California City Scoop: San Francisco
Firms in Focus: Skanska USA Inc. 1999 Harrison St., Ste. 1950, Oakland
Calif. Employees: 1,031
2013 Revenue: $628.9 million
Year Founded: 1971
What's New: Skanska USA is currently erecting 24,000 tons of structural steel for the $4.5-billion Transbay Transit Center in San Francisco—part of a $189.1-million supply and erect subcontract.
City Grill
Steve Johnson, Senior Vice President/General Manager
Swinerton Builders
"Project opportunities continue to be very active in the Bay Area, particularly in the multifamily and office markets," says Johnson. "However, construction costs also continue to rise. Upcoming projects demand even closer analysis to examine whether the rise in rent prices is keeping up with the cost of construction."
Because construction material and labor availability will continue to tighten over the next 18 months, contractors are turning to prefabrication to alleviate material and labor shortages, Johnson adds.