Construction


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SL Green CEO Marc Holiday and 420 Lexington Avenue with Scabby the Rat (Getty; Google; SL Green)

Peace prevails: SL Green, Local 79 settle dispute over protests

Shrill whistling, verbal shaming and a giant inflatable rat are now a thing of the past at SL Green’s...

Peace prevails: SL Green, Local 79 settle dispute over protests
The Northeast is driving gains in building permits and housing starts (iStock)

Northeast drives gains in building permits, housing starts

Building permits and housing starts in the U.S. jumped in September, largely driven by activity in the Northeast. Privately...

Northeast drives gains in building permits, housing starts
Housing starts and completions increased sharply in September 2020 in response to fierce demand to buy homes. (iStock)

Housing starts jump as homebuilder confidence rises

The number of homes under construction surged across the U.S. last month as homebuilder confidence kept rising. In September,...

Housing starts jump as homebuilder confidence rises
Pandemic may wipe out $16B in construction spending: report

Pandemic may wipe out $16B in construction spending: report

The pandemic has shaved $16 billion off projected construction spending in 2020 and 2021, according to a new report....

Pandemic may wipe out $16B in construction spending: report
Urban Umbrella CEO Ben Krall and renderings of the startup's scaffolding (Photos via Urban Umbrella)

Urban Umbrella raises $9M for better-looking scaffolding

Urban Umbrella, a startup that makes elegant steel scaffolding, has secured $9 million in new funding to beautify construction...

Urban Umbrella raises $9M for better-looking scaffolding
120 Park Avenue (Google Maps)

Ex-Turner Construction exec cops to bribery charge

Another former Turner Construction executive has pleaded guilty in a bribery scheme that allegedly siphoned more than $15 million...

Ex-Turner Construction exec cops to bribery charge
Leisure and hospitality led September job gains, but the last employment report before the presidential election shows slowing economy overall (Getty)

Leisure and hospitality gain 318K jobs in September as economic growth lags

The leisure and hospitality industry led employment gains in September with 318,000 jobs added to the economy, trouncing the...

Leisure and hospitality gain 318K jobs in September as economic growth lags
US construction spending is up $37.8 billion year-to-date compared to 2019 (iStock)

Housing demand sent construction spending up in August

Spending on construction, particularly in the housing sector, plowed ahead in August. Money flowing into construction projects ticked up...

Housing demand sent construction spending up in August
Timothy Fazio with Central Park Tower, One Vanderbilt and Walt Disney Concert Hall (UPenn, Wikipedia)

PE firm bets on curtain wall maker behind One Vanderbilt, Central Park Tower

Despite the ongoing uncertainty surrounding office space demand, a Connecticut-based private equity firm is betting on a company that...

PE firm bets on curtain wall maker behind One Vanderbilt, Central Park Tower
A former Bloomberg construction director pleads guilty to tax fraud after accepting bribes for employment (iStock)

Bloomberg construction director pleads guilty to tax fraud

Bribes are taxable income, as a former Bloomberg construction director was reminded when he pleaded guilty to tax fraud...

Bloomberg construction director pleads guilty to tax fraud

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