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CRE/Construction News Roundup (November 2019)

December 2, 2019 Julia Motis

Local:construction blueprint

It’s not just you, your commute is getting worse, a Nashville Business Journal analysis of Metro traffic records finds. According to the analysis, all the new construction happening in Nashville is “projected to generate roughly 201,000 new daily trips within the downtown loop during the next five years.” Might be time to start carpooling.

If you’re wondering what’s being built in your neighborhood, here’s a handy Nashville construction overview from Hoodline.

It looks like construction of the new major soccer league stadium is on hold for a bit. Mayor Cooper wants to take time to look into the financing and site infrastructure related to stadium construction.

 

National:

A new report from CBRE forecasts a hopeful future for U.S. commercial real estate in 2020. It credits “resilient economic activity, strong property fundamentals, low interest rates and the relative attractiveness of real estate as an asset class” as the “primary factors” for this outlook.

They say that robots are taking over, but in a sense, they are. Read Fortune’s outlook on how robots are changing the construction industry.

In honor of Veterans’ Day earlier this month, Bisnow highlighted the military veterans now serving in the CRE industry.

Another story honoring our history: The very last construction worker who helped build Mount Rushmore died at 98 on November 25.

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