Minneapolis, MN — Mortenson Construction today released findings from three industry studies covering the areas of healthcare, design-build, and wind energy. The studies incorporate feedback from architecture, engineering, construction, development, and owner organization professionals in order to identify the challenges and opportunities facing these key market segments. “We are excited to provide our findings to customers and business partners in the hope that it brings a deeper level of understanding regarding industry trends,” said Steve Pekala, manager of market intelligence at Mortenson. “While challenging conditions have impacted each of the segments we studied, respondents expressed optimism that 2011 will bring … Read more

SYLMAR, Calif. — Tutor Perini Corporation, a leading civil and building construction company announced that it has completed the acquisition of Fisk Electric Company, a privately held electrical construction company, with fiscal year 2010 revenues of approximately $305 million and a backlog of $190 million. Under the terms of the transaction, Tutor Perini acquired 100% of Fisk’s stock for $105 million in cash plus an amount to be determined based upon Fisk's operating results for 2011-2013. Tutor-Perini stated that the transaction will be financed using proceeds from the bond transaction closed in October 2010. Fisk is based in Houston and … Read more

National Construction Company Joins with Reputable California-based Construction Firm; Combined Entity Strengthens West Coast Foothold and Expands Opportunities for Future Growth BOSTON & SAN DIEGO & IRVINE, Calif.— Suffolk Construction Company, Inc., one of the top ten privately held construction firms in the nation, announced that it will acquire ROEL Construction of San Diego, California. ROEL, a family-owned firm with over 90 years of experience in the construction industry, has a strong track record and business and community ties in San Diego and Irvine, California. “I have been impressed with ROEL and its longstanding history of quality work, client service, … Read more

Eco-Friendly Office Space Awarded Highest “Green” Honor CHICAGO — McGuire Engineers today announced that its office space was officially awarded LEED Platinum Status, the highest designation awarded by the U.S. Green Building Council.   Recently completed this past summer, the office was designed to showcase a wide variety of ideas that an average office can implement to lessen its carbon footprint and create a healthier, more productive environment for employees.   Everything from the paint to the flooring was carefully selected including sustainable, re-used, and recycled materials, efficient lighting fixtures and controls to monitor and adjust energy usage. A virtual … Read more