Sebastian Obando

Agilent Technologies, a Santa Clara, California-based biotechnology research company, has selected New York City-based Turner Construction Company to build its $725 million manufacturing facility expansion in Frederick, Colorado, a…https://t.co/jxQL9dpxIF https://t.co/y3sD4UX9BS

New Jersey @GovMurphy announced the availability of $350 million for school construction projects throughout the state. This type of government spending in 2023 should continue to hold up institutional activity this year. https://t.co/qyvlpL61KX

Tech firm @intel hit cancel on a $700M lab amid a chip demand drop. That follows other tech giants' moves, such as Meta & Google, to also halt data center projects. But @PCLConstruction doesn't expect a tech slowdown to dent data center construction. https://t.co/lj8EM0lC5J

Tesla plans a $776M expansion to its electric vehicle factory in Austin, TX, per filings w/ @tdlrlicense. Manufacturing starts, like EV plants, remain one of the few bright spots in commercial construction, said Richard Branch, @DodgeData chief economist. https://t.co/CbrgW7DSKT

Nonresidential construction starts tumbled 25% in Nov., according to a @DodgeData report. “Next year will be a challenge, but nothing like what the sector faced during the Great Recession,” said Richard Branch, chief economist at Dodge. https://t.co/aPd1PTFUXy

"[Jacobs Solutions'] backlog was lackluster in what's typically a strong bookings quarter," said Andrew Wittmann, senior research analyst with @rwbaird. "[Report was] not the kind of quarter that gets investors excited." $J https://t.co/nDUSPshtK0

National industrial construction pipeline increased to an all-time high, according to a @Newmark report. But pace of absorption decelerated at the quickest rate since Q3 2021 https://t.co/NMDxB0g0Xs

RT @constructdive: Construction claims can be difficult to deal with. Here are their top 10 causes. https://t.co/pXu6EALKDj

“Before you get your building permits, you’re going to have to hire an exterminator,” said @ebottcher during a NYC council meeting yesterday. “It’s common sense.” @bdgcongress supports the Rat Action Plan, new laws with a direct impact on NYC contractors https://t.co/2sm55hMSi0

Immigration is the top policy concern, per @Littler. Any reform aids construction, said @MorgantiGroup Stephen Sines. But it will likely go unaddressed, said @ABCGovAffairs Kristen Swearingen. Few [politicians] acting on this, said @AGCofA Brian Turmail. https://t.co/XalAJRxRXX

Office valuations in New York City are forecasted to decline by as much as 39% by 2029 due to remote work trends, according to research from @arpitrage, @VrindaMittal2 & @SVNieuwerburgh. https://t.co/YSP8JCOUl7

Infrastructure expansion, like the @LIRR, is a big tailwind for @JacobsConnects’ long-term growth, despite muted guidance from $J latest earnings call, said Matt Arnold, industrial analyst w/ @EdwardJones. https://t.co/R746mHC8N7

High costs of financing and construction services cause nonresidential construction spending to fall 0.4% in August, according to @ABCNational. But ABC chief economist @SageAnirban said many contractors still remain in expansion mode. https://t.co/Lbphj1EZLx

RT @UrbanEngineers: The U.S. Department of Commerce released its road map for how it will spend the lion’s share of the $52 billion CHIPS A…

RT @ebglaw: Health care construction tends to stay in demand, even in down cycles. Attorney Christopher Dunn comments in a @ConstructDive a…

The @CommerceGov released its plans for how #CHIPSAct money will be spent. But Davis-Bacon requirements could limit ability of otherwise qualified small businesses from participating in these projects, said Peter Comstock, senior director at @AGCofA. https://t.co/bRWf2xXBZ5

Healthcare projects move forward despite costs, said Chris Hopper, exec VP @SkanskaUSA. Lead times add to problem too, said Eric Peabody, principal @TaylorTalk Activity was 2nd highest in Q2, per @PSMJ_Resources. @Messerwearebldg reports strong pipeline https://t.co/yBqwwCi3be