Commercial Building: Page 69
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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 Sebastian Obando • Aug. 2, 2022 -
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 Jennifer Goodman , Zachary Phillips • Aug. 1, 2022 -
Explore the Trendline➔
Permission granted by Associated General Contractors of AmericaTrendlineLabor
A roundup of articles about issues affecting the workforce.
By Construction Dive staff -
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 Matthew Thibault , Sebastian Obando • July 28, 2022 -
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 Julie Strupp • July 28, 2022 -
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 Sebastian Obando • July 28, 2022 -
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 -
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 -
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 Matthew Thibault • July 27, 2022 -
Q&A
7 tips for complying with New York's wage theft law
General contractors need to take care in order to avoid liability, according to accountant Phil Ross.
By Jennifer Goodman • July 27, 2022 -
BNBuilders fires 3 workers connected to noose incident at Meta site
More than 20 noose incidents have been reported on construction jobsites since George Floyd’s murder in 2020, but rarely do perpetrators get caught.
By Sebastian Obando • July 27, 2022 -
Column
The Dotted Line: ‘Carrot and stick’ provisions help architects and GCs get along
A new report explores the clashes between designers and builders. Construction attorneys say it doesn’t have to be that way.
By Joe Bousquin • July 26, 2022 -
Samsung proposes $191B Texas semiconductor project
A critical factor for this potential massive investment in Taylor, Texas, is the passage of the CHIPS Act, currently under consideration by Congress.
By Sebastian Obando • July 25, 2022 -
Recession likely to begin in first quarter 2023: Fannie Mae
The Fed will probably succeed in slowing inflation but its withdrawal of stimulus may trigger a recession early next year, economists said.
By Jim Tyson • July 25, 2022 -
Balfour Beatty lands plethora of projects in California
The London-based firm is focusing on small- and medium-sized education and federal builds.
By Matthew Thibault • July 25, 2022 -
Jacobs wins $310M UK nuclear site project
The Dallas-based construction firm will deliver civil, mechanical and electrical engineering services for one of Britain’s most complex nuclear sites.
By Sebastian Obando • July 22, 2022 -
Skanska CFO: 'We probably have the best balance sheet in the industry'
Amid a war in Ukraine, inflation and a looming recession, the Swedish contractor saw second quarter profits dip slightly and revenue increase 18%.
By Zachary Phillips • July 22, 2022 -
Onshoring push continues with $1.8B Indiana semiconductor plant
Semiconductor projects remain in high demand in the U.S. as more American companies decide to build domestic manufacturing facilities.
By Sebastian Obando • July 21, 2022 -
Boring Co. misses proposal deadline on San Bernardino project
The company opened its first destination station for the Las Vegas Loop, but didn’t further pursue a California project.
By Zachary Phillips • July 21, 2022 -
After bridge collapse, Pittsburgh greenlights comprehensive bridge evaluation
The city approved a two-year, $1.5 million contract with WSP for engineering review of all 150 city-owned bridges, with a report expected by October.
By Austyn Gaffney • July 21, 2022 -
Nonresidential construction starts fall 14%; ABI outlook cloudy
As recession fears spread, the industry logged a slowdown in commercial, manufacturing and institutional activity last month, while architects’ billings grew at a slower pace.
By Joe Bousquin • July 21, 2022 -
Clark breaks ground on data center project in Northern Virginia
The two-story steel structure will sit on a 78-acre campus and is slated for completion in the first quarter of 2024.
By Sebastian Obando • July 20, 2022 -
DOE awards $39M for tech that would enable buildings to store carbon
The funding for 18 projects is part of the Energy Department’s push to reduce greenhouse gas emissions and improve energy efficiency.
By Sebastian Obando • July 20, 2022 -
Panasonic to open $4B EV battery plant in Kansas
The new project is one of several underway in the industry to grow U.S. battery production amid increased demand.
By Kate Magill • July 20, 2022 -
Six states cut corporate tax rates
Although only four states forgo a corporate income tax, six states this year have eased the tax burden on companies.
By Jim Tyson • July 20, 2022 -
Retrieved from U.S. Department of Energy.
$200K reward leads to worker's termination for noose at federal project
North America’s Building Trades Unions, which offered the reward, said it was in the process of paying it out after tips to its hotline resulted in the alleged perpetrator’s identification.
By Joe Bousquin • July 20, 2022