Tag: finance

September 1, 2017

The city of Seattle issued a request for proposals back in January with an eye toward hosting an NBA team — to replace the SuperSonics — or an NHL team. Conditions of the proposal required that any potential developer would have to […]

September 1, 2017

Live-work-play developments are still springing up in major cities, but those who are in the surrounding communities are looking to bring that urban walkability to their neighborhoods as well. In October, another Los Angeles–area developer, Westfield Corp., proposed replacing an […]

August 31, 2017

The construction workforce trending older has been cause for concern in some parts of the U.S. as the industry continues to cite the skilled labor shortage as one of its most critical problems. The Northeast, especially, could face challenges as […]

June 2, 2017

The value of new construction starts in April dropped 13% from the previous month to a seasonally adjusted annual rate of $647.8 billion, according to Dodge Data & Analytics. The decline followed three straight months of gains, which saw total […]

May 26, 2017

A study released today by the Beacon Hill Institute found that Ohio schools built under government-mandated project labor agreements (PLAs) cost 13.12 percent more than schools that were bid and constructed through fair and open competition, free from PLA requirements. The study looked at […]

May 25, 2017

Ben Franklin is often attributed as saying only two things are certain in life: death and taxes. While this quote rings true, it can be assumed Franklin didn’t predict some entities would be handed a tax bill of $71 million […]

May 24, 2017

For many years, the industry expected millennials to gravitate toward cities, but that hasn’t necessarily been the case, as nearly 50% live in the suburbs and 20% live in rural areas, according to Zillow. Amid skyrocketing home prices, the suburbs […]

May 23, 2017

Investment in municipal infrastructure continues to drive upgrades and expansions throughout the San Diego area in the water, education and transportation sectors, Burrola says. “Paving the way for future growth in the water sector is Pure Water San Diego, a […]

May 23, 2017

The Trump administration has promised sweeping tax breaks and increased defense and infrastructure spending — pledges that some analysts worry could drive up the national debt sharply. Rumors earlier in 2017 anticipated the possibility of President Donald Trump attempting to […]

May 23, 2017

The cooldown in construction starts following a robust first quarter comes as part of the familiar up-and-down nature of the construction industry’s recovery and expansion. Though activity slowed in April, a number of major projects broke ground last month. Six […]

May 22, 2017

Budgeting for a piece of equipment requires more than just considering the sticker price. From routine upkeep, like oil changes and monitoring track tension, to surprise breakdowns requiring undercarriage service, maintenance costs can add up very quickly. It’s no longer […]

May 22, 2017

More information is coming to light about President Trump’s long-awaited $1-trillion infrastructure proposal. Transportation Secretary Elaine Chao has told a Senate committee that Trump “is very impatient” and he wants to see a set of “principles” for the plan released […]

May 18, 2017

FMI’s forecast for 2017 predicts an increase of 6% for the total value of construction put in place in the U.S. With GDP most recently reporting 2.1% growth in the fourth quarter of 2016, construction growth of 6% looks solid. […]

May 15, 2017

Saudi Arabia isn’t the only country to consider infrastructure investment in the U.S. At the end of last year, the Qatar Investment Authority (QIA) announced that it would put $10 billion toward U.S. infrastructure initiatives. The QIA had previously said […]

May 15, 2017

The softwood lumber dispute, which had been fueled by speculation over the past few months, reached its first milestone of certainty in April, when the U.S. government announced an average 20% tariff on Canadian softwood lumber imports. Another set of […]

May 8, 2017

With the average builder taking six months to build a single-family home, a jump in starts for the category in early 2017 points to an increase in listings for buyers hoping to take advantage of better purchasing conditions in late […]

May 8, 2017

The Province of British Columbia has started forward movement on constructing a new $3.5 billion project that includes replacing the aging George Massey Tunnel under the Fraser River with a brand-new, 10-lane bridge. The George Massey Tunnel Replacement Project kicked […]

May 2, 2017

The U.S. economy’s performance slowed in the first quarter of 2017, but nonresidential fixed investment expanded at an impressive 9.4 percent seasonally adjusted annual rate, according to analysis of U.S. Bureau of Economic Analysis data recently released by Associated Builders […]

May 1, 2017

Critics of charter school funding opposed the measure, arguing that they don’t have to meet the same standards that school districts do. Currently, charter schools’ construction projects must come out of pocket or rely on donations. Texas, which has several […]

April 13, 2017

The merger between Marriott and Starwood might have been completed in late September 2016, but that was just the beginning. Since that time, owners and their asset managers have awaited confirmation that related merger expenses would be “net neutral,” as initially promised. […]