Webcor's understanding of local market forces led to a joint venture with Hunt Construction Group, Scottsdale, Ariz., on the planned Golden State Warriors arena, sited in San Francisco's Mission Bay district. The joint venture is working with the design team under a preconstruction agreement.

"We understand how things get built and the politics behind it, and we have the deep relationships that attract other great companies to want to team with us," Pederson says.