Corporate News: Page 59
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Deep Dive
4 homebuilders climb in Fortune 500 rankings
All signs are strong for the residential construction industry. We delve into the 2015 successes of the four companies that made the list.
By Emily Peiffer • June 9, 2016 -
Deep Dive
Fortune 500 features 7 construction companies — with 5 surging in the rankings
We delve into each major contractor's financial information from 2015 to find out why some experienced more successful years.
By Emily Peiffer • June 8, 2016 -
Bechtel signs 5-year extension for world's largest industrial development project
The contracting giant's work on the Saudi Arabian Jubail development will primarily focus on educational and residential facilities.
By Kim Slowey • June 7, 2016 -
Gilbane's hiring practices trigger major backlash from NYC trade unions
The contractor has stepped on union toes by hiring a mix of union and nonunion workers on big projects in the city.
By Kim Slowey • June 7, 2016 -
Mortenson-built Vikings stadium snags certificate of occupancy 6 weeks early
The contractor said it will have the $1.1 billion U.S. Bank Stadium complete with plenty of time before the Vikings' first game at the end of August.
By Kim Slowey • June 6, 2016 -
NV construction groups call on Tesla to reexamine gigafactory hiring practices
Union reps said Tesla is allowing a significant number of out-of-state workers onto the project — contradicting its agreement with the state.
By Kim Slowey • June 3, 2016 -
Gensler, Trimble partner on mixed reality technology initiative
The emerging tech allows architects and contractors to remotely interact with 3-D models of a project and inspect details.
By Kim Slowey • June 3, 2016 -
Skanska-led team finalizes $4B LaGuardia P3 contract — marking firm's 'largest project ever'
LaGuardia Gateway Partners will begin construction immediately on the terminal project, which it expects to have substantially completed by 2022.
By Kim Slowey • June 2, 2016 -
35-year-old Brendan Bechtel to take over CEO role in September
The current company president and COO represents the fifth generation of Bechtels to lead the nation's largest construction firm.
By Kim Slowey • June 2, 2016 -
Balfour Beatty lands contract for 39-story Related Group Atlanta high-rise
The tower will be the tallest residential structure built in Atlanta since 2009 and will include 6,500 square feet of retail space.
By Kim Slowey • June 1, 2016 -
First tower in mammoth $25B NYC Hudson Yards development open to tenants
Hudson Yards is expected to generate $18.9 billion for the city by the time the entire project is complete.
By Kim Slowey • June 1, 2016 -
Tesla gigafactory's grand opening set for July
However, the $5 billion, 5.8 million-square-foot facility likely won't be 100% complete by the time of the celebration, according to Fortune.
By Kim Slowey • May 31, 2016 -
Mortenson planning to expand MN headquarters after 'outgrowing' current space
The company is considered a leader in sports venue construction and ranked 18th on the ENR Top 400 Contractors list earlier this month.
By Kim Slowey • May 31, 2016 -
Minneapolis startup plans to fill abandoned lots with modular homes
City officials are praising Smart Homes' efforts to build prefab homes on approximately 350 lots left vacant due to the housing crash.
By Kim Slowey • May 31, 2016 -
Equipment marketplace startup EquipmentShare snags $5.5M investment
The company has been called the "Airbnb for construction" due to its peer-to-peer rental model.
By Kim Slowey • May 26, 2016 -
NY officials approve $485M in SolarCity project funding — with new conditions
Despite an ongoing federal investigation into New York projects, a state board voted to ensure construction on the SolarCity plant could be completed.
By Kim Slowey • May 26, 2016 -
Milwaukee Bucks clear final approval hurdle for $524M arena
Team officials said Mortenson plans to break ground on the arena complex in June, with construction expected to finish in time for the 2018-2019 NBA season.
By Kim Slowey • May 25, 2016 -
Gilbane, PDR score spots on Fortune list of 50 best workplaces for new grads
The construction and architecture companies focus on providing a work-life balance for their employees.
By Kim Slowey • May 25, 2016 -
NY approves $27B MTA improvement plan; Skanska-Posillico awarded $60M track-building contract
Gov. Andrew Cuomo's five-year transit plan is the largest MTA infrastructure investment in the state's history and will utilize the design-build method.
By Kim Slowey • May 25, 2016 -
KBR snaps up government contractor Wyle in $570M deal
The acquisition fits in with KBR's goal of reducing its number of divisions but growing its hydrocarbons and international government service businesses.
By Kim Slowey • May 24, 2016 -
D.R. Horton ordered to pay $9.6M in FL construction defects case
The nation's largest homebuilder denied allegations that its Jacksonville development is overrun with defects and blamed the condo association's maintenance.
By Kim Slowey • May 23, 2016 -
Texas Rangers reveal plans to build $1B air-conditioned stadium
If approved by voters, the new MLB venue will be built on parking lots next to the separate Texas Live! mixed-use development in the works.
By Kim Slowey • May 23, 2016 -
NY officials settle dispute with bankrupt One World Trade Center contractor for $12.3M
The payment to Collavino Construction Co. should make it possible for the concrete contractor to pay 95% of what it still owes subs and vendors.
By Kim Slowey • May 23, 2016 -
Worker sues Tesla, contractors for alleged pay discrepancy at CA plant expansion
Slovenian workers at a Tesla paint factory expansion project claimed that aside from low wages, their visas didn't allow the type of construction work they were doing.
By Kim Slowey • May 23, 2016 -
ENR unveils Top 400 Contractors list
Bechtel topped the annual list of the nation's top construction firms for the 18th consecutive year.
By Kim Slowey • May 20, 2016