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, […]
Los Angeles design community mobilizes to rebuild after wildfires
Los Angeles, California, August 23, 2025 News Summary After devastating wildfires that destroyed over 11,000 structures and caused at least 29 deaths, Los Angeles designers, architects and contractors organized a rapid response to support homeowners and communities. An online workspace grew to more than 350 local professionals with about 50 active contributors, producing a crowd-sourced Rebuild […]
Cloud beta lets non‑Revit users append and write custom model properties
United States, August 23, 2025 News Summary A software vendor launched a cloud GraphQL extensibility beta that allows project teams to append and write custom properties to building model elements without opening original Revit files. The feature stores external BIM data alongside element records via APIs and the cloud UI, reducing file bloat and protecting IP […]
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). […]
Lumber Acquires BuilderFax and Adds Digital Credential Wallet to AI Workforce Platform
San Francisco Bay Area, August 22, 2025 News Summary Lumber has acquired BuilderFax and integrated its digital credential wallet into Lumber’s AI-driven workforce management platform. The combined product securely stores certifications, licenses and training records, enabling craftworkers to share credentials from a digital wallet while Lumber’s AI automates credential checks across time tracking, payroll, safety and […]
Hensel Phelps expands digital construction workflows and shifts executive leadership
Greeley, Colorado, August 22, 2025 News Summary Hensel Phelps is broadening its digital-construction capabilities across projects while enacting multiple executive leadership changes. The firm has standardized a Virtual Design and Construction (VDC) program on every job, pairing BIM, drone operations, laser scanning, augmented reality, and cloud collaboration to reduce rework, improve safety, and boost field efficiency. […]
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 […]
Global Concrete Contractor Market Poised for Steady Growth
Global, August 21, 2025 News Summary The global concrete contractor market is expanding rapidly, driven by major infrastructure and urban development programs, rising housing demand and public and private investment. Valued at $209.4 billion, the market is forecast to grow significantly as contractors adopt digital tools like BIM, drones, IoT sensors and 3D concrete printing while […]