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SoftBank-Backed Construction Technology Startup Katerra Set to Close

Pro Builder

It laid off hundreds of employees last year and neared bankruptcy. The company also faced an investigation into its accounting practices by the Securities and Exchange Commission and by its board of directors, according to The Information. Off-Site Construction. SoftBank also did not return a request for comment. Read More. .

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Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

A few hours after the pixels for that post were hatched, Detroit announced it had become the largest city in history to file for bankruptcy protection. This summer, a federal judge will decide whether to approve a plan that would allow the city to exit bankruptcy court by mid-October. Great Lakes'

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Can We Make Home Building a Little Less ‘Interesting?’

Pro Builder

Secure your trade base. I wouldn’t challenge you on this had I not seen it done by enough builders who have demonstrated that securing a top-quality, dependable trade base is an achievable goal. . Secure your supplier base. 3 Reasons Off-Site Construction Could Help Shape the Future of Housing. Building Lean?

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Elio Motors Announces Vehicle Manufacturing Facility In Shreveport, LA

Buisness Facilities Contributed Content

The Elio Motors manufacturing facility will occupy approximately 1 million square feet of the more than 3 million-square-foot, former GM site. Industrial developer Stuart Lichter, who has acquired other former GM sites, will buy the 530-acre Shreveport site in conjunction with Elio Motors and lease portions of the site to other tenants.

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California is Rolling in Dough

Buisness Facilities Contributed Content

A few CA legislators have suggested that Brown is deliberately lowballing the size of the surplus and pushing for a contingency fund because he wants to secure a legacy as the governor who solved California’s budget crisis once and for all. billion, while legislators have projected $4.4 Far West U.S. Great Lakes U.S. - New England U.S.

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BUSINESS REPORT: Maryland — SSA’s New Data Hub Moves Forward In Urbana

Buisness Facilities Contributed Content

Conceptual layout of the Social Security Administration’s new data center in Urbana. The General Services Administration’s (GSA) Mid-Atlantic Region and the Social Security Administration (SSA) are collaborating to design and construct the SSA’s new National Support Center in Urbana, MD. SSA bought the Urbana site in late August 2011.

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Modular Builder VBC On the Verge of $25-Million Buy for Katerra Assets

Pro Builder

Volumetric Building Companies (VBC) is in the final stages of a $25-million bankruptcy acquisition of Katerra’s former headquarters in Tracy, Calif. VBC has secured $35 million in funding, which is being provided by a financial backer “who is supporting VBC growth and expansion without taking any control of our company,” says Buckley.