Wed.Jul 10, 2024

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Easing inflation, potential rate cuts boost backlog

Construction Dive

Builders have fared well so far this year despite high interest rates, rising prices and emerging weakness in the broader economy, according to ABC Chief Economist Anirban Basu.

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SOM, Energy Vault Enter Partnership on Gravity-Based Energy Storage

ENR Construction

The companies will continue to develop systems that use the lifting of large composite blocks and the pumping of water to store potential energy for later power generation.

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After stalled labor talks, $2B Columbus airport project receives more funds

Construction Dive

Negotiations between local unions and contractors did not yield an agreement, but Hensel Phelps and the project owner say they’re dedicated to hiring local, disadvantaged businesses.

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Maryland County Launches Big-Time Transit Microgrid Project

ENR Construction

The new microgrid will combine with the county’s two-year-old Brookville Smart Energy Bus Depot.

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How General Contractors Can Drive Growth Without Increasing Headcount

For construction businesses, scaling operations means taking on greater workloads. Unfortunately, much of the responsibility of managing additional work falls on you and your finance team. Learn how you can navigate the increased complexity of managing more projects without adding headcount. We’re here to share insights into why technology is key to scaling your finance operations.

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New initiative seeks innovations to streamline NYC’s building process

Construction Dive

The Buildings Tech Lab is designed to evaluate technology solutions that can help the city’s Department of Buildings manage construction.

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BE&K to build $4.1B Novo Nordisk facility in North Carolina

Construction Dive

The project will encompass 1.4 million square feet across 10 buildings and boost the drugmaker’s production of the diabetes medication Ozempic.

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US Army Corps of Engineers Names New Chief

ENR Construction

Graham now is Corps deputy commanding general and heads its civil and emergency operations

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Office real estate is now a tale of three markets, Cushman & Wakefield says

Construction Dive

The office vacancy rate will peak at 21.6% in late 2025, but performance between the best and worst buildings varies greatly, according to the firm’s mid-year macro outlook for commercial real estate.

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