Market Watch follows notable construction and real estate projects across the US. Each update covers what is being built and what it means for hiring: which roles, which firms and what comes next.

Market Insight: New York vs Miami Office Demand
Manhattan office leasing is at its strongest since 2000 and conversions are set to more than double, while Miami has too little office space for demand. Fit-out, conversion and high-rise delivery draw on the same pool of project leaders.

Behind the Build: JPMorganChase Global HQ, 270 Park Avenue
JRM Construction Management delivered the interior build-out of 28 floors, more than 1.3 million square feet, inside JPMorgan Chase's 1,388-foot tower at 270 Park Avenue.

Behind the Build: Bonhams U.S. HQ, Steinway Hall
Bonhams' new 42,000-square-foot U.S. flagship spans four floors of Steinway Hall on West 57th Street and is about 30% larger than its former Madison Avenue home.

Behind the Build: 350 Park Avenue, Midtown East
Demolition is under way at 350 Park Avenue, where a $6.2 billion Foster + Partners supertall is moving forward with a $3.3 billion construction loan and Citadel as anchor tenant.

Behind the Build: The Torch, 740 Eighth Avenue, New York
Extell has closed $1.25 billion in construction financing for The Torch, the tallest building under construction in New York, with roughly 40 of its 60 levels complete.

The Market: Construction Leadership Shortage
The construction labor shortage isn't only in the trades. Experienced leadership is getting harder to replace, with 80% of contractors reporting difficulty filling management positions.

Behind the Build: 80 Clarkson, West Village, New York
Both cranes are down and limestone façade installation is close to complete at 80 Clarkson, moving the two-tower West Village project into fit-out ahead of completion this year.

The Market: Where Is the Market Moving?
Construction activity across the US is increasingly differentiated by market and sector. The markets attracting the greatest investment are not necessarily the ones best positioned to deliver it.

Paterson Perspective: We Build the Teams That Build Your Skyline
Paterson works at the intersection of people, construction and real estate, helping contractors, developers and owner's representatives identify the people capable of delivering complex projects.
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