The Latest
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Executive Moves
DPR Construction names new Atlanta lead
Kali Bonnell has developed expertise in healthcare builds over her 14-year career.
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Project Milestones
Mortenson targets zero carbon on $74M engineering building in Washington state
The four-story project at Western Washington University will be the first publicly funded, zero-energy structure on a college campus in the state.
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Balfour Beatty: Collapsed crane stabilized, dismantling underway in Atlanta
Four workers injured Monday have been treated and released, according to the general contractor.
Updated May 24, 2023 -
Shawmut unveils NYC office space in latest growth push
The Boston-based construction management firm identified a number of growth sectors to take advantage of within New York City.
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MBA: Multifamily lending to drop 14%
After bank failures and interest rate hikes, apartment originations could fall to $375 billion.
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Infrastructure act
New York builders group looks to accelerate IIJA funding
“We’re still sitting on billions of unspent federal dollars,” said Carlo Scissura, CEO and president of the New York Building Congress.
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Q&A // ConTech Conversations
ConTech Conversations: Why ChatGPT wants contractors to try AI
OpenAI’s much talked-about language model told Construction Dive that artificial intelligence is meant to collaborate with contractors, not rob workers of their jobs.
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Contech Funding
Construction management software BuildOps raises $50M
The company has drawn the attention of celebrity investors, including former Twitter CEO Dick Costolo and NFL Hall of Famer Joe Montana.
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Enel chooses Oklahoma as home of first US solar panel factory
The $1 billion-plus factory will be located at the Tulsa Port of Inola, giving it easy access to rail and river transport.
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Executive Moves
Skanska announces West Coast Civil team leadership change
As the division’s executive vice president Mike Aparicio approaches retirement, the team will transition management in August to ease the shift.
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Infrastructure act
$220B in IIJA funds announced so far
Even as the White House detailed how money is rolling out, contractors and other groups are watching infrastructure act funding during negotiations over the debt ceiling.
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Applied Materials plans $4B Silicon Valley chip research facility
The Santa Clara, California-based semiconductor firm plans to invest up to $25 billion over 10 years, contingent on support from the $52.7 billion CHIPS Act.
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Project Milestones
Halmar, Schiavone complete $370M DC-area Metro project
The Potomac Yard Metrorail station, which opened last week in Alexandria, Virginia, is located between two existing stops.
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The image by Martin Kraft is licensed under CC BY-SA 3.0
Virginia to invest $365M in school construction
The state’s board of education spread the funds across 28 school divisions and 40 projects.
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Recession likely to start in Q3 as Fed sustains inflation fight: Fannie Mae
The Fed may keep borrowing costs high and trigger a downturn if robust wage gains persist in coming months, Fannie Mae said.
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Executive Moves
Wendy Cohen named CEO of Kitchell
The 73-year-old firm builds, manages and develops projects in Texas, California and Arizona.
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AGC California, Teichert hold mental health stand down
May is Mental Health Awarness Month. Construction has the second highest rate of suicide among all U.S. industries, according to the Centers for Disease Control and Prevention.
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Researcher secures $174K grant to study ‘psychological safety’ in construction
Hongtao Dang of Washington State University will develop a training program to engender jobsite cultures where workers feel comfortable speaking out.
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Disney nixes plans to build $1B Orlando office campus
Even as it canceled its Lake Nona development, the company said it still plans to spend billions on new projects in Florida.
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Deep Dive
Contractors face uncertainty over new Florida immigration law
New legislation that requires companies to confirm that employees are allowed to work in the U.S. could result in severe consequences for construction firms.
Updated May 19, 2023 -
Manufacturing starts, construction’s safety blanket, slump 68%
Despite the pullback, Dodge’s chief economist maintains underlying trends point to a “very healthy sector.”
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Project Milestones
Construction costs push JE Dunn jail project price up 17%
Rising materials costs caused a delay on the $301 million detention center in Kansas City.
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Visionary apartment owner Sam Zell dies at 81
Multifamily leaders share memories of the real estate trailblazer known as “the grave dancer” for his ability to revive struggling properties.
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Debt ceiling breach would sink construction starts by as much as 30%
If policymakers fail to avert the crisis by the June deadline, all types of building activity would slow, including projects boosted by federal funding packages, according to Dodge.
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EEOC: End of public health emergency doesn’t mean the end of COVID accommodations
The agency cautioned employers against revoking COVID-related ADA accommodations without an individualized assessment.