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HUD Awards $400,000 Grant to West Virginia University for Housing Construction Research

by Phil Hall | Dec 11, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research is providing a $400,000 grant to West Virgnia University (WVU) to support research into housing construction methods. WVU will collaborate with Omnis Building...
University of Idaho Receives $160 Million for Housing Expansion

University of Idaho Receives $160 Million for Housing Expansion

by Phil Hall | Nov 22, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Idaho State Board of Education is allocating $160 million to expand and renovate housing for students attending the University of Idaho. Fox28 Spokane reports the university has a student housing crisis, with an incoming freshman class that is 40% larger than its...
Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium

Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium

by Phil Hall | Nov 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The new Highmark Stadium for the NFL’s Buffalo Bills is still on target for a June 2026 opening, but its projected costs have hemorrhaged to $2.1 billion – more than $560 million over its initial estimate. The Associated Press reports taxpayers funding for the project...
New Proposal Envisions $1 Billion Redevelopment of Astrodome

New Proposal Envisions $1 Billion Redevelopment of Astrodome

by Phil Hall | Nov 14, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Houston’s Astrodome, the world’s first domed sports stadium which has been closed since 2009, is the subject of proposed $1 billion redevelopment project. According to combined media reports, the nonprofit Astrodome Conservancy which seeks to preserve the historic...
Canada Allocates $9 Million for 1,500 Foreign Construction Professionals

Canada Allocates $9 Million for 1,500 Foreign Construction Professionals

by Phil Hall | Nov 13, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government is allocating $9 million to bring 1,500 internationally trained construction professionals into the country. Canada has a significant labor shortage in its construction industry, a problem that is exacerbating the nation’s housing crisis. The...
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