Corporate News: Page 38
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Opening of $2.6B Rams, Chargers stadium delayed to 2020
Record rainfall in Los Angeles caused the one-year delay, which could affect the city's plans to host Super Bowl LV.
By Kim Slowey • May 19, 2017 -
Developer proposes $10B 'Baltimore Renaissance' initiative
Kahan S. Dhillon Jr., managing partner of Regent Co., said his proposal could bring the city an extra $156 million in tax revenue each year.
By Kim Slowey • May 19, 2017 -
Bechtel tops ENR Top 400 Contractors list for 19th straight year
Total revenue of the Top 400 increased by 6.5% in 2016 to $366.41 billion, but revenue from foreign projects continued to fall.
By Kim Slowey • May 19, 2017 -
AECOM announces plan to hire 3K workers in the next 6 months
The company's hiring spree will support its infrastructure work amid renewed focus in the U.S. on bridge, highway and other transportation projects.
By Kim Slowey • May 18, 2017 -
Developer plans $1.3B VA mixed-use complex
The 2.8-million-square foot project is the latest in a series of Washington, DC-area developments that aim to meet growing demand for live-work-play options.
By Kim Slowey • May 18, 2017 -
AGC partners with National Association of Manufacturers to launch infrastructure coalition
The contractors' group said that joining forces with NAM will help to highlight the widespread economic benefits of a large infrastructure program.
By Kim Slowey • May 18, 2017 -
Parrot launches drone division targeting construction, agriculture
The new business segment will offer hardware options from $1,000 to $5,000 — a middle ground between its current low-end and high-end offerings.
By Emily Peiffer • May 17, 2017 -
Startup Cover snags $1.6M to design, build personalized accessory dwelling units
The company uses software to manufacture high-tech, energy-efficient ADUs based on a buyer's location and design preferences.
By Mary Tyler March • May 17, 2017 -
Orange County, CA officials OK $178M civic center construction bond
Debt repayment on the bond, which came in $28 million higher than previous estimates, will cost local taxpayers $315 million to repay.
By Kim Slowey • May 17, 2017 -
MBTA hires CH2M to manage $2B Green Line reboot
The contractor will receive $57 million to oversee construction on the second attempt at extending part of Boston's light-rail system.
By Kim Slowey • May 17, 2017 -
KPMG to break ground on $430M Orlando, FL campus
The company's new training campus, which is slated for completion in late 2019, is expected to drive an additional 48,000 visits to the city each year.
By Kim Slowey • May 17, 2017 -
Developer plans $100M downtown Phoenix apartment high-rise
The tower, Arizona's second-tallest, is the latest new-construction project planned for downtown Phoenix as its thriving tech sector drives development.
By Kim Slowey • May 17, 2017 -
Dow Chemical announces major investments in manufacturing facilities
The company will build a 600,000-metric-ton plastics plant either in Texas or Louisiana as well as an innovation center at its Midland, MI, headquarters.
By Kim Slowey • May 16, 2017 -
Study: Obama Presidential Center in Chicago to create 5K jobs during construction
The project, which will be complete by 2021, is expected to deliver a 10-year economic impact of $3.1 billion to the city.
By Kim Slowey • May 16, 2017 -
Lennar halts plans to buy 64-acre parcel near Nashville, TN
The builder was planning 207 single-family homes from $230,000 to $280,000 in the subdivision, which would have been its 10th active community in the area.
By Katy Tomasulo • May 16, 2017 -
TX developer plans 135-acre mixed-use complex for Dallas suburb
The Strand, designed by Gensler, will feature a 3.5-million-square-foot "live-work-play" development with office, retail and residential space.
By Kim Slowey • May 16, 2017 -
Developer scores $1.25B loan for NYC condo project
The Bjarke Ingels–designed Eleventh project will take up a full block in Manhattan's Chelsea neighborhood and will cost an estimated $1.9 billion.
By Kim Slowey • May 15, 2017 -
Raiders set to hire Mortenson, McCarthy to build $1.9B Las Vegas stadium
The team and local officials are rushing to firm up their lease agreement in time to present it to NFL owners at their May meeting.
By Kim Slowey • May 15, 2017 -
Deep Dive
The 50 States of Construction: How UT contractors capitalize on booming population growth
Layton Executive Vice President Bryan Webb explores the factors contributing to Utah's vibrant economy and the challenges facing its local construction industry.
By Emily Peiffer • May 15, 2017 -
Apple announces $1B expansion of Reno, NV data center
Northern Nevada has seen a wave of tech company development, including Tesla's $5 billion gigafactory and Switch's $1 billion data center.
By Kim Slowey • May 12, 2017 -
Chase offers new mortgage borrowers 100K credit card points
Big banks are dishing up more perks to encourage prospective homebuyers, particularly millennials, to take out mortgage loans through them.
By Katy Tomasulo • May 12, 2017 -
Study: Construction workers in southern US lack employment benefits
The Workers Defense Project found that 40% of construction workers in Houston have no health insurance, retirement savings, paid vacations or sick leave.
By Kim Slowey • May 11, 2017 -
Amazon's new Seattle office building to include space for a homeless shelter
The online retail giant is expected to break ground on the six-story building later this year, and the shelter, Mary's Place, will take up 47,000 square feet.
By Kim Slowey • May 11, 2017 -
PulteGroup to leave St. Louis market by end of 2018
The announcement is the second big move by the homebuilder this week concerning its strategic shift to focus on higher returns on investment capital.
By Katy Tomasulo • May 11, 2017 -
Raiders release preliminary construction timeline for $1.9B Las Vegas stadium
The NFL team still must overcome an aggressive schedule of approvals and reviews before it can break ground as planned in early 2018.
By Kim Slowey • May 10, 2017