Bank failures put squeeze on construction loans

The lending environment, which has grown more treacherous over recent weeks, could dampen new multifamily starts by as much as 60%, according to one executive.

By Leslie Shaver • May 9, 2023

Black & Veatch acquires Texas electrical contractor

Bird Electric will join the engineering firm’s portfolio and expand its capabilities in fields like electric vehicles and renewables.

By Matthew Thibault • May 9, 2023

Explore the Trendline➔

Preconstruction

Careful collaboration before shovels hit dirt is key to a successful project, experts say.

By Construction Dive staff

DeSantis inks Florida E-Verify law for private employers

In anticipation of the new requirement, some construction workers have stopped showing up to their jobs for fear of being deported, CBS Miami reported.

By Zachary Phillips • Updated May 11, 2023

UPS plans to open 7 healthcare logistics facilities in 2023

Services for healthcare shippers have been a bright spot for the delivery giant amid an overall decline in demand.

By Max Garland • May 8, 2023

Tutor Perini’s loss doubles as revenue sinks

Delayed impacts from the pandemic, an adverse legal ruling and accounting charges conspired to eat into the contractor’s top and bottom lines. 

By Joe Bousquin • May 8, 2023

Construction planning drops 2 months in a row

Weak activity for offices, hotels and retail pulled the Dodge Momentum Index lower.

By Sebastian Obando • May 8, 2023

Fluor posts $107M loss, increased backlog

A combined $80 million in charges on legacy infrastructure projects obscured an otherwise healthy first quarter, an analyst said.

By Sebastian Obando • May 5, 2023

Skanska profits tank on weak residential performance

CFO Magnus Persson told Construction Dive the firm can weather the downturn, in part thanks to healthy infrastructure demand in the U.S.

By Zachary Phillips • Updated May 8, 2023

Whiting-Turner settles EEOC suit for $1.2M

The firm allegedly segregated workers into all-Black crews run by White supervisors who harassed them with racial slurs at a $600 million Google data center project.

By Joe Bousquin • May 5, 2023

Caesars Entertainment to add $100M tower to Paris Las Vegas

Caesars will integrate the existing Jubilee Tower at Horseshoe Las Vegas into Paris Las Vegas and rename it the Versailles Tower as part of the resort’s ongoing upgrades.

By Jenna Graber • May 5, 2023

Google breaks ground on 2 data centers in central Ohio

The tech conglomerate announced plans to expand its footprint in the Buckeye State, bringing its total investment there to more than $2 billion.

By Sebastian Obando • May 4, 2023

Gilbane completes convex-shaped mixed-use project in LA

With a lens-like design, the $125 million development will feature 10 levels of apartments and luxury amenities.

By Matthew Thibault • May 3, 2023

Construction’s layoffs reach highest level since early in the pandemic

Approximately 73,000 building job openings disappeared in the latest government report, continuing the industry’s wild ride in 2023.

By Zachary Phillips • May 3, 2023

Aldi plans to open 120 stores in 2023

The discount retailer said it added 35 stores in the U.S. during the first quarter of 2023 and expects to have more than 2,400 locations across the country by the end of the year.

By Sam Silverstein • May 3, 2023

McCarthy breaks ground on $52M Missouri hospital expansion

The project, which will be delivered using the CMAR method, is scheduled to finish at the end of 2024.

By Matthew Thibault • May 3, 2023

Blame it on the weather: Granite pegs Q1 loss, revenue dip to extreme storms

Despite delays, the California contractor boosted its backlog to a record $5.1 billion and said its shift to smaller, lower risk projects was bearing fruit.

By Joe Bousquin • May 2, 2023

The safety violations in construction’s most iconic photo

For most safety experts, “Lunch Atop a Skyscraper” is cringe-inducing, though it also evokes feelings of pride. For Construction Safety Week, several of them chimed in on the history of the photo, its significance and the red flags that stood out to them.

By Zachary Phillips • May 2, 2023

Round Table: SIFs, data key to jobsite hazard detection

Experts from Skanska, Shawmut, Turner, Balfour Beatty and Clark said planning, prevention and prediction are the present and future of jobsite safety.

By Zachary Phillips • May 2, 2023

Bosch to invest $1.5B into California semiconductor plant

The German company plans to acquire the assets of Roseville, California-based chipmaker TSI Semiconductors.

By Sebastian Obando • May 2, 2023

Tutor Perini wins $2.95B NYC jail contract

The Los Angeles-based firm will design and build the Brooklyn facility for the city’s new Borough-Based Jails System.

By Joe Bousquin • Updated May 2, 2023

Manufacturing sustains construction spending — again

The manufacturing boom is helping the industry weather softening residential and other nonresidential markets.

By Sebastian Obando • May 1, 2023

Skanska nabs $267M California interchange rebuild

The Sweden-based contractor announced the project win Friday, with its Q2 earnings call just around the corner.

By Zachary Phillips • May 1, 2023

Tutor Perini subsidiary wins $222M airport project

The embattled company is picking up its second subsidiary win in two weeks through the award.

By Matthew Thibault • May 1, 2023

First state law banning gas in new buildings likely to pass in New York

Environmental and social justice advocates worry it will include a “poison pill” provision backed by the oil and gas industry.

By Ysabelle Kempe • May 1, 2023

Construction safety front and center this week

Monday kicks off Construction Safety Week. From a safety crackdown in NYC to using AI to prevent injuries, here's what's trending on the topic.

By Construction Dive Staff • May 1, 2023