Corporate News: Page 71
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ABC Supply's acquisition of Norandex to create company worth $6B
The deal is expected to pass antitrust review in the fourth quarter of 2015.
By Emily Peiffer • Sept. 16, 2015 -
Saudi officials: Binladin construction firm bears 'partial responsibility' for Mecca crane collapse
King Salman suspended the company from any new contracts with the government and asked for investigations into all of the firm's projects currently under development.
By Emily Peiffer • Sept. 16, 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 -
Lennar, Toll Brothers ramp up efforts in booming rental sector
The big builders haven't been scared off by concerns the multifamily market is on the verge of slowing down.
By Emily Peiffer • Sept. 16, 2015 -
Critics blame soaring costs of Boston rail line on White-Skanska-Kiewit maximum price contract
The construction consortium secured the contract through the maximum price process, rather than the traditional competitive bidding process.
By Emily Peiffer • Sept. 15, 2015 -
CA county kicks Turner Construction off hospital expansion project
Santa Clara officials rejected the construction giant's last-minute proposal to keep the $380 million contract and said they already have replacement builders in mind.
By Emily Peiffer • Sept. 14, 2015 -
Architecture titan Gensler recruits designers to remedy 'weak link' of mixed-use projects
Gensler said it hopes DC-based Phil Esocoff and Amy Weinstein will help the firm submit more competitive bids for designs that include a housing portion.
By Emily Peiffer • Sept. 14, 2015 -
US Green Building Council announces new CEO Mahesh Ramanujam
The current COO will take over the role after Rick Fedrizzi, who founded the council, steps down at the end of 2016.
By Emily Peiffer • Sept. 9, 2015 -
Engineering giant Thornton Tomasetti merges with smaller firm, seeks to drive industry innovation
The new company, formed from the merger with Weidlinger Associates Inc., will have a combined 2015 revenue estimated around $240 million.
By Emily Peiffer • Sept. 9, 2015 -
Apple's Austin, TX, campus slated for 2016 completion
The tech giant has revealed new details about its $300 million, 1.1-million-square-foot space, which will be home to the company's business operations department for the Western Hemisphere.
By Emily Peiffer • Sept. 8, 2015 -
Major contractor Parsons agrees to $3.8M settlement amid False Claims Act allegations
Although Parsons agreed to pay the settlement amount, the company denies any wrongdoing regarding claims from the Department of Energy that it accepted reimbursement for relocation expenses for ineligible workers.
By Emily Peiffer • Sept. 3, 2015 -
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