contractors who are equipped to meet industry demands from day one,” said Gary Weiss, CEO of Career Certified.  

    “With over 520,000 roles in construction management in 2023, including general contractor positions, and a projected 9% growth through 2033, the construction industry faces a critical talent shortage as retirements rise and skilled candidates remain scarce,” adds Rebecca Turco, EVP of Specialized Trades and Product, Career Certified. “Career Certified’s acquisition of My Contractors License bolsters our ability to bridge this gap, providing accessible, comprehensive training to meet growing infrastructure needs and build a skilled workforce for the future.” 

    “The My Contractors License team is delighted to join Career Certified to increase efficiency, get to market faster with an enhanced curriculum, expand beyond exam prep, and action insights swiftly with a seasoned team centered on preparing our learners for success, no matter where their careers take them,” said Ron Daniell, CEO of My Contractors License. “I remain committed to helping our audience succeed, and with Career Certified supporting us, we’ll be armed to make a significant impact.”  

    About My Contractors License 
    My Contractors License offers a comprehensive learning program delivered through a purpose-built digital platform. With a committed team deeply embedded in the general contracting industries, My Contractors License’s tailored courses enable aspiring contractors to obtain licensing with confidence, supported by a 100% pass guarantee. The company is dedicated to elevating industry standards by increasing the number of skilled, licensed contractors. Learn more at MyContractorsLicense.com
     

    About Career Certified 
    Career Certified makes purpose attainable. From Pre-Licensing, Post-Licensing, Exam Prep, and Continuing Education coursework to tools for the entire lifecycle of a professional’s career, the company pairs an easy-to-use platform and flexible learning options with a deep understanding of students’ needs conducive to guiding them to career freedom. Visit CareerCertified.com to learn more. 

    Source: Career Certified

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  • Homeowners demand relief from crumbling foundations

    Homeowners demand relief from crumbling foundations

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    Homeowners clamoring for state help as they deal with the hefty costs of fixing their crumbling foundations, which could eventually render their houses unlivable, called on Gov. Maura Healey Wednesday to wield her executive power to kickstart a potential solution.

    Advocates with Massachusetts Residents Against Crumbling Foundations say they want Healey to issue an executive order to create a committee to develop recommendations on providing assistance for those dealing with crumbling concrete woes. Those recommendations could form the basis for legislation on a relief plan and account, which advocates say would help people who are on the hook for hundreds of thousands dollars in repair or replacement costs for their deteriorating home foundations, caused by pyrite or pyrrhotite minerals.

    “We are asking for the ability to form a committee to start a captive insurance plan or start a plan that would allow us to get assistance to fix these foundations. We are mirroring a plan that’s already in place and working in the state of Connecticut — they’ve replaced over 1,000 homes,” said Cynthia Poirier, an assessor in Brimfield and Holland. “They use a $1 a month surcharge on homeowners’ polices, no more than $12 a year. The first year alone, if we were able to put that together in Massachusetts, we’d raise close to $22 million.”

    A Healey spokesperson did not directly answer a News Service question about whether the governor is willing to issue an executive order sought by advocates.

    “The Healey-Driscoll Administration recognizes the importance of providing support to homeowners whose concrete foundations are crumbling,” Healey spokesperson Karissa Hand said. “We will continue to work together with our partners in the Legislature to evaluate potential solutions that would provide relief to homeowners.”

    Financial relief proposals have failed to gain momentum on Beacon Hill, despite persistent lobbying from affected homeowners.

    The Senate, in its affordable housing bond bill, unanimously adopted an amendment that would have created a crumbling concrete working group and relief fund. The policy did not survive closed-door conference committee negotiations. Amendment sponsors, including Sens. Peter Durant, Ryan Fattman, Michael Moore and Jake Oliveira, joined with advocates outside the State House Wednesday morning.

    Advocates say more than 40 municipalities are affected by what they call the “crumbling foundation crisis” that stymies affected homeowners from selling or refinancing their houses.

    “My position is we have enough money to spend on so many other things and support so many other people, but we need to support the people that have been paying taxes in all of these towns, with these homes that are no fault of their own,” Monson Select Board member Peter Warren said. “And they’re not getting any support.”

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    Alison Kuznitz

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  • The first look at the 2025 school year budget focuses on fixing up the buildings

    The first look at the 2025 school year budget focuses on fixing up the buildings

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    DERRY — The Fiscal Advisory Committee presented a preliminary budget of $103.4 million to the School Board Tuesday night.

    “When you’re doing your homework over the next week, the question I have for everyone here is to give these guys some guidance” on a final budget number, said School Board Chair David Clapp. “I know it’s a tough question to ask … but I think it’s prudent for us to do that.”

