Construction Industry News Archives

Construction Backlog Indicator Shows Overall Dip

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Construction Industry News on Sep 24, 2016.

The Construction Backlog Indicator, or CBI, is a tool that measures backlog as an indicator of the health of the construction industry. The CBI is presently offering mixed signals to the market. While multi-national and large construction firms are showing the largest backlogs in history, this seems to correspond with a decrease in backlog for medium sized and small contractors.

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Bucks County Contractor Sentenced to Jail for Fraud

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Construction Industry News on Sep 20, 2016.

A plethora of laws have been passed in recent years attempting to put more strict regulation on the construction industry – particularly residential construction – as it relates to payment and fraud. While there are voices on both sides of the debate as it relates to whether the laws are necessary and reasonable, there should be little doubt that the repercussions for failing to heed the recent trend are potentially serious.

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Football Season Is Upon Us: Will Temple Have Its Own Stadium?

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Construction Industry News on Sep 8, 2016.

One of the surest signs that fall has arrived is the start of the college football season. In a town that adores its pro team, the Philadelphia Eagles, college football is gaining a little more attention these days. One of the primary reasons for this is the return of Temple football, which was literally on the school’s chopping blocks a short time ago, beginning to make noise at the top level on a somewhat consistent basis. The next step for the program seems to be moving into its own stadium.

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$45 Million Project Proposed In Allentown

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Construction Industry News on May 24, 2016.

The Neighborhood Improvement Zone, otherwise known as the “NIZ” in the Lehigh Valley, is serving as the springboard for another large development in downtown Allentown. J.B. Reilly is planning to build a $45 million 12 story office project in the NIZ by 2018.

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Pennsylvania School Construction Spending Still An Issue

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Construction Industry News on Apr 1, 2016.

Funding for public school construction and maintenance projects has been delayed by the months- long budget gridlock in Pennsylvania. Although the Commonwealth’s budget was recently approved, a related funding bill providing for more than $306 million in construction reimbursements due to Pennsylvania school districts was vetoed. School districts may now be faced with getting, or extending, financing for past and ongoing construction projects until legislation authorizing the reimbursements is finalized. It is unclear how this may affect future construction projects planned by Pennsylvania schools.

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Construction of the Constitution Pipeline Delayed

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Construction Industry News on Mar 31, 2016.

The developer of the Constitution Pipeline, designed to carry natural gas from the Marcellus Shale areas in northeastern Pennsylvania to New York State and New England, has been delayed. The pipeline was to have been placed in service by the end of this year, but now will not be completed until at least the second half of 2017. The 124 mile pipeline would help ease a shortage of pipelines carrying abundant natural gas from Northeastern Pennsylvania to customers in New York and New England. When constructed, it would be the first direct path linking the Marcellus basin with New York and New England consumers.

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New Project to Come on Line in Philadelphia

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Construction Industry News on Feb 9, 2016.

Realen Properties is partnering with New Orleans developer HRI Properties, a company that specializes in renovating historic structures, to convert the Liberty Title & Trust building at 101 N. Broad St. into a hotel. Realen presented plans on Wednesday to the Philadelphia Art Commission for a 179 room hotel under Starwood Hotels & Resorts’ Aloft flag at the 21-story 1920s building. The building will have direct access to the Pennsylvania Convention Center. Completion is expected in spring of 2017.

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Prices Down for Construction Materials

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Construction Industry News on Oct 19, 2015.

In a classic example of supply and demand, an increased supply in the construction market has paired with a decreased global demand to drive down the price of construction materials for the second month in a row. The primary culprits appear to be the troubled economies of China, Brazil, and Russia.

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Pennsylvania Convention Center Authority files RICO claim against Metropolitan Regional Council of Carpenters

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Construction Industry News on May 28, 2015.

The Pennsylvania Convention Center Authority recently filed a federal civil lawsuit against Metropolitan Regional Council of Carpenters, one of the two unions barred from working at the property, after failing to sign a new, more exhibitor-friendly customer satisfaction agreement. The lawsuit also names individual members of the Carpenters’ union.

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