Corporate News: Page 65
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NY developer Glenwood to pay $1M in Fair Housing Act lawsuit settlement
Manhattan U.S. Attorney Preet Bharara said one of Glenwood's buildings in particular "was designed and constructed with scores of inaccessible features."
By Kim Slowey • Feb. 16, 2016 -
KB Home settles FL building defects claim for $23.5M
The homebuilding giant has now spent more than $71 million to fix water intrusion issues in 1,700 of its Florida homes.
By Kim Slowey • Feb. 16, 2016 -
Explore the Trendlineâž”
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 -
Stantec to purchase Chicago architectural firm VOA
The deal aligns with the recent trend of consolidation in the A/E/C industry.
By Kim Slowey • Feb. 16, 2016 -
Amateria1121 [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons
Developer proposes $1.5B Portland, OR, mixed-use project
The city has been growing in several construction sectors, from data center development to claiming one of the spots on Zillow's "hottest" housing markets of 2016 list.
By Kim Slowey • Feb. 10, 2016 -
Report: Switch selects Christman Co. as general contractor for $5B MI data center
While Switch executives anticipate moving into the 680,000-square-foot former Steelcase pyramid building later this year, they say construction on the entire data center project could take up to 10 years.
By Kim Slowey • Feb. 9, 2016 -
Illinois to build 1st P3 managed lane in state's history
Officials estimate the state will save $435 million by using a public-private partnership to add a a managed lane to I-55.
By Kim Slowey • Feb. 8, 2016 -
Skanska Q4 profit beats estimates; orders fall with client delays, company's 'more cautious' approach
The construction giant's CEO said Skanska saw higher-than-expected prices for commercial properties in booming U.S. markets, "which is one reason group profit overshoots guidance."
By Kim Slowey • Feb. 5, 2016 -
Mortenson: Nonresidential construction costs expected to rise 3%-4% in 2016
The company reported that construction employment has leveled off in several of their tracked markets, but nonresidential building activity is healthy.
By Kim Slowey • Feb. 5, 2016 -
Tesla CEO Musk: New version of Powerwall is coming in summer 2016
While Musk did not detail any changes to the home battery product, multiple outlets report that the new offering could use batteries produced in the company's Nevada Gigafactory.
By Gavin Bade • Feb. 3, 2016 -
Striving for an architecture 'revolution': Startup Architizer scores $7M investment
TechCrunch noted that the recent surge in construction startup activity and the investment in Architizer shows that "if you're building it, venture capital will come."
By Kim Slowey • Feb. 3, 2016 -
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