    In March, residents turned down a proposed budget of $103.5 million, along with warrant articles for $36.8 million in school renovations and $71.2 million for the design, construction and furnishing of a new elementary school building.

    The school year 2025-26 proposed budget saw the biggest changes in three areas: furniture and equipment, which would increase from $58,000 to $288,100; repairs, which went from $1.5 million to $1.8 million; and supplies, which grew from $1.1 million to $1.2 million.

    Repairs needed at almost all of the schools, Simard said.

    “At the end of this presentation you’re going to see the capital projects that we’re looking to go out on a warrant,” Finance Director Jane Simard said. “These are maintenance items that we would like to include in the budget so that’s why I itemized them by school.”

    East Derry, Barka, Grinnell, Hood, South Range, and West Running Brook all need maintenance to their parking lots and new vinyl and carpet flooring, Simard said.

    East Derry also needs a dividing wall replaced; Barka needs culvert repairs; Grinell needs window caulking and sealing and a loading dock replacement; Hood needs its front stairway replaced; South Range needs to replace its oil pump control system; and, West Running Brook needs a roof drain replacement.

    Other projects include replacing the roofs at East Derry, Hood, Grinnell, and South Range, along with projects to replace Barka’s interior and exterior doors. Window replacements are needed at several buildings, and the HVAC system at South Range needs to be upgraded. A warrant article would ask residents to allocate a total of $24.3 million for those repairs.

    There will be four more budget review sessions at 6:30 p.m. on Nov. 4, Nov. 19, Dec. 3, and Dec. 17 at West Running Brook Intermediate School, 1 West Running Brook Lane, before the budget public hearing at 6 p.m. on Jan. 14 at the Derry Municipal Center, 14 Manning St.

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    By Katelyn Sahagian | ksahagian@northofboston.com

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  • City makes improvements to Sally Milligan Park

    City makes improvements to Sally Milligan Park

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    BEVERLY — The city’s Open Space and Recreation Committee announced that it has completed improvements to Sally Milligan Park, including a new trail, footbridge and wayfinding signage.

    The new trail leads from behind the soccer field on Cross Lane, enabling visitors to access land north and west of the field and the Mackerel River. Parking is available at the Cross Lane soccer field.

    The new trail was originally proposed in the fall of 2019 in accordance with the 2002 Sally Milligan Implementation Plan. The trail was approved by the Open Space and Recreation Committee in 2021. In 2022, the city received a MassTrails grant to construct a bridge over the Mackerel River, install a new map kiosk for the Cross Lane soccer fields, and update maps depicting the new trail.

    The trail and the bridge were completed in June 2023. The new kiosk and maps were installed in December 2023 and bike racks were installed in September 2024.

    Sally Milligan Park was a gift to the citizens of Beverly from Hugh Taylor Birch, who gave the original 31 acres to the city in 1933 as a memorial to his mother, Sally Milligan Birch. In 1999, the city purchased an additional 15 acres from the Santin family with assistance from the state and the Essex County Greenbelt Association.

    The city added again to Sally Milligan in 2002 with the purchase of the 37-acre former Hill Estate. For more information on the park visit www.beverlyma.gov/DocumentCenter/View/940/2019-Sally-Milligan-Trail-Map-PDF.

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  • Hennion & Walsh Asset Management Inc. Buys 6,712 Shares of Lennar Co. (NYSE:LEN)

    Hennion & Walsh Asset Management Inc. Buys 6,712 Shares of Lennar Co. (NYSE:LEN)

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    Hennion & Walsh Asset Management Inc. boosted its stake in shares of Lennar Co. (NYSE:LENFree Report) by 53.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,216 shares of the construction company’s stock after acquiring an additional 6,712 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Lennar were worth $3,603,000 as of its most recent SEC filing.

    Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new position in shares of Lennar in the 3rd quarter worth approximately $27,000. Wolff Wiese Magana LLC boosted its stake in Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Lennar during the first quarter worth $30,000. Asset Dedication LLC increased its stake in shares of Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after buying an additional 169 shares in the last quarter. Finally, New Covenant Trust Company N.A. acquired a new position in Lennar during the 1st quarter worth about $32,000. 81.10% of the stock is owned by institutional investors.

    Lennar Price Performance

    Lennar stock opened at $175.94 on Friday. Lennar Co. has a one year low of $102.90 and a one year high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. The stock’s 50 day moving average is $181.94 and its 200 day moving average is $167.02. The firm has a market cap of $48.31 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.68 and a beta of 1.61.

    Lennar (NYSE:LENGet Free Report) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. During the same period in the previous year, the company posted $3.91 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, research analysts expect that Lennar Co. will post 14.28 EPS for the current year.

    Lennar Dividend Announcement

    The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s dividend payout ratio (DPR) is 13.60%.

