German chemical company BASF has agreed to sell its construction chemicals business to an affiliate of private equity firm Lone Star Funds in an all-cash deal worth €3.17 billion. The construction chemicals business has production sites and sales offices in 60 plus countries and in 2018 had sales revenue of around €2.5 billion. The BASF […]
US homebuilding company Lennar has officially opened Manchester Estates, a new luxury townhome community in Zionsville, Indiana having a starting price of $290,000. Manchester Estates is connected to the greater Indianapolis market through Interstates 65, 865, 465 and Highway 421, which are all said to be just minutes away. The townhome community is located near […]
National Realty Investment Advisors (NRIA) has started construction on the $49 million The Station, a luxury high-rise project in West New York, New Jersey’s business district, as per the latest construction industry news. The mixed-use project, which will open to residents in 2021, is located at 4901 Bergenline Avenue. The luxury apartment building will feature […]
Minneapolis-based Meritex has started construction on a couple of new, 120,000-square-foot, industrial buildings in the Kansas City market, as per the latest construction industry news. The new buildings will each have a clear height of 28’ to go along with eco-friendly, insulated wall panels. The development, which will also have a shared truck court, will […]
US construction company EMCOR Group has agreed to acquire Batchelor & Kimball (BKI), a full-service provider of mechanical construction and maintenance services, for an undisclosed price. Established in 1979, the Atlanta-based Batchelor & Kimball is engaged in providing commercial and industrial mechanical construction and maintenance services. The company has designed, installed, constructed and maintained the […]
Fortress Development, a US real estate developer, has broken ground on $1-plus billion worth Avenue Bellevue project in Bellevue, Washington involving the development of luxury residential, hotel, and retail spaces. Avenue Bellevue located on the corner of NE 8th Street and Bellevue Way will include two residential towers – the South Tower Estate Homes and the West […]
Private real estate investment firm Brennan Investment Group has started construction on the Colorado Logistics Park in Commerce City, Colorado on the nearly 61 acres of land bought by it in late 2018 at the intersection of East 112th Avenue & Havana Street, as per the latest construction industry news. Brennan Investment Group is engaged […]
Real estate company Wood Partners has started construction on Alta Civic Station, a new luxury residential community in Gresham, Oregon, according to the latest construction industry news. Alta Civic Station location Alta Civic Station is being built at 1699 NW Civic Drive, on the east of the Portland Metropolitan Area, having easy access to Downtown […]
Construction industry news : Texas Sterling Construction (TSC), a subsidiary of Sterling Construction has been awarded a $33 million contract from the Texas Department of Transportation for the reconstruction of an eight-mile portion of Texas State Highway 34 near Kaufman, southeast of Dallas. As per the contract, Texas Sterling Construction will reconstruct an existing two-lane […]
US homebuilder KB Home has inaugurated Countryside, its latest project of new single-family homes in Ontario Ranch, California. The new neighborhood, Countryside is in close proximity to Interstates 15 and 10, Highway 60, Metrolink stations and Ontario International Airport. According to KB Home, the Countryside project will have 52 one- and two-story homes with three […]