reflect

Award Winners Reflect Nationwide Trends in Wood Building Design

WoodWorks Announces Winners of its 2020 U.S. Wood Design Awards
Press Release – updated: Feb 5, 2020 10:00 CST

WASHINGTON, February 5, 2020 (Newswire.com) – Data showing a sharp rise in the use of innovative wood building systems was reinforced with today’s announcement from WoodWorks – Wood Products Council highlighting the winners of its 2020 U.S. Wood Design Awards.
“The WoodWorks award program celebrates excellence in wood building design, and excellent projects are often conceived and executed by people with a passion, not only for quality, but innovation,” said WoodWorks President and CEO, Jennifer Cover. “As a result, the winning projects are a kind of bellwether for market trends—such as growing interest in mass timber, hybrid projects that combine mass timber with light wood framing or other materials, panelization, and greater focus on sustainability, carbon footprint, and resilience. These are all things we’re seeing in the market that are also reflected in this year’s winning projects.”
For example, in addition to tracking mass timber buildings completed and in design, WoodWorks has seen a significant rise in requests for technical assistance, which is provided at no cost to project teams. “In 2015, our technical team assisted on a handful of mass timber projects. The number jumped to 159 in 2016—and 266 last year. You can see a parallel in many of the winning projects,” said Cover.
Nominations from across the country were evaluated by an independent jury that included:
·       Danny Adams, Principal and Design Lead, LS3P Associates – Charleston, SC
·       Marsha Maytum, Principal, LMS Architects – San Francisco, CA
·       Eric McDonnell, Principal, Holmes Structures – Portland, OR
·       Matt Shaw, Executive Editor, The Architect’s Newspaper – New York, NY
Awards in 10 categories will be presented at Wood Design Symposiums across the country, beginning with the Texas Wood Design Symposium in Houston on February 25, 2020. Nine projects will also receive regional excellence awards.

CATEGORY WINNERS

Jury’s Choice:  First Tech Federal Credit Union ǀ  Hillsboro, OR
Architect:  Hacker
Structural Engineer:  Kramer Gehlen & Associates
Contractor:  Swinerton
Multi-Family Wood Design:  Adohi Hall ǀ Fayetteville, AR
Architect:  Leers Weinzapfel Associates; Mackey Mitchell Architects; Modus Studio (AOR)
Structural Engineer:  Equilibrium Consulting; Engineering Consultants, Inc.
Contractor:  Nabholz Construction
Commercial Mid-Rise:  111 East Grand ǀ   Des Moines, IA
Architect:  Neumann Monson Architects
Structural Engineer:  Raker Rhodes Engineering
Contractor:  Ryan Companies
Commercial Low-Rise:  Redfox Commons ǀ  Portland, OR
Architect:  LEVER Architecture
Structural Engineer:  KPFF Consulting Engineers
Contractor:  R&H Construction
Wood in Government Buildings:  Long Beach Civic Center Billie Jean King Main Library ǀ Long Beach, CA
Architect:  SOM ǀ Skidmore, Owings & Merrill
Structural Engineer:  SOM ǀ Skidmore, Owings & Merrill
Contractor:  Clark Construction
Wood in Schools:  Arts and Technology Academy ǀ  Eugene, OR
Architect:  Opsis Architecture; Rowell Brokaw Architects (AOR)
Structural engineer:  catena consulting engineers
Contractor:  Hyland Construction
Institutional Wood Design:  Oregon Conservation Center ǀ  Portland, OR
Architect:  LEVER Architecture
Structural Engineer:  KPFF Consulting Engineers
Contractor:  Lease Crutcher Lewis
Green Building with Wood:  Oregon Zoo Education Center ǀ  Portland, OR
Architect:  Opsis Architecture
Structural Engineer:  catena consulting engineers
Contractor:  Fortis Construction
Beauty of Wood:  Trailhead Building at Theodore Wirth Park ǀ  Minneapolis, MN
Architect:  HGA
Structural Engineer:  HGA
Contractor:  KALCON
Adaptable and Durable Wood Structures:  Julia Morgan Hall ǀ  Berkeley, CA
Architect:  Siegel & Strain Architects
Structural Engineer:  Bluestone Engineering
Contractor:  James R. Griffin

