Commercial Building: Page 35

  • The sun sets on the facade of the U.S. Treasury Department.
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    mrbfaust via Getty Images
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    10-year Treasury hits highest level since 2007

    As rates skyrocket, multifamily construction deals and transactions get even harder to pencil out.

    By Leslie Shaver • Oct. 10, 2023
  • A modern office with exposed brick walls and an open floor plan
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    Permission granted by DPR Construction
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    DPR opens new office, expands New England presence

    The California-based contractor has grown its Boston-area workforce from a handful of employees to more than 200 workers in 10 years.

    By • Oct. 10, 2023
  • Construction site Explore the Trendlineâž”
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    sandsun via Getty Images
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • In an aerial view, construction cranes dot the skyline on October 02, 2023 in Miami, Florida
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    Joe Raedle/Getty Images via Getty Images
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    Economic Reports

    Construction planning reverses 6-month losing streak

    Strength in education, life sciences and healthcare boosted the institutional segment, while a weaker office outlook drove commercial activity down.

    By • Oct. 9, 2023
  • A daytime shot of Columbus, Ohio, with a bridge, river and green space in the foreground. Tall buildings dot the background.
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    Sean Reid via Getty Images
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    Regional Report

    Columbus embraces its role as ‘tech capital of the Midwest’

    A deluge of private sector funding, rapid growth and a strong business environment contribute to the Ohio city’s surging starts.

    By • Updated Oct. 10, 2023
  • A rendering of Northvolt's upcoming battery factory near Montreal, Canada.
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    Courtesy of Northvolt
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    Northvolt to build $5B battery factory in Canada

    The Montreal plant will be the Swedish battery maker's first manufacturing site outside of Europe.

    By Kate Magill • Oct. 9, 2023
  • The Wisconsin State Capitol dome reflecting in a steel and glass building
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    YangYin via Getty Images
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    Wisconsin Senate committee rejects commercial building code update

    The proposal could have reduced energy use 30% across the state, saving residents and businesses more than $170 million, one proponent reported.

    By Nish Amarnath • Oct. 6, 2023
  • Port Authority of New York and New Jersey announced the start of operations at a new construction support facility at John F. Kennedy International Airport
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    Courtesy of Port Authority of New York and New Jersey
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    $19B JFK project opens construction support facility

    The hub will produce concrete on site and employ barges to reduce emissions and congestion on the airport rehab project.

    By • Oct. 6, 2023
  • A wider shot of a gray-floored expo hall. Booths are set up along the edges of the photo, and a crowd of people are milling back and forth in the hall. All are dressed in business-casual attire.
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    Permission granted by Matthew Thibault
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    7 products for GCs, subs from Greenbuild

    ESG software, a waste-battling robot and a building code library were among the wares on display at the largest green building conference in the world.

    By • Oct. 6, 2023
  • A hard hat rests on a pair of beaten up work boots.
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    matt_benoit via Getty Images
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    Beyond steel toes: Modern work boots offer safety, comfort, support

    Experts say new footwear companies have pioneered materials and methods to help workers find the right fit.

    By Jen A. Miller • Oct. 5, 2023
  • A 'Join Our Team' sign is displayed outside a Chipotle location, advertising a $16.75 wage with an opportunity to earn up to $100,000.
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    Mario Tama / Staff via Getty Images
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    Employers predict ‘modest’ 3.9% pay increases for 2024

    Companies also plan to promote 8.7% of their employee population next year — spending part of their compensation budgets on related raises.

    By Laurel Kalser • Oct. 5, 2023
  • A close up view of a computer's inner workings
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    Manassanant Pamai via Getty Images
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    White House earmarks $500M in CHIPS funds for smaller projects

    The support for semiconductor-related construction under $300 million follows the Department of Commerce’s announcement in June to expand funding for larger supply chain projects.

    By • Oct. 5, 2023
  • Construction cranes line the city skyline at dusk in New York City.
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    zxvisual via Getty Images
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    NYC’s ‘mass timber studio’ aims to warm builders up to the material

    The wood product represents a “huge untapped potential” to drive down the city’s carbon footprint, said the New York City Economic Development Corp.

