This week in construction

Keep an eye out for architectural billings, housing starts and builder confidence reports, the Federal Reserve's interest rate decision, a deep look into the connection between gamification technology and BIM, and more.

By Emily Peiffer • Dec. 14, 2015

Hudson Yards developers snag $5B in financing for $20B mixed-use project

The funding package marks one of the largest capital raises for a real estate project in the U.S. since the 2008 downturn.

By Kim Slowey • Dec. 14, 2015

Explore the Trendline➔

Preconstruction

Careful collaboration before shovels hit dirt is key to a successful project, experts say.

By Construction Dive staff

CMD: Nov. construction starts down a seasonal 2.5%

Last month's starts were up 1.6% from November 2014 and 9.4% higher than the average November starts for the last five years.

By Kim Slowey • Dec. 14, 2015

Kiewit wins $13M Chicago transit contract

It's been a mixed week for the company, as it goes from a terminated contract for the Boston Green Line project to a new Green Line job in Chicago.

By Kim Slowey • Dec. 11, 2015

Faraday Future chooses to build $1B electric car factory in NV

The decision marks another win for northern Nevada, which has seen a recent boom in construction by tech companies.

By Kim Slowey • Dec. 11, 2015

NYC named world's most expensive city for construction

Arcadis chalks up the high building costs to strong currency and resource constraints.

By Kim Slowey • Dec. 10, 2015

Mortenson nets contract to build $120M Minnesota United soccer stadium

The contractor, considered a sports facilities specialist, will once again team up with Kansas City-based architect Populous on the project.

By Kim Slowey • Dec. 10, 2015

Firm pursuing Elon Musk's futuristic Hyperloop system to build testing facility in NV

If the idea comes to fruition, the fully operational transportation system could cut the 400-mile trip between San Francisco and Los Angeles to less than one hour.

By Kim Slowey • Dec. 10, 2015

NY officials consider concessions for 2 World Trade Center construction

Commissioners from the Port Authority of New York and New Jersey said the success of the building "is contingent on some public-sector support."

By Kim Slowey • Dec. 9, 2015

Construction costs rise $10M on proposed St. Louis Rams stadium

The new facility is part of a plan to keep team owner Stan Kroenke from moving the Rams to Los Angeles. 

By Kim Slowey • Dec. 9, 2015

Marketing exec sues developers of luxury NYC tower for alleged construction defects

Loren Ridinger's lawsuit claims the draft through the building, designed by "starchitect" Jean Nouvel, creates a wind tunnel so severe that hydronic heating pipes have frozen and burst.

By Kim Slowey • Dec. 9, 2015

Dodge Momentum Index dips for 2nd consecutive month

However, the firm noted that the index is now "more consistent with the gentle upward trend in planning activity that began in 2012."

By Kim Slowey • Dec. 8, 2015

Gartner: Internet of Things adoption in commercial buildings to eclipse homes through 2017

BIM technology and associated apps for operations and energy management are cited as fueling IoT adoption in commercial buildings.

By Kim Slowey • Dec. 8, 2015

This week in construction

Check back this week for reports on construction material prices, as well as feature articles on the best holiday gift ideas for construction professionals and the effects of FEMA floodplain remapping.

By Emily Peiffer • Dec. 7, 2015

Tesla gigafactory construction driving surge in NV business licenses

The project's workforce is made up of 73% Nevadans, surpassing the 50% agreed to as part of the company's $1.4 billion package of tax incentives.

By Kim Slowey • Dec. 7, 2015

Reports: Apple's 2nd 'spaceship' campus leased site to have new owner

Industry experts estimate the 770,000-square-foot Central & Wolfe campus in Sunnyvale, CA — where the tech giant signed a 12-year, six-month lease — will sell for $200 million or more.

By Kim Slowey • Dec. 7, 2015

Developers score zoning approval to build world's tallest roller coaster in Orlando, FL

Universal Studios is leading the opposition to the Skyplex roller coaster, as it said the height will not fit the character of the area.

By Kim Slowey • Dec. 4, 2015

Snow room for error: Construction companies brace for winter work conditions

LPCiminelli's executive senior VP Frank Ciminelli said subzero temperatures are the biggest threat to employees during winter, but "being proactive is the best thing you can do."

By Kim Slowey • Dec. 3, 2015

UPDATE: Contractor dismisses claims against University of Oklahoma in stadium dispute

Steel contractor HME had alleged the university and the general contractor manipulated the bidding process so that another contractor with stadium experience would qualify for award of the nearly $12 million contract. 

By Emily Peiffer , Kim Slowey • Dec. 2, 2015

Report depicts 'bleak picture' of Boston rail line extension project $1B over budget

The controversy has put the transportation authority's guaranteed maximum price contract with consortium White-Skanska-Kiewit into the spotlight.

By Kim Slowey • Dec. 2, 2015

Construction spending soars to 8-year-high

Spending has been steadily growing, with October's increase marking the 11th-straight monthly rise. 

By Emily Peiffer • Dec. 1, 2015

Race to the top: Saudi Arabian developer secures funding to build world's tallest tower

However, if the proposed "Bride of the Gulf" tower is built in Iraq, Saudi Arabia's 3,280-foot-tall Jeddah Tower won't hold the title for very long.

By Kim Slowey • Dec. 1, 2015

Officials: Detroit-Windsor bridge could be one of Top 5 longest bridges in North America

The final design for the P3 project has not yet been revealed, but construction is set to begin in 2017.

By Kim Slowey • Dec. 1, 2015

This week in construction

Check back this week for construction spending and home price reports, as well as updates on the highway bill and a look at winter weather's impact on projects.

By Emily Peiffer • Nov. 30, 2015

Skanska committed to US strategy despite recent 'turbulence'

The construction giant also named a new chairman, former CFO Hans Biorck.

By Kim Slowey • Nov. 30, 2015