Construction, Real Estate & Infrastructure

Stockholm – October 05, 2026 -- Skanska has signed a contract worth USD 110 million, about SEK 1.0 billion, with the Renton School District to build a new high school in Renton, Washington, USA. The contract value will be booked into Skanska's US order bookings for the third quarter of 2026.

New campus to house 1,600 students across 32,500 square meters

The three-story, 350,000-square-foot comprehensive high school will provide classroom capacity for 1,600 students. The facility will include core classrooms alongside dedicated spaces for Career and Technical Education, art, science and elective courses.

Irvine, Calif. – October 02, 2026 -- Governor Gavin Newsom signed Senate Bill 1087 on September 30, legislation sponsored by the Southern California Association of Governments (SCAG) that the Building Industry Association of Southern California (BIASC) says will raise housing costs and erode local planning authority across the region.

Builders say the law ties housing production to stricter regional transportation mandates

BIASC opposed the final version of SB 1087 (Cabaldon), arguing it expands regional planning requirements linked to greenhouse-gas reduction and Vehicle Miles Traveled (VMT) targets at a time when California faces a severe housing affordability and production shortfall. The statewide California Building Industry Association had labeled the bill a "Housing Killer."

Houston – October 02, 2026 -- Vortex Companies has promoted Brandon Gerber from Chief Estimator to Senior Vice President, Estimating, giving him oversight of estimating and preconstruction functions across the trenchless water and sewer infrastructure rehabilitation provider.

Gerber takes on expanded leadership over bidding and preconstruction nationwide

In the new role, Gerber will report to BJ Kerstiens, EVP, Services, and work with Services division leadership and operations personnel to align bidding activity with company capacity and core capabilities. Ryan Graham, Chief Operating Officer of Vortex Companies, said estimating is critical to winning the right work, managing risk and delivering profitable projects, crediting Gerber with instilling that discipline into estimating teams across the country.

Springfield, Mo. – October 02, 2026 -- Helitech Waterproofing & Foundation Repair has received its 10th Better Business Bureau Torch Award for Ethics, a milestone for the Springfield, Missouri-based specialty contractor.

Helitech secures 10th Torch Award after nearly 40 years in business

The BBB Torch Awards for Ethics recognize companies demonstrating integrity and ethical practices with customers, employees, vendors and communities. Helitech, operating since 1987, has built its service record on foundation repair, basement waterproofing, crawl space repair and concrete repair solutions for homeowners.

Jeddah – October 02, 2026 -- The Mysk Al Wadi Jeddah Hotel, the first Mysk-branded luxury property in Saudi Arabia, will open in September 2026 after builders treated over 2,000 cubic meters of concrete with crystalline waterproofing admixture to counter high groundwater and chloride exposure at the Red Sea construction site.

General contractor specified PENETRON ADMIX for below-grade structures exposed to groundwater

Faraj Abdulkarim Est, the project's general contractor, required a waterproofing solution for below-grade concrete after excavation depths revealed elevated groundwater levels at the site in Jeddah's Obhur district, near the Jeddah Corniche. Sam Annous, Managing Director of Penetron Saudi Arabia, said the hotel's proximity to the Red Sea made resilience against chloride-rich conditions a parallel priority alongside groundwater control.

Stockholm – October 02, 2026 -- Skanska has signed an additional USD 60 million (SEK 560 million) contract with Lee Health for the construction of a new hospital and medical office building in Fort Myers, Florida. The sum will be booked in Skanska's US order intake for the third quarter of 2026.

Contract amendment covers interior and mechanical work for bed tower expansion

The amendment adds interior build-out finishes and mechanical, electrical and plumbing work tied to the project's West Bed Tower expansion. It builds on the original full project agreement between Skanska and Lee Health.

Full project scope totals roughly 50,200 square meters of hospital and medical office space

The complete contract scope includes a five-story hospital of approximately 38,600 square meters (416,000 square feet), a central energy plant, and an 11,600-square-meter (125,000-square-foot) medical office building that houses an ambulatory surgery center.

Stockholm – October 02, 2026 -- Skanska has signed a USD 271 million (approximately SEK 2.5 billion) contract with NAVFAC Mid-Atlantic to construct a new homeport pier at Naval Station Newport in Newport, Rhode Island. The deal will be booked in Skanska's U.S. order intake for the third quarter of 2026.

New Pier Replaces Aging Infrastructure at Active Navy Installation

The project calls for the demolition of the existing Pier 1, which measures approximately 30 meters by 482 meters (100 feet by 1,580 feet). In its place, Skanska will build a smaller, modern pier spanning roughly 24 meters by 305 meters (80 feet by 1,000 feet), engineered to berth four U.S. Coast Guard Offshore Patrol Cutters.

Los Angeles – October 02, 2026 -- Dunn-Edwards Corporation has designated French Press Coffee (DEBN07), a deep brown with a subtle plum undertone, as its 2027 Color of the Year, signaling a commercial shift away from the cool grays and flat beiges that dominated paint specifications in recent years.

Dunn-Edwards color experts identify a market pivot toward warm, earthy neutrals

The company's internal color team tracked a decisive move away from stark whites and charcoal tones, positioning French Press Coffee as a moody neutral alternative to black that is gaining traction in upscale residential and commercial interiors.

St. Louis – October 02, 2026 -- DOOR (OTC: LTCH) has finalized a settlement with the U.S. Securities and Exchange Commission, closing a four-year investigation into legacy revenue recognition and key performance indicator practices with a $1.0 million civil penalty payable in quarterly installments.

SEC closes investigation that began in 2022

The SEC approved the previously disclosed settlement, which the Company first announced in principle on October 02, 2026. DOOR consented to an administrative order without admitting or denying the regulator's findings.

Company filed seven years of restated financial statements

Since late 2024, DOOR has filed seven years of financial statements, including restated prior periods, becoming current with its SEC reporting obligations in February 2026 for the first time since mid-2022.

Phoenix – October 02, 2026 -- RedHammer Partner Scott Franchini has joined Intuit's newly formed Lighthouse Construction Customer Advisory Board (CAB), giving contractors a direct channel into the development of Intuit Enterprise Suite (IES) as the software maker expands AI across its mid-market platform.

RedHammer brings data from 150 construction clients across 25 states to Intuit's product teams

Franchini said RedHammer works across the financial, project management and field platforms used by more than 150 construction clients in 25 states, giving the firm a view that spans software needs from small contractors to larger middle-market firms. The CAB role builds on RedHammer's existing participation in the Intuit Lighthouse community, a customer success group made up of select Intuit customers and partner firms.