    By Ysabelle Kempe • Oct. 4, 2023
  • Hooded person types on computer in a dark room with multiple monitors and cables everywhere.
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    gorodenkoff via Getty Images
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    Construction insurer hit in data breach

    Builders Mutual said the hack affected 64,761 individuals, per a filing with the state of Maine.

    By • Oct. 4, 2023
  • A man wears a yellow safety vest and a white hardhat with a camera mounted on the top. He sits in an industrial control room-esque room.
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    Permission granted by Suffolk Construction
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    Q&A // ConTech Conversations

    ConTech Conversations: It’s okay to be a fast follower

    Not every solution needs to be cutting edge or fix everything, said a Suffolk tech executive.

    By • Updated Oct. 5, 2023
  • Blocks spell M and A
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    Nastassia Samal via Getty Images
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    Sumitomo Forestry to buy JPI’s operating platform

    JPI CEO Payton Mayes and Chief Financial and Investment Officer Mollie Fadule will operate the company within the Japanese conglomerate.

    By Leslie Shaver • Oct. 4, 2023
  • A construction worker communicates with more workers atop a structure being built.
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    Panupong Piewkleng via Getty Images
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    Construction job openings inch down

    The labor market appears to be cooling, but construction labor woes won’t go anywhere anytime soon, an economist says.

    By • Oct. 4, 2023
  • Three construction workers talking and smiling on the jobsite.
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    kali9 via Getty Images
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    Construction has happiest workers of any industry

    Rising wages and plentiful jobs have kept employees' spirits high, but watch for signs of discontent, a new report says.

    By • Oct. 3, 2023
  • A rendering on the redevelopment at Grand Sierra Resort.
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    Retrieved from Grand Sierra Resort on October 02, 2023
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    Reno’s Grand Sierra Resort plans $1B in projects

    The decade-long redevelopment will bring a sports arena and entertainment district to the Nevada resort.

    By Jenna Graber • Oct. 3, 2023
  • Construction workers carry building materials through the Stamford Transportation Center
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Manufacturing continues to drive construction spending

    An uptick in megaproject funding drove overall nonresidential outlays higher for the third consecutive month, according to U.S. Census Bureau data.

    By • Oct. 2, 2023
  • Greenbuild conference sign stands in the middle of the 2023 Greenbuild International Conference and Expo.
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    Sebastian Obando/Construction Dive
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    Greenbuild 2023: Building execs champion ESG

    Panelists at last week’s event urged contractors to craft a three-pronged strategy for environmental, social and governance initiatives.

    By • Oct. 2, 2023
  • New complex of apartment buildings under construction
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    ewg3D via Getty Images
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    Local, industry policies can cut embodied carbon

    Targeted incentives and building code changes can support the transition to more climate-friendly building materials, say research, advocacy and industry groups.

    By Ysabelle Kempe • Oct. 2, 2023
  • Lendlease and Ivanhoe Cambridge top out on a $545 million life sciences development project
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    Courtesy of Lendlease
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    Megaproject boom squeezes supplies for life sciences construction

    Contractors say lead times for generators, electrical switchgears and elevators stretch to two years because of billion-dollar builds.

    By • Oct. 2, 2023
  • Buildings stand on a bright, sunny day on the waterfront. There is an abundance of green space around the building, and the buildings are modern, and covered with windows.
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    Courtesy of Gilbane Building Co.
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    Project Wins

    Gilbane wins luxury Florida condo-rental project

    The West Palm Beach tower will include 485 units, 2 million square feet of space and a marina.

    By • Oct. 2, 2023
  • Bunk beds with white bedding sit before a window with a view of Manhattan skyscrapers.
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    Courtesy of Hilton
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    Travel rebounds, boosts hotel projects

    A recovery in the hospitality industry and an increase in consumer confidence have led hotel companies to prime their construction pipelines.

    By Industry Dive Staff • Oct. 2, 2023
  • Aerial view of a cityscape with roads, parking lots and buildings where Amtrak's Frederick Douglass tunnel will be built.
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    Courtesy of Amtrak
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    September project wins: Contractors reveal their latest awards

    As summer came to a close, builders announced big infrastructure wins.

    By • Sept. 29, 2023