Corporate News: Page 35
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WeWork raises $760M for popular coworking model
The company wants to be a design-build partner for its office build-outs, which are getting bigger as clients grow and global companies reach out for space.
By Kim Slowey • July 14, 2017 -
Deep Dive
Q&A: From the classroom to the studio, one young pro's quest to learn
One construction management student shares how she's taking to the airwaves to promote women in the field.
By Mary Tyler March • July 13, 2017 -
$1B Vista Tower developer plans four more Chicago high-rises
The tallest of the buildings Magellan proposed is an 80-story hotel and condo tower, with all slated for the company's 28-acre Lakeshore East development.
By Kim Slowey • July 13, 2017 -
Caterpillar invests $2M in Fastbrick Robotics
The partnership will allow Fastbrick to more quickly commercialize its technology and give Caterpillar a stake in the growing construction robotics space.
By Emily Peiffer • July 12, 2017 -
Faraday Future shelves plans for $1B North Las Vegas factory
The company is looking for an existing manufacturing plant that can get production underway sooner than building a new facility would allow.
By Kim Slowey • July 12, 2017 -
Facebook unveils plan for mixed-use village expansion to CA headquarters
The Willow Campus will provide housing and services to the local community as well as to approximately 8,700 Facebook employees.
By Kim Slowey • July 10, 2017 -
Deep Dive
The 50 States of Construction: Why activity in WI is keeping up with the coasts
Jim Rossmeissl, senior executive vice president for Boldt, discusses how the labor shortage and the new presidential administration could impact the industry.
By Emily Peiffer • July 10, 2017 -
Developer plans 63-story Queens, NY mixed-use development
When complete, the project will have one of the highest unit counts of any residential building in the borough.
By Kim Slowey • July 7, 2017 -
Arup awarded $1.5M contract to study potential North South Rail Link in Boston
Supporters of the project say it would ease congestion and improve access to the growing business and innovation districts in South Boston.
By Kim Slowey • July 7, 2017 -
Modular housing startup Blokable wants to raise $3M
The company has garnered $1.36 million so far, joining a growing group of offsite modular fabricators and turnkey builders to catch the eye of investors.
By Joe Dyton • July 7, 2017 -
Alphabet lab turns out new geothermal company for residential heating and cooling
Dandelion will operate as a standalone company outside of Google's parent company, offering geothermal heating and cooling to residential customers.
By Robert Walton • July 7, 2017 -
Head of NYC contractor organization recognizes shift to nonunion labor
Lou Coletti of the Building Trade Employers' Association also spoke out against a union-supported measure that would see public subsidies for worker training.
By Kim Slowey • July 6, 2017 -
TX beach development plans $1.3B expansion
Cinnamon Shore, in Port Aransas, TX, is the latest mixed-use community in the state to announce a major revamp.
By Kim Slowey • July 6, 2017 -
Construction tech startup Aproplan secures $5.7M in funding
The company has signed an agreement with Belgium's 60 largest construction firms, which are using its software to help digitize the industry.
By Mary Tyler March • July 5, 2017 -
Bechtel wins $480M London City Airport contract
The five-year contract includes expanding the existing terminal, constructing a passenger pier, adding seven airplane parking areas and building a new taxiway.
By Kim Slowey • June 30, 2017 -
Developers reveal details of $3B Tampa, FL waterfront development
The 57-acre project will take approximately nine years to complete and will include the first new downtown office building in 25 years.
By Kim Slowey • June 29, 2017 -
'$5B mile' in Frisco, TX lands new apartment project
The two-building rental complex will be part of the $700 million Gate development.
By Kim Slowey • June 28, 2017 -
Moody's forecasts growth in homebuilding activity, revenues
Builders continue to face lot and labor shortages while low interest rates and strong employment push demand for housing higher.
By Hallie Busta • June 27, 2017 -
Caterpillar leads funding round for financial analysis software
The equipment maker's venture captial arm led an $11 million Series A funding round for Alight, which serves the mortgage and mining industries.
By Joe Dyton • June 27, 2017 -
Google could reduce housing planned near new Mountain View, CA campus
An earlier environmental review found the area could handle up to 10,000 new homes, but new reports lower that figure to 3,000.
By Joe Dyton • June 26, 2017 -
Deep Dive
The 50 States of Construction: Why MI's market is rebounding and thriving
Todd Sachse, CEO of Sachse Construction, explores the factors behind Detroit's revitalization and the labor challenges plaguing contractors throughout the state.
By Emily Peiffer • June 26, 2017 -
DC United secures $120M in loans for stadium construction
Goldman Sachs reportedly loaned the soccer club $95 million, and the remaining $25 million came from Maryland-based EagleBank.
By Kim Slowey • June 23, 2017 -
Taiwanese tech giant Foxconn considering $10B US manufacturing investment
Several states are in the running for the massive spend, which could include a $7 billion display panel factory.
By Kim Slowey • June 23, 2017 -
ABC: Q1 construction backlog grows in all categories
The backlog indicator showed an increase of 8.1% to nine months from the fourth quarter of 2016.
By Kim Slowey • June 22, 2017 -
Shawmut is getting into the luxury housing market
The Boston-based construction management firm previously built homes upon request for clients of its other projects, which include commercial and cultural work.
By Joe Dyton • June 22, 2017