Corporate News: Page 39
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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 -
Hensel Phelps poised to win $280M Phoenix airport contract
The city is also soliciting bids for a construction consultant for infrastructure and mechanical systems upgrades to the airport's busiest terminal.
By Kim Slowey • May 10, 2017 -
Atlanta makes room for tiny houses with zoning change
Citing housing affordability concerns, City Council members voted to update zoning rules to allow for accessory dwelling units on lots already zoned for duplexes.
By Mary Tyler March • May 10, 2017 -
Deep Dive
The 50 States of Construction: Why NV companies expect a big payoff after years of stagnation
Tutor Perini Regional Vice President Travis Burton discusses three projects that local contractors are betting will kick the Las Vegas market into high gear.
By Emily Peiffer • May 8, 2017 -
Summa Health to break ground on $350M Akron, OH medical complex
Hospital officials used Microsoft HoloLens mixed-reality technology when designing the operating rooms in order to boost efficiency and avoid potential rework.
By Kim Slowey • May 8, 2017 -
Caterpillar acquires equipment rental, tech startup Yard Club
The two companies have been linked since Caterpillar invested in the San Francisco–based startup two years ago.
By Kim Slowey • May 8, 2017 -
CalAtlantic expands into UT with new division
The news from the country's No. 5 builder by closings follows its other recent announcements of big moves in Charlotte, NC, and Minneapolis.
By Katy Tomasulo • May 8, 2017 -
Developers secure anchor tenant for 51-story Chicago office tower
The announcement that Bank of America will anchor the 1.4-million-square-foot building allows the project to move closer to construction.
By Kim Slowey • May 8, 2017 -
University of Pennsylvania unveils plan for $1.5B hospital complex
The design and construction team — including Balfour Beatty, LF Driscoll, HDR, Foster + Partners and BR+A — expects to finish the project by 2021.
By Kim Slowey • May 5, 2017 -
LinkedIn reveals details for 1M-square-foot HQ in Mountain View, CA
The networking giant will provide approximately $15 million for affordable housing and $9 million in other city benefits in exchange for approval to build out the site.
By Kim Slowey • May 5, 2017 -
TX awards $625M Dallas highway contract to Balfour Beatty–Fluor JV
The project is part of the TxDOT's Clear Lanes initiative, which targets the most congested roadways in Texas.
By Kim Slowey • May 5, 2017 -
First-time buyers, millennials drive home-improvement spending
More than half of homeowners surveyed by Houzz said they plan to complete or start a renovation or repair project in 2017.
By Mary Tyler March • May 4, 2017 -
Marriott to expand use of modular construction in hotel projects
The company expects to sign 50 hotel agreements this year that include prefabricated components.
By Kim Slowey • May 4, 2017