    Analysts Set New Price Targets

    A number of brokerages have weighed in on LEN. Evercore ISI dropped their target price on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research note on Monday, September 23rd. Barclays boosted their target price on Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods upped their target price on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Finally, Bank Of America (Bofa) lifted their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $181.11.

    Check Out Our Latest Research Report on LEN

    Lennar Profile

    (Free Report)

    Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.

    Recommended Stories

    Want to see what other hedge funds are holding LEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lennar Co. (NYSE:LENFree Report).

    Institutional Ownership by Quarter for Lennar (NYSE:LEN)



    Receive News & Ratings for Lennar Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lennar and related companies with MarketBeat.com’s FREE daily email newsletter.

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    ABMN Staff

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  • Metro Denver in the middle of its biggest apartment boom since the 1970s — but rent prices aren’t budging

    Metro Denver in the middle of its biggest apartment boom since the 1970s — but rent prices aren’t budging

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    Metro Denver developers pushed out more than 5,000 new apartments in the third quarter, and rents barely moved despite that high volume, according to a quarterly update from the Apartment Association of Metro Denver.

    For the past several quarters, developers have added as many apartments in three months as they would average across an entire year before 2011.

    “I have been concerned about this for some time that we would flood the market with lots of apartments and vacancies would shoot up,” said Cary Bruteig, author of the quarterly report during a press call Wednesday.

    Rising vacancies would in turn force landlords to slash rents. So far, that hasn’t happened.

    Average rents in the region rose $8 last quarter to $1,911 and are up 1.2% over the past year, below the 1.4% rate of inflation measured in September.

    The overall vacancy rate fell 0.3% to 5.3% and moved lower in 18 out of 33 submarkets. Denver, which has seen a high concentration of new multifamily projects, had the highest county vacancy rate at 5.8%. The Central Business District had the highest submarket rate at 6.6%.

    Fueled by strong migration to the state, the 1970s was a boom era for apartment construction. But after an oil bust and then a real estate bust, things calmed down in the following decades. The region averaged about 5,000 new apartments a year until 2011, when the average kicked up to around 10,000 a year, Bruteig said.

    Over the past 12 months, developers have added 21,158 new apartments. That is double the pace seen last decade and equivalent to about 5% of all the existing apartments built in the past 100 years, Bruteig said.

    Even though fewer people are moving to metro Denver from other states this decade compared to last, Bruteig said, “We see no softening in terms of people moving into new apartments in the metro area.”

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    Aldo Svaldi

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  • How will Trump’s plans to deport undocumented migrants impact US economy?

    How will Trump’s plans to deport undocumented migrants impact US economy?

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    Gloria Solis moved to the United States from Mexico in 1998. To put food on the table for her four children, she works in the agricultural sector in Washington state. She’s one of the estimated 31 million foreign-born workers in the US — documented or otherwise — who are helping to drive the US economy.

    She’s worried that if Republican presidential nominee Donald Trump gets elected, the life she has built for her and her family could be in jeopardy.

    Trump has made immigration, a hot-button issue this election, one of the pillars of his campaign. The role of immigrants in the startup economy is well known – 55 percent of US startups valued at $1bn or more were founded by immigrants, and some of the most famous names in Silicon Valley are those of foreign-born entrepreneurs, including Tesla chief Elon Musk and Google co-founder Sergey Brin.

    But what is often overlooked is the importance of immigrants, including undocumented ones, in other sections of the US society and economy.

    In his comments, Trump has drawn a stark line defining who would be welcome in the US should he be elected the next US president. In June, he promised “to staple a Green Card to anyone who graduates from any college, even 2-yr community colleges” — a claim that the campaign later walked back on.

    He has also publicly stated that he wishes to deport the 11 million undocumented immigrants in the US. His plan, championed by loyalists like Stephen Miller, who served as a top adviser during his first term, is inspired by a policy from the 1950s put in place by then-President Dwight Eisenhower who, during his time in office, deported more than a million undocumented migrants, primarily from Mexico.

    Much like human rights groups, economists too have slammed Trump’s plan.

    A report earlier this year from Moody’s said that Trump’s immigration policy would cause “significant tightening in the already-tight job market” and would greatly affect sectors of the economy such as healthcare, retail, agriculture and construction that depend on many of these workers.

    Workforce shortage

    Trump has argued that deportations would increase job opportunities for native-born workers, but a look at any of these sectors suggests that is not how things would necessarily pan out.

    Between farms, food-processing facilities and supermarkets, for instance, an estimated 1.7 million undocumented migrants work in the food supply chain, according to the Center For American Progress.

    According to a study from the University of Arkansas, 73 percent of agricultural workers are immigrants and 48 percent of them are unauthorised. In California, nine out of 10 agricultural workers are foreign-born like Solis.

