Corporate News: Page 4


  • Aerial view of a theme park rendering, featuring brightly colored water features, rides and buildings.
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    Courtesy of Universal Destinations & Experiences
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    Project Milestones

    Construction starts on $550M theme park in Frisco, Texas

    Balfour Beatty broke ground last month on Universal Kids Resort, which includes a 300-room hotel, rides and shops.

    By Dec. 8, 2023
  • An aggregate facility stands in the foreground of dramatic mountains in Alaska.
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    Courtesy of Granite Construction
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    Granite buys 2 Memphis asphalt firms for $278M

    The move makes good on the California road builder’s promise to expand its aggregates and materials business in new markets. 

    By Dec. 7, 2023
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    sandsun via Getty Images
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • The rendering of a new, glassy, modern building on a beautiful day. The building is large and modern-looking, with plenty of glass.
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    Courtesy of HITT Contracting
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    HITT unveils plans for high-tech HQ

    Space on the first floor of the company’s six-story, 270,000-square-foot headquarters in Falls Church, Virginia, will house Virginia Tech’s Coalition for Smart Construction.

    By Dec. 6, 2023
  • Providence is the capital and most populous city in Rhode Island. Downtown Providence has numerous 19th-century mercantile buildings in the Federal and Victorian architectural styles.
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    Denis Tangney Jr./iStock via Getty Images
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    Executive Moves

    Gilbane promotes Heidi DeBenedetti to COO

    During her nine-year tenure with the firm, DeBenedetti has led 650 employees and overseen annual revenue over $1.5 billion.

    By Dec. 5, 2023
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    Streeter Lecka via Getty Images
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    Executive Moves

    Swinerton taps new Carolinas lead

    Following increased investment in the Atlanta market, the appointment demonstrates how bullish the contractor is on the region’s potential.

    By Dec. 1, 2023
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    Permission granted by Dbox/Foster + Partners © 2023 Mayo Foundation for Medical Education and Research (MFMER). All rights reserved.
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    Project Wins

    Gilbane nabs $5B Mayo Clinic expansion in Minnesota

    The medical complex in Rochester will feature buildings with rooms and floors that can convert to different functions, removing a typical limitation in healthcare construction.

    By Nov. 30, 2023
  • An aerial photograph shows the sprawling convention center building in downtown Austin, Texas.
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    Courtesy of Turner Construction
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    November 2023 wins: Contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders.

    By Construction Dive Staff • Nov. 29, 2023
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    lucadp via Getty Images
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    Profits fall for many public firms, partly due to inflation

    Amid soaring costs, several construction industry giants reported lower gains in recent earnings reports.

    By Construction Dive Staff • Nov. 28, 2023
  • Engineer and Architect analyzing of under construction project with technology and new innovative on digital tablet and icon network of construction on virtual interface.
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    istockphoto.com/ipopba

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    Sponsored by Procore Technologies

    Planning for the year ahead: A look at how we build now

    Get insights from more than 1,000 construction professionals to help paint a better picture into how leaders are thinking about the economy, its impact on construction and planning for 2024.

    Nov. 27, 2023
  • Image of the Connecticut Water Treatment Plant Contract
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    Courtesy of Jacobs Solutions
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    Jacobs profits drop amid higher backlog, strategy shift

    The firm will combine its government services business with Amentum, a global engineering and technology solutions provider.

    By Nov. 21, 2023
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    gradyreese via Getty Images
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    Opinion // Business Matters

    3 steps to a profitable exit strategy

    To make the most money when it’s time to sell, owners need to focus on building value in their firms, writes construction consultant Matt Verderamo.

    By Matt Verderamo • Nov. 21, 2023
  • A photo shows the Los Angeles headquarters of heavy civil construction contractor Tutor Perini.
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    JHVEPhoto/iStock Editorial/Getty Images Plus via Getty Images
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    Executive Moves

    Ron Tutor to step down as Tutor Perini CEO in 2025

    Gary Smalley, the firm’s CFO since 2015, will succeed Tutor as chief executive officer. 

    By Nov. 17, 2023
  • A man in a suit and an orange safety vest uses a tablet on a construction site. The user is in the foreground and clear, the background is blurred.
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    AzmanL via Getty Images
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    Contech surpasses $30B in total venture funding

    More construction technology providers will reach unicorn status even as venture capital slows in other sectors, according to an investment firm focused on the industry.

    By Nov. 15, 2023
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    lucky-photographer via Getty Images
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    AECOM’s profits plunge on higher revenue, backlog

    CEO Troy Rudd said the strong U.S. dollar, which erodes the value of international contracts paid with foreign currency, impacted results.

    By Nov. 15, 2023
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    Permission granted by MGAC
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    Q&A

    ‘Each day comes with surprises,’ project manager says

    MGAC’s Kristina Leighty sees her role as the glue that holds a job together.

    By Nov. 15, 2023
  • Silver buildling against a bright blue sky shows WSP logo.
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    Retrieved from Raysonho.
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    Executive Moves

    WSP’s US CEO to retire

    The Montreal-based firm has initiated a search to replace Lou Cornell, a construction industry veteran who has also worked at Jacobs and AECOM.

    By Nov. 14, 2023
  • A tall, guitar shaped, window-covered building looms in the background on a very sunny day.
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    Permission granted by Miami in Focus
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    Executive Moves

    Suffolk taps Tutor Perini veteran for gaming exec role

    Prior to his arrival, Chris Creasey worked on gaming projects in Las Vegas, Florida and California.

    By Nov. 13, 2023
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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    Tutor Perini’s loss widens on continued legal disputes

    The Los Angeles-based heavy civil contractor said it is working to resolve most of its outstanding litigation by the end of 2024.

    By Nov. 13, 2023
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    art2002 via Getty Images
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    WSP’s profit, revenue, backlog up in Q3

    The Montreal-based firm sees a positive outlook for its green transition work and reaffirmed the guidance that it raised last quarter.

    By Nov. 9, 2023
  • A signage of Microsoft is seen on March 13, 2020 in New York City.
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    Jeenah Moon via Getty Images
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    Microsoft-backed study shows AI investments producing returns

    For every $1 companies invest in AI, they are realizing an average of $3.50 in return, the report says.

    By Alexei Alexis • Nov. 8, 2023
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    ljubaphoto/E+ via Getty Images
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    Opinion // Business Matters

    8 ways to build your brand

    Contractors often downplay marketing efforts and instead rely on word-of-mouth connections, but a few simple steps can help find new clients, says a construction branding expert.

    By Chemene Phillips • Nov. 7, 2023
  • Headshots of Stephen Sandherr and Jeffrey Shoaf
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    Permission granted by Associated General Contractors of America
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    Sandherr to retire after 27 years as AGC head

    CEO Stephen Sandherr will leave the Washington, D.C.-based association in March, when current COO Jeffrey Shoaf will replace him.

    By Nov. 6, 2023
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    Retrieved from Lendlease on August 15, 2023
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    Google still reviewing options for Bay Area project

    After Lendlease said agreements to build four developments worth $15 billion were no longer mutually beneficial, the tech giant said it continues investigating ways to move forward.

    By Updated Nov. 8, 2023
  • Aerial view of Bayer's pharmaceutical plant in Berkeley, California
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    Courtesy of Bayer
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    Fluor earnings rise as legacy projects wind down

    Strength in its energy and urban solutions segments built on the positive momentum from the previous quarter.

    By Nov. 3, 2023
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    ventdusud via Getty Images
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    Granite posts lower profits on increased revenue, record backlog

    The California-based contractor continues to work through its old, less profitable jobs, but is booking new ones at a faster rate than last year.

    By Nov. 1, 2023