A startup construction firm, Katerra, has building projects in the works all over Northern California, but it has remained quiet until now about its unusual high-tech methods and its backing from finance, real estate, and technology heavyweights. Katerra, a two-year-old company that says its technology platform brings the efficiency of electronics manufacturing to construction projects, announced Thursday it raised $130 …
Lien System Necessary but Susceptible to Abuse, Experts Say
It may take a village to raise a building, but it takes only one disgruntled subcontractor to ensnare a project in a legal tug-of-war. For One57, the 75-story luxury condo tower on Billionaires’ Row, fire sprinklers are at the heart of an ongoing dispute with the developer and project’s general contractor. Federated Fire Protection Systems, which does plumbing, heating and …
Hawaii, Surety Work to Complete Wastewater-treatment Project
The contractor in charge of a project to provide aeration pump upgrades and sludge removal at the Kealakehe Wastewater Treatment Plant has defaulted, and dredging of the facility’s sludge ponds has come to a temporary halt, according to the Department of Environmental Management (DEM). Tell me more >>>
Sales Increase as Prices Plateau in the DC Area New Condo Market
With demand for housing high in the DC area and a constrained supply, one may assume that the price of a new condo is climbing. However, a recent report by Delta Associates shows that while more new condos were sold in the first quarter of 2017 than during the same period last year, prices have flattened regionwide. Read the full …
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