Nonresidential Construction Costs Forecast to Increase with Robust Activity, Employment

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MINNEAPOLIS, Minn. — Mortenson Construction recently released its quarterly Construction Cost Index report for Minneapolis – St. Paul, Minnesota, along with five other metropolitan areas in the U.S. According to the report, building owners should anticipate nonresidential construction costs to increase 3- 4 percent on average in the coming year with most markets reporting robust activity and healthy employment. While the rate of growth in construction employment has plateaued in many of the markets tracked, nonresidential construction activity is considered healthy according to data from the Bureau of Labor Statistics. The Mortenson Construction Cost Index also tracks building component trends … Read more

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Tutor Perini Building Corp. to Build Tribute/Element Hotel in Fort Lauderdale

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FORT LAUDERDALE, Fla. — Tutor Perini Corporation’s subsidiary, Tutor Perini Building Corp., has been awarded a contract by Wurzak Hotel Group and DoveHill for construction of a dual-branded Tribute Portfolio and Element by Westin Hotel in downtown Fort Lauderdale, Florida. The contract value was not disclosed. The project scope of work includes construction of a new 24-story, 323-room hotel to be comprised of a 209-room Tribute Portfolio Hotel and a 114-room Element by Westin Hotel within the same structure. The upscale building will feature a rooftop lounge and restaurant, a pool and gymnasium facility, parking within the building, ground-level retail … Read more

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Knutson Construction Celebrates Water Park Grand Opening

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MINNEAPOLIS, Minn. —The Lagoon at Treasure Island Resort and Casino, located in Welch, Minnesota, celebrated its grand opening and ribbon cutting on Tuesday, Feb. 9. Knutson Construction began construction last spring as the Design-Builder, in partnership with RSP Architects, on the 40,000-square-foot water park, which includes a 320-foot lazy river, two looping water slides, zero-depth entry family pool and Barefoot Bar, an adult-only pool with a swim-up bar. The addition also includes the Wave Spa, an upscale full-service salon and spa. “We are thrilled with how this project turned out – providing Treasure Island Resort and Casino with world-class amenities, … Read more

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Construction Spending Ends Year on Mixed Note

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Construction spending inched up in December from a month earlier and increased solidly over the year but the major components showed divergent trends, according to an analysis by the Associated General Contractors of America. Association officials cautioned that slowdown in spending in a number of key, private nonresidential categories could reflect broader financial uncertainty and undermine the sector’s recovery. “Home and apartment construction continued growing strongly while public construction, particularly for highways, has also advanced,” said Ken Simonson, the association’s chief economist. “But spending on most private nonresidential categories has stalled or turned negative in the past several months. Contractors … Read more

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Gilbane Big Winner at ASA Awards in Houston

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HOUSTON, Texas – The American Subcontractors Association presented Gilbane Building Company with three of its highest honors at the ASA Awards Gala on Friday, Jan. 29, in Houston, Texas. Members of the ASA nominate individuals and firms in eight categories. The nominations are then sent back to the membership for their vote. The votes were tallied and the “Top Five” firms and individuals were invited to attend the yearly event to find out the winners. This year, Gilbane was honored to receive the following awards: 2015 General Contractor Safety Award – Gilbane/Harvey 2015 Project Superintendent of the Year – Gerald … Read more

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