Commercial Building: Page 44

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    Profits fall for many public firms, partly due to inflation

    Amid soaring costs, several construction industry giants reported lower gains in recent earnings reports.

    By Construction Dive Staff • Nov. 28, 2023
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    Courtesy of Anderson Corp.
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    Project Wins

    Clayco to build Andersen facility in Georgia

    The contractor broke ground this month on the window and door manufacturing plant, said to be a $420 million investment.

    By • Nov. 27, 2023
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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
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    Column // Help Wanted

    Virginia Tech wins $450K grant for modular workforce development

    A team focused on scaling offsite construction in Appalachia hopes it can rebuild both the workforce and affordable homes.

    By • Nov. 27, 2023
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    Permission granted by Brad Ziegler
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    Detroit builder partners with local artists for charity auction

    Sachse Construction is leading “Hard Hats for Detroit,” an auction of one-of-a-kind helmets to benefit partner charities.

    By • Nov. 22, 2023
  • A Connecticut Department of Transportation crew goes to work on a southbound Interstate 95 bridge on November 05, 2023 in Westport, Connecticut
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Construction starts drop 7%, marking second consecutive loss

    Despite three megaprojects kicking off, high interest rates and tight credit restrained activity last month.

    By • Nov. 22, 2023
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    Courtesy of Ford.

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    Ford resumes Michigan EV battery plant construction

    The slow adoption of electric vehicles made the automaker reevaluate its investments, according to a key spokesperson for Ford.

    By Sara Samora • Nov. 22, 2023
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    Courtesy of Jacobs Solutions
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    Jacobs profits drop amid higher backlog, strategy shift

    The firm will combine its government services business with Amentum, a global engineering and technology solutions provider.

    By • Nov. 21, 2023
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    Permission granted by Matthew Thibault
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    3 tips for contractors to leverage BIM

    From aligning relevant parties to effective communication, experts broke down strategies at the Design-Build Conference & Expo.

    By • Nov. 21, 2023
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    Opinion // Business Matters

    3 steps to a profitable exit strategy

    To make the most money when it’s time to sell, owners need to focus on building value in their firms, writes construction consultant Matt Verderamo.

    By Matt Verderamo • Nov. 21, 2023
  • A render of a new building, covered in brown brick, amid a blue sky. People walk around it.
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    Retrieved from Colman Yards project site on November 22, 2023
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    ENC Construction starts work on $430M Illinois mixed-use project

    Developer J. Jeffers & Co. committed to only hiring contractors and labor in the state of Illinois, according to local media reports.

    By • Nov. 21, 2023
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    Courtesy of Skanska USA
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    Executive Moves

    Skanska USA names new Florida chief

    Tracy Hunt, a 26-year company veteran, took the reins of the contractor’s Building’s division in the state earlier this month.

    By • Nov. 20, 2023
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    Regional Report

    Civil work, sustainability lead Seattle construction market

    As infrastructure and public works projects bolster the Emerald City, private construction has weakened.

    By • Nov. 20, 2023
  • A photo shows the Los Angeles headquarters of heavy civil construction contractor Tutor Perini.
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    JHVEPhoto/iStock Editorial/Getty Images Plus via Getty Images
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    Executive Moves

    Ron Tutor to step down as Tutor Perini CEO in 2025

    Gary Smalley, the firm’s CFO since 2015, will succeed Tutor as chief executive officer. 

    By • Nov. 17, 2023
  • A group of UAW members picket outside of the Stellantis Mopar parts facility on Sept. 22, 2023 in Naperville, Illinois.
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    Scott Olson via Getty Images
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    UAW strike to have ripple effect on construction

    Union representation today is low, but the big wins from guilds and widespread pro-labor sentiment could tip the scales and continue to empower workers.

    By Jen A. Miller • Nov. 16, 2023
  • Rendering of Shawmut's Transformative Repositioning Project at 712 Fifth Avenue in Manhattan
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    Permission granted by Shawmut Design and Construction
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    Shawmut completes NYC landmark renovation project

    Work included the realignment of floor plates, relocation of columns and the creation of new elevator shafts on a 100-year-old building in Manhattan.

    By • Nov. 15, 2023
  • An overhead shot of a port with several docks for large ships. The water is an azure-y green.
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    Courtesy of McCarthy
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    McCarthy completes $92M Texas port project

    The St. Louis builder finished Port Houston’s Bayport Wharf 6 in 26 months on an accelerated timeline.

    By • Nov. 15, 2023
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    Courtesy of Skanska
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    Project Wins

    Skanska lands Texas university project, tops out another

    The Sweden-based developer and contractor announced it won a $100 million Texas State University project a week after it celebrated a milestone on a business school structure.

    By • Nov. 15, 2023
  • Funded By The Bipartisan Infrastructure Law, Sections Of The I-95 Northeast Corridor Are Reconstructed
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Construction input prices fall amid declining inflation

    The 1.2% drop in materials costs in October “should be cheered by most contractors,” said Anirban Basu, ABC chief economist.

    By • Nov. 15, 2023
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    Permission granted by MGAC
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    Q&A

    ‘Each day comes with surprises,’ project manager says

    MGAC’s Kristina Leighty sees her role as the glue that holds a job together.

    By Jennifer Goodman • Nov. 15, 2023
  • As seen from an aerial view Connecticut Department of Transportation crews reconstruct a southbound Interstate 95 bridge on November 05, 2023 in Westport, Connecticut.
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    John Moore/Getty Images via Getty Images
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    Economic Reports

    Backlog drops to lowest level since Q1 2022

    “Many smaller contractors are feeling the sting of weaker economic fundamentals in struggling commercial real estate segments,” said Anirban Basu, ABC chief economist.

    By • Nov. 14, 2023
  • Silver buildling against a bright blue sky shows WSP logo.
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    Retrieved from Raysonho.
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    Executive Moves

    WSP’s US CEO to retire

    The Montreal-based firm has initiated a search to replace Lou Cornell, a construction industry veteran who has also worked at Jacobs and AECOM.

    By Jennifer Goodman • Nov. 14, 2023
  • A bulldozer getting land ready for a semiconductor plant
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    Permission granted by Texas Instruments
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    Deep Dive

    US manufacturing boom unlocks ‘once-in-a-lifetime’ opportunity for contractors

    Here are ways construction firms can cash in on the country’s $500 billion onshoring surge and the ancillary projects it is spurring. 

    By • Nov. 14, 2023
  • A render of a medical office building, with green space and trees in the front. The building is covered in windows.
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    Permission granted by LPAS Architecture + Design
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    How this team planned for 3 different end users with VR

    Construction pros from Rudolph & Sletten, Jacobs and Boulder Associates discussed the use cases for virtual reality at the Design-Build Conference & Expo earlier this month.

    By • Nov. 14, 2023
  • Scorched and crumbling columns stand beneath a section of I-10 damaged by an intense fire.
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    Caltrans District 7/AP

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    LA’s I-10 to reopen in 3 to 5 weeks, no demo required

    After emphasizing that demolition was still an option late Monday, California Gov. Gavin Newsom said Tuesday new core samples indicated “surgical repairs” would suffice.

    By • Nov. 14, 2023
  • A tall, guitar shaped, window-covered building looms in the background on a very sunny day.
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    Permission granted by Miami in Focus
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    Executive Moves

    Suffolk taps Tutor Perini veteran for gaming exec role

    Prior to his arrival, Chris Creasey worked on gaming projects in Las Vegas, Florida and California.

    By • Nov. 13, 2023