Virginia-based roofing material supplier Beacon Roofing Supply has rejected an $11 billion takeover offer from QXO, Inc., a new building products distributor looking to take advantage of the $800 billion building products distribution industry. Despite QXO’s very public attempts to persuade Beacon’s Board of Directors, its offer of $124.25 per share was rejected on the basis that it significantly undervalued Beacon, the largest publicly traded distributor of roofing materials and related building products, which has a market value of $6.74...

A recent study by MyWorkwear, personalised uniform, workwear, and personal protective equipment (PPE) suppliers dedicated to improving worker safety and confidence, has studied the cleanliness of uniforms of professionals in the United Kingdom to gain insight into how often items are cleaned and replaced, as well as general sentiments around workwear and its use. The study found that one in six construction workers replaced their workwear once annually, with 22 percent of respondents replacing items once every two months, and when asked how...

According to the Canada Mortgage and Housing Corporation’s (CMHC)’s annual Rental Market Report, Canada’s supply of purpose-built rental apartments experienced a 30-year high, growing by 4.1 percent in 2024 to move the national vacancy rate to 2.2 percent from a record low of 1.5 percent in 2023. Though growth in rental supply slowed average rent growth, the average rent for a two-bedroom apartment was up 5.4 percent from an already record eight percent in 2023. Average rent for a two-bedroom was $2,173 in 2024, over $2,049 the year before....

The Chicago Transit Authority (CTA) has secured $1.9 billion through a funding agreement with the Federal Transit Administration (FTA) that will advance the highly anticipated Red Line Extension (RLE) project, a $5.7 billion transit project that is expected to break ground in 2026, with the extension and new stations to be in service in 2030. The remaining funds will come from local and state sources. In August 2024, CTA awarded the design and build component of the contract to Walsh-VINCI Transit Community Partners, who will add 5.5 miles to...