REGIONAL EXCELLENCE WINNERS

901 East Sixth ǀ Austin, TX
Architect:  TB/DS (Thoughtbarn/Delineate Studio)
Structural Engineer:  Leap!Structures
Contractor:  DCA Construction
CoǀLab ǀ Falls Church, VA
Architect:  William McDonough + Partners
Structural Engineer:  Staengl Engineering
Contractor:  HITT Contracting
DPR Office ǀ Sacramento, CA
Architect:  SmithGroup
Structural Engineer:  Buehler Engineering
Contractor:  DPR Construction
Sarah Campbell Blaffer Foundation Center for Conservation at the Museum of Fine Arts, Houston ǀ Houston, TX
Architect:  LakeǀFlato Architects; Kendall/Heaton Architects (AOR)
Structural Engineer:  Cardno Haynes Whaley
Contractor:  WS Bellows
Wood Structure & Engineering Consultant:  StructureCraft Builders
Pike Place Marketfront ǀ Seattle, WA
Architect:  The Miller Hull Partnership
Structural Engineer:  Magnusson Klemencic Associates
Contractor:  Sellen Construction
Rhode Island School of Design – North Hall ǀ Providence, RI
Architect:  NADAAA
Structural Engineer:  Odeh Engineers
Contractor:  Shawmut Design and Construction
Sideyard ǀ Portland, OR
Architect:  Skylab Architecture
Structural Engineer:  catena consulting engineers
Contractor:  Andersen Construction
The Continuum ǀ Lake City, SC
Architect:  McMillan Pazdan Smith Architecture
Structural Engineer:  Britt Peters & Associates
Contractor:  Thompson Turner Construction
Tre Søstre ǀ Grand Marais, MN
Architect:  Salmela Architect
Structural Engineer:  Meyer Borgman Johnson
Contractor:  Taiga Design + Build
For descriptions of the winning projects, visit the WoodWorks online gallery (https://www.woodworks.org/project-gallery) and select 2020 from the drop-down menu. Photos are available on request.
Contact: media@woodworks.org ​
About WoodWorks
WoodWorks – Wood Products Council provides education and free technical support related to the design, engineering and construction of commercial and multi-family wood buildings in the U.S. A nonprofit staffed with architects, structural engineers, and construction experts, WoodWorks has the expertise to assist with all aspects of wood building design. For assistance with a project, visit www.woodworks.org/project-assistance or email help@woodworks.org.
Photo Credits:
Jury’s Choice:  First Tech Federal Credit Union ǀ  Hillsboro, OR
Architect:  Hacker
Structural Engineer:  Kramer Gehlen & Associates
Contractor:  Swinerton
Photo Jeremy Bittermann
Source: WoodWorks – Wood Products Council

Trepp Bank Loan Performance Benchmark Report: Quarterly Results Reflect Stability of CRE Market

Bank loans showing a low delinquency rate reflects the stability of the CRE market. Though many are searching for signs of a recession, the delinquency data, often an early sign of stress in the market does not indicate any issues at this point.

NEW YORK (PRWEB) January 24, 2020
Trepp, a leading provider of information, analytics, and solutions to the structured finance, commercial real estate (CRE), and banking markets has released its quarterly report of bank portfolio loan performance in commercial real estate, multifamily, and construction. The third quarter 2019 results show that overall delinquencies are low and debt yield is steady.
The Trepp bank loan performance benchmark report is derived from the Trepp Anonymized Loan Level Repository (T-ALLR) and provides risk rating, delinquency rates, and other metrics for $168B in outstanding loan balances.
Debt yield on new origination CRE loans is currently in the 10.5% range and has been steady for the past five quarters, after dropping from its peak of 12% in 2014. Multifamily debt yield is holding steady at 8.25% in the most recent quarters. In early 2013, it was nearly 10%.
Overall delinquency rates are low, with the recent number as of Q3 2019 reading .04%, falling from last quarter’s rate of .11%. In Q2 2019, Trepp noted that construction loan delinquencies were .19%, which have since fallen to .05% in Q3. Construction loans account for 20% of all T-ALLR loans.
“Bank loans showing a low delinquency rate reflects the stability of the CRE market,” according to Russell Hughes, vice president who manages Trepp’s data consortia initiatives. “Though many are searching for signs of a recession, the delinquency data, often an early sign of stress in the market does not indicate any issues at this point,” Hughes said.
Income-producing CRE is the largest segment with $85B in active loans and a 90+ delinquency rate of 0.06%. Multifamily loans, which represent nearly a third of the loan population, had a 90+ delinquency rate of 0.04%.
For more information on T-ALLR, email press@trepp.com or visit http://www.Trepp.com. If you are interested in receiving upcoming fourth-quarter results, contact Alex Karavousanos at 212.754.1010.
About T-ALLRThe T-ALLR Quarterly Benchmark Report analyzes loan performance across a number of data points including delinquency, CRE property type distribution, average loan size, interest rate spread, balance-by county, maturity year, and origination quarter and year. The report, which is generated from Trepp’s managed bank loan data consortium, captures CRE and commercial and industrial (C&I) data from participating commercial banks. The T-ALLR data is anonymized and aggregated to provide insights into trends and pockets of risk while protecting the security of the consortia participants.
About TreppTrepp, founded in 1979, is the leading provider of information, analytics, and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency, and investment performance. From its offices in New York, San Francisco, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp is wholly-owned by Daily Mail and General Trust (DMGT). For more information, visit http://www.Trepp.com

Share article on social media or email: