Commercial Building: Page 61

  • Overhead view of the silver Mario Cuomo Bridge over deep blue water.
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    The image by Komzet is licensed under CC BY-SA 4.0
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    Global Infrastructure Solutions acquires Hill International for $173M

    The merger will accelerate growth for Hill, one of the U.S.’s largest construction management firms, and expand GISI's consulting services.

    By • Aug. 19, 2022
  • A stack of lumber.
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    Credit: Melena-Nsk via Getty Images
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    Lumber prices ride a volatility roller coaster

    Multifamily builders are pre-purchasing and warehousing lumber for future projects as the market remains in flux.

    By Mary Salmonsen • Aug. 19, 2022
  • three people in hardhats look over a blueprint Explore the Trendlineāž”
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    vitranc via Getty Images
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    Trendline

    Preconstruction

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

    By Construction Dive staff
  • An overhead view of waterfront offshore wind turbine construction.
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    Courtesy of Skanska USA
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    Project Wins

    Skanska tapped to work on largest US offshore wind project

    Skanska USA will redevelop part of a Virginia marine terminal into an offshore wind staging port.

    By • Aug. 19, 2022
  • Construction workers perform jobs at a building site.
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    Courtesy of Associated Builders and Contractors
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    The top and bottom 5 states for construction employment

    Associated Builders and Contractors analyzed the unemployment rate for construction, and found two states with a rock-bottom low of just 0.9% in June. 

    By • Aug. 19, 2022
  • A picture of the river in downtown Chicago.
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    Big Joe/ iStock via Getty Images
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    Chicago, Milwaukee top Mortensonā€™s construction costs list

    Of the seven cities surveyed in the firm’s Q2 cost index, prices rose the most in traditionally affordable markets.

    By • Aug. 18, 2022
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    Eduardo Munoz Alvarez/stringer via Getty Images
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    The most recession-proof sectors for construction

    Contractors’ safest bet remains federally funded work, while private jobs could dry up during a downturn, experts say.

    By • Aug. 18, 2022
  • A render of several buildings in the foreground, including tracks for automated transportation, while a tall tower is in the background.
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    Courtesy of Balfour Beatty
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    Balfour Beatty reports higher profits on flat revenues

    The London-based contractor increased its backlog and is bullish on the U.S. infrastructure market as a result of the $1.2 trillion IIJA.

    By • Aug. 18, 2022
  • Skyline of Miami Downtown
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    S_Hoss via Getty Images
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    After Surfside settlement, Terra begins mixed-use project near Miami airport

    The South Florida developer plans to construct 1,200 apartments overall at the CentroCity development.

    By Leslie Shaver • Aug. 17, 2022
  • A photo shows the main entrance for Benson Polytechnic High School in Portland, Oregon.
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    Courtesy of Steve Morgan, Wikipedia
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    Racism in Construction

    Noose found at $295M Oregon high school construction site

    Andersen Construction, which is overseeing the renovation at Benson Polytechnic High School in Portland, Oregon, offered a $10,000 reward for information in the case. 

    By • Aug. 17, 2022
  • $2.9 billion BlueOval SK Battery Park Ford plant in Glendale, KY
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    Courtesy of Ford
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    Dodge: Total construction starts surge 48% in July

    The strong jump in starts could slow down by the end of the year, particularly if the Federal Reserve continues to hike up interest rates, said Richard Branch, chief economist at Dodge.

    By • Aug. 16, 2022
  • People mill about in an airport concourse at the Denver International Airport. People are seated across the foreground and background as others walk about.
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    Courtesy of Denver International Airport
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    Report details what went wrong at Denver Airportā€™s Great Hall project

    The build had several high-profile issues, including cost overruns and management fights, and is years behind its original schedule.

    By • Aug. 16, 2022
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    Joe Raedle via Getty Images
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    What a recession would look like for construction

    Industry experts list eight steps builders can take in order to prepare their businesses for an economic downturn.

