Commercial Building: Page 43
-
Manufacturing starts, construction’s safety blanket, slump 68%
Despite the pullback, Dodge’s chief economist maintains underlying trends point to a “very healthy sector.”
By Sebastian Obando • May 18, 2023 -
Deep Dive
Contractors face uncertainty over new Florida immigration law
New legislation that requires companies to confirm that employees are allowed to work in the U.S. could result in severe consequences for construction firms.
By Zachary Phillips • Updated May 19, 2023 -
Explore the Trendline➔
vitranc via Getty ImagesTrendlinePreconstruction
Careful collaboration before shovels hit dirt is key to a successful project, experts say.
By Construction Dive staff -
Georgia Ports Authority to build $170M rail hub in Gainesville
The new inland terminal is expected to handle 60,000 containers per year and is set to begin construction in January.
By Alejandra Carranza • May 18, 2023 -
Debt ceiling breach would sink construction starts by as much as 30%
If policymakers fail to avert the crisis by the June deadline, all types of building activity would slow, including projects boosted by federal funding packages, according to Dodge.
By Sebastian Obando • May 18, 2023 -
A ‘tech hub’ in your city? Commerce Department launches application process for $500M in grants.
The program will focus on key technology areas such as artificial intelligence and batteries. Its first phase will designate at least 20 tech hubs.
By Ysabelle Kempe • May 17, 2023 -
Project Wins
Granite seals $58M highway job
The California-based contractor will reshape a portion of Nevada’s Pyramid Highway in Sparks.
By Joe Bousquin • May 17, 2023 -
Project Wins
Adolfson & Peterson awarded $74M Raytheon office rehab
The Minneapolis-based contractor predicts it will finish work on the Plano, Texas, project later this year.
By Matthew Thibault • May 17, 2023 -
Economic Reports
Backlog rebounds from 7-month low
Boosted by a strong pipeline of infrastructure projects, contractors continue to express confidence in their six-month outlooks, despite economic headwinds.
By Sebastian Obando • May 16, 2023 -
Project Wins
Jacobs nabs $200M EV battery plant expansion
CEO Bob Pragada recently pinpointed advanced manufacturing projects as one of its target sectors for growth.
By Sebastian Obando • May 16, 2023 -
Executive Moves
Suffolk taps California construction vet for growth in the West
Jim McLamb, who worked at Clark Construction in Los Angeles for more than 30 years, will serve as Suffolk’s general manager in its Northern California region.
By Joe Bousquin • May 16, 2023 -
Earth movers, front-end loaders and robots take over the National Mall
Heavy equipment manufacturers are displaying their machines in Washington, D.C., this week to demonstrate the $1 trillion construction industry’s economic might and shine a light on policy priorities.
By Jennifer Goodman , Matthew Thibault • May 16, 2023 -
Coulomb Solutions plans to build US battery pack factory
The announcement follows LG Energy Solution’s $2.3 billion LFP battery facility in Queen Creek, Arizona, and Ford’s $3.5 billion factory for the same battery type in Marshall, Michigan.
By Sara Samora • May 15, 2023 -
Project Wins
Modular builder wins $2.2M Vermont school contract
KBS is working with the Department of Energy’s Advanced Building Construction initiative to improve its units’ energy efficiency.
By Sebastian Obando • May 15, 2023 -
Deep Dive
When school is out, construction is in
As elementary and high schools plan for a surge of federally funded upgrades over the next few months, many administrators remain concerned about spending deadlines.
By Kara Arundel • May 15, 2023 -
Maryland HVAC contractor settles equal-pay suit for $210K
An Equal Employment Opportunity Commission lawsuit claimed Mechanical Design Systems paid a woman project manager half as much as men.
By Joe Bousquin • May 15, 2023 -
Project Milestones
Hunt-Penta JV starts $600M Vegas convention center upgrade
The expansion project will continue through 2025, and will provide jobs to more than 600 tradesworkers.
By Sebastian Obando • May 12, 2023 -
MSG Sphere price tag increases again, up $125M
Sphere Entertainment Co. cited the overall complexity of the Las Vegas entertainment project as the primary cause of the jump.
By Sebastian Obando • May 12, 2023 -
Annual material prices trend lower for second straight month
Despite an overall decline in input prices, double-digit annual cost increases persist for certain critical construction commodities.
By Sebastian Obando • May 11, 2023 -
NYC expands Construction Fraud Task Force
The announcement came on the same day as an indictment of an accountant who allegedly defrauded the state out of millions in workers’ comp payments.
By Zachary Phillips • May 11, 2023 -
Business, construction leaders urge quick resolution to looming debt ‘catastrophe’
President Joe Biden and congressional leaders met this week as the threat of a default on the country’s $31.4 trillion debt grows.
By Jennifer Goodman • May 11, 2023 -
US hotel construction pipeline grows as developers eye cost-effective projects
According to a Lodging Econometrics report, recovery in travel demand led to first-quarter pipeline growth, though developers are seeking alternatives to new construction.
By Jenna Graber • May 11, 2023 -
Construction’s profit margins sink to lowest level since mid-pandemic
U.S. construction firms’ bottom lines plummeted 27% in the first quarter of this year, a trend reflected in many public contractors’ earnings reports.
By Sebastian Obando • May 10, 2023 -
Mercedes-Benz partners with NavVis on digital twins of factories
The collaboration will allow the automaker to simulate new site layouts and production line changes.
By Kate Magill • May 10, 2023 -
Office vacancy rate hits 30-year high
Unleased office rates reached 17.8% in Q1, as hybrid work and recession fears weighed on demand, according to CBRE.
By Maura Webber Sadovi • May 10, 2023 -
Jacobs’ profits more than double due to IIJA, water projects
The firm announced plans to spin off its Critical Missions Solutions business, which accounted for 35% of its revenue last year.
By Sebastian Obando • May 9, 2023