Commercial Building: Page 3

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    -slav- via Getty Images
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    Bank failures put squeeze on construction loans

    The lending environment, which has grown more treacherous over recent weeks, could dampen new multifamily starts by as much as 60%, according to one executive.

    By Leslie Shaver • May 9, 2023
  • Two men stand next to each other in front of a sign that says "Bird: A Black & Veatch Company" in a wood-paneled room.
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    Courtesy of Black & Veatch
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    Black & Veatch acquires Texas electrical contractor

    Bird Electric will join the engineering firm’s portfolio and expand its capabilities in fields like electric vehicles and renewables.

    By • May 9, 2023
  • AGC image library construction worker with steel Explore the Trendline➔
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    Permission granted by Associated General Contractors of America
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    Trendline

    Labor

    A roundup of articles about issues affecting the workforce.

    By Construction Dive staff
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    Joe Raedle via Getty Images
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    DeSantis inks Florida E-Verify law for private employers

    In anticipation of the new requirement, some construction workers have stopped showing up to their jobs for fear of being deported, CBS Miami reported.

    By • Updated May 11, 2023
  • A United Parcel Service (UPS) truck delivers boxes in Manhattan on April 26, 2022 in New York City.
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    Spencer Platt/Getty Images via Getty Images
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    UPS plans to open 7 healthcare logistics facilities in 2023

    Services for healthcare shippers have been a bright spot for the delivery giant amid an overall decline in demand.

    By Max Garland • May 8, 2023
  • A statue of a bull stands in New York's financial district.
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    Chris Hondros via Getty Images
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    Tutor Perini’s loss doubles as revenue sinks

    Delayed impacts from the pandemic, an adverse legal ruling and accounting charges conspired to eat into the contractor’s top and bottom lines. 

    By • May 8, 2023
  • Rendering of the $450 million Desert Diamond Casino in Glendale, Arizona
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    Courtesy of Desert Diamond Casino
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    Construction planning drops 2 months in a row

    Weak activity for offices, hotels and retail pulled the Dodge Momentum Index lower.

    By • May 8, 2023
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    TriggerPhoto via Getty Images
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    Fluor posts $107M loss, increased backlog

    A combined $80 million in charges on legacy infrastructure projects obscured an otherwise healthy first quarter, an analyst said.

    By • May 5, 2023
  • A rendering of a rectangular building with large glass windows.
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    Courtesy of Skanska
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    Skanska profits tank on weak residential performance

    CFO Magnus Persson told Construction Dive the firm can weather the downturn, in part thanks to healthy infrastructure demand in the U.S.

    By • Updated May 8, 2023
  • A gavel rests on a book about employment law.
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    iStock / Getty Images Plus via Getty Images
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    Racism in Construction

    Whiting-Turner settles EEOC suit for $1.2M

    The firm allegedly segregated workers into all-Black crews run by White supervisors who harassed them with racial slurs at a $600 million Google data center project.

    By • May 5, 2023
  • Rendering of a hotel room
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    Retrieved from Caesars Entertainment on May 02, 2023
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    Caesars Entertainment to add $100M tower to Paris Las Vegas

    Caesars will integrate the existing Jubilee Tower at Horseshoe Las Vegas into Paris Las Vegas and rename it the Versailles Tower as part of the resort’s ongoing upgrades.

    By Jenna Walters • May 5, 2023
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    David Paul Morris / Stringer via Getty Images
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    Google breaks ground on 2 data centers in central Ohio

    The tech conglomerate announced plans to expand its footprint in the Buckeye State, bringing its total investment there to more than $2 billion.

    By • May 4, 2023
  • A large, convex-shaped apartment building is in the focus and foreground.
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    Permission granted by Jason O'Rear
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    Project Milestones

    Gilbane completes convex-shaped mixed-use project in LA

    With a lens-like design, the $125 million development will feature 10 levels of apartments and luxury amenities.

    By • May 3, 2023
  • A lone construction worker pauses on a jobsite.
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    shotbydave/E+ via Getty Images
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    Construction’s layoffs reach highest level since early in the pandemic

    Approximately 73,000 building job openings disappeared in the latest government report, continuing the industry’s wild ride in 2023.

