Corporate News: Page 70
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Portland micro-apartment building for sale draws major investor interest
Commercial real estate firm Cushman & Wakefield said the market for the small units has "matured" and that the Freedom Center's sale would mark the nation's first of a micro-apartment building of its size.
By Emily Peiffer • Sept. 2, 2015 -
Slump in construction sector demand leads to Deere worker layoffs
A spokesman for the company said Deere had predicted combine sales would be down, but hadn't anticipated the lasting downturn on the construction side.
By Emily Peiffer • Sept. 2, 2015 -
Construction giant Turner found in default on $300M contract by CA county
A county official said he believes Turner prioritized the San Francisco 49ers stadium over the hospital project, but the contractor denied those claims and said it "knows how to build two projects at a time."
By Deborah Barrington • Sept. 1, 2015 -
Deep Dive
10 trends defining the construction industry
BIM, labor shortages, tiny houses and more. We've compiled the most important trends that construction executives should keep an eye on.
By Emily Peiffer • Aug. 26, 2015 -
Housing stocks fare worse than overall stock market
Of the major homebuilders, KB Home saw the greatest loss Monday. But the real impact could involve the Fed's impending interest rate hike decision.
By Emily Peiffer • Aug. 24, 2015 -
'Real estate to the rescue': Public builders rally in shaky stock market
Investors have warmed to homebuilder stocks in response to spikes in industry optimism and housing starts.
By Sharon O'Malley • Aug. 19, 2015 -
Wells Fargo pulls on-site presence from homebuilders' offices
Heightened regulatory scrutiny convinced the banking giant to avoid the appearance of collusion.
By Sharon O'Malley • Aug. 11, 2015 -
Lumber Liquidators' struggle continues as Q2 sales tumble
Sales volume was down despite discounts and denials, as the firm faces additional investigations and claims.
By Sharon O'Malley • Aug. 6, 2015 -
Ryland/Standard Pacific unveil new name for joined corporation: CalAtlantic Group
The mega-merger between the two homebuilding giants is expected to close in the fall.
By Sharon O'Malley • Aug. 4, 2015 -
D.R. Horton to build new headquarters in Arlington, TX
The big builder relocated from Arlington to Fort Worth in 2004 and houses 500 of its 6,300 U.S. employees in leased space.
By Sharon O'Malley • Aug. 3, 2015 -
Amazon's Indiana wind farm construction commences
The project is one of three alternative energy efforts the online retailer has started or announced since June.
By Sharon O'Malley • July 31, 2015 -
Sluggish construction orders drag down Caterpillar Q2 profits
A dip in worldwide demand from the construction, energy and transportation sectors led to the decline.
By Sharon O'Malley • July 24, 2015 -
Taylor Morrison acquires 3 new markets in $166M deal with Orleans Homebuilders
The acquisition will introduce the big builder to Chicago, Raleigh and Charlotte, NC.
By Sharon O'Malley • July 22, 2015 -
Duke Energy breaks ground on solar farm at NC military base
The utility has three other solar projects, which employ about 900 construction workers, underway in North Carolina.
By Sharon O'Malley • July 21, 2015 -
NJ construction management firm to pay $17M penalty in international bribery case
Two Louis Berger executives — who pleaded guilty to conspiracy and corruption charges — will be sentenced in November.
By Sharon O'Malley • July 20, 2015 -
Tesla's expanded gigafactory could become world's largest building
As construction continues on a 10 million-square-foot battery plant, the firm reportedly has acquired enough additional land for a major expansion.
By Sharon O'Malley • July 16, 2015 -
Lennar CEO calls new $1.1B multifamily building equity fund 'a game changer'
The project will allow the big builder to keep apartment and condo complexes in its portfolio after they are rented, creating a new revenue stream.
By Sharon O'Malley • July 16, 2015 -
CA developer files for IPO
Five Point Holdings is the first homebuilding company since June 2014 to announce it will go public.
By Sharon O'Malley • July 9, 2015 -
Facebook breaks ground on $1B data center in Texas
The project could create thousands of construction jobs and generate millions in tax revenue.
By Sharon O'Malley • July 7, 2015 -
DOJ sues to stop Electrolux from acquiring GE Appliances
Homebuilders are divided on whether the consolidation will increase prices.
By Sharon O'Malley • July 5, 2015 -
Tesla gigafactory construction ahead of schedule
Once it is finished, the world’s largest lithium-ion battery plant could spur $97 billion in local economic activity.
By Sharon O'Malley • June 30, 2015 -
Google plans conversion of old coal plant into renewable energy-powered data center
With three similar projects under construction at once, the search engine giant is on a "building binge," The New York Times reported.
By Sharon O'Malley • June 29, 2015 -
Deep Dive
Millennial favorites: How builders, contractors cracked Fortune's list of top workplaces
Which four construction-industry firms bested Google in the rankings?
By Sharon O'Malley • June 25, 2015 -
Deep Dive
PCBC 2015: 6 insider tips for builder success from residential industry experts
A roundup of the most important pieces of advice from panels and interviews for new home builders looking to reach customers and improve business practices.
By Emily Peiffer • June 25, 2015 -
Homebuilders still wary of spec building years after recession
Using the backdrop of May's increase in sales and prices, Lennar’s chief exec points out five trends impacting the housing market. Not all of them are positive.
By Sharon O'Malley • June 24, 2015