Corporate News: Page 30
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Deep Dive
How tech giants are driving US construction trends
While HQ2s and office projects draw the most eyeballs, companies like Amazon, Apple and Microsoft are driving construction outside cities and across the country in the form of data centers, warehouses and more.
By Kathleen Brown • Jan. 23, 2019 -
KCI airport settles on Edgemoor, lower costs
Most airlines servicing the Kansas City, Missouri, airport agreed to move the new terminal forward with the winning bidder Edgemoor on a budget of $1.5 billion, despite challenges from the losing AECOM-led team.
By Kim Slowey • Updated Feb. 11, 2019 -
Salesforce Transit Center repairs, reinforcement will take months
Webcor/Obayashi's process at the $2.2 bllion shuttered San Francisco hub will not be complete until June, the Transbay Joint Powers Authority announced.
By Kim Slowey • Updated Feb. 8, 2019 -
Katerra's valuation could hit $4B following a rumored $700M SoftBank funding round
SoftBank's Vision Fund is a big investor in construction- and real estate-related companies, having led a massive round for Katerra in 2018.
By Kim Slowey • Jan. 17, 2019 -
More employees entering workforce equipped with tech skills
Confidence in new graduates' ability to help digitize companies through artificial intelligence, robotics and other tech is on the rise among construction and other business leaders.
By Riia O'Donnell and Kathleen Brown • Jan. 16, 2019 -
Google to convert mall into Los Angeles campus
The Westside Pavilion will retain some retail space but otherwise undergo a full LEED-certified, Gensler-designed conversion.
By Kim Slowey • Jan. 10, 2019 -
McCarthy tapped for $310M Phoenix airport expansion
As construction manager at risk for a new Southwest concourse, the contractor will oversee construction of new boarding gates, connector bridges and more.
By Kim Slowey • Jan. 3, 2019 -
Our 10 best stories of 2018
Construction Dive's top news and features covered AECOM, Skanska, Bechtel, the FIU bridge collapse, silica citations, stadium projects and more.
By Construction Dive Team • Dec. 21, 2018 -
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 -
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 -
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 -
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 -
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 -
Dive Awards
Executive 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. 3, 2018 -
Dive Awards
Dealmaker 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. 3, 2018 -
Dive Awards
Innovator 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. 3, 2018 -
Dive Awards
Company 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. 3, 2018 -
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 -
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 -
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 -
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 -
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 -
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. 9, 2018 -
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. 6, 2018 -
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. 5, 2018