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June 11, 2014
08:31 EDTTPCTutor Perini awarded $255M contract for Panorama Tower in MIami
Tutor Perini Corporation announced that its subsidiary, Tutor Perini Building Corp., has been selected as the general contractor and has signed a contract with Florida East Coast Realty, LLC, valued at approximately $255M for construction of the Panorama Tower at 1101 Brickell Avenue in Miami, Florida. The scope of work for the project includes construction of an 82-story mixed-use tower that will feature 821 luxury rental apartments, a 250-room hotel, 80,000 square feet of retail space, 40,000 square feet of office space, and a 13-story 1,500-space parking garage. The entire Panorama Tower development will comprise approximately 2.6 million square feet. The tower will also include a recreation deck with several pools, a fully equipped fitness area, a pool deck restaurant, and two social rooms. Pre-construction work began in January 2014. Construction is expected to start in June 2014 with substantial completion expected in late 2017. The company expects to include the value of this contract as part of its reported second-quarter backlog.
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December 18, 2014
08:41 EDTTPCTutor Perini added to Top Picks list at FBR Capital
FBR Capital added Tutor Perini to its Top Picks list citing the recent weakness in the stock and reiterates an Outperform rating on the name. FBR thinks cash flow from the MGM/CityCenter settlements significantly improves Tutor's balance sheet. It has a $38 price target for the name.
06:47 EDTTPCTutor Perini initiated with an Accumulate at Global Hunter
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December 17, 2014
05:38 EDTTPCTutor Perini announces favorable legal developments
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