Industry News

The U.S. Department of State's Overseas Buildings Operations Bureau awarded San Antonio-based The H.B. Zachry Co. the $50.6-million contract to design and build the new United States Embassy in Cambodia. Sited in Phnom Penh, the 128,000-sf compound is expected to begin construction in June 2003 and reach completion in January 2006. The H.B. Zachary Co., which participated in the design and construction of the U.S.

Intel Corp. will invest $2 billion to convert its Chandler, Ariz., manufacturing plant to the production of 300-millimeter silicon wafers. The conversion project is slated to begin in 2004 and reach completion in 2005. The plant will be Intel's fifth 300mm plant. Intel, based in Santa Clara, Calif., employs 9,000 workers in Arizona.  

CB Richard Ellis will acquire Insignia Financial Group in a $415-million transaction, creating the largest real estate services company in the world. With $1.8-billion in revenue and over 16,000 employees, the service company will have a broader gauge and provide global service at a more efficient price. CB Richard Ellis is based in Los Angeles.

Children's Medical Center of Dallas has completed a $17.8-million, 2,500-car parking structure adjacent to its Children's Pavilion. Constructed by McCarthy, the 805,000-sf design/build precast concrete parking structure is part of a long-term growth initiative to increase services and capacity at the hospital's main location.

Southwest Winners Foundation broke ground in early February on Southwest Preparatory School, the charter school's latest high school campus. Located on 3.5 acres, the two-story, 19,000-sf facility is expected to open in September 2003. The facility will also house administrative offices and the Virtual School, which allows students to gain high school credit via course work offered on the school's website.