    Miller, who before his stint in Trump’s administration was an aide to lawmakers, now runs American First Legal, a legal organisation which focuses on conservative causes. He told the New York Times in an interview last November that “Mass deportation will be a labour-market disruption celebrated by American workers, who will now be offered higher wages with better benefits to fill these jobs.”

    But “farmers have said again and again that they can’t find a local workforce”, Teresa Romero, president of the United Farm Workers, told Al Jazeera.

    In 2019, more than half of Californian farmers said they had trouble finding workers. It’s largely expected that if Trump gets his way, those shortages will only get worse.

    A study published in the Journal of Labor Economics found that for every one million deported migrant workers, there would be a loss of 88,000 jobs for US natives. That’s because businesses are less likely to expand labour opportunities if they lose their workforce and more likely to use the savings to invest in technology that can automate their work.

    “Estimates of the impact of that policy are vast and have a negative effect on the US economy … including [on] American natives,” Michael Clemens, professor of Economics at George Mason University, told Al Jazeera.

    Trump’s deportation plan “not only is going to impact the lives of farm workers, but is going to impact all of us. We depend on their work to make sure that we have food on our table,” Romero added.

    One study suggests that a total ban on immigrant labour would raise the cost of milk by 90 percent.

    The role of such workers is not restricted to the US food supply chain. Undocumented migrants account for more than 346,000 workers in the healthcare sector, 236,300 of whom are filling roles like personal health and home aides and nursing assistants.

    The US already has a healthcare worker shortage. For instance, according to Mercer Health, there are roughly 12,000 open nursing assistant jobs in Texas alone and more than 14,000 in California.

     

    Similarly, the construction sector overwhelmingly relies on foreign-born labourers. In immigrant-heavy states like Texas and California, migrant workers make up 40 percent of the sector’s workforce. And a National Association of Home Builders/Wells Fargo Housing Market Index (HMI) report found as much as a 65 percent construction labour shortage in some jobs like finished carpentry. Mass deportation would exacerbate that shortage.

    Trump has also blamed migrants for the current housing shortage, arguing they are taking up portions of the limited supply that would otherwise go to documented immigrants or native-born Americans.

    In a speech for the Economic Club of New York, Trump said he would ban mortgages for undocumented migrants, but as Al Jazeera has previously reported, those mortgages are a tiny fraction of overall mortgages. On the contrary, his proposal of across-the-board tariffs will raise construction costs on imports of lumber and steel, among many other items, further shooting up home prices.

    Trump’s policy proposals impact other sectors, too, including the transportation sector, where undocumented workers make up 6 percent of the workforce, and leisure and hospitality, where they comprise 8.4 percent.

    The Trump campaign did not respond to Al Jazeera’s request to clarify how the former president would address the exacerbated worker shortage if he is re-elected in November.

    Household incomes tumble

    A key part of Trump’s plan is to get rid of a programme known as Deferred Action for Childhood Arrivals (DACA). It is a law which was introduced during the administration of former US President Barack Obama and which shields from deportation those who came to the US without documentation as children.

    Trump’s attempts to end DACA as president were blocked by the Supreme Court, but he has vowed to try again if re-elected. That would impact the more than half a million people living in the US under DACA protections and their families.

    “The biggest impact would be the potential separation of my family. If Trump does what he says he’s going to do, which is try to clear out all the undocumented people, obviously that would leave my kids who are US citizens without their parents,” Solis told Al Jazeera.

    Apart from impacting Solis and families like hers, this would drastically affect the average household income amongst immigrant communities.

    A report from the Center For Migration Studies published during the 2017-2021 Trump administration shows that removing undocumented migrants from mixed-status households would cause a 47 percent reduction in average household income.

    An estimated 33 percent of unauthorised immigrants have at least one child who is a US citizen, according to the Migration Policy Institute. The Solis household fits this mould. Gloria has four children – all of them native-born US citizens.

    Revenue void

    It’s not just migrants who would be affected, but also the tax revenue they bring in.

    Undocumented immigrants paid $96.7bn in taxes – almost $60bn of which went to the federal government – in 2022. Migrants paid $25.7bn towards US Social Security programmes that they are unable to use themselves. Trump’s plan would undermine these workers and limit tax revenues that help fuel the US economy.

    “We would not only be missing out on the hard work that they do if they were to potentially be deported, but we’re also missing out on that additional revenue,” Marco Guzman, senior policy analyst at the Institute on Taxation and Economic Policy, told Al Jazeera.

    According to a report from the non-partisan Peterson Institute, deporting 7.5 million migrants would result in a 6.2 percent reduction in the US gross domestic product (GDP). And these estimates are still far short of the impact of Trump’s ideal plan, which would deport 11 million migrants.

