Contra Costa Water District plans $1 billion canal replacement
Contra Costa County, California, August 24, 2025 News Summary The Contra Costa Water District is advancing a major canal replacement program to convert roughly 20 miles of its main open canal into buried pipeline, part of a broader effort to reduce water loss, improve safety and boost drinking water quality. The work is tied to an […]
Bay Area construction faces rising costs, tighter permitting and faster tech adoption
Bay Area, August 24, 2025 News Summary The Bay Area building industry is under pressure from rising wages, new material tariffs, tighter permitting and a shrinking labor pool. Firms are responding by accelerating digital adoption—using BIM, analytics and cloud document platforms—and increasing prefabrication to reduce onsite risk and rework. Large projects face complex approval layers and […]
West Palm Beach development roundup: major hotel loans, new district and resort opening
West Palm Beach, Florida, August 23, 2025 News Summary Three major hospitality moves are reshaping West Palm Beach: Mr. C Hotel & Residences broke ground after securing a $285 million construction loan for a 146-residence, 110-suite mixed-use tower; a New York–based operator is advancing a 201-room Nora Hotel inside the planned Nora District, a roughly 40-acre, […]
Township Approves 10-Year TIF to Advance 48-Unit Housing Project
Marquette Township, August 23, 2025 News Summary At a special meeting the Marquette Township Board approved a 10-year Tax Increment Financing plan to support a proposed 48-unit housing development, moving the project closer to construction. The parcel is expected to transfer to a local homebuilder pending closing paperwork, and construction could occur over the next two […]
Indiana State University names construction management department after $1.4 million gift
Terre Haute, Indiana, August 23, 2025 News Summary Indiana State University approved naming its construction management program the Thompson Thrift Department of Construction Management following a $1.4 million gift. The donor also pledged $1.3 million to fund paid summer internships over 15 years. The funding establishes a named classroom, a departmental program fund for experiential learning, […]
Procore Shares Rise 5.4% as Market Rally Follows Fed Rate-cut Signals
United States, August 23, 2025 News Summary Procore Technologies (PCOR) climbed 5.4% in afternoon trading amid a broad market rally driven by signals that interest rate cuts may be coming. The S&P 500 and Nasdaq each rose more than 1.3%, lifting many technology and growth names alongside Procore. The move reflected macro sentiment rather than company-specific […]
Starian secures R$640 million from General Atlantic to scale vertical SaaS
Florianópolis, August 23, 2025 News Summary Starian announced a R$640 million investment from General Atlantic to accelerate growth, fund acquisitions and expand product offerings after its carve-out from Softplan. The capital will support organic expansion, targeted M&A and deeper customer integrations across core verticals — construction (Sienge), legal intelligence (Projuris) and operational efficiency (Checklist Fácil, Runrun.it). […]
Modular construction ramps up as integrated firms earn higher margins
Global, August 22, 2025 News Summary A broad study of the modular construction sector covering 700+ companies across 50+ countries finds rapid expansion and clear profit patterns. Companies that combine factory manufacturing with on‑site assembly report substantially higher EBITDA than manufacturers-only players. Modular methods reduce on‑site labor, shorten schedules, and cut waste when systems and logistics […]
Skanska wins $435M Florida PPP to build new hospital campus
Lee County, Florida, August 22, 2025 News Summary Skanska has been awarded a roughly $435 million public-private partnership to deliver a 560,000-square-foot hospital and medical office complex in Florida. The project includes a five-story hospital and an adjacent medical office building, central energy plant, ambulatory surgery center and expanded emergency capacity. Skanska plans to use Integrated […]
72,000‑sq‑ft fieldhouse set to begin site work west of Wolf Pack Park
West of Wolf Pack Park (university campus), August 21, 2025 News Summary Final financing closed and a groundbreaking ceremony marked the start of site work for a new 72,000‑square‑foot fieldhouse west of Wolf Pack Park. Ceremonial bulldozers, students, athletes and campus leaders attended as organizers said fences will be installed and dirt‑moving will begin shortly. The […]