    By • May 3, 2023
  • Aldi
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    Courtesy of Aldi
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    Aldi plans to open 120 stores in 2023

    The discount retailer said it added 35 stores in the U.S. during the first quarter of 2023 and expects to have more than 2,400 locations across the country by the end of the year.

    By Sam Silverstein • May 3, 2023
  • A rendering of a new hospital building. It looks made in a computer program. The building is in the background, while there is a parking lot and some green grass in the foreground.
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    Courtesy of McCarthy Building Cos.
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    Project Wins

    McCarthy breaks ground on $52M Missouri hospital expansion

    The project, which will be delivered using the CMAR method, is scheduled to finish at the end of 2024.

    By • May 3, 2023
  • People walk down Wall Street in New York City.
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    Spencer Platt via Getty Images
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    Blame it on the weather: Granite pegs Q1 loss, revenue dip to extreme storms

    Despite delays, the California contractor boosted its backlog to a record $5.1 billion and said its shift to smaller, lower risk projects was bearing fruit.

    By • May 2, 2023
  • Eleven construction workers eat lunch hundreds of feet in the air.
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    Charles Clyde Ebbets/Bettmann Archive. Retrieved from Wikimedia Commons.
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    Safety Week 2023

    The safety violations in construction’s most iconic photo

    For most safety experts, “Lunch Atop a Skyscraper” is cringe-inducing, though it also evokes feelings of pride. For Construction Safety Week, several of them chimed in on the history of the photo, its significance and the red flags that stood out to them.

    By • May 2, 2023
  • Two people in hardhats look out from a high view into an in-progress building.
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    Paul Bradbury via Getty Images
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    Safety Week 2023

    Round Table: SIFs, data key to jobsite hazard detection

    Experts from Skanska, Shawmut, Turner, Balfour Beatty and Clark said planning, prevention and prediction are the present and future of jobsite safety.

    By • May 2, 2023
  • aerial view of Bosch's semiconductor fab in Roseville, California
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    Permission granted by Bosch
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    Bosch to invest $1.5B into California semiconductor plant

    The German company plans to acquire the assets of Roseville, California-based chipmaker TSI Semiconductors.

    By • May 2, 2023
  • A photo shows New York City's Rikers Island in the distance
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    Spencer Platt via Getty Images
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    Project Wins

    Tutor Perini wins $2.95B NYC jail contract

    The Los Angeles-based firm will design and build the Brooklyn facility for the city’s new Borough-Based Jails System.

    By • Updated May 2, 2023
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    Courtesy of Associated Builders and Contractors
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    Manufacturing sustains construction spending — again

    The manufacturing boom is helping the industry weather softening residential and other nonresidential markets.

    By • May 1, 2023
  • Construction trucks and machinery work along a dirt road.
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    Permission granted by Skanska
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    Project Wins

    Skanska nabs $267M California interchange rebuild

    The Sweden-based contractor announced the project win Friday, with its Q2 earnings call just around the corner.

    By • May 1, 2023
  • A pilot inspects his fighter jet in the foreground, as the runway frames the jet. There is sky and grass surrounding the runway and jet.
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    Sullivan, Robert. (2019). "McDonnell Douglas F-15C "Eagle"" [Photograph]. Retrieved from Flickr.
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    Project Wins

    Tutor Perini subsidiary wins $222M airport project

    The embattled company is picking up its second subsidiary win in two weeks through the award.

    By • May 1, 2023
  • A panoramic shot in New York City shows construction cranes dotting the skyline.
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    Alex Potemkin/E+ via Getty Images
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    First state law banning gas in new buildings likely to pass in New York

    Environmental and social justice advocates worry it will include a “poison pill” provision backed by the oil and gas industry.

    By Ysabelle Kempe • May 1, 2023
  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    // Safety Week 2023

    Construction safety front and center this week

    Monday kicks off Construction Safety Week. From a safety crackdown in NYC to using AI to prevent injuries, here's what's trending on the topic.

    By Construction Dive Staff • May 1, 2023