Corporate News: Page 65
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Apple's 86-acre San Jose, CA, campus plan scores city planner support
The tech giant said it plans to build additional R&D facilities and office space at the site, but the "spaceship" campus currently under construction in Cupertino, CA, will still house its headquarters.
By Kim Slowey • Jan. 11, 2016 -
UPDATE: Warriors' $1B arena opening date pushed back 1 year as team fights lawsuit
The new 18,064-seat, Clark/Mortenson-built venue is now expected to be ready for the 2019 NBA season.
By Emily Peiffer , Kim Slowey • Jan. 11, 2016 -
Skanska to continue Rockaway, NY, boardwalk reconstruction with $64M contract
The boardwalk was destroyed by Superstorm Sandy in 2012, and the new structure is designed to withstand storms.
By Kim Slowey • Jan. 8, 2016 -
Ferrovial named 'apparent' winner of $348M contract for 22-mile segment of CA light rail
The project has been the source of controversy over costs for months, and some lawmakers have called for an investigation into whether rail authority officials were upfront about the project’s true price tag.
By Kim Slowey • Jan. 7, 2016 -
Deep Dive
Managing megaprojects: How joint ventures help companies share the risk and reward
Experts agree that as long as construction costs continue to rise, the trend toward more JV contracts will also grow.
By Kim Slowey • Jan. 7, 2016 -
71% of construction firms to boost headcount in 2016 — but labor shortage could 'undermine' recovery
A survey released by the Associated General Contractors of America found firms are slightly less optimistic than they were at the start of 2015 due largely to workforce concerns, increased competition and government regulations.
By Emily Peiffer • Jan. 6, 2016 -
Skanska awarded $72M DC school modernization contract
The Lafayette project is part of a $3.2 billion, 10-year District of Columbia Public School Modernization Program and includes green features.
By Kim Slowey • Jan. 6, 2016 -
Deep Dive
6 New Year's resolutions for construction managers
Let 2016 be the year for safety, green product utilization and exploration of new opportunities in technology and market choices.
By Kim Slowey • Jan. 5, 2016 -
Turner-Perryman team wins Subaru HQ contract in Camden, NJ
The new headquarters is part of a $1 billion development aimed at revitalizing the poverty-stricken area.
By Kim Slowey • Jan. 5, 2016 -
Startup Procore's valuation rises to $500M, approaching public rival Textura
Procore expects to generate more than $75 million in upfront, 12-month license payments in 2016 — more than double the rate in 2015.
By Kim Slowey • Jan. 5, 2016 -
New startup Primal Sensors developing jobsite equipment tracking technology
The company is raising a $500,000 investment round this year and plans to deploy and test its equipment tracking system in real-world situations.
By Kim Slowey • Jan. 4, 2016 -
Fluor-led consortium wins $1.9B AZ highway P3 contract
"Following a public-private partnership path for the first time was an appropriate tool for the South Mountain Freeway," ADOT Director John Halikowski said of the agreement.
By Kim Slowey • Dec. 30, 2015 -
Deep Dive
7 most-read features of 2015 — and what they mean for the construction industry
We take a step back and look at the most popular stories last year among our readers.
By Emily Peiffer • Dec. 29, 2015 -
Mortenson, Welbro JV scores $530M hotel contract
Developers of the Gaylord Rockies have drawn fire from other local hotels for successfully securing $81 million in state sales tax rebates, a move critics say creates an unfair advantage for the Gaylord.
By Kim Slowey • Dec. 23, 2015 -
Tutor Perini scores civil construction contracts totaling $102M
The contracting behemoth is also a joint venture partner in the $1.35 billion tunnel replacement project for Seattle's Alaskan Way Viaduct, which has been at a standstill for two years after the tunnel-boring machine broke down.
By Kim Slowey • Dec. 22, 2015 -
CH2M found in default of $136M TX highway contract after project delays
In previous letters to officials, the construction giant blamed the slow progress on labor shortages, red tape, limestone boring problems and other issues.
By Kim Slowey • Dec. 18, 2015 -
Housing giant PulteGroup acquires Wieland Homes in $430M deal
The move by PulteGroup — the third-largest homebuilder in the U.S. — is another indication of the general trend toward consolidation in the homebuilding industry.
By Kim Slowey • Dec. 18, 2015 -
Forbes: Caterpillar-backed Uptake is hottest startup of 2015
The predictive data analytics company, which aims to determine when an equipment malfunction is going to occur before it happens, was valued at $1.1 billion in October.
By Kim Slowey • Dec. 18, 2015 -
ENR survey: Construction companies to offer more raises in 2016
Respondents indicated that specialty trade contractor employees can expect the highest average pay hike, at 4.25%.
By Kim Slowey • Dec. 17, 2015 -
$5B Switch data center set for construction after MI legislators approve tax breaks
In order to qualify for continued tax breaks, Switch and other state data center companies must create 400 jobs by 2022 and 1,000 jobs by 2026.
By Kim Slowey • Dec. 17, 2015 -
Report: Steep housing prices behind Toyota's move from CA to TX
After hearing complaints from employees, the car company found that housing costs in Torrance, CA, are three times more expensive per square foot than in the Dallas-Fort Worth metro area, according to an insider.
By Kim Slowey • Dec. 16, 2015 -
Rangers, TX city discuss P3 for $200M mixed-use project
Arlington, TX, officials are rumored to be pushing for the deal to avert a move by the club in 2024, when its lease expires.
By Kim Slowey • Dec. 15, 2015 -
Hudson Yards developers snag $5B in financing for $20B mixed-use project
The funding package marks one of the largest capital raises for a real estate project in the U.S. since the 2008 downturn.
By Kim Slowey • Dec. 14, 2015 -
Construction giant Tishman to pay $20M fine for overbilling scheme
The One World Trade Center builder admitted to intentionally overbilling clients and padding time sheets from 1999 to 2009.
By Kim Slowey • Dec. 14, 2015 -
Kiewit wins $13M Chicago transit contract
It's been a mixed week for the company, as it goes from a terminated contract for the Boston Green Line project to a new Green Line job in Chicago.
By Kim Slowey • Dec. 11, 2015