Corporate News: Page 47
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Developers file plans for $650M DC suburb mixed-use project
The 31-acre complex in Rockville, MD, will feature 100,000 square feet of retail space, 200,000 square feet of office space and up to 1,600 apartments.
By Kim Slowey • Feb. 13, 2017 -
BlackRock readies for $2.5B global infrastructure spend in 2017
The investment management firm said it won't commit to U.S. infrastructure until there are more details revealed for President Trump's $1 trillion plan.
By Kim Slowey • Feb. 10, 2017 -
Mortenson completes $494M ND hospital
The five-year project is one of the largest privately funded ventures in the history of the Dakotas.
By Kim Slowey • Feb. 10, 2017 -
LPCiminelli execs ask judge to dismiss corruption charges, indicate $4B in lost work
Attorneys for the former company heads also requested a change of venue to Buffalo, NY, where the alleged offenses occurred.
By Kim Slowey • Feb. 9, 2017 -
Drone startup Airware snags investment from Caterpillar
Small UAV companies see a go-to-market opportunity in allying with established industry brands.
By Chris Wood • Feb. 8, 2017 -
NYC releases feasibility study for proposed $19B Sunnyside Yard redevelopment
It would be among the most expensive projects in city history, yielding up to 24,000 housing units with as many as 7,200 marked as affordable.
By Sean Barry • Feb. 8, 2017 -
TX builder Plantation Homes adds $160K home line in Houston
Priced well below the $200,000 threshold, the new single-family offering joins homebuilder efforts to appeal to the entry-level buyer segment.
By Sean Barry • Feb. 8, 2017 -
Deep Dive
4 ways builders are working around the labor shortage
From hiring out of new markets and raising wages to starting a training program, pros discuss how they are finding new workers in today's tight labor market.
By Jeff Marcus • Feb. 8, 2017 -
Opinion
5 measures to help prevent construction fraud
In a guest article, risk management expert Elan Parra explores the dangers of fraud, as well as steps to avoid potential legal backlash.
By Elan Parra • Feb. 8, 2017 -
Report: Apple's pursuit of perfection slowed progress on $5B 'spaceship' campus
The massive project in Cupertino, CA, was initially scheduled for completion in 2015, but the new target date is set for sometime this spring.
By Kim Slowey • Feb. 8, 2017 -
Billionaire Dan Gilbert offers to build new Detroit jail in exchange for MLS stadium site
The Quicken Loans founder has upped the ante on his quest to develop a 23,000-seat, $1 billion soccer stadium complex.
By Kim Slowey • Feb. 8, 2017 -
$26.3M senior affordable housing project opens in the Bronx, NY
Van Cortlandt Green received $13.2 million in tax-exempt bonds from the New York Housing Finance Agency and $8.9 million in subordinated mortgage subsidy funding.
By Sean Barry • Feb. 7, 2017 -
Gilbane wins $145M MA school project
The contractor was awarded the guaranteed maximum price contract due to its experience building vocational schools.
By Kim Slowey • Feb. 7, 2017 -
NY transit agency narrows contractor field for $2B LIRR expansion
Gov. Andrew Cuomo announced plans for a third track to the Long Island Railroad last year as part of his massive infrastructure program.
By Kim Slowey • Feb. 7, 2017 -
Developers of $2B DC Wharf announce designers for second phase
The massive mixed-use project will continue to see construction of residential, retail and office space along the Potomac River.
By Kim Slowey • Feb. 7, 2017 -
Los Angeles Metro considering P3s to accelerate transit project schedules
City officials said they've received unsolicited public-private partnership proposals from several construction teams for two major projects.
By Kim Slowey • Feb. 6, 2017 -
Gensler-designed mixed-use tower planned for downtown Los Angeles
The 52-story project has drawn attention because of its design featuring slightly askew, stacked layers.
By Kim Slowey • Feb. 6, 2017 -
84 Lumber's 2017 Super Bowl ad takes on immigration
The building material dealer said it wasn't looking to be political with its ad, which joined a host of others in commenting on the status of immigration in the U.S.
By Hallie Busta • Feb. 6, 2017 -
Skanska invests $392M in Seattle office project
The city is one of the hottest markets for commercial and residential development, in part because tech companies are boosting their presence there.
By Kim Slowey • Feb. 6, 2017 -
University of Miami proposes $100M student housing expansion
The dorm will comprise 23 connected buildings with green roofs and courtyards.
By Sean Barry • Feb. 3, 2017 -
Related partnering with former NY Gov. Spitzer on Hudson Yards development
The 1.4 million-square-foot mixed-use plan includes 400 apartments, which developers say will meet the booming neighborhood's need for residential space.
By Kim Slowey • Feb. 3, 2017 -
Blackstone planning $500M facelift for Chicago's Willis Tower
The project marks the largest investment ever from the developer for an office rehab and is part of an effort to draw more tourists and tenants to the iconic building.
By Kim Slowey • Feb. 3, 2017 -
Lendlease-Turner JV wins $1.5B NYC Javits Center expansion contract
The redevelopment is one of a handful of New York City projects authorized to use the design-build delivery method.
By Kim Slowey • Feb. 2, 2017 -
Developers secure $325M in financing for stalled Seattle mixed-use tower
Progress was held up in court after developer Lobsang Dargey was charged with securities fraud for using EB-5 visa program funds for personal use.
By Kim Slowey • Feb. 2, 2017 -
Related Group taps Balfour Beatty to build Atlanta Whole Foods flagship store
The 72,000-square-foot space will anchor a 39-story, luxury residential high-rise complex also being built by Balfour Beatty.
By Kim Slowey • Feb. 2, 2017