Corporate News

  • ANAHEIM, CALIFORNIA - NOVEMBER 11: Ariana DeBose surprises guests at Disneyland with a performance from "Wish" at Disneyland on November 11, 2023 in Anaheim, California. (Photo by Charley Gallay/Getty
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    Charley Gallay/Stringer via Getty Images
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    Disneyland gets initial nod for $1.9B investment

    Anaheim City Council gave preliminary approval to a 10-year plan that would create 7,800 construction jobs, according to the California governor’s office.

    By • April 22, 2024
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    Permission granted by Lendlease
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    Q&A

    Successful healthcare projects are built on collaboration, Lendlease exec says

    The youngest project executive in the firm’s New York City office talks about the special challenges of complex medical projects as well as the importance of multitasking and delegation.

    By • April 17, 2024
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    sandsun via Getty Images
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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
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    xavierarnau via Getty Images
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    Skender hit by ransomware attack

    The Chicago-based builder disclosed the breach, which affected 1,067 people, in a filing with the Maine Attorney General’s office on April 5.

    By • April 10, 2024
  • A rendering of new stadium construction. People in the rendering mill about in the foreground, performing normal football-watching activities, like tailgating.
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    Courtesy of Baltimore Ravens
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    Executive Moves

    Gilbane promotes exec to Mid-Atlantic region lead

    Industry veteran Ted Holt helped the contractor become the second-largest builder in the Baltimore region.

    By • April 8, 2024
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    Permission granted by Related Midwest
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    Project Milestones

    Related Group starts $500M tower on Chicago waterfront

    400 Lake Shore will replace the abandoned Chicago Spire project with two residential buildings and a new public park.

    By Mary Salmonsen • April 8, 2024
  • The Autodesk Office at San Francisco --- featuring the company's name on green foliage.
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    Courtesy of Autodesk
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    Autodesk to audit financial practices, delay annual report

    The contech giant said it doesn’t believe that the investigated areas will affect any previously issued financial statements, or its most recent earnings release.

    By • April 5, 2024
  • Image of Forte Construction new headquarters in Islandia, New York
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    Courtesy of Forte Construction Corp.
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    New York GC opens new headquarters

    Forte Construction’s Long Island office, spanning 30,000 square feet, underwent significant upgrades including a complete interior renovation and exterior enhancements.

    By • April 5, 2024
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    sabthai via Getty Images
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    Former AECOM exec reportedly sues over alleged ageism, profit inflation

    Jay Badame’s lawsuit claims the Dallas-based mega-contractor fired him due to his age and for questioning the firm’s earnings statements, according to The Real Deal.

    By • April 2, 2024
  • Picture of LBJ Early College High School's building in Austin, Texas
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    Courtesy of Austin Independent School District
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    Executive Moves

    Jacobs CFO steps down after 8 months on the job

    The Dallas-based company brought back former CFO Kevin Berryman on an interim basis, as Claudia Jaramillo leaves to pursue other opportunities.

    By • April 2, 2024
  • Five women, the heads of the Chicago offices of AECOM-Hunt, Gilbane, Mortenson, Turner and Powers & Sons, pose for a group photograph.
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    Courtesy of Emma Kluever, C-Strategies
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    Q&A // ROUND TABLE

    Meet the 5 women leading major construction firms in Chicago

    The heads of Turner, Mortenson, Gilbane, AECOM Hunt and Powers & Sons in the Windy City talk inclusion, overcoming stereotypes and market dynamics.

    By • Updated March 29, 2024
  • A rendering portrays renovations at Michie Stadium at the U.S. Military Academy in West Point, New York.
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    Courtesy of Turner Construction
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    March 2024 wins: Contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders including MCM Construction, Skanska and Turner.

    By Construction Dive Staff • March 29, 2024
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    Courtesy of Balfour Beatty
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    Executive Moves

    Balfour Beatty US infrastructure arm appoints new execs

    The nods come on the heels of a profit drop for the London contractor.

    By • March 22, 2024
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    JaysonPhotography via Getty Images
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    Earnings roundup: High interest rates catch up to construction

    On their earnings calls, publicly traded firms said they are feeling the sting of a sustained period with higher costs of borrowing.

    By Construction Dive Staff • March 6, 2024
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    Igor Kutyaev via Getty Images
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    Executive Moves

    HITT announces senior appointments

    The changes include new leaders for the Washington, D.C.-based firm’s offices in California and New York.

    By • March 5, 2024
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    Jenni Sohn/Construction Dive
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    Construction Champions 2024

    These industry veterans from firms like Turner, Clayco and Flatiron are stalwarts in their fields, respected by all who work with them.

    By Construction Dive Staff • March 4, 2024
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    Permission granted by Procore Technologies
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    Sponsored by Procore Technologies

    3 critical stages for retaining women in construction

    One of the key strategies in addressing the construction labor shortage is recognizing the value and importance of a diverse workforce.

    March 4, 2024
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    goncharovaia via Getty Images
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    Executive Moves

    Burns & McDonnell taps new CEO, expands C-suite

    Incoming chief Leslie Duke said the fresh roles and promotions will bolster the Kansas City-based contractor as it takes advantage of infrastructure opportunities.

    By • Feb. 29, 2024
  • A photo shows the Los Angeles headquarters of heavy civil construction contractor Tutor Perini.
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    JHVEPhoto/iStock Editorial/Getty Images Plus via Getty Images
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    Tutor Perini posts $171M loss for 2023 on legal disputes

    The megaproject contractor said most of the charges related to settlements on legacy projects have been resolved.

    By • Feb. 29, 2024
  • A rendering depicts the twin-tube Frederick Douglass Tunnel in Baltimore.
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    Courtesy of Amtrak
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    February 2024 wins: Contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders including Flatiron, Granite and McCarthy.

    By Construction Dive Staff • Feb. 29, 2024
  • Scout Motors held ground breaking ceremony on its $2 billion EV plant in Blythewood, South Carolina.
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    Courtesy of Scout Motors
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    Scout Motors breaks ground on $2B EV plant after environmental delays

    The automotive company plans to finish its South Carolina facility in 2026 after pausing construction in the fall of 2023.

    By • Feb. 29, 2024
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    Spencer Platt via Getty Images
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    Granite posts profit for 2023, earns $26M in Q4

    The California-based road builder’s pivot to small jobs is paying off, but charges from outstanding legacy projects left a blot on its quarterly results.

    By • Feb. 23, 2024
  • Aerial view of the H2 Green Steel project in Sweden
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    Courtesy of Fluor
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    Fluor reports $21M loss, higher backlog

    Strong awards and cash generation were countered by a large negative charge, according to one financial research analyst.

    By • Feb. 21, 2024
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    Shutterstock/ f11photo

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    Kraus-Anderson buys healthcare-focused Phoenix builder

    Sonoran Crest Construction is the first acquisition for the 126-year-old Minneapolis firm.

    By • Feb. 13, 2024
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    Christopher Furlong via Getty Images
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    AstraZeneca to invest $300M in US cell therapy plant

    The U.K. drugmaker is adding a facility in Rockville, Maryland, after a spate of dealmaking in the therapeutic field.

    By Kristin Jensen • Feb. 13, 2024
  • Waterfront view of a long open metal bridge.
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    The image by Wally Gobetz is licensed under CC BY 2.0
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    AECOM Q1 revenue, profits up as backlog dips

    CEO Troy Rudd cited strength in water, resilience and other infrastructure markets, but the firm pulled two previously announced deals from its development pipeline.

    By • Feb. 7, 2024