Corporate News: Page 57
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Deep Dive
Filling the void: How construction executives can embrace diversity in an evolving workforce
Experts say targeting the next generation may be the key to business success or failure.
By Shalina Chatlani • Aug. 2, 2016 -
GE unveils plans for $100M Gensler-designed Boston headquarters
The project includes the overhaul of two historic buildings and the construction of a 12-story building, which will serve as General Electric's global headquarters.
By Emily Peiffer • Aug. 2, 2016 -
Hudson Yards developers snag $1.2B loan to build mixed-use tower
The 1.1-million-square-foot skyscraper will be the tallest residential building in the massive New York development.
By Emily Peiffer • Aug. 1, 2016 -
VA bridge commission awards Dragados USA $756M tunnel contract
The five-year undertaking marks the first tunnel boring machine project for the area.
By Kim Slowey • July 29, 2016 -
Caterpillar warns of ongoing profit slide, additional job cuts amid weak global equipment demand
The construction equipment giant said low oil and mined commodity prices as well as instability caused by international events are constraining growth.
By Kim Slowey • July 28, 2016 -
Facebook aims to ease Menlo Park expansion worries with construction of 1,500 apartments
The tech giant's move to help address the housing shortage in Silicon Valley could become a trend among other companies growing their operations in the area.
By Kim Slowey • July 27, 2016 -
Bechtel among international engineering firms competing to oversee Saudi Arabia projects
The winning bidder will run the country's National Project Management Office, which seeks to cut construction costs during the current economic downturn.
By Kim Slowey • July 27, 2016 -
Tesla accelerates construction on $5B gigafactory to meet Model 3 demand
The company has boosted its construction workforce to 1,000, with double shifts running seven days a week.
By Kim Slowey • July 26, 2016 -
Mortenson Construction enters into PLA for $524M Milwaukee Bucks arena project
The agreement establishes a prevailing wage guarantee, dispute resolution process and veteran employment program.
By Kim Slowey • July 26, 2016 -
Turner Construction wins $150M DC United stadium contract
The soccer team said the project should bring 1,000 new construction and permanent jobs to the area.
By Kim Slowey • July 25, 2016 -
Deep Dive
ICYMI: How construction and military veterans can help each other
On Veterans Day, we take a look at how a career in the building industry can help those coming off active duty ease back into civilian life.
By Kim Slowey • July 20, 2016 -
Startup zlien nabs $5M investment for 'fair construction payment ecosystem'
Altos Ventures led this latest $5 million funding round for the cloud-based mechanics lien rights startup.
By Kim Slowey • July 18, 2016 -
Los Angeles Rams select Turner/Hunt JV to build $2.5B stadium
The NFL team expects construction on the stadium, which will represent the most expensive sports venue in the world, to be complete in 2019.
By Emily Peiffer • July 15, 2016 -
20 biggest NYC construction companies saw major boost in 2015 revenue
Gilbane increased its revenue the most of any New York contractor last year, raking in 171% more than it did in 2014.
By Kim Slowey • July 15, 2016 -
Hunt JV suing insurance company for $1.3M revenue loss on Las Vegas arena
Hunt Construction and Penta Building Group claim they never saw the insurance savings promised by broker Aon Risk Services South.
By Kim Slowey • July 14, 2016 -
Chicago officials award Arup $6M contract to develop designs for Union Station overhaul
Mayor Rahm Emanuel said he will seek federal assistance to help fund the project, which will likely cost hundreds of millions of dollars.
By Kim Slowey • July 13, 2016 -
Brookfield announces record-setting $14B infrastructure fund
The Canadian asset management firm said interest in private infrastructure investment has surged as government funding has fallen short.
By Kim Slowey • July 13, 2016 -
Google, LinkedIn strike massive Silicon Valley land swap deal
The swap, which involves 1 million square feet of existing buildings and 2.4 million square feet of development land, follows a real estate battle between the tech giants.
By Kim Slowey • July 13, 2016 -
Skanska USA wins $398M Pensacola Bay Bridge contract
The company's proposed price, which beat the next-lowest bid by $69 million, pushed it to the top of the Florida Department of Transportation contractor rankings.
By Kim Slowey • July 12, 2016 -
Tishman Speyer, Qatari Diar partner on $700M Long Island City mixed-use development
Shared office space company WeWork will anchor the 1.1-million-square-foot, two-tower office complex, which developers expect to complete in 2019.
By Kim Slowey • July 12, 2016 -
Dallas/Fort Worth airport awards AECOM $100M improvement contract
The construction giant has served as a consultant to DFW for the last 30 years and is in progress with $2.7 billion in renovations to two airport terminals.
By Kim Slowey • July 12, 2016 -
Related Group wins $307M FL affordable housing redevelopment project
Miami-Dade officials said the project will create 6,100 construction jobs, with 30% going to Liberty Square or public housing residents.
By Kim Slowey • July 11, 2016 -
USGBC CEO Rick Fedrizzi pivots to leadership role at WELL Building group
Fedrizzi, who will serve as International WELL Building Institute CEO and chairman, was a co-founder of the U.S. Green Building Council.
By Kim Slowey • July 7, 2016 -
CDC: Construction has second-highest suicide rate across all industries
The unstable nature of construction work and the "tough guy culture" could be factors in the high risk of suicide in the industry.
By Kim Slowey • July 7, 2016 -
Denver airport taps Ferrovial to develop terminal project P3
Ferrovial operates several U.K. airports and beat out Westfield Corp., Manchester Airport Group and Plenary Group for the chance to negotiate a P3 for the project.
By Kim Slowey • July 6, 2016