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

Explore the Trendline➔

Top 5 stories from Construction Dive

Construction Dive editors curate some of the industry’s top stories from this year.

By Construction Dive staff

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

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

Mortenson/Clark joint venture scores contract to build $1B Golden State Warriors arena

The franchise is privately funding the arena with an unnamed financial institution and expects it to be open in time for the 2018-2019 NBA season.

By Kim Slowey • Oct. 15, 2015

Skanska posts $74M in write-downs in U.S. construction operations

Although the Swedish construction giant recently announced plans to expand its office development operations in the U.S., it has also been involved with some high-profile project controversies.

By Kim Slowey • Oct. 15, 2015

The best tweets from #CMAA15

Attendees of the construction management conference discussed more than just Orlando's sunny skies on Twitter.

By Emily Peiffer • Oct. 14, 2015

Bechtel chosen as contractor for controversial $1B NY power plant

Opponents of the plant have said diminished air quality and an unsightly power line should make the project a non-starter.

By Kim Slowey • Oct. 14, 2015

'Tales from the crypt': 6 construction management horror stories

Construction veterans on a CMAA conference panel shared embarrassing, frustrating and entertaining stories from their years in the industry.

By Emily Peiffer • Oct. 12, 2015

HI developer plans $5M micro-apartment building

Micro-apartments offer renters a chance to live in a trendy, urban area without paying the high rents.

By Kim Slowey • Oct. 11, 2015

Lumber Liquidators settles with DOJ for $10M

The ongoing controversy resulted in some major builders, including Lennar and Pulte, publicly distancing themselves from the retailer.

By Kim Slowey • Oct. 9, 2015

U.S. construction firms' financial health starting to stabilize

Credit research firm Creditsafe found the number of high-credit-risk construction companies is down 5.8% from a year ago.

By Kim Slowey • Oct. 9, 2015

Tesla gigafactory interior construction underway

Tesla, acting as its own contractor, applied for more than 20 building permits totaling more than $45 million in the last four months.

By Kim Slowey • Oct. 8, 2015

Boldt hired to examine delayed CA hospital project

The selection of a new contractor is the latest chapter in the controversy-filled saga of the Valley Medical Center.

By Kim Slowey • Oct. 8, 2015

Engineering firms KJWW, TTG to merge as 'scale' gains importance in BIM, sustainability

The two companies will continue operations in their current offices and will not make any staff reductions as a result of the merger.

By Kim Slowey • Oct. 7, 2015

SolarCity factory project exceeds minority hiring goals

The mayor of Buffalo said the construction hiring numbers are a good sign that SolarCity will continue its practices when employment triples at the site over the next few months.

By Kim Slowey • Oct. 6, 2015

Reports: Apple plans to build 2nd 'spaceship' campus

The tech giant has reportedly agreed to lease Landbank's planned Central & Wolfe Campus in Sunnyvale, CA, where it could accommodate another 4,000 workers.

By Kim Slowey • Oct. 5, 2015