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California approves $3.2B bond for Virgin’s $4.8B bullet train to Las Vegas

Nov 07, 2019 (0) comment ,

Brief: The California Infrastructure and Economic Development Bank (IBank) has authorized a $3.2 billion tax-exempt, fixed-rate revenue bond issuance to help DesertXpress Enterprises LLC, an affiliate of Virgin Trains USA, build a high-speed train from Victorville, California, to Las Vegas. The new XpressWest service, at speeds of up to 180 miles per hour, will take […]

Construction Company Caterpillar Wants To Mine the Moon

Oct 31, 2019 (0) comment , ,

What would it take for Earth’s autonomous mining technology to reach outer space? Construction giant Caterpillar hopes to one day bring its autonomous mining technology to one of the universe’s most sought after mining locations: the moon. Technology used in autonomous and remotely operated mining equipment in use today could someday harvest precious elements from […]

Los Angeles development booming

Oct 24, 2019 (0) comment , , ,

Downtown Los Angeles (DTLA) is in the midst of a building boom. With residential, commercial, retail, office space underway, developers are meeting strong demand for an urban live-work-play lifestyle in the city. At the end of 2018, there were almost 3 million square feet of office space under construction in downtown Los Angeles, according to the […]

Newsom Signs New Law to Speed Housing Construction Across California

Oct 16, 2019 (0) comment , , ,

Construction workers are seen on the site of a new building in Los Angeles, California on Oct. 8, 2019. (Credit: Frederic J. Brown /AFP via Getty Images) A new California law aims to stop communities from delaying construction of new housing projects. It’s one of 18 housing bills signed Wednesday by Gov. Gavin Newsom. California […]

Mega billions: a look at some of the biggest US construction projects underway

Oct 10, 2019 (0) comment , ,

Many in the construction industry consider a project that costs $1 billion or more a megaproject. However, there are a number of U.S. developments underway that make $1 billion seem like small change. And not all of them are massive energy or public works projects. Private money is also driving behemoths. Here are five of the […]

Independent contractors now a question mark in California after employment bill passes

Sep 26, 2019 (0) comment , , ,

Builder's Risk Insurance

Brief: California Gov. Gavin Newsom signed Assembly Bill 5 into law this week. As part of a signing message, Newsom said that the new regulation would help reduce instances of worker misclassification as independent contractors, “which erodes basic worker protections like the minimum wage, paid sick days and health insurance benefits.” The new law goes into effect […]

Tech entrepreneur paid $9.5 million for a teardown and built this $35 million Laguna Beach mansion

Sep 18, 2019 (0) comment , , ,

Perched high above the Pacific Ocean, in Southern California’s exclusive Laguna Beach community, is a cliff-side compound that’s on the market for $35 million. (Click here to see the video of this amazing home.) But it didn’t always look like this. “Originally it was a cottage, almost like a shack in disrepair,” explains homeowner and […]

Related’s $8B Bay Area project near stadium to start in 2020

Sep 12, 2019 (0) comment , , ,

Brief: Developer Related Cos. will start vertical construction next year on the 240-acre, 9.2 million-square-foot Related Santa Clara project next to Levi’s Stadium, home of the NFL’s San Francisco 49ers, in Santa Clara, California. Related’s investment in the mixed-use project, formerly known as CityPlace Santa Clara, is estimated at $8 billion, according to the San Francisco […]

Engineers approve $100M retrofit for San Francisco’s ‘sinking’ Millennium Tower

Sep 05, 2019 (0) comment , ,

Brief: A four-expert panel selected to review a $100 million foundation retrofit for the leaning and sinking Millennium Tower luxury condo building in San Francisco have given the plan their approval. In a letter to the City and County of San Francisco Department of Building Inspections, which hired the four professional engineers, Gregory G. Deierlein, Shahriar […]

LafargeHolcim launches CO2-reducing cement business

Aug 15, 2019 (0) comment , , ,

Brief: LafargeHolcim and Solidia Technologies announced this week that they have launched a new business in the U.S. that will supply customers with reduced CO2 cement to be used in the production of precast concrete. The first customer will be the Wrightstown, New Jersey, plant of EP Henry, a national concrete products supplier that participated in […]

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