Sign In
Free Newsletter
The Branch Group names new CEO
The Branch Group Inc. announced Monday that Donald “Don” Graul will take over as CEO of the Roanoke-based construction company on Dec. 14. With 38 years of industry experience, Graul most recently served as president of construction and connected communities for Centreville-based Parsons Corp. Graul held several roles at Parsons, including executive vice president of […]
W.M. Jordan exec joins National Academy of Construction
The Austin, Texas-based National Academy of Construction (NAC) on Thursday elected John R. Lawson II, executive chairman of Newport News-based W.M. Jordan Co., as a member of its 2020 class. Lawson in 2018 stepped down as president and CEO after 32 years leading W.M. Jordan, which his father founded in 1958. During his tenure, the […]
Construction industry recovered 84K jobs in October
While the pandemic surges on, the construction industry added 84,000 net new jobs in October, the Associated Builders and Contractors (ABC) announced Friday. During the past six months, the industry has added 789,000 jobs, recovering 73% of jobs lost during the pandemic. “It’s hard not to stand up and applaud the U.S. economy’s ability to […]
The big dig commences
Crews broke ground Thursday on the $3.8 billion Hampton Roads Bridge-Tunnel (HRBT) expansion — the largest project in the Virginia Department of Transportation’s history and one of the largest infrastructure projects in the nation. Virginia Gov. Ralph Northam joined state and local leaders in a groundbreaking ceremony Thursday morning, marking the commencement of the project. […[...]
Danville Utilities completes 14MW solar project
Danville Utilities, in partnership with Edison, New Jersey-based CS Energy LLC, Hingham, Massachusetts-based Navisun LLC and Denver-based TurningPoint Energy, announced Tuesday it has completed a 14-megawatt utility-scale solar project in Danville — the city’s largest solar development to date. The 100-acre project, which began construction in December 2019, is estimated to generate 23,551[...]
Hourigan names CFO, general counsel
Richmond-based commercial construction and development firm Hourigan announced Friday it has hired David Ryan as chief financial officer and Kelley Holland as general counsel. Ryan most recently served as vice president for corporate strategy and investor relations at chemical company Albemarle Corp. With nearly 30 years of experience, he has also served in leadership roles […]
VDOT OKs work to begin on $3.8B Hampton Roads Bridge-Tunnel expansion
The Virginia Department of Transportation has issued its approval for the Hampton Roads Bridge-Tunnel’s five-year, $3.8 billion expansion to proceed, VDOT announced Thursday. Hampton Roads Connector Partners (HRCP) received a notice to proceed for the project, allowing the builder to start interstate and tunnel work in the 9.9-mile corridor. Some preparations have started for the […]
U.S. nonresidential construction spending fell in July
National nonresidential construction spending fell again in July by 1.2%, according to an Associated Builders and Contractors analysis of data published Tuesday by the U.S. Census Bureau. And ABC Chief Economist Anirban Basu says next year is shaping up to be an especially harsh one for contractors. Spending totaled $809.1 billion for the month of […]
Real Estate
J. SCOTT ADAMS PRESIDENT, VIRGINIA, COLLIERS INTERNATIONAL LLC, NORFOLK A nearly 30-year veteran in the real estate industry, Adams, who joined Colliers in January 2019, oversees the company’s Central and Southeast Virginia teams and, starting this fall, the Raleigh market. Last year, Colliers Virginia, which employs more than 350 people, reported $54.5 million in revenue. […]
Construction backlog declines in July
The Associated Builders and Contractors (ABC) national trade association announced Tuesday its Construction Backlog Indicator (CBI) declined to 7.8 months in July, a decrease of 0.3 months from June — which, in turn, has decreased contractor optimism. The CBI is a forward-looking national economic indicator that shows work construction companies are contracted to do in […]
Construction continues to struggle during pandemic
The nonresidential construction industry lost 4,000 jobs in July, as compared to June, the Associated Builders and Contractors (ABC) announced Friday. The construction industry as a whole, however, has added 639,000 jobs during the past three months — recovering approximately 59% of the jobs lost during the pandemic. “For several weeks, contractors have noted an […]
Construction investments shrank by roughly 30% last quarter
While the U.S. domestic gross product in the second quarter dropped to its lowest point since 1947, nonresidential and residential fixed investment contracted by 27% and 38.7%, respectively, the Associated Builders and Contractors (ABC) reported Thursday. “Despite construction‘s status as an essential industry in most cities and states, the sector did not escape the wrath […]
