650K SF Seaport Circle Life Sciences Project Adds to Booming Boston Waterfront

 

Seaport Circle, a 1.9 acre newly approved biotech project in Boston's Seaport District, is set to include 650K SF of labs and offices, as well as a stop on the Silver Line and a standalone 15K SF training and workforce development center, the 13-story tower will also include retail space.

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Allston, Somerville Lab Projects Get $1.1B in Financing

 

A pair of new life science campuses in Allston and Somerville being developed on speculation received nearly $1.1 billion in construction financing.

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Fed Fights Inflation with Another Big Rate Increase

 

The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday, continuing its aggressive campaign to cool rapid inflation even as the economy begins to slow.


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Dodge’s New Quarterly Report Shows Continued Construction Momentum Amid Ongoing Global Uncertainties

 

Commercial construction experienced continued growth in Q2 of 2022 despite mounting economic uncertainty, according to a new quarterly report from Dodge Construction Network released this week. 


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Embracing technology critical for construction industry’s success: report

 

Construction companies must embrace change and leverage new technologies and tools such as big data collection and analysis, machine learning and trend analysis, and digital twin modelling if they hope to remain competitive, says Jordan Thomson, a professional engineer and senior manager at KPMG.


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Multifamily Construction Stays Strong

 

Economic conditions are taking a toll on new building starts, though multifamily construction in the U.S. remained strong. According to data from the U.S. Department of Commerce, multifamily construction rose by 15% in June over the month before, and it was up 16.4% compared to a year prior.


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Cemex increases first-half 2022 sales as cement volumes drop


Cemex’s cement sales volumes rose by 4% in the US year-on-year in the first half 2022. Globally the firm sold 32.1Mt of cement, down by 4% from 33.6Mt.



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What’s inside the Massachusetts State Senate’s $4.57 billion economic development bill

 

The Massachusetts legislature has advanced a $4.57 billion economic development bill for the fiscal 2023 budget. The bill includes money for a range of projects and initiatives, much of them related to relieving the impact of the COVID-19 pandemic and upgrading the state's infrastructure to combat climate change.

 

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What to know about the climate bill on Gov. Baker’s desk

 

The Massachusetts Legislature got a robust climate bill to Gov. Charlie Baker last week, and if it’s passed, it will have a big impact on construction and climate and clean energy policy in the state.


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Senate Passes $280 Billion Industrial Policy Bill to Counter China

 

The bipartisan vote reflected a rare consensus in the otherwise polarized Congress in favor of investing federal resources into a broad industrial policy to counter China.


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Sky-High Diesel Prices Squeeze Truckers, Construction


Diesel fuel was averaging $5.52 a gallon nationally on July 20 – up a scorching 68 percent from a year ago, when it was selling for just $3.28. By comparison, a gallon of regular gasoline is averaging $4.50, up 42 percent from a year ago.


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Across the U.S., A Surge Toward Electrification


A smart, sustainable, and sudden shift is helping the country's buildings go electric. Data on transformative technologies such as electrification and smart grid systems shows they have undergone an unprecedented shift from cutting-edge to commonplace.


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The COVID-19 Change Order


During the pandemic it has become common for contractors to submit change orders to owners seeking reimbursement for COVID-19 related expenses and costs. These “COVID-19 Change Orders” seek reimbursement for everything from masks, dividers, hand sanitizer and other items required to follow and implement guidelines.


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ABOUT BTEA NORTHEAST

The Building Trades Employers’ Association Northeast is the leading voice for the union building trades contractor throughout the New England region. The BTEA encompasses seven different area trade associations that employ tradespeople from several different local building trades unions. 


WWW.BTEA.COM Building Trades Employers’ Association - BTEA
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