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Stock Market & Financial Investment News

News Breaks
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.
News For TPC From The Last 14 Days
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November 23, 2014
12:03 EDTTPCTutor Perini lead JV reaches $88.7M settlement with Massachusetts
Tutor Perini announced that the Tutor Perini-lead joint venture with partners Kiewit and Jay Cashman has reached an $88.7M settlement with the Commonwealth of Massachusetts on the Central Artery/Tunnel, C11, Project. As this litigation has ensued for 15 years, the company is pleased to finally have both the judgment and an agreement to pay in place. Payment is expected before the end of the year.
November 20, 2014
08:33 EDTTPCTutor Perini unit awarded $87M Transbay Transit Center contract
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November 12, 2014
08:05 EDTTPCGoldman to hold a conference
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