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The ‘bonus’ tax deduction in the Inflation Reduction Act for construction firms

Aug 25, 2022 (0) comment , , ,

Affordable excess liability insurance coverage for small businesses and contractors.

Brief: While most of the tax deductions and incentives to build climate-friendly structures in the Inflation Reduction Act go to building owners, one area can significantly benefit contractors as well, a construction tax expert said. Phillip Ross, leader of the construction industry group at New York City-based accounting advisory firm Anchin, detailed how contractors can […]

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Tech giants plan to spend billions to construct new plants, data centers

Jul 28, 2022 (0) comment , , ,

Clients like Samsung, Panasonic and Google eye massive U.S. projects in coming years. Samsung, the South Korea-based electronics company, has begun applications for tax breaks on 11 potential chip plants worth about $191 billion in Texas. Chung Sung-Jun / Staff via Getty Images  Tech companies are influencing a boom in different types of construction, namely […]

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Earth Day groundbreaking for world’s largest wildlife crossing

Apr 28, 2022 (0) comment , , ,

Brief: Endangered big cats and other animals will soon get a way to safely traverse a 10-lane Los Angeles-area highway. A new wildlife crossing broke ground on Earth Day, April 22, according to the National Wildlife Federation, and will be the largest of its kind in the world. The Wallis Annenberg Wildlife Crossing is a […]

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America’s Most Expensive House has $295 million asking price

Feb 24, 2022 (0) comment , , ,

One of the world’s most expensive homes, appropriately named “The One,” has recently hit the market at $295 million. Once projected to list for as much as $500 million, construction ran several years late causing severe financial issues for the developer. If The One sells anywhere near the $295 million ask, it would be the […]

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Sector watch: Spurred by a pandemic boom, life sciences construction projected to climb even higher in 2022

Jan 27, 2022 (0) comment , , , , ,

The growth involves the repurposing of older facilities as well as the creation of new ones in cities such as Boston, San Francisco and Washington, D.C. Permission granted by Snowflake Markets across the country will see a surge in laboratory construction in 2022, with certain areas capturing a majority of activity, according to industry sources. […]

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The top 10 home building companies of 2021

Oct 14, 2021 (0) comment , , ,

Residential construction is booming. Here is where it’s the hottest and which contractors are cashing in the most. Justin Sullivan via Getty Images Despite unprecedented labor and construction materials shortages, business is booming for home builders across the country. Over the past 2 years, residential construction permits increased 36% nationally and the average value of […]

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4 Mindset Shifts Creative Entrepreneurs Can Learn From Richard Branson

Aug 05, 2021 (0) comment , , ,

The high school dropout turned successful serial entrepreneur has undoubtedly left his mark on this world. Richard Branson has proven that anything is possible with the power of a strong mindset. With more than 300 businesses under his belt, Branson teaches creative entrepreneurs to take action with passion without overthinking it. The phrase “creative entrepreneur” far […]

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6 multifamily building failures and the changes they produced

Jul 15, 2021 (0) comment , , , ,

Past building disasters have led to enhanced codes and safety improvements for the construction of condos, hotels and other residential structures. As rescuers sift through the debris of the partial collapse of the Champlain Towers South building in Surfside, Florida, officials were hoping to find more survivors but now, they have shifted gears to finding […]

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Boring Co. proposal for 4-mile California loop advances

Feb 11, 2021 (0) comment , , ,

Brief: The Boring Co.’s next project is moving forward, as the Elon Musk-owned company begins negotiations with the San Bernardino County Transportation Authority to tunnel a 4-mile transit loop from the Metrolink train station in Rancho Cucamonga, California, to nearby Ontario International Airport, the Daily Bulletin reported. The SBCTA unanimously voted in favor of the […]

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New California Law Removes Restrictions to Residential Development

Feb 04, 2021 (0) comment , , ,

AB 3182 will help encourage the creation of residential development in older urban areas and master planned communities. California law AB 3182 is poised to help fuel residential development in the state. The law removes several barriers to construction to help encourage more residential construction, particularly in older urban markets and master planned communities, by […]

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