Corporate News
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Google plans $1B New York City project
Through capital improvements, the tech giant will increase its presence by 1.7 million square feet near the Hudson River on Manhattan's West Side.
By Kim Slowey • Dec. 18, 2018
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Apple plans $1B Austin, Texas, campus
The tech giant will build 3 million square feet of office space on a 133-acre plot about one mile from its existing site, to support up to 15,000 employees.
By Kim Slowey • Dec. 14, 2018
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The 7 most striking construction technology innovations of 2018
As the year wraps up, we're looking back at the technological strides that have been made, spanning artificial intelligence, drones, robotics and more.
By Kathleen Brown • Dec. 12, 2018
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Building Ventures closes $53M debut round, backed by industry giants
DPR, Gilbane, Mortenson and other AEC powerhouses supported the venture firm's inaugural fund, aimed at identifying early-stage companies with the potential to drive industry innovation.
By Kathleen Brown • Dec. 12, 2018
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Mortenson takes over $850M Seattle KeyArena project from Skanska-AECOM Hunt
Developer Oak View Group said splitting from the joint venture in order to give the job to "a dedicated single source team" was amicable.
By Kim Slowey • Dec. 12, 2018
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Dive AwardsExecutive of the Year: AECOM's Jay Badame
The construction veteran of more than 30 years has helped lead AECOM’s Building Construction division from coast to coast on such mega projects as Hudson Yards in New York and the Rams stadium in Los Angeles.
By Laurie Cowin • Dec. 03, 2018
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Dive AwardsDealmaker of the Year: Katerra
The sheer volume and breadth of acquisitions and partnerships that Katerra has signed this year have made it the industry's most remarkable dealmaker.
By Joe Beeton • Dec. 03, 2018
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Dive AwardsInnovator of the Year: Prescient
One of many tech-driven offsite construction firms capitalizing on the modular building wave, the startup stands apart as it steadily scales to deliver 18 story-structures.
By Laurie Cowin • Dec. 03, 2018
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Dive AwardsCompany of the Year: Hoar Construction
As Hoar nears the $1 billion annual revenue benchmark, its leadership is faced with an excellent dilemma: How do we preserve the culture and core values that have brought us success on this scale?
By Kathleen Brown • Dec. 03, 2018
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Tech Toys: The latest drone, VR, robot, software upgrades for construction
These are some of the newest announcements in the world of technology tools that promise to save contractors time, money and labor on the jobsite and in the office.
By Kathleen Brown • Nov. 21, 2018
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Autodesk to acquire PlanGrid for $875M
Two of the arguably biggest names in the space will merge next quarter in a promise to "completely change the construction technology landscape."
By Laurie Cowin • Nov. 21, 2018
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Digital Deals: The latest M&A activity and integrations in construction technology
These construction tech firms marry their niche solutions with other technologies and provide more comprehensive and interoperable tools.
By Kathleen Brown • Nov. 20, 2018
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AECOM to exit 30 countries, change leadership
Full-year income dropped 5%, and due to some “avoidable and unacceptable” issues in its fourth quarter, the firm will make changes to segments such as construction services, which is no longer led by Dan McQuade.
By Laurie Cowin • Nov. 13, 2018
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Wieland chalks up productivity gains to paperless project
Not a sheet of paper can be found at the rural paper mill project where Wieland Construction and its subcontractors are managing progress entirely from mobile devices, shaving hours off the schedule every day.
By Kathleen Brown • Nov. 12, 2018
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Tutor Perini's Q3 income, revenue fall
The contractor attributes 4% income and 6% revenue declines to continued delays on the California High-Speed Rail and other projects, but said that its $8.5 billion backlog is just shy of its record high.
By Laurie Cowin • Nov. 09, 2018
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Fluor, McDermott post declines in Q3 earnings
Fluor Corp. earmarked $9.6 billion in new awards for the quarter, but its earnings were down around 20%, while McDermott International Inc.'s income dropped almost 98% due largely in part to tax and merger expenses.
By Laurie Cowin • Nov. 06, 2018
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Skanska bowed out from certain types of P3s. How will that affect the market?
Avoidance of certain high-risk-high-reward projects is understandable for Skanska, legal experts said, and while the move may slightly reduce competition, it could also serve as a "wake-up call" for other contractors.
By Kim Slowey • Nov. 05, 2018
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3 cities in 'late-stage' talks to win Amazon HQ2
Reports suggest the winning location could end up in Dallas, New York or Northern Virginia — but Amazon remains tight-lipped.
By Kristin Musulin • Nov. 05, 2018
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Plaza Construction hired for $540M SkyRise Miami entertainment tower
At 1,000 feet, the amusement and observation tower is on track to be the tallest building in Florida.
By Kim Slowey • Nov. 02, 2018
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ColumnDigital Deals abound with integrations, new products and 3D printing breakthroughs
The first firm to receive a U.S. building permit for a 3D-printed home was backed by D.R. Horton, America’s biggest home builder, to kick off two weeks in which more than a dozen deals were signed. Here are the highlights.
By Joe Beeton • Oct. 31, 2018
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Carpenters union, Related strike deal for Hudson Yards
The developer of the $25 billion project in Manhattan said the agreement secures millions of man-hours for the New York City District Council of Carpenters, at rates that are up to 10.5% lower than the prevailing wage rate.
By Kim Slowey • Oct. 29, 2018
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Strike teams up with Sentinel Energy to form $854M business
Pipeline infrastructure contractor Strike's operations are expected to generate $1.8 billion in revenue this year.
By Kim Slowey • Oct. 26, 2018
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Skanska quits US P3 market, replaces civil division chief
President and CEO Anders Danielsson said the potential rewards of future U.S. public-private partnerships did not rise beyond the level of risk.
By Kim Slowey • UPDATED: Oct. 26, 2018 at 1:09 p.m.
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Fluor stock falls 17% on disappointing Q3 revenue estimates
The firm said that multimillion-dollar charges on two troubled projects put a dent in its projected third-quarter revenue, which falls short of analysts' forecasts.
By Kim Slowey • Oct. 12, 2018
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Covestro announces EU1.5B investment in Houston-area plant
The German polymer supplier chose to expand its Baytown, Texas, site — which already employs 1,000 — due to the area's low costs and existing infrastructure.
By Kim Slowey • Oct. 12, 2018