    By • Aug. 16, 2022
  • Skanska
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    Permission granted by Skanska
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    Executive Moves

    Skanska USA names new CEO for commercial development

    As Murphy McCullough moves into a new position, Skanska looks to complete a $476 million office tower in the Seattle area.

    By • Aug. 16, 2022
  • An artistic rendering of the new Soo Lock, currently under construction.
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    Courtesy of U.S. Army Corps of Engineers
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    Michiganā€™s Soo Lock reaches construction milestone, preps for Phase 2

    The lock, first authorized in 1986, finally began construction in 2020. Two major phases remain.

    By • Aug. 15, 2022
  • the Kraft Group Office Building
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    Permission granted by SGA Architects
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    Office addition at Gillette Stadium on track for October

    The project at the home of the New England Patriots is the first phase of a new, multipurpose building.

    By • Aug. 12, 2022
  • Aerial view with Lower Manhattan skyline at sunset
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    Ultima_Gaina via Getty Images
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    NYC construction activity still up for the year, but slumps in Q2

    While higher than 2021, Q2's filings were 16% lower than the average since 2008, according to a new report.

    By • Aug. 10, 2022
  • The Statue of Liberty from its right side at dusk, with New York's skyline as a backdrop.
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    Drew Angerer via Getty Images
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    3 US cities with the biggest increases in construction costs

    In a recent report, Rider Levett Bucknall called attention to the workforce shortage construction faces and highlighted the need for new workers.

    By • Aug. 10, 2022
  • A traffic sign indicates reduced speed ahead.
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    iStock via Getty Images
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    ā€˜Tougher times aheadā€™ for construction as July backlogs fall

    As new work and profit expectations decline, ABC’s Anirban Basu said construction activity clearly “has begun to fade.”

    By • Aug. 9, 2022
  • A rendering shows the $2.3 billion mixed-use development in Henrico County, Virginia
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    Courtesy of GreenCity
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    $2.3B GreenCity to break ground in 2023 near Richmond, Virginia

    The "eco district" development includes cross-laminated timber and solar power to minimize environmental impacts.

    By • Aug. 9, 2022
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    400tmax via Getty Images
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    AECOM raises guidance amid higher profits, lower revenue

    Backlog at the 10th largest U.S. contractor increased by 3.5% to $41.1 billion, but COVID-19 in China and industry staffing shortages remain as challenges.

    By • Aug. 9, 2022
  • Photo shows a midscale LNG plant installed on three fixed jacket offshore platforms.
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    Permission granted by Fluor
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    Fluor misses on estimates, trims guidance

    The Irving, Texas-based company reported an 11% revenue decrease and narrowed its high-end guidance.

    By • Aug. 5, 2022
  • A major construction site in downtown San Diego.
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    Courtesy of Turner Construction
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    Julyā€™s job gains ā€˜shockinglyā€™ strong as construction adds 32K positions

    The news wasn’t all good, though, as it gave the Fed more reason to keep raising interest rates.

    By • Aug. 5, 2022
  • A field of solar panels that dominate the foreground and the background. In the background, they are slanted at angles.
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    Courtesy of PCL Construction
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    PCL Constructionā€™s solar division has its eye on the sky

    The company’s solar work is thriving, and an executive said it will be a large part of its strategy going forward.

    By • Aug. 5, 2022
  • supermarket warehouse with rack, shelf storage carton, box, cardboard box and tin
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    Edwin Tan via Getty Images
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    Q&A

    Where manufacturing grows, warehouse demand follows: CBRE exec

    Construction Dive talks with James Breeze, senior director at CBRE, about why warehouse demand will increase because of onshoring, and the Middle America markets that will benefit from new construction.

    By • Aug. 5, 2022
  • Wall Street
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    Spencer Platt via Getty Images
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    Tutor Perini posts wide-ranging loss, pulls guidance for 2022

    The Los Angeles-based contractor blamed reduced project execution, COVID-19 impacts and a reversal of previously awarded legal damages for its results, which came in far below analysts’ expectations. 

    By • Updated Aug. 5, 2022