Dive Brief: Top 10 contractor Tutor Perini reported profits Thursday of $29.3 million, or 57 cents a share, in the fourth quarter, down 17% from the year-ago period reflecting a slowdown in construction. Still, the weaker results beat Wall Street’s average estimate of 51 cents per share, according to Seeking […]
challenges
Florida Realtors economist: Authentic estate’s residential side has been on fireplace since summer season 2020. How has the industrial side fared? It’s scorching – and it’s not. It relies upon on in which you glimpse. The delta variant of COVID-19 slowed the office environment market place even as it relit […]
This is a contributed op-ed published by Joe Dunlap, managing director of offer chain advisory at CBRE. Opinions are the author’s own. The present day provide chain was a issue of ponder, offering content from about the world to corporations and shoppers, seemingly in mere times or even hours. Right until […]
When it opens in 2023, a new healthcare facility for MedStar Georgetown University Clinic in Washington, D.C., will characteristic the latest medical and technological advances. The new 477,213-sq.-foot medical and surgical making will aspect 156 individual rooms, 32 test rooms and a rooftop helipad with direct entry to 31 running […]
The virtually 50-year-previous I-65/I-70 North Break up interchange in downtown Indianapolis is going through a $320 million renovation led by Excellent Development Co. Mohammed H. Siddiqi  In addition to doing the job for the duration of the COVID-19 pandemic, the general public-personal partnership has faced various troubles. The North Break […]
Dive Temporary: Even though the coronavirus outbreak has decreased need for office house across the state, builders broke ground this 7 days on New York City’s premier professional improvement due to the fact the pandemic hit the U.S. in March. When entire in 2023, the $2.3 billion A person Madison […]
Dive Quick: Chicago-based mostly Skender Production, the modular-centered spinoff of general contractor Skender Building, has introduced it is closing its doorways because of to financial difficulties brought on by the COVID-19 pandemic. Skender Production CEO Mark Skender explained to Building Dive that a coronavirus-induced downturn in hotel development experienced greatly impacted […]
Chuck Goodrich is worried about his 2021 hard cash stream. As CEO of Indianapolis-based mostly nationwide subcontractor Gaylor Electric powered, he and his staff have built it by means of the onset of the novel coronavirus pandemic, and have in fact noticed expansion. For the calendar year, he’s anticipating to […]
Less new development tasks have come to industry since the coronavirus pandemic hit the U.S. Even now, 6 months into the outbreak, few entrepreneurs and builders are willing to consider dangers during the continued economic uncertainty. Yet, lenders and financiers even now want to back excellent tasks and banking companies are actively […]