Corporate News: Page 41
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2 new residential high-rises proposed for '$5B mile' in Frisco, TX
Developers of the Star in Frisco have proposed a 17-story apartment building, and Frisco Station officials want to build a 24-story residential tower.
By Kim Slowey • April 26, 2017 -
Pulte exceeds Q1 2017 profit projections, falls short on revenue
Home orders at the nation's third-largest builder rose 8.4% during the period, while it noted that concerns over rising interest rates haven't tempered demand so far.
By Katy Tomasulo • April 26, 2017 -
Completion of American Dream Miami megamall could be pushed to 2022
Officials are holding the project while work is underway on infrastructure improvements surrounding the development.
By Kim Slowey • April 25, 2017 -
Gilbane starts construction on Wayne State University housing — part of $1.4B P3
Developer Corvias will manage the new 395,000-square-foot student housing complex in Detroit, which is expected to fully open in 2019.
By Kim Slowey • April 25, 2017 -
CalAtlantic opens 6 communities in one busy weekend
Most are priced from the $200,000s to the $400,000s and are located in active suburbs of Atlanta, Minneapolis, Chicago, Austin, TX, and Houston.
By Katy Tomasulo • April 25, 2017 -
Deep Dive
The 50 States of Construction: How MD companies thrive on local expertise
Bozzuto Construction President Mike Schlegel discusses opportunities in urban areas, strength in the multifamily sector and concerns over a limited talent pool.
By Emily Peiffer • April 24, 2017 -
CA revokes license of contractor in Berkeley balcony collapse
The decision is part of a settlement with state officials regarding allegedly shoddy work that led to the 2015 incident, which killed six and injured seven.
By Kim Slowey • April 24, 2017 -
Centene breaks ground on $770M MO mixed-use campus expansion
When the two phases of the HOK-designed project in Clayton, MO, are complete, it will feature office, retail, hotel and residential space.
By Kim Slowey • April 24, 2017 -
KB Home racks up Energy Star, LEED Platinum projects in 2016
The company's annual corporate sustainability report estimates it prevented greenhouse gas emissions equal to that of 335,000 vehicles last year.
By Mary Tyler March • April 24, 2017 -
WeWork wading into private office design, construction arena
The shared workspace provider aims to tap into the larger commercial real estate market with its new enterprise division for companies that want entire buildings.
By Kim Slowey • April 21, 2017 -
Trinity Health picks contractor to replace Mortenson on $275M ND hospital complex
The healthcare company said it terminated its contract with Mortenson after the construction firm's estimated costs exceeded the projected budget.
By Kim Slowey • April 21, 2017 -
Caterpillar selects Chicago suburb of Deerfield, IL for new global HQ
The move aims to give the equipment giant better access to global clients and to the Chicago talent pool.
By Kim Slowey • April 21, 2017 -
D.R. Horton raises revenue, home sales forecasts after strong Q2
The national builder is targeting double-digit annual growth in revenues and pre-tax profits while maintaining positive operating cash flows and returns.
By Katy Tomasulo • April 21, 2017 -
Tri Pointe makes big moves at 6 Southern CA communities
The plan covers nearly 8,000 homes, most of which have yet to be built, at a time when the state's housing inventory is in short supply.
By Katy Tomasulo • April 21, 2017 -
Developer proposes $225M riverfront mixed-use project in St. Paul, MN
Cardon Development Group is still in talks with local officials for the 4.77-acre parcel but said construction could begin as early as next year.
By Kim Slowey • April 20, 2017 -
MA Port Authority selects Omni to build $550M hotel in Boston
The hotel, which will be the fourth-largest in the city, will feature two 21-story towers totaling 800,000 square feet and approximately 1,054 rooms.
By Kim Slowey • April 20, 2017 -
Deep Dive
How pull planning can streamline project schedules, encourage collaboration
The method, associated with lean principles, involves all project stakeholders getting together to reverse engineer the schedule and establish clear milestones.
By Kim Slowey • April 20, 2017 -
Bechtel opens welding tech innovation, training center
The Houston facility offers virtual training and augmented reality simulations to give workers practical experience in a controlled environment.
By Emily Peiffer • April 19, 2017 -
Construction tech, offsite startup Katerra raises $130M
The company's $1 billion valuation highlights growing investor interest in platforms that aim to transform the building industry.
By Emily Peiffer • April 19, 2017 -
FL transit agency selects design–build team for $235M parkway
Superior Construction is the lead contractor for the project and will start work on the 6-mile, elevated toll road later this year.
By Kim Slowey • April 19, 2017 -
2017 on pace to be fastest-selling year on record
The average home in March went under contract in 49 days, compared to 60 days the year before, according to Redfin.
By Mary Tyler March • April 19, 2017 -
UPDATE: CA awards Kiewit $275M contract to repair Oroville Dam
Work on the two spillways is expected to start in late May and last through 2018.
By Emily Peiffer , Kim Slowey • April 18, 2017 -
NJ officials approve plan for $1B Virtua hospital
The healthcare company must still meet several conditions, including an environmental review, before it can move forward with construction.
By Kim Slowey • April 18, 2017 -
Pre-crash MD land deal does Lennar in for $114M
The Miami-based builder lowered and restated its first-quarter 2017 earnings, applying $140 million toward the litigation.
By Katy Tomasulo • April 18, 2017 -
Active-adult 'pocket neighborhood' opens near Raleigh, NC
Developer TIMU Group uses clustering to foster community engagement to levels that might not be as accessible in neighborhoods with street-facing homes.
By Mary Tyler March • April 18, 2017