Associated Builders and Contractors Releases Latest Construction Spending Data

COCONUT CREEK, Fla. — Nonresidential construction spending continues to slide, falling 0.7 percent in April, and spending in April stood at $558.33 billion on a seasonally adjusted annualized basis, but is up 7.1 percent from April 2011, according to Associated Builders and Contractors. “Ten of the nation's 16 nonresidential construction segments experienced declines in April, including manufacturing and power, which had been the leading drivers of spending growth,” said Anirban Basu, ABC chief economist. Among the 16 subsectors in the nonresidential construction industry,10 reported declines in construction spending. The largest drop came from lodging, down 5.3 percent. This was followed … Read more

Filed under: Economic News, News

Korte Lands Downtown Tenant Improvement Project for Children's Museum

LAS VEGAS, Nev. —The Korte Company has been selected to complete the unique tenant improvement project of the Lied Discovery Children's Museum in Las Vegas. The downtown area of Las Vegas has often been overlooked and so the area is being sculpted into a premier destination for families to work, live and play with announcements of Zappo’s relocation there and the opening of the Smith Center for the Performing Arts. One of the community's major cultural and educational destinations in the downtown area is the Lied Discovery Children's Museum. Since opening its doors in 1990, the children's museum has been … Read more

Filed under: News

FMI Releases Business Development Strategy Survey

RALEIGH, N.C. —The economic climate of the last few years has done more than impact the bottom line of many contractors; it has been the catalyst for changing the industry’s approach to business development. FMI and the Associated General Contractors of America have collaborated to release the “2012 Business Development Survey.” The report captures how the business development efforts of contractors have changed. Beginning with the recession and continuing through the recent months of slow economic expansion, the report takes a concentrated look at the business development function, as well as firm performance and strategy. Survey Insights: Going forward, business … Read more

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USGBC Northern California Chapter Launch California Best Buildings Challenge at CGI America Meeting

USGBC Northern California Chapter Launch California Best Buildings Challenge at CGI America MeetingCHICAGO, Ill. — The U.S. Green Building Council’s Northern California Chapter will launch the California Best Buildings Challenge at the closing plenary event of the 2012 Clinton Global Initiative America . The meeting is focused on finding solutions that promote economic recovery in the United States. President Clinton and USGBC President, CEO and Founding Chair, Rick Fedrizzi, will join three of the six inaugural commitment participants, Genentech, Google and Prudential Real Estate Investors, on stage to announce the Challenge during the closing plenary of the popular event that … Read more

Filed under: News, Organizations

Employees at Balfour Beatty Team Together in Inaugural Ecoengaged Olympics

DALLAS, Texas—As part of a global Sustainability Awareness Month in May among all 50,000+ team members of Balfour Beatty worldwide, employees at Balfour Beatty Construction U.S. teamed together on a series of 15 daily “ecoengaged challenges” to help make an impact on the environment, while also raising awareness about the many ways sustainability helps build a better community. From carpools and water conservation days to client connection and health and wellness challenges, Balfour Beatty employees achieved impressive results. While some of the daily challenges were difficult to measure in output, the following were tangible, environmental results achieved through active employee … Read more

Filed under: News