Category Archives: Business News

Dodge Momentum Index Unchanged in May

The Dodge Momentum Index held steady at 122.3 (2000=100) in May, according to Dodge Data & Analytics. The Momentum Index is a monthly measure of … Continue Reading

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China’s Fosun to Build Condo Tower in New York

Excerpt from an article from Forbes.com: Fosun Property, the real estate investment arm of conglomerate Fosun International , announced in April it had acquired a piece of land on New York’s Madison Avenue and plans to build an over 200-meter high luxury residential tower at the site. Fosun, controlled by billionaire Guo Guangchang with $9.5 billion net worth today, is the licensing partner for Forbes China. Continue Reading

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10 Injured After AC Unit Falls from Crane in Midtown Manhattan

Excerpt from an article from ABC News: A large load fell from a crane on a 30-story New York City building this morning, injuring 10 people on the street below, officials said. Continue Reading

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Construction Employment Increases in Many Metro Areas

Construction employment expanded in 232 metropolitan areas, declined in 66 and was stagnant in 60 between April 2014 and April 2015, according to an analysis of federal employment data by the Associated General Contractors of America. Continue Reading

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Nonresidential Construction Spending Spikes in April

Nonresidential construction spending expanded 3.2 percent on a monthly basis in April and totaled $646.7 billion on a seasonally adjusted, annualized basis, according to the Associated Builders and Contractors’ analysis of Census Bureau data. Spending in the nonresidential sector construction is up by 8.8 percent over the past year. Continue Reading

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Google Plans Another Glass Dome in Race for Mountain View Space

Excerpt from an article at BizJournals.com: Google Inc. is going to get to build at least one futuristic, glass-domed office project in Mountain View. Continue Reading

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U.S. Construction Spending Up 2.2 Percent in April

Excerpt from an article on Yahoo.com: U.S. construction spending climbed in April to the highest level in more than six years, fueled by healthy gains in housing, government spending and non-residential construction. Continue Reading

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Uber Is Building a Giant Glass Campus to Prove it Has Nothing to Hide

Excerpt from an article from FastDesign.com: Uber, the irresistibly convenient car service that’s notorious for dubious privacy, legal, and hiring practices, is building a new campus in San Francisco’s Mission Bay district. And in a somewhat ironic spin, its 423,000 square feet of office space feature glass walls engineered with what the architects call “maximum transparency” to blur the distinction between public and private. Continue Reading

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Developers Proposing $4 Billion Boston Garage Makeover

Excerpt of an article from the Boston Globe: Call it downtown Boston’s $4 billion garage makeover. That’s how much developers propose to spend redeveloping parking structures from North Station to Winthrop Square. They want to replace the hulking concrete eyesores with sleek new skyscrapers featuring ground-floor stores, hundreds of homes, office space, and new connections between city neighborhoods. Continue Reading

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Skyplex Project to Create 73 Percent More Jobs Than Expected

Excerpt of an article from ENR Southeast: International Drive’s Skyplex project is bumping up its job estimates again as it continues to grow in size. Continue Reading

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