Cedar Rapids School District Reveals New School Designs
News Summary The Cedar Rapids Community School District is advancing plans for new Hoover and Van Buren elementary schools, with construction slated to start in fall 2027. A board meeting will present architectural designs and details about the $30 million budget sourced from the SAVE Fund. Additionally, a $117 million bond measure is set to […]
Procore Technologies Reports Strong Q2 Financial Results
News Summary Procore Technologies has revealed impressive financial results for the second quarter, reporting a 14% revenue increase to $323.9 million. Despite a decline in non-GAAP operating margin, the company has focused on significant investments in R&D and customer retention, adding 195 new customers. Procore’s efforts in strategic acquisitions and achieving cloud security compliance are […]
Revolutionizing Fiber Optic Deployments with Innovative Strategies
News Summary As demand for high-speed internet surges, the fiber optic market is set to expand significantly. Stakeholders are seeking innovative tools and methodologies to tackle construction challenges, including urban utility conflicts and labor shortages. Technologies like Geographic Information Systems (GIS) and Asset Digital Twin are becoming essential for efficient network buildouts. Furthermore, there is […]
AI-Enabled Robotic Microfactories Revolutionizing Housing Reconstruction
News Summary ABB Robotics and Cosmic Buildings have launched a partnership to use mobile robotic microfactories for on-site modular home construction in Southern California. This initiative aims to address the housing crisis following devastating wildfires by providing sustainable and efficient homes. With advanced technology, including AI and robotics, these microfactories significantly reduce construction time and […]
New Self-Storage Facilities and Commercial Developments in Southwest Florida
News Summary A significant wave of construction is transforming Southwest Florida’s commercial and residential sectors, highlighted by new self-storage facilities and an array of mixed-use developments. Key projects include a 934-unit self-storage facility set for Naples and a substantial $30 million mixed-use project in Hillsborough County, among other notable expansions. This growth reflects the region’s […]
Construction Topped Off for Mixed-Use Development 57 Main
News Summary Procopio Companies has completed the structural framework for 57 Main in Marlborough, a six-story mixed-use development featuring 99 residential units and retail space. Scheduled to open in April 2026, 57 Main aims to meet the growing housing demand in the area while promoting community engagement through its landscaped courtyard adjacent to Union Park. […]
Clarke Inc. Executes $250 Million Refinancing and Asset Strategy
News Summary Clarke Inc. has implemented a $250 million refinancing and asset repurposing strategy to enhance financial flexibility. This initiative focuses on restructuring debt, including $115 million in term loans and $135 million in construction financing. By converting a hospitality asset to residential use, Clarke aims to improve liquidity and lower interest costs, thus securing […]
Victor Hernandez Promoted to Assistant Project Manager
News Summary Victor Hernandez has been promoted to assistant project manager for Skanska on the $9.5 billion Westside Purple Line Extension in Los Angeles. With over a decade of experience, Hernandez began his career in Skanska’s training program and has since contributed significantly to the D Line project, overseeing construction of underground stations and emphasizing […]
Construction Industry Leaders to Gather in Nashville
News Summary The Advancing Construction Quality 2025 Conference will convene over 500 leaders in Nashville to tackle challenges in the construction sector. Set for October, the event will focus on quality management, collaboration, and innovative strategies amidst rising project complexities and market demands. Participants will gain insights into effective quality tools and processes essential for […]
INNOVATE Corp. Reports Q1 Earnings and Stock Surge
News Summary INNOVATE Corp. recently released its first-quarter earnings, showing a loss of $1.67 per share despite generating $242 million in revenue. Following the announcement, the stock saw a notable rise, climbing $0.61 to reach $5.16. The trading volume surged to 63,002 shares, reflecting heightened investor interest. Analysts have given a ‘Hold’ recommendation amidst varied […]