Corporate News: Page 37
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6 homebuilders make 2017 Fortune 500
Continued recovery in the housing market and strong price growth nationwide drove the industry's performance in this year’s ranking.
By Hallie Busta • June 12, 2017 -
Seattle mayor selects Oak View Group's $564M bid for KeyArena renovation
The developer was left as the only contender for the project after Seattle Partners withdrew its bid from consideration.
By Kim Slowey • June 9, 2017 -
Skanska USA completes $119M FL bridge
In addition to the 2.5-mile bridge, the company also worked on a 400-foot fishing pier, boat ramps, docks, a public park and associated roadwork.
By Kim Slowey • June 9, 2017 -
Developer revives plan for 17-story mixed-use tower in Bethesda, MD
JBG Cos. first secured approval for the project — which will feature 475 apartments and 21,000 square feet of retail — in 2013, but it halted progress in 2015.
By Kim Slowey • June 9, 2017 -
WeWork buys FieldLens to help manage construction operations
The coworking space provider has grown its digital and construction competencies through acquisitions as bigger clients request larger offices.
By Hallie Busta • June 7, 2017 -
Dewalt's new Wi-Fi mesh network could help smart job sites scale
The toolmaker teased the rollout of a broader IoT platform as well, following the expansion of its smart tools inventory management system.
By Hallie Busta • June 7, 2017 -
FullStack raises $6M as modular builds momentum
The emerging construction method is gaining traction in the market, catching the eyes of investors, in part, for its ability to streamline project schedules.
By Hallie Busta • June 7, 2017 -
Developers score $115M loan for Miami condo project
Project officials overcame the tight lending environment by securing commitments for 70% of the complex's 342 units.
By Kim Slowey • June 7, 2017 -
Chinese tire company Wanli to build $1B plant in SC
The project in Orangeburg County will be built in two phases over eight years and, when complete, will employ 1,200 people.
By Kim Slowey • June 7, 2017 -
Developers break ground on $150M Los Angeles mixed-use project
The Vineyards will feature an open-air shopping center, a 120-room hotel, a 266-unit apartment complex and a medical office building.
By Kim Slowey • June 6, 2017 -
Denver airport, Ferrovial near deal for $1B P3 contract
If Denver officials approve the contract for the terminal revamp, it will be the biggest public-private partnership in the city's history.
By Kim Slowey • June 6, 2017 -
Seattle Partners withdraws $521M bid for KeyArena redevelopment
The company, which was one of only two bidders for the project, criticized the way that the city has handled the bidding process.
By Kim Slowey • June 6, 2017 -
D.R. Horton makes $520M bid for TX developer Forestar
The Austin, TX–based residential developer had previously accepted an offer from Starwood Capital Group.
By Katy Tomasulo • June 6, 2017 -
Deep Dive
The 50 States of Construction: How VA thrives on stability amid a supply–demand imbalance
John Lawson, president and CEO of W.M. Jordan Company, explains why the state's biggest construction drivers are "always going to be there."
By Emily Peiffer • June 5, 2017 -
HVAC manufacturer Daikin completes $417M Houston-area campus
The 4.2-million-square-foot plant will eventually employ up to 4,000 people and is expected to draw additional industrial investment to the area.
By Kim Slowey • June 5, 2017 -
Atlanta Falcons' $1.5B Mercedes-Benz Stadium set for August opening
Construction crews recently closed the retractable roof for the first time and are making sure the eight petal-like pieces are aligned correctly.
By Kim Slowey • June 5, 2017 -
Deere to acquire German road equipment manufacturer for $5B
The purchase of Wirtgen Group will allow the equipment giant to expand its global presence in the infrastructure sector.
By Kim Slowey • June 2, 2017 -
Midwest, South boast housing affordability, school quality
Markets in and around Kansas City, MO, Oklahoma City and St. Louis lead HomeUnion's list of top housing markets for families with school-age children.
By Mary Tyler March • June 2, 2017 -
Faraday Future seeking $1B to help jump-start NV factory construction
The electric car manufacturer halted work on the North Las Vegas project in November amid reported financial issues.
By Kim Slowey • June 2, 2017 -
UPDATE: Kansas City, MO accepting bids for new airport terminal
The announcement came after the city received two unsolicited proposals for the $1 billion project, first from Burns & McDonnell and then from AECOM.
By Emily Peiffer , Kim Slowey • June 1, 2017 -
AECOM Tishman tapped to build $1B UK residential tower
When complete, the 67-story Spire London high-rise will be the tallest residential building in Western Europe.
By Kim Slowey • June 1, 2017 -
Los Angeles developer snags $239M loan for luxury high-rise
The U.K.-based Children's Investment Fund provided the loan for the project, which developers say will fill a gap in the area's stock of available ultra-luxury condos.
By Kim Slowey • June 1, 2017 -
Construction on $150M Minnesota United stadium could kick off this summer
The St. Paul, MN, stadium recently secured the property and sales tax breaks necessary to help fund construction.
By Mary Tyler March • May 31, 2017 -
OfferPad joins Zillow's new Instant Offers service
The internet is playing an increasingly important role in the home search and sales process.
By Katy Tomasulo • May 30, 2017 -
Verizon's $1B Irving, TX development nears groundbreaking
The mixed-use project, which will be located across the street from Verizon's local campus, has been in the planning stages for more than a year.
By Kim Slowey • May 30, 2017