Commercial Building

Skanska 'unlikely' to hit target operating margin in 2019, 2020

It hasn't hit 3.5% since 2014, but by being more selective about the types of construction projects it bids on, the Swedish firm said its backlog is “trending downward to a healthier base."
By Kim Slowey • March 25, 2019
LA's Oceanwide Plaza restarts, owing subs almost $100M

The largest recorded mechanic's lien so far reportedly has been for almost $53 million from subcontractor Webcor.
By Kim Slowey • March 25, 2019
McCarthy-HITT JV wins $712M design-build contract for NGA HQ

The JV was picked by the Army Corps of Engineers for the $945 million National Geospatial-Intelligence Agency's St. Louis headquarters over teams including Clark, Mortenson and others.
By Kim Slowey • March 22, 2019
$1B Charlotte Harbor, Florida, waterfront resort breaks ground

Suffolk will team with local firm Florida Premier Contractors and others to construct the Sunseeker Resorts-branded hotel, condo and retail development.
By Kim Slowey • March 22, 2019
Dodge: E-commerce driving US warehouse construction

In the shift away from brick-and-mortar shopping, "e-tailers" like Amazon are driving up the volume and size of such projects, with 2018 starts totaling 283 million square feet.
By Kim Slowey • March 21, 2019
Fed watchdog wants DOD to have better insight into contractors' safety records

The Government Accountability Office said that OSHA violations should be tied to a company identification number so that defense contractors can weigh safety records before awarding projects.
By Kim Slowey • March 21, 2019
Foxconn to break ground on $10B Wisconsin factory this summer

The company is aiming to select contractors and put packages out to bid through general contractor Gilbane by the end of May.
By Kim Slowey • March 21, 2019
One Central: Another megaproject proposal for Chicago

The 34-acre development, which would see high-rises built on a platform over an existing rail yard, could take as long as 15 years to complete.
By Kim Slowey • March 20, 2019
Salesforce Transit Center's inspection missed flaws that led to cracked beams

An official for the new $2.2 billion transit hub pointed the finger at a "failure of quality control in the construction process."
By Kim Slowey • March 20, 2019
Bill would allow temporary visas for construction workers

The AGC urged support of a Pennsylvania congressman's proposal to supplement the construction labor force with temporary foreign workers.
By Kim Slowey • March 19, 2019
By the numbers: How Trump's proposed 2020 budget affects construction

The Army Corps of Engineers, U.S. DOT and more would sustain heavy cuts in the president's move to curb spending, but defense- and emergency-related pools, along with targeted infrastructure grants, would see funding upticks.
By Kathleen Brown • March 19, 2019
Survey: Lacking laborforce has contractors missing deadlines

A new report finds that 70% of firms struggle to meet project targets because of the shortage and that 40% have had to turn down work.
By Kim Slowey • March 18, 2019
Amid $5B building boom, Milwaukee aims to stand out from its Rust Belt peers

Projects transforming the city range from the Bucks' $524 million arena to the $122 million Couture luxury apartment high-rise.
By Kim Slowey • March 15, 2019
Phase 1 of NYC's $25B Hudson Yards debuts

Roughly six years into construction of the "city within a city," six high-rises have opened while the full 28-acre buildout continues.
By Kim Slowey • March 15, 2019
Los Angeles development booming

Luxury residential projects lead a building spree that has 4 million square feet of new commercial construction remaking the city's downtown.
By Kim Slowey • March 14, 2019
Plaza Construction to lead phase 2 of $400M NYC casino expansion

The segment involves expanding gaming space in the Queens venue and building a 10-story hotel by the end of 2020.
By Kim Slowey • March 14, 2019
Hotel construction pipeline reaches 8-year high in 2018

The number of projects in development and construction has steadily climbed, with New York City, Dallas and Los Angeles among the world's top five cities by pipeline count, a new report finds.
By Kim Slowey • March 13, 2019
3D-printed panels define Seattle high-rise's sloped facade

3Diligent's technology was chosen for the 59-story Rainier Square Tower because of the accuracy that would be required to achieve different angles on each sloping floor.
By Kim Slowey • March 13, 2019
$1B of work slated in Des Moines, Iowa

The soaring value of commercial building permits in 2018 is expected to hold its momentum, driven largely by urban renovations and suburban data centers.
By Kim Slowey • March 13, 2019
Trump's budget seeks additional $8.6B border wall funds, to exceed $16B total

Funds the president is requesting in his $4.75 trillion 2020 budget would add to the $8 billion he is seeking under a national emergency declaration.
By Kim Slowey • March 12, 2019
3 finalists bid to design, build $750M Albany, New York, lab

Teams competing for the public health project include AECOM Tishman, Skanska, Gilbane, Turner, McCarthy and more, after beating out contractors such as Walsh, Consigli and Suffolk.
By Kim Slowey • March 12, 2019
McDermott impairment charges, project costs result in $2.8B loss in Q4

Despite challenges last year, the industrial contractor has $93 billion in the pipeline and expects to sell a business segment for more than $1 billion.
By Kim Slowey • March 11, 2019
Wells Fargo: Nonresidential construction industry growth continues

The financial services firm joins most other industry observers in predicting a strong 2019 followed by potential uncertainty.
By Kim Slowey • March 08, 2019
Army Corps to approve permit for $2B Arizona mine project

Though still subject to contention, the construction project could take two-and-a-half years and employ more than 2,500.
By Kim Slowey • March 07, 2019
By the numbers: Women in construction

There's a growing effort to recruit more women to fill workforce gaps, but their representation in the industry hovers around 10%, with only 3.5% of that in the trades.
By Kim Slowey • March 06, 2019