    Alternatively, the non-partisan Congressional Budget Office forecasts that based on current trends, new immigrants would bring in $788bn in tax revenue over the next 10 years.

    In March, Goldman Sachs noted that increased migration would cause a slight increase in economic output – three-tenths of a percentage point.

    Neither Miller nor the Trump campaign responded to Al Jazeera’s request for comment.

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  • Panel Built Inc. Provides Prefabricated Buildings for Disaster Relief

    Panel Built Inc. Provides Prefabricated Buildings for Disaster Relief

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    Press Release


    Oct 2, 2024

    Rapid Deployment, Flexibility, and Durability for Critical Emergency Infrastructure

    In times of crisis, the rapid deployment of essential infrastructure, such as emergency clinics and supply stations, is critical. Panel Built provides an effective solution with prefabricated buildings designed for fast and flexible disaster response.

    Quick Deployment Prefabricated buildings offer significant speed advantages. Manufactured off-site and quickly transported, they allow crucial facilities like temporary offices and restrooms to be set up within days—essential for immediate disaster response.

    Relocatable and Adaptable These structures are designed for easy relocation and repurposing. Whether transported by forklift or towed, they can be moved to different areas and adapted to changing needs, such as converting shelters into medical facilities.

    Cost-Effective and Resilient Prefabricated buildings save both time and money compared to traditional construction. They are also designed to withstand harsh conditions, with steel reinforcement for strong winds and fire-resistant panels for areas at risk of fire.

    Applications for Disaster Response

    • Medical Units – Quick setup of triage and isolation zones.
    • Emergency Centers – Command hubs for disaster response teams.
    • Supply Storage – Secure facilities for essential goods.
    • Sanitation Facilities – Restrooms and showers for affected populations.

    Panel Built: Trusted Partner in Disaster Relief Panel Built specializes in delivering prefabricated structures on tight deadlines. With experience serving commercial, government, and military clients, Panel Built provides fast, durable solutions for emergency needs.

    Source: Panel Built

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  • Southern California’s hottest commercial real estate market is for tenants that aren’t human

    Southern California’s hottest commercial real estate market is for tenants that aren’t human

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    Where Wilshire Boulevard begins in downtown Los Angeles, thousands of miles of undersea fiber-optic cables disappear into an ordinary-looking office tower.

    One Wilshire is the mother of all data centers in the West, a discreet terminus for major digital links between Asia and North America that help sustain the world’s bottomless need for data storage and computing power.

    Once a workplace for lawyers and other white-collar types, the mid-century office building‘s 30 floors are now stuffed with cables, pipes, coolers, generators and other equipment needed to support online functions that power the economy and our private lives at unmatched speed. (If you could get inside — and you can’t — the building’s internet connection would give you a split-second jump over others when tickets for the World Series or a concert went on sale.)

    “We’re all consumers of data centers,” whether its scrolling social media on our smartphones, watching streaming services such as Netflix on TV or ordering a dog food delivery on our our laptops, said Maile Kaiser, chief revenue officer of data center operator CoreSite, the largest tenant in One Wilshire. “Any content that we make is stored in a data center.”

    City Hall is framed by windows at an office space that has been stripped and is available to be used as a data center at One Wilshire in downtown Los Angeles.

    (Genaro Molina / Los Angeles Times)

    The digital transformation of One Wilshire, which is nearing completion with the recent departure of one of the last conventional tenants, is part of a larger real estate boom underway across Los Angeles County.

    As artificial intelligence and cloud storage hoover up more and more space on the nation’s computer servers, real estate developers are racing to build new data centers or convert existing buildings to data uses. The need is so great, they’re having a hard time keeping up with demand as businesses in search of secure spots for their servers rent nearly every square foot that becomes available. Large-scale backup generators to keep the 24-7 operations running in the event of a power failure are in short supply.

    Construction of new data centers is at “extraordinary levels” driven by “insatiable demand,” a recent report on the industry by real estate brokerage JLL found.

    Electrician Oscar Rivas works on a new generator system on the third floor of One Wilshire.

    Electrician Oscar Rivas works on a new generator system on the third floor of One Wilshire, a high-rise office building that has been almost entirely converted into a data center in downtown Los Angeles.

    (Genaro Molina / Los Angeles Times)

    “Never in my career of 25 years in real estate have I seen demand like this on a global scale,” said JLL real estate broker Darren Eades, who specializes in data centers.

    The biggest drivers are AI and cloud service providers that include some of the biggest names in tech, such as Amazon, Microsoft, Google and Oracle.

    With occupancy in conventional office buildings still down sharply following the impact of the COVID-19 pandemic and property values falling, data centers represent a rare ripe opportunity for real estate developers, who are pursuing opportunities in major markets like Los Angeles and less urban locales that are served by plentiful and preferably cheap power needed to run data centers.

