News

Visit Weitz at the AIA Iowa Fall Convention

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Weitz will be at the AIA Iowa Fall Convention next Thursday and Friday, September 22 – 23. Stop by Booth #6 to meet our team and learn more about how we Build A Better Way.

 


Pre-Harvest Checklist: A guide through the preparation process

Are you ready for harvest? Planning for a safe and successful harvest in advance of harvest is essential for a successful season ahead. Avoiding delays or breakdowns will save you and your customers time and money. Here are some important reminders to help guide you through the planning and preparation process ensuring an effective operational and productive season.

Eric Sill

Have Questions? Contact: ERIC SILL, Market Sector Leader of Agriculture – Seed, Grain & Feed

Safety First

  • When was the last time you performed a safety audit?
  • Have you tested your hazard monitoring systems?
  • Did you repair those deficient safety items?

Evaluation of Previous Season

  • When was the last time you performed a safety audit?
  • How did last season go?
  • Any problems or delays?
  • Can they be resolved

Equipment Service and Maintenance

  • Have you completed preventative maintenance on equipment?
    • Hazard Monitoring
    • Conveyors
    • Probes
    • Scales
    • Dusts Suppression Systems
    • Bucket Elevators
    • Dryers

Spare Part Inventory

  • Do you have all your necessary spare parts?
    • Belts
    • Drive oil
    • Hydraulic oil for probes
    • Bucket elevator cups

 


OWH Article on Age of Disruption tour

A rock ‘n’ roll tour bus, live music, and non-fiction theater are headed to Omaha as part of the Age of Disruption Tour! We couldn’t be more thrilled, along with RDG Planning & Design, to co-sponsor this energetic experience, bringing the community together around a new ‘and highly disruptive’ understanding of aging. Presented by Dr. Bill Thomas, pioneer of The Eden Alternative, this eye-opening approach to shifting the culture around the aging process urges the question, “What if everything we think we know about aging is wrong?”

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Weitz Highlights the Senior Living Construction Cost Trends from 2004-2016

The American Senior Housing Association (ASHA) and leading national construction firm The Weitz Company have published a special issue brief illustrating Seniors Housing Construction Cost trends from 2004 to 2016, including the effect of the recession on Seniors Housing construction costs.

Through the mid-2000s, the market experienced higher than normal levels of construction-related inflation. As the financial crisis began in August 2008, markets began to falter and major financial institutions collapsed. The construction market was not insulated from these events and experienced its worst decline since The Great Depression.

Many companies went out of business, some survived but were, in many cases, half the size they were prior to the downturn. General contractors, subcontractors, designers, and engineering firms were all affected. The market as a whole experienced several years of declining prices through the end of 2010 before beginning to climb out of the trough.

As we fast forward to today, we see construction costs reaching pre-recession levels, with moderate to high inflation over the past five years. The current pace of construction, including increasing labor rates, leads us to expect this trend to continue in the near term.

Highlights of Senior Living Construction Cost Trends


Weitz Releases Mid-Year Senior Living Construction Cost Data

The American Senior Housing Association (ASHA) and leading national construction firm The Weitz Company have published the results of their bi-annual Senior Housing Construction Cost Data Special Issue Brief.

The tight labor market continues to evolve into a top-tier issue for several markets, causing higher than expected cost escalation for current projects and especially those which are near commencement.  The need for labor is resulting in companies challenged with keeping good employees and preventing defections to the competition.  Skilled labor/trades are seeing the highest incidence of this and companies need to be mindful in maintaining their core staff.  The number of new, young workers entering the trades are not keeping pace with the aging workforce that is advancing through the ranks or leaving the trades altogether.  The overall impact is not only cost but a real potential for a slowing of schedules and firms trying to do more with less.  The expectation is for these cost escalations to continue creeping upward at a higher than normal rate over the next 9 – 12 months based on current data.

About the CCRC and Senior Housing Construction Cost Data Special Issue Brief  

The bi-annual CCRC and Senior Housing Construction Cost Data Special Issue Brief is released every Summer and Winter, and is based on nation-wide data of senior living projects under construction or completed by The Weitz Company. Costs are full burden and include general conditions, insurance, tax, bond and fee, but exclude site construction costs. The costs are based on a city index of 100. Each city carries a different index. These indices, coupled with local market conditions, are essential when comparing overall pricing.

senior living construction cost data

 

 

 

 

 

 

 

 

*Full Burden: Costs are full burden and include general conditions, insurance, tax, bond and fee, but exclude site construction costs. The above costs are based on a city index of 100. Each city carries a different index, for example: Gainesville, FL has an index of 85.7 which translates to a cost range of $110 – $141 per sf for Independent Living; Chicago, IL has an Index of 117.6 which translates to a cost range of $150 – $194 per sf for Independent Living. These indices coupled with local market conditions are essential when comparing overall pricing.

Mid-Level: Generally wood-framed with standard amenities and finishes, typically targeting the moderate income senior.

High-Level: Generally steel or concrete construction with high-end finishes and luxury amenities, typically targeting the higher income senior