Corporate News: Page 69
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Turner Construction fires back against CA county lawsuit over controversial hospital project
Santa Clara County filed a lawsuit in September against the contracting giant for breach of contract and negligence regarding Turner's work on the delayed Valley Medical Center campus expansion project.
By Emily Peiffer • Nov. 9, 2015 -
KBR sells infrastructure division for $19M in restructuring effort
The company said it is selling off segments so that it can focus on its hydrocarbon and government businesses.
By Kim Slowey • Nov. 6, 2015 -
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 -
Report: Apple considering construction of massive new campus in San Jose, CA
The tech giant has been stirring speculation as to what exactly it plans on doing with 86 acres and up to 4.15 million square feet of industrial and office space.
By Kim Slowey • Nov. 5, 2015 -
Skanska scores $56M hotel contract in Portland, OR
The construction behemoth has suffered major setbacks in its U.S. construction operations this year, including a $78 million third-quarter loss.
By Kim Slowey • Nov. 5, 2015 -
Bid management startup BuildingConnected raises $8.5M, scores agreement with Turner Construction
The funding news is the latest in a string of construction startups snagging major investor interest.
By Emily Peiffer • Nov. 4, 2015 -
Tesla gigafactory construction, production ahead of schedule
The facility houses the manufacturing of battery packs for Tesla’s Powerwall, the energy-storage system that homebuilders are watching carefully as a potential upsell in new homes.
By Emily Peiffer • Nov. 4, 2015 -
Warren Buffett-owned Clayton Homes snaps up GA builder in $50M deal
Clayton's purchase of Chafin Homes continues the trend of consolidation in the homebuilding industry after the major Ryland-Standard Pacific merger earlier this year.
By Kim Slowey • Nov. 4, 2015 -
Deep Dive
Art Gensler: 10 tips for building a successful business
After celebrating the 50th anniversary of the largest architecture firm in the world, Gensler told attendees at Dodge's Executive Outlook Conference how he created a thriving work environment for his growing staff.
By Emily Peiffer • Nov. 4, 2015 -
Notorious D.I.G.: Rapping construction workers have 'Dozer Pride' in new Caterpillar video
How can you resist a song with lyrics like: "Look at me in my dozer, wanna be in my dozer, Care.. Free in my dozer!"
By Emily Peiffer • Nov. 3, 2015 -
AECOM exec: 3 emerging trends driving improved collaboration in age of the 'megaproject'
Dan McQuade described during the Dodge Executive Outlook Conference what he considers necessary steps as the industry grapples with larger and more complicated projects.
By Emily Peiffer • Nov. 3, 2015 -
Real estate tech world snags attention of investing giant Tishman
Startups have seen major investor interest recently in both the construction and real estate industries.
By Kim Slowey • Nov. 3, 2015 -
Kiewit-Turner awarded $571M contract to finish troubled VA hospital
"After years of delay, there is finally a resolution that will allow the VA medical center to be completed," U.S. Sen. Michael Bennet said.
By Kim Slowey • Nov. 2, 2015 -
M/I Homes pays cash for MN homebuilder
Hagen will be M/I Homes' 14th U.S. housing division.
By Kim Slowey • Oct. 30, 2015 -
Skanska Q3 net profit cut in half as U.S. construction division flounders
The Swedish contracting giant attributed its U.S. construction losses to project design changes and low productivity but said it is hopeful that clients will reimburse the company for their cost increases.
By Kim Slowey • Oct. 29, 2015 -
Milwaukee Bucks submit $1B downtown development plan
The team's ownership group, acting as the primary developer on the project, plans to build a six-story, $500 million arena and develop the surrounding area to add apartments, restaurants, retail space and more.
By Kim Slowey • Oct. 28, 2015 -
Tech startup Uptake, backed by Caterpillar, reaches $1B valuation
Caterpillar CEO Doug Oberhelman said the technology can "empower our customers with the insight necessary to shift from a reactive 'repair after failure' mode to a proactive 'repair before failure' stance."
By Emily Peiffer • Oct. 27, 2015 -
Construction app startup Fieldwire scores $6.6M funding round
The latest funding news for a construction technology startup reaffirms the trend toward increased use of apps and other technologies for projects.
By Emily Peiffer • Oct. 27, 2015 -
Caterpillar slashes profit forecast amid infrastructure uncertainty, weak global demand
CEO Doug Oberhelman told analysts he is optimistic that Congress will soon pass a multiyear highway-funding bill, which would increase demand for construction equipment.
By Kim Slowey • Oct. 23, 2015 -
Clark Construction set to begin $515M renovation of Miami Beach Convention Center
The city will purchase materials for the project directly to save money on sales tax and has approved a 1% increase to the city’s hotel tax for bonds to fund the expansion.
By Kim Slowey • Oct. 23, 2015 -
Skanska to build $88M mixed-use tower in Boston
Despite the Swedish construction giant's recent announcement of third-quarter losses in its U.S. operations, this is the firm's second high-profile commercial investment just this month.
By Kim Slowey • Oct. 22, 2015 -
TX high-speed rail developer announces $130M pre-construction partnership deal
Texas Central Partners predicts the rail system will eventually generate $36 billion of economic benefit for the region.
By Kim Slowey • Oct. 22, 2015 -
Deep Dive
Can focus on diversity keep construction industry from a sinking bottom line?
Experts cited the ongoing labor shortage as a motivating factor that is getting construction executives to take notice of the industry's lack of women and minorities.
By Emily Peiffer • Oct. 21, 2015 -
Boldt announces 5-year plan to transfer ownership to employees
The 125-year-old construction firm expects to reach $1 billion in sales in 2016.
By Kim Slowey • Oct. 21, 2015 -
KBR ordered to pay $108K for taking subcontractor kickbacks
Federal officials said managers of the Houston-based contractor improperly accepted expensive dinners, golf outings and event tickets from two subcontractors that had previously settled claims for kickback violations.
By Kim Slowey • Oct. 19, 2015 -
Skanska to build $126M 'trophy-class' DC office building on spec
The news comes during the same week the Swedish construction giant announced $74 million in write-downs in its U.S. construction operations in the third quarter.
By Emily Peiffer • Oct. 16, 2015