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GCP answers investor maneuvers with stockholder rights plan

Sources: GCP Applied Technologies Inc., Cambridge, Mass.; CP staff

GCP directors have adopted a stockholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of company common stock. The move responds to large blocks of shares changing hands in recent weeks, netting one New York hedge fund sponsor, 40 North Management LLC, a 24.6 percent ownership stake.

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Commercial project index reveals ongoing workforce imbalances

Sources: USG Corp., Chicago; U.S. Chamber of Commerce, Washington, D.C.

Surveys behind the Q1 2019 USG + Chamber of Commerce Commercial Construction Index find that the labor shortage continues to pose major challenges to the industry, causing contractors to ask skilled workers to do more work (81 percent of respondents), struggle to meet deadlines (70 percent), increase costs for new work (63 percent), and reject new projects (40 percent).

Read more: Commercial project index reveals ongoing workforce imbalances

3D concrete printer nears commercialization via Texas housing plan

Sources: Icon and Cielo LP, Austin, Texas; CP staff

A robotics-savvy, 3D concrete printing equipment developer eyeing affordable housing solutions will deploy its first commercial unit in partnership with a fellow Austin, Texas, business and like-minded real estate developer. Against the backdrop of the 2019 South by Southwest Conference and Festivals (SXSW) earlier this month, Icon and Cielo Property Group announced commissioning of printer for rapid delivery of modest (< 1,000 sq. ft.) but robust residences in the Texas capital city—one of the country’s hottest housing markets.

Read more: 3D concrete printer nears commercialization via Texas housing plan

Court pokes Laborers lawsuit equating rat balloon and free speech

Sources: U.S. Court of Appeals for Seventh Circuit, Chicago; Littler Mendelson P.C., San Francisco; CP staff

A federal appellate court recently determined that enforcement of a Grand Chute, Wis., sign ordinance prompting removal of a 12-ft. inflatable rat—staged on public right-of-way and targeting a masonry contractor performing work at auto dealership—did not violate the First Amendment rights of Construction and General Laborers’ Union Local 330, Menasha, Wis.

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OSHA: Contractor steered Immigration agents to injured employee

Source: Occupational Safety and Health Administration

An OSHA complaint filed in U.S. District Court for the District of Massachusetts alleges that Tara Construction Inc., Boston, retaliated against an injured employee by facilitating his arrest at the hands of Immigration and Customs Enforcement staff. Reporting an injury to an employer and spurring an OSHA proceeding are protected activities under the Occupational Safety and Health Act, the agency contends.

Read more: OSHA: Contractor steered Immigration agents to injured employee