Union Labor 

The AFL-CIO Building Investment Trust has adopted one of the most comprehensive labor policies in the real estate industry to assure that its investments will generate good union jobs in construction and related industries.  The BIT labor policies have enabled the BIT to generate an estimated 34,000 jobs since inception for members of the building and construction trades unions as well as thousands of permanent union jobs in the service, maintenance and operation of properties owned by the BIT.  

The use of union labor at BIT-financed projects makes good business sense for developers and contractors by enabling them to access a pool of qualified workers possessing the highest level of craftsmanship. Union workers have a comprehensive knowledge of their trade, which they have acquired through apprenticeship programs that train workers to the highest standards.  With access to ongoing journeyworker training to keep their skills up to date, as well as occupational safety training, union workers are the best performers in the workforce.


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BIT News

BIT Celebrates Groundbreaking at Ritchie Station Marketplace Construction begins on the 1-million square feet retail development project.
Seattle Urban Development Project Generates Union Jobs BIT financing generates jobs for an estimated 560 union construction workers.
3rd Quarter '09 Dispositions Generate $47 Million in Proceeds The BIT continues to successfully dispose of assets.

Commercial Real-Estate News

Lehman Selling Pieces of Stakes Acquired in Archstone Deal The estate of Lehman Brothers Holdings Inc. is looking to raise about $2 billion by selling about half of the stock it got when it sold apartment giant Archstone to two of its largest competitors.
Thu, 23 May 2013 18:13:45 EDT

Trump-Branded Rio Project Faces Test A developer is hoping to break ground soon in Rio de Janeiro on the first Donald Trump-branded project in Brazil, but with the country's growth engine low on steam, the office market may not cooperate.
Wed, 22 May 2013 16:31:16 EDT