    “If you can find a cluster of power to build a site, they’ll come,” Eades said of developers.

    Construction is taking place at an “extraordinary” pace nationwide and still not keeping up, the JLL data center report said. “Vacancy declined to a record low of 3% at midyear due to insatiable demand and despite rampant construction.”

    Development increased more than sevenfold in two years, with the pipeline of new projects leveling off in the first half of 2024, a potential signal that the U.S. power grid cannot support development at a faster pace.

    A worker makes his way through the equipment yard at One Wilshire in downtown Los Angeles.

    Satellites and antennas are perched on the rooftop at One Wilshire.

    (Genaro Molina / Los Angeles Times)

    But when projects currently under construction or planned are complete, the U.S. colocation market, in which businesses rent space in a data center owned by another company for their servers and other computing hardware, will triple in size from current levels.

    With the release of OpenAI’s ChatGPT in November 2022, artificial intelligence-driven products and platforms became ubiquitous seemingly overnight, JLL said. The huge amount of computing power required by generative AI is having the greatest impact on data storage, followed by continued cloud growth.

    Real estate investors and landlords are being drawn into the market because demand from tenants is high and they are likely to renew their leases after shouldering the costs of setting up data centers.

    “They invest in their space and in your space and they tend to stick around longer,” said Mark Messana, president of Downtown Properties, which owns offices in Los Angeles and San Francisco. “As we all know, the office market is struggling a little bit, so it’s nice to be able to have some data customers in the mix.”

    Rents at One Wilshire, for example, can be double what they are at newer downtown office high-rises, according to real estate data provider CoStar.

    Servers, power lines and cooling equipment have almost completely taken over the building that was once a prestigious address for businesses. There are electric conduits running up stairwells and racks of cables hanging from ceilings. Two elevators were removed so the empty shafts could hold water pipes used to help keep the temperature cool enough for the heat-producing servers.

    Crypto.com Arena is seen from the rooftop of One Wilshire.

    Crypto.com Arena is seen from the rooftop of One Wilshire.

    (Genaro Molina / Los Angeles Times)

    The recent departure of a law firm that had been in the building more than 50 years cleared out five floors that will quickly be re-leased to data tenants, said Eades, who represents the landlord.

    Challenges in the rapidly expanding data center industry include finding trained workers to staff facilities around the clock, seven days a week.

    “These are high-paying, high-demand jobs,” Eades said, with employers scooping up computer science and engineering majors out of college.

    The job can take a toll on workers, though. There are long hours in enclosed buildings with limited contact with the outside world, and working night shifts “can be challenging for employees to endure,” the report said. Thirty percent of data center workers quit in the last year, citing unhappiness with their work/life balance, the JLL report said.

    Filling second- and third-shift jobs can add an additional month or more to the hiring process because of applicants’ reluctance to work off hours, even when they pay more than day jobs, according to the report.

    Southern California suffers from a shortage of new data centers, as new users enter the market daily and demand continues to grow, JLL said. That’s spurring development in smaller markets in Los Angeles County such as Vernon, which has its own power plant that provides electricity at cheaper rates than are found in surrounding cities.

    Monterey Park, which is served by Southern California Edison, is also “a hot area,” Eades said, where two new developments will be announced in the next month or so.

    Power demand for computing is growing so intense that it threatens to strain the nation’s electrical grid, sending users to remote locations where power is plentiful and preferably cheap.

    Data center developers are working in Alabama, the Dakotas and Indiana, “traditionally states that wouldn’t have data centers,” Eades said.

    A company called CalEthos plans a data center near the south shore of the Salton Sea in California’s Imperial County. Electricity for the data center’s servers would come from the geothermal and solar plants built near the site in an area that has become known as Lithium Valley. That data center would cover land the size of 15 football fields and require power that could support 425,000 homes.

    Data centers have long been big power users. But the specialized computer chips required for generative AI use far more electricity because they are designed to read through vast amounts of data.

    The new chips also generate so much heat that even more power and water are needed to keep them cool.

    By 2030, data centers could account for as much as 11% of U.S. power demand — up from 3% now, according to analysts at Goldman Sachs. Last week a deal was announced to reopen the infamous Three Mile Island nuclear power plant in Pennsylvania in order to power Microsoft’s data centers performing cloud computing and artificial intelligence programs.

    The plant, the site of he nation’s worst commercial nuclear power accident in 1979, was closed five years ago because it was losing money. Microsoft has agreed to buy power from the plant for 20 years if regulators approve its revival.

    “There will always be a need for a data center,” Kaiser said. “Everybody loves to create their content now, whether it’s a photo or a video or online shopping, we’re all doing it. Now we’ll see what we do with AI.”

    Times staff writer Melody Petersen contributed to this report.

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    Roger Vincent

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  • Judge halts construction of massive warehouse project after scores of homes demolished

    Judge halts construction of massive warehouse project after scores of homes demolished

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    A Southern California developer must halt construction of a controversial industrial park in San Bernardino County that has displaced scores of homes, after a judge found flaws in the project’s environmental impact report.

    County supervisors in late 2022 green-lighted an industrial real estate firm’s proposal to remove 117 homes and ranches in rural Bloomington to make way for more than 2 million square feet of warehouse space. Several environmental and community groups sued the county soon after, alleging that the approval of the Bloomington Business Park violated numerous regulations set out in state environmental and housing laws.

    Nearly two years later, and after more than 100 homes have already been leveled, San Bernardino County Superior Court Judge Donald Alvarez ruled last week that the county’s review of the project did not conform with the state law intended to inform decision-makers and the public about the potential environmental harms of proposed developments. He said construction of the warehouse project must stop while the county redoes the report in a manner that complies with the law.

    A San Bernardino County spokesperson declined to comment on the ruling because it is the subject of active litigation. The developer, Orange County-based Howard Industrial Partners, said it would appeal portions of the ruling and predicted that delays to the overall project would be short-lived.

    The 213-acre industrial park came with trade-offs familiar to communities in California’s Inland Empire that are being asked to shoulder the sprawling distribution centers integral to the storage, packaging and delivery of America’s online shopping orders.

    The environmental impact report found that the development would have “significant and unavoidable” impacts on air quality. But it also would bring jobs to the majority Latino community of 23,000 residents, and the developer pledged to provide millions of dollars in infrastructure improvements.

    And because the warehouse project would be about 50 feet from Zimmerman Elementary, the developer agreed to pay $44.5 million to the Colton Joint Unified School District in a land swap that would usher in a state-of-the-art school nearby.

    For Bloomington residents and community advocates who have been fighting the explosive growth of the warehouse industry in the Inland Empire, the court’s decision is being viewed as a victory.

    Ana Gonzalez, executive director of the Center for Community Action and Environmental Justice, one of the plaintiffs in the lawsuit, said her organization has challenged a couple of warehouse approvals annually for the past five years. The lawsuits typically end in settlements that award the community extra protections, such as air filters and HVAC systems for nearby homes. She said she’s never before seen construction stopped in its tracks.

    “To see the way this one turned out just gives us hope, and it ignites that resilience that our community needed to keep fighting,” Gonzalez said.

    Still, she said, the timing is bittersweet.

    “I don’t know at this point if we could ever get the homes that were there back,” Gonzalez said. “To see the community being wiped out in Bloomington is really heartbreaking.”

    The ruling raises broader questions about the rigor of San Bernardino County’s process for approving warehouse projects, which have become a mainstay of the county’s economy. While proponents say the developments bring much needed jobs to the region, many residents living in their shadows lament the pollution, traffic and neighborhood disruption.

    In Bloomington’s case, the project in question fractured the community. Some people who sold their homes to make way for the industrial park say they got a good price and were happy to move on, while many of the neighbors left behind see a future with 24-hour truck traffic and a hollowing out of the community’s rural culture.

    Alondra Mateo, a community organizer for another plaintiff in the suit, the People’s Collective for Environmental Justice, said the many residents who have spoken out in public hearings, raising concerns about the environmental impacts of the Bloomington Business Park, were told that the county was adhering to the required environmental review process.

    “For the court to take a look at all the evidence and then agree with us,” Mateo said, “is such a big, powerful win to our community that has honestly been gaslit for so long.”

    Candice Youngblood, an attorney with the nonprofit environmental law group Earthjustice, which represented the plaintiffs, called the county’s environmental report “deficient.” She said the court’s findings are “a testament to the fact that this document reflects cutting corners at the expense of the community and in the interest of industry.”

    In a nearly 100-page ruling, Alvarez determined that the county had violated the California Environmental Quality Act by not analyzing renewable energy options that might be available or appropriate for the project, and not adequately analyzing construction noise impacts.

    Alvarez found the county failed to analyze a reasonable range of alternatives to the project; and failed to sufficiently analyze how air emissions would impact public health. Despite finding the project would have unavoidable impacts on air quality, the county determined using zero-emission trucks would be an economically infeasible form of mitigation — a finding that Alvarez deemed “not supported by substantial evidence.”

    But he ruled against the plaintiffs on several issues, rejecting their arguments that the county failed to analyze the project’s traffic impacts; failed to adequately analyze environmental justice issues; improperly analyzed operational noise impacts; and abused its discretion by failing to translate key portions of the report into Spanish.

    Youngblood, with Earthjustice, said the ruling forces the county to restart the environmental review process, including providing community members with new opportunities to weigh in on the project’s impacts.

    Mike Tunney, Howard Industrial Partners’ vice president for development, said the company was “pleased” by the court’s ruling upholding portions of the environmental report. He said the ruling would result in “minor revisions” to the report, which the county would “quickly address.”

    “We are committed to making the necessary adjustments to address the issues identified by the Court,” Tunney said in a statement. “We will simultaneously pursue an appeal of portions of the Court’s ruling that threaten a $30 million major flood control project which is already under construction to prevent ongoing flooding that has negatively impacted the community for decades.”

    This article is part of The Times’ equity reporting initiative, funded by the James Irvine Foundation, exploring the challenges facing low-income workers and the efforts being made to address California’s economic divide.

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    Rebecca Plevin

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  • Universal City hotel expansion project clears early approval hurdle

    Universal City hotel expansion project clears early approval hurdle

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    Construction of a new high-rise addition to the Hilton hotel in Universal City was approved by the Los Angeles Planning Commission, clearing a major hurdle for the long-planned expansion.

    The decision comes as Universal Studios and other popular tourist destinations in the region shine for hoteliers even as other properties in California’s urban centers struggle to fill their rooms.

    The commission recommended last week that the City Council approve construction of an 18-story addition to the 24-story Hilton Los Angeles/Universal City hotel, which opened in 1984. The addition would have 395 rooms, bringing the total between the two structures to 890 rooms, putting that Hilton among the ranks of the largest hotels in Los Angeles County.

    Hotels near popular leisure destinations such as Disneyland and Universal Studios Hollywood are outperforming California hotels that are intended to serve business travelers and meetings, said hotel consultant Alan Reay, president of Atlas Hospitality Group.

    “Big full-service hotels have been really impacted by the work-from-home movement and the pullback of the convention and meeting business,” Reay said.

    Universal City is “a little island that is doing phenomenally well,” he said, with average occupancy at the Hilton there at 92% last year.

    “I don’t know any other hotels that are running that kind of occupancy” at a similar price point, he said. “That really tells you the strength of the location and the strength of the brand.

    “It makes sense to add the rooms,” said Reay, who is not involved in the planned development.

    The addition would include, three restaurants, two swimming pools and an expansion of the existing three-level parking garage.

    (Ankrom Moisan)

    The expansion is proposed by Sun Hill Properties Inc., which owns the Universal City hotel operated by Hilton.

    Sun Hill President Mark Davis said the company is “immensely gratified” to have the Planning Commission’s endorsement.

    “We still believe in the future of L.A. and the continued growth of our primary demand driver, Universal Studios Theme Park, the key magnet to attract tourism to the City of Angels,” he said in a statement.

    If approved by the City Council, construction would take about 30 months, according to city documents recommending development. An expansion of the Hilton was first proposed in 2017 by a previous owner of the property, who estimated at the time that more than 70% of guests were there to visit the Universal Studios Hollywood theme park that features the $500-million Wizarding World of Harry Potter.

    The design of the addition by architecture firm Ankrom Moisan also calls for a spa, three restaurants, an indoor-outdoor bar, two swimming pools, a lobby connecting to the existing hotel building and an expansion of the existing three-level parking garage.

    The planned expansion, which Sun Hill intends to complete in time to serve the 2028 Olympics, comes as hotel sales are flagging in Los Angeles County and throughout the state amid high interest rates and as smaller-sized deals have been a drag on the market, according to a recent report from Atlas Hospitality.

    Times staff writer Caroline Petrow-Cohen contributed to this report.

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    Roger Vincent

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  • Jiangsu Expressway Company Limited (OTCMKTS:JEXYY) Short Interest Update

    Jiangsu Expressway Company Limited (OTCMKTS:JEXYY) Short Interest Update

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    Jiangsu Expressway Company Limited (OTCMKTS:JEXYYGet Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,000 shares, a decrease of 9.1% from the August 15th total of 1,100 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 1.0 days.

    Jiangsu Expressway Price Performance

    OTCMKTS:JEXYY opened at $20.45 on Wednesday. Jiangsu Expressway has a 12 month low of $17.21 and a 12 month high of $22.40. The business’s fifty day moving average price is $19.61 and its 200 day moving average price is $20.31.

    About Jiangsu Expressway

    (Get Free Report)

    Jiangsu Expressway Company Limited engages in investment, construction, operation, and management of toll roads and bridges in the People’s Republic of China. The company operates the Jiangsu section of Shanghai-Nanjing Expressway, Ningchang Expressway, Zhenli Expressway, Guangjing Expressway, Xicheng Expressway, Xiyi Expressway, Zhendan Expressway, Yanjiang Expressway, Jiangyin Bridge, Sujiahang Expressway, Changyi Expressway, Yichang Expressway, and Wufengshan Bridge.

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    ABMN Staff

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