Medical College of Wisconsin Breaks Ground for Cancer Research Building

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The Medical College of Wisconsin broke ground on its new 150,000-square-foot cancer research building that will help mitigate the cancer burden throughout eastern Wisconsin and beyond. MCW leadership along with supporters from the community and government representatives took part in the groundbreaking event at the Milwaukee Regional Medical Center. Once complete, the MCW Cancer Research Building will be the only cancer-dedicated research facility in Milwaukee and eastern Wisconsin. It will centralize the MCW cancer research programs, which now consist of nearly 700 researchers in 135 labs campuswide. It will also create space to enable more synergistic cancer research projects to … Read more

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Weakened Economy, Higher Borrowing Costs Effect Construction Industry, Reports Marcum Survey

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The Marcum Commercial Construction Index for the second quarter of 2022 reports that the construction industry continues to face rising costs and shortages of both labor and materials, but now also must contend with a weakening economy and elevated borrowing costs.   Notably, the residential sector has weakened significantly, while the outlook remains dicey for the nonresidential sector. The index is produced by Marcum’s National Construction Services group. As of March, construction employment surpassed pre-pandemic levels, but the industry continues to grapple with unprecedented labor shortages. Despite a somewhat bleak outlook, the Marcum index points to one segment that remains an outperformer. Spending … Read more

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Turner Awarded Contract to Build Major Motion Picture Studio

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Togus Urban Renewal has contracted Turner Construction Company to build a 1.5-million-square-foot motion picture and television studio in Bayonne, New Jersey. The name of the new facility, 1888 Studios, recognizes the year the motion picture camera was invented. The 17-building campus will include studio sound stage buildings, flexible support/office spaces and workshop/mill buildings in which the stage sets will be constructed and stored. It is expected that more than 2,000 construction workers will contribute to building the studio, which will have approximately 2,000-3,000 full-time employees working in the studio when complete. Environmental sustainability and resiliency will be built into the … Read more

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Groundbreaking of Helios Medical Campus Highlights Bright Future for North Las Vegas

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The development team from Pacific Group and community leaders from the city of North Las Vegas broke ground on the new Helios Health and Wellness Campus, kicking off a new era of economic development and job creation that will result in a transformative campus and economic hub to serve the growing population of North Las Vegas, Nevada. The project, designated as a Job Creation Zone, has been named Helios. Part world-class medical campus and part community gathering place to dine, shop and stay, Helios will offer the community advanced and accessible healthcare hubs, and essential gathering places for locals to … Read more

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ABC’s Construction Backlog Indicator Jumps; Contractor Confidence Remains Steady

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Associated Builders and Contractors reports that its Construction Backlog Indicator increased to 9 months in September, according to an ABC member survey conducted Sept. 20-Oct. 5. The reading is 1.4 months higher than in Sept. 2021. View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for September. Backlog reached its highest level since May and is once again above the level observed at the start of the pandemic (8.9 months in February 2020). Backlog in heavy industrial increased sizably in September, spurred by a 21.5% year-over-year increase in manufacturing-related construction spending. ABC’s Construction Confidence Index readings for profit margins … Read more

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