$414M Renovation of Pennsylvania Station Long Island Railroad Concourse Complete

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A $414-million renovation of Pennsylvania Station’s Long Island Railroad Concourse in New York, New York is complete. The project, awarded to Skanska, AECOM and Skidmore, Owings & Merrill by Penn District Station Developer LLC in 2020, aimed to modernize and widen LIRR’s 33rd Street train hall corridor, while maintaining the station’s daily operations and train service. The 27-month design-build project encompassed both the design and construction of the reimagined concourse, with a widened corridor, raised ceiling heights, upgraded lighting and wayfinding, new digital information screens, improved mechanical and electrical systems and new architectural finishes, among other station enhancements. The renovation … Read more

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Building Costs Increase in the Second Quarter of 2023

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Turner Construction Company’s Second Quarter 2023 Turner Building Cost Index — which measures costs in the non-residential building construction market in the United States — had increased to the value of 1365. This represents a 1.19% quarterly increase from the Fourth Quarter 2022 and a 6.39% yearly increase from the Second Quarter 2022. The building costs and price trends tracked by the Turner Building Cost Index may or may not reflect regional conditions in any given quarter. The index is determined by several factors considered on a nationwide basis, including labor rates and productivity, material prices and the competitive condition of … Read more

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Construction Firms Add 23,000 Jobs in June

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The construction sector added 23,000 jobs in June while the sector’s unemployment rate fell to the lowest rate ever for the month and pay levels in the industry continued to rise, according to an analysis of new government data the Associated General Contractors of America released. Association officials said there appears to be plenty of demand for construction services and that employers likely would have added even more jobs if they could find more workers to hire. Construction employment in June totaled over 7.9 million, seasonally adjusted, an addition of 23,000 or .3% from the month prior. The sector has added 198,000 … Read more

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ABC: Monthly Construction Input Prices Unchanged in June

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Construction input prices remained unchanged in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released. Nonresidential construction input prices were also unchanged for the month. Overall construction input prices are 4.9% lower than a year ago, while nonresidential construction input prices are 4.5% lower. Prices decreased in all three energy subcategories in June. Crude petroleum prices were down 5.9%, while natural gas prices fell 5.3%. Unprocessed energy materials prices decreased 5% for the month.

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LA’s Largest Development for Individuals Experiencing Homelessness Tops Out First Tower

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In a significant step toward addressing homelessness among Skid Row residents, a 19-story tower for the Weingart Center Association tops out construction. The structure, built by Emmerson Construction with Swinerton as the prime subcontractor, is one of two towers planned for the development by the Los Angeles, California-based nonprofit agency, which provides supportive services to individuals experiencing homelessness, and Chelsea Investment Corporation, one of the nation’s leading affordable housing developers. The occasion was commemorated with a visit from the city of Los Angeles’ Chief of Housing and Homelessness Solutions Mercedes Marquez, other dignitaries and teams from Swinerton, Emmerson Construction, Axis/GFA … Read more

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