Commercial Building: Page 48

  • A red construction frame in front of a high-rise building under construction.
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    Backlog dips, but contractor confidence remains high

    Despite firms’ stable profit margins and expanding sales, the economy faces several challenges that could affect construction, said ABC’s chief economist.

    By Jennifer Goodman • Oct. 11, 2023
  • The Toyota bZ4X electric SUV parked in a driveway.
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    Courtesy of Toyota Motor Corp
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    LG Energy Solution invests $3B in US battery manufacturing expansion

    The extra capacity will help the battery maker supply Toyota with lithium batteries in a new supply deal. 

    By Kate Magill • Oct. 11, 2023
  • Construction site Explore the Trendline➔
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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
  • A sign of the NIBS Building Innovation Conference stands in the Washington Hilton Hotel on Sept. 6
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    Sebastian Obando/Construction Dive
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    Top construction events for the second half of 2024

    It’s time to plan ahead. Construction Dive has you covered with a full list of industry conferences, expos and meetings on tap for the rest of the year.

    By • Updated April 30, 2024
  • The sun sets on the facade of the U.S. Treasury Department.
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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 Jennifer Goodman • Oct. 10, 2023
  • 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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    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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    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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    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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    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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    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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    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
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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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    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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    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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    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