Commercial Building: Page 64

  • 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
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    iStock via Getty Images
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    ‘Tougher times ahead’ 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 large hallway with supercomputers inside a server room at a cloud data center Explore the Trendline➔
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    luza studios via Getty Images
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    Trendline

    Data center construction

    New projects from customers like Meta, Google and Amazon make this a burgeoning sector for contractors.

    By Construction Dive staff
  • 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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    July’s job gains ‘shockingly’ 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 Construction’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
  • The silver hernando de soto bridge spans a river.
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    The image by Trevor Birchett is licensed under CC BY-SA 4.0
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    Industry groups hit the road to promote engineering, public works careers

    The campaign will spotlight the need for workers to help address the country’s pressing infrastructure challenges.

    By • Aug. 4, 2022
  • A series of windows and balconies on an apartment building.
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    Chunyip Wong via Getty Images
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    Freddie Mac expects multifamily contraction through the end of 2022

    Macroeconomic headwinds include inflation and rising Treasury rates.

    By Mary Salmonsen • Aug. 4, 2022
  • A rendering of the Intuit Dome basketball arena in Los Angeles.
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    Courtesy of Los Angeles Clippers
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    AECOM-Hunt Turner tops out concrete frame at $2B Intuit Dome

    The future home of the Los Angeles Clippers went from concrete foundation to its top deck pour in just six months.

    By • Aug. 4, 2022
  • Speaker of the House Nancy Pelosi (D-CA), alongside House Democrats, holds up the CHIPS For America Act during a bill enrollment ceremony outside the U.S. Capitol July 29, 2022 in Washington, DC.
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    Drew Angerer / Staff via Getty Images
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    $52B CHIPS Act a boon for construction, but challenges remain

    Labor shortages, security clearances and the funding timeline still need to be addressed, experts say.

    By • Aug. 3, 2022
  • A front shot of a building with large windows in a scenic sunset background.
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    Permission granted by Nordic Structures
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    Q&A

    Code updates, sustainability spur mass timber’s US adoption

    Nordic Structures’ David Croteau said demand for CLT is growing as companies like Google, Microsoft and Facebook seek to reduce their carbon footprints.

    By • Aug. 3, 2022
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    Sean Gallup via Getty Images
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    Construction job openings plunged by 71,000 in June

    Vacancies in the industry fell 17.5% as the debate over whether the U.S. is in a recession rages on.

    By • Aug. 3, 2022
  • A shot from an upper floor into an open area of a hospital, with couches on the bottom, and open areas that look into the upper levels.
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    Permission granted by Messer Construction Co.
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    Q&A

    Messer COO: ‘Be really good at the job you have’

    Steve Bestard, the new COO of Messer Construction, riffed on his long career with the company and how to climb the ranks in construction.

    By • Aug. 3, 2022
  • Construction worker working onsite
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    Permission granted by James Kim Photography + PC Construction
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    Did the US just sink into a recession?

    Two consecutive quarters of economic contraction commonly defines a recession, but a construction economist sees growth ahead.

    By • Aug. 2, 2022
  • Aerial photograph of Johnson Space Center
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    Permission granted by NASA
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    Jacobs reports higher profits, more backlog but forecasts weak fourth quarter

    The Dallas-based technical, professional and construction services firm beat both earnings and revenue estimates, but lowered its guidance for Q4.

    By • Aug. 2, 2022
  • A rendering of 30 Van Ness in San Francisco.
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    Permission granted by Lendlease/Rendering by Steelblue
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    Lendlease breaks ground on $1.15B San Francisco tower

    The mixed-use 30 Van Ness project represents the firm’s largest investment ever in North America.

    By , • Aug. 1, 2022
  • A green semiconductor with paths created that allow it to be used in technology.
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    Justin Sullivan via Getty Images
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    CHIPS Act passes House, secures $52B for semiconductor industry

    Several massive manufacturing-related construction projects are depending on the act in order to move forward.

    By , • July 28, 2022
  • Two construction workers in reflective vests and blue hard hats stand on scaffolding.
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    Scott Barbour via Getty Images
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    Top 10 US metros for construction starts

    The value of the commercial and multifamily sectors rose in top metro areas in the first half of 2022, per a new report.

    By • July 28, 2022
  • The 275,000-square-foot facility in Phoenix will accommodate about 500,000 veteran patient visits each year.
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    Permission granted by Hoefer Welker
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    Jacobsen Construction completes one of country’s largest veteran care facilities

    The 275,000-square-foot Department of Veterans Affairs facility in Phoenix opened its doors June 27, and will provide care for up to 500,000 patient visits each year.

    By • July 28, 2022
  • $100 bills fan out on top of each other.
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    breeze393/iStock via Getty Images
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    Fed hikes interest rate again in bid to tamp down runaway inflation

    The second consecutive 75-point hike follows “worse than expected” June results, with Chairman Jerome Powell stating a strong labor market still belies a current recession.

    By Grace Noto • July 28, 2022
  • A Samsung flag flies outside the company's headquarters
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    Chung Sung-Jun / Staff via Getty Images
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    Tech giants plan to spend billions to construct new plants, data centers

    Clients like Samsung, Panasonic and Google eye massive U.S. projects in coming years.

    July 27, 2022
  • A man stands in the middle of a large, circular robot on rails in a warehouse.
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    Courtesy of COBOD
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    Cemex Ventures invests in 3D-printing tech for building

    3D-printing firm Cobod said its proprietary mix can adapt normal cement to the specifications needed to print buildings.

    By • July 27, 2022