McCarthy Holdings Announces New COO

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McCarthy Holdings has named Dhruv Patel as president and chief operating officer. Patel will report directly to Chairman and Chief Executive Officer Ray Sedey and replaces Chief Operating Officer Joe Jouvenal, who is transitioning into a new role as chief transformation officer. Patel will be responsible for strengthening alignment across McCarthy’s regional and national businesses to drive greater consistency and deliver exceptional results for clients. In addition to broad operational leadership, he will also provide executive oversight for core corporate functions. Patel joined McCarthy Building Companies in 2013, playing an instrumental role in the growth and evolution of the builder’s … Read more

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The Beck Group Celebrates Topping Out of Miyako Hybrid Hotel Plano, Texas

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The Beck Group celebrated the topping out of the Miyako Hybrid Hotel Plano on July 24, a new full‑service boutique hotel scheduled to open in fall 2027. The hotel will be the first Miyako Hotels & Resorts property in Texas and only the third in the United States, following locations in Los Angeles and Torrance, California. The Beck Group is serving as construction manager, with Cumming Group as owner’s representative. Gensler is the design architect, and Looney & Associates is the interior design firm. Kintetsu Enterprises Company of America is bringing its Miyako Hybrid Hotel to Plano, offering Japanese hospitality, … Read more

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June Nonresidential Construction Spending Up on Strength of Data Centers

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National nonresidential construction spending rose 0.1% in June, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.277 trillion. Spending was up on a monthly basis in 8 of 16 nonresidential subcategories. Both public and private nonresidential spending were up 0.1% in June. Private nonresidential construction spending was down nearly 5% from a year ago. “Through April 2025, private nonresidential construction spending ascended to $806.1 billion on a seasonally adjusted annual rate basis, an all-time high,” said ABC Chief Economist Anirban Basu. “Since then, … Read more

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Every State Had Construction Unemployment Rate Below 10% in June

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The national June not seasonally adjusted construction unemployment rate was 4.7%, a 1.3% increase from June 2025, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. The analysis found that every state had a construction unemployment rate below 10% and all but three states (Connecticut, New Jersey and Rhode Island) had a rate below 7%. National NSA payroll construction employment was 59,000 higher than in June 2025, its 14th straight month of year-over-year increases below 100,000. Seasonally adjusted payroll construction employment was 8.3 million, or 9.5% above its pre-pandemic peak of 7.6 … Read more

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Balfour Beatty, Terra & Turnberry Celebrate Topping Out of Grand Hyatt Miami Beach

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Terra and Turnberry topped off construction at Grand Hyatt Miami Beach, an 800-room, 17-story hotel adjacent to the Miami Beach Convention Center. Balfour Beatty is the project’s general contractor, Bernardo Fort-Brescia of Arquitectonica is the designer. Construction is slated for completion in late 2027. Grand Hyatt Miami Beach will provide seamless access to the newly renovated Miami Beach Convention Center. The hotel will offer bold and vibrant architecture and design featuring 12 floors of elevated guest rooms, including 50 suites with sweeping views of Miami Beach and four floors of meeting and ballroom space designed to complement the Convention Center’s … Read more

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