Chicago’s top 5 general contractor firms were approved to build over 9 million square feet of new development (Credit: iStock) Two of Chicago’s leading developers and contractors teamed up in late April to break ground on one of the city’s biggest projects. Executives from JDL Development and Power Construction joined local officials and industry insiders […]
General contractors are suffering under Trump’s new tariffs on Chinese goods
The trade war has created an uncertain environment for construction. (Credit: iStock and Getty Images) Anthony Rinaldi has learned first-hand what President Donald Trump’s trade war with China can mean for business. One of his eponymous firm’s current projects, backed by a Chinese-government-owned company, has recently stalled. He’s unsure when, or if, it will get […]
A wave of venture capital is pouring into construction tech sector
An office built in a shipping container Investment in the sector totaled $6.1 billion last year, nearly double what was invested in 2017 and a 1,632 percent increase from the $352.1 million invested in 2016, according to the Wall Street Journal. So far this year, around $4.3 billion has been invested in construction tech, putting […]
U.S.-China trade war escalation leaves real estate in the dark
Some in the industry say the situation with China has been up in the air for some time now (Credit: iStock) The ongoing trade war between the U.S. and China took a turn for the worse Friday, when the White House more than doubled tariffs on $200 billion worth of Chinese goods. Amid faltering negotiations, […]
The top construction firms working in Los Angeles
As the National Football League’s Los Angeles Rams flew home from Atlanta in their chartered United Airlines jet, defeated by the New England Patriots at the Super Bowl, teammates glimpsed their future from the airplane window — the first new football stadium built in the City of Angels since the 1920s. The Los Angeles Stadium […]
French billionaires Arnault and Pinault pledge 300M euros to rebuild Notre-Dame
Bernard Arnault and François-Henri Pinault and the Notre-Dame Cathedral (Credit: Getty Images) A pair of French billionaires are among those who are pledging hundreds of millions of euros to rebuild the fire-ravaged Notre-Dame Cathedral in Paris. Bernard Arnault, chairman and chief executive of LVMH Moët Hennessy Louis Vuitton SE – a major investor in Miami’s […]