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

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

Skanska USA wins $153M contract to build Nashville Marriott hotel

Work is already underway on the 33-story, 533-room luxury hotel, and the company expects construction to be complete by June 2018.

By Kim Slowey • July 6, 2016

Seattle-based smart home lighting startup Deako raises $3.5M

The company said its system is slated to be installed in 10% of new homes built in Seattle next year.

By Kim Slowey • July 5, 2016

Turner Construction breaks ground on $250M DC hotel

The Hilton-branded Conrad luxury hotel is part of the upscale, mixed-use CityCenterDC development.

By Kim Slowey • June 30, 2016

Tutor Perini scores $100M MD casino expansion contract

The contracting giant will build a 17-story luxury hotel and event center next to the existing Maryland Live! casino.

By Kim Slowey • June 29, 2016