Corporate News: Page 61
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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 -
Explore the Trendline➔
sandsun via Getty ImagesTrendlineTop 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
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 -
Bechtel ranks 7th on Fortune list of 25 most important private companies
The magazine said the construction giant has "arguably changed the face of the physical world more than any other company, anywhere."
By Kim Slowey • May 19, 2016 -
TN launches Go Build construction workforce development initiative
State officials joined industry groups in their efforts to change public misconceptions about careers in the trades and combat the worker shortage.
By Emily Peiffer • May 19, 2016 -
KB Home exiting DC market after struggle to 'gain enough traction'
The nation's sixth-largest homebuilding company said it will focus its efforts on real estate markets where it has a stronger presence.
By Kim Slowey • May 18, 2016 -
Facebook unveils Frank Gehry-designed Seattle office
The social media giant is growing its Seattle engineering operations to take advantage of the talent pool from the University of Washington and rival companies.
By Kim Slowey • May 17, 2016 -
Tishman Speyer planning glass 'kaleidoscope' office building in DC
The developer said it is confident that there will be a market for speculative "trophy" space when construction is complete.
By Kim Slowey • May 17, 2016 -
Turner-Kiewit, PCL have inside track for $1.8B Orlando airport expansion contracts
If selected, the two teams will serve as construction managers at risk for the "Landside Terminal" and "Airside Terminal" projects set for completion in 2018.
By Kim Slowey • May 17, 2016 -
Plenary Group team wins P3 contract for $587M Winnipeg transit project
The undertaking — marking the largest-ever capital project for the city — is the latest in a string of public-private partnerships in Canada.
By Kim Slowey • May 16, 2016 -
Magic Johnson pivots to infrastructure fund after $1B investment
The former NBA star launched JLC Loop Capital Partners after President Obama promised an influx in government infrastructure spending.
By Kim Slowey • May 16, 2016 -
Caterpillar eager to dig into Cuban market once Congress lifts embargo
The equipment manufacturer hopes the opportunity to expand into Cuba will help boost its earnings, which have been falling amid declining demand.
By Kim Slowey • May 13, 2016 -
CPG partners with 84 Lumber on tiny house product line
84 Lumber will incorporate CPG's AZEK siding and trim into the lumber company's "Tiny Living" line of small homes.
By Kim Slowey • May 13, 2016 -
Hyperloop One scores $80M investment, passes first propulsion test
Company officials said they changed the name to Hyperloop One to signal their intent to be the first to have a functioning Hyperloop system.
By Kim Slowey • May 12, 2016 -
Tesla gigafactory construction 14% complete as company accelerates battery production
350 Tesla employees are already working at the factory, which will span 5.8 million square feet when completed.
By Kim Slowey • May 10, 2016 -
Los Angeles approves construction of $250M Gensler-designed soccer stadium
The Los Angeles Football Club expects the project, under general contractor PCL, to create 1,200 construction jobs and 1,800 full-time jobs when complete.
By Kim Slowey • May 9, 2016 -
Report: FL officials at odds with Tutor Perini after 'very difficult' dispute process
The Broward County Board of County Commissioners must decide whether the contractor will be a part of the construction team on its new convention center hotel.
By Kim Slowey • May 9, 2016 -
CA mayor urges Apple to pay for burden on local infrastructure
Construction is still underway on Apple's new headquarters building, commonly referred to as the "Spaceship," in Cupertino.
By Kim Slowey • May 6, 2016