Corporate News: Page 64
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Skanska inks $94M contract for TX entertainment center P3 project
Developer ARK said the project was broken up into horizontal and vertical phases, and Balfour Beatty finished its part before Skanska took over the vertical construction.
By Kim Slowey • Feb. 3, 2016 -
Detroit Red Wings arena, surrounding development costs swell to $1.2B
Executives cited "overwhelming demand" for housing, office and retail space, plus improvements to the arena, as the reasons for the more than $500 million investment increase in the 50-city-block area.
By Kim Slowey • Feb. 2, 2016 -
The image by Dcavalli is licensed under CC BY-SA 3.0
Under Armour unveils plans for 50-acre South Baltimore campus project
The new campus is part of a 266-acre, multibillion dollar project planned by Sagamore Development, owned by Under Armour CEO Kevin Plank.
By Kim Slowey • Jan. 29, 2016 -
Tutor Perini wins 2 NYC East Side Access contracts totaling $742M
The massive tunnel under Grand Central Terminal will cost an estimated $1 million per foot, one of the most expensive transit projects in U.S. history.
By Kim Slowey • Jan. 29, 2016 -
A 'game-changer' for San Jose: Apple scores approval to build 86-acre CA campus
City officials said they expect $15 million a year in annual tax revenue from the company's 4.15 million square feet of industrial, office and R&D space.
By Kim Slowey • Jan. 28, 2016 -
Tutor Perini blames 'major loss' from NYC Hudson Yards tower for lower 2015 revenue
The company also cited a negative outcome on a court decision and problems with the stalled Alaskan Way Viaduct as other contributing factors.
By Kim Slowey • Jan. 27, 2016 -
Deep Dive
Integrated project delivery: A 'new way of thinking' with potential to revamp the construction industry?
Watch out design-bid-build and design-build, there's a new kid on the block.
By Emily Peiffer • Jan. 27, 2016 -
AECOM selected to build SpaceX Hyperloop test track
The winner of a Hyperloop pod design contest held later this month will have the chance to build and test the winning design on the new track this summer.
By Kim Slowey • Jan. 27, 2016 -
KB Home CEO: Land, not labor, biggest challenge for builders
Jeffrey Mezger told CBS that the homebuilder's fourth-quarter traffic was the highest it’s been since 2007 and that millennials are finally starting to buy homes.
By Kim Slowey • Jan. 26, 2016 -
CA county CEO: Delivery method for troubled Turner project 'failed us'
Jeff Smith said the design-bid-build contract between the county and the contractor was not the right type for such a "complex" project with incomplete designs.
By Kim Slowey • Jan. 26, 2016 -
Turner, CA county aim to end 'toxic nature of the relationship' as contractor returns to hospital project
The construction company will get a change order for $85 million, plus $28.5 million in previously locked funds, as part of the deal to restart work on the troubled Valley Medical Center project.
By Kim Slowey • Jan. 25, 2016 -
Microsoft plans campus face-lift with new 4-acre green roof, office space expansion
The company said that once the project is approved by the city, work will begin in early 2017 and take three years to complete, with Skanska as the general contractor.
By Kim Slowey • Jan. 25, 2016 -
Deep Dive
From wall climbing to coffee art: The 6 coolest exhibits you missed at IBS 2016
Whoever said beer and building products aren't related?
By Emily Peiffer • Jan. 22, 2016 -
Burger King staying in Miami, building new HQ
Burger King's parent company is in Toronto, but the fast food giant will stay in Miami, where it has managed franchise operations since 1959.
By Kim Slowey • Jan. 22, 2016 -
$4B Las Vegas resort and casino approved for construction
Developer Genting Berhad says its $4 billion China-themed resort and casino will bring 30,000 construction jobs and 13,000 permanent jobs to Las Vegas.
By Kim Slowey • Jan. 21, 2016 -
Startup BioMason creates coral-like bricks from sand and bacteria
BioMason says the "biological cement" formed after injecting sand with microorganisms makes the resulting material strong enough to use in houses, commercial buildings and other structures.
By Kim Slowey • Jan. 20, 2016 -
Skanska USA CEO named chair of NYC Building Congress
Richard Cavallaro, who started his career as an airport engineer , joined Skanska USA in 1996 as a senior estimator and is now president and CEO.
By Kim Slowey • Jan. 20, 2016 -
Clark Construction Group sold to management team
Clark's new ownership consists of managers who have been employed with the company for more than 30 years.
By Kim Slowey • Jan. 15, 2016 -
Google invests $42M in Boulder, CO, affordable housing
The tech giant's investment will help revamp more than 200 affordable housing units in Boulder, where it is building a 330,000-square-foot facility.
By Kim Slowey • Jan. 15, 2016 -
UPDATE: Ousted Turner returning to troubled CA hospital project with reported $85M contract
The deal would bring the construction company's total contract for the project to $466 million and include a 14-month schedule for completion, sources told the Silicon Valley Business Journal.
By Emily Peiffer , Kim Slowey • Jan. 15, 2016 -
Skanska-Trident files multimillion-dollar lawsuit against architects of SC Gaillard Center for negligence
The general contractor claims that incomplete documents from the three firms led to delays and cost overruns on the renovation and expansion project.
By Kim Slowey • Jan. 15, 2016 -
Miami runs out of money for $300M museum project, can't pay Skanska for work
Skanska took the project over in 2014 from Suffolk Construction, who museum officials said they fired after delays and quality concerns costing an additional $25 million.
By Kim Slowey • Jan. 14, 2016 -
Deep Dive
A star(tup) is born: Why construction startups are capturing major industry, investor interest
"It's always exciting to get potentially involved with an industry that is about to undergo significant efficiencies from technology," a startup CEO told Construction Dive.
By Kim Slowey • Jan. 14, 2016 -
NV awards Ames $76M contract to extend highway to Tesla gigafactory
NDOT Commissioner Len Savage called the project a "lifeline to the new Nevada."
By Kim Slowey • Jan. 13, 2016 -
Fluor JV to build $1B Mexican refinery
Mexico is in the midst of the modernization and expansion of its refineries, as the Tamaulipas project is part of the country’s initiative to make refineries more environmentally friendly.
By Kim Slowey • Jan. 12, 2016