NEW YORK, N.Y. – Turner Construction Company’s Fourth Quarter 2016 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1006. This represents a 1.11 percent quarterly increase from the Third Quarter 2016 and a 4.90 percent yearly increase from the Fourth Quarter 2015. The United States construction market continues to experience broad growth, with the West and Southeast regions seeing more significant gains, and the Northeast and Central regions seeing more moderate gains. Additionally, while raw material prices have remained flat, they have experienced an overall gain this … Read more
BOSTON, Mass. – Suffolk Construction Company has been selected by GE as construction manager for the development of it new global headquarters in Boston, Massachusetts. Suffolk will provide pre-construction services related to the development of the new 12-story building on the campus. In this first phase, Suffolk will work closely with the project architect, Gensler, on refining and completing the design. In addition, Suffolk will develop the project timing, sequencing, logistics and cost. Once complete, construction of the new 295,000-square-foot building will begin. The latest renderings of GE’s new campus can be found here.
ATLANTA, Ga. – Brasfield & Gorrie recently celebrated a significant milestone in the construction of the new Omni Hotel at The Battery Atlanta in the mixed-used development adjacent to SunTrust Park in Cobb County, Georgia. A ceremony marked the topping out of the new hotel, signifying the completion of the structure’s top floor and the peak point of the project. Scheduled to open in early 2018, the Omni Hotel at The Battery Atlanta will be a full-service hotel with 16 floors and 264 guest rooms, including 28 suites. The hotel will also feature more than 4,000 square feet of meeting … Read more
WASHINGTON, D.C. — November not seasonally adjusted construction unemployment rates were down in 38 states and the nation on a year-over-year basis, according to an analysis recently released by Associated Builders and Contractors. The rates for two states, Kansas and Texas, were unchanged from November 2015. The national NSA construction unemployment rate of 5.7 percent was down 0.5 percent from a year ago and unchanged from October, according to data from the Bureau of Labor Statistics. This was the lowest national NSA November construction unemployment rate on record, matching the 5.7 percent rate in November 2005 and November 2000. Meanwhile, … Read more