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The Education Buildings Market Is Expected To Grow At A Rate Of More Than 2%, Driven By The Rising Globalization Of Education - By The Business Research Company

Retrieved on: 
Monday, October 9, 2023

LONDON, Oct. 9, 2023 /PRNewswire/ -- As per The Business Research Company's Education Building Global Market Report 2023, the global education buildings market is poised for substantial growth, with the market size projected to increase from $590.74 billion in 2022 to $613.88 billion in 2023, driven by a robust Compound Annual Growth Rate (CAGR) of 3.9%. This growth trajectory is set to continue, with the market size forecasted to reach $679.80 billion in 2027, maintaining a steady CAGR of 2.6%.

Key Points: 
  • With a surge in international mobility among students, faculty, and academic programs, educational institutions are rapidly expanding their global presence.
  • As education transcends borders, the construction market responds with innovative and internationalized building projects, driving market growth.
  • The education buildings market is characterized by a high degree of fragmentation, featuring numerous players operating in the market.
  • In 2022, the top ten competitors accounted for just 1.07% of the total education buildings market.

The Education Buildings Market Is Expected To Grow At A Rate Of More Than 2%, Driven By The Rising Globalization Of Education - By The Business Research Company

Retrieved on: 
Monday, October 9, 2023

LONDON, Oct. 9, 2023 /PRNewswire/ -- As per The Business Research Company's Education Building Global Market Report 2023, the global education buildings market is poised for substantial growth, with the market size projected to increase from $590.74 billion in 2022 to $613.88 billion in 2023, driven by a robust Compound Annual Growth Rate (CAGR) of 3.9%. This growth trajectory is set to continue, with the market size forecasted to reach $679.80 billion in 2027, maintaining a steady CAGR of 2.6%.

Key Points: 
  • With a surge in international mobility among students, faculty, and academic programs, educational institutions are rapidly expanding their global presence.
  • As education transcends borders, the construction market responds with innovative and internationalized building projects, driving market growth.
  • The education buildings market is characterized by a high degree of fragmentation, featuring numerous players operating in the market.
  • In 2022, the top ten competitors accounted for just 1.07% of the total education buildings market.

Friendship Campus Receives California State Approval to Begin Construction, Project Delivery Group Joins "Dream Team" as General Contractor

Retrieved on: 
Friday, February 10, 2023

REDONDO BEACH, Calif., Feb. 10, 2023 /PRNewswire-PRWeb/ -- The Friendship Foundation (FF), dedicated to elevating the lives of those with varying abilities for 15+ years, announced today that it has received final approval from the State of California's Division of the State Architect (DSA) and permits to begin construction on its new Friendship Campus for intellectually and physically diverse students in Redondo Beach, Calif. FF has selected Project Delivery Group (PDG) as the general contractor for this phase of construction, which includes remaining demolition, earthwork, utility prep, and foundation work for the 64,000 square foot facility. PDG joins global architectural firm Gensler, construction management consultants Gardiner & Theobald, and Saatchi & Saatchi for brand strategy, in the Friendship Campus "dream team" of partners.

Key Points: 
  • PDG joins global architectural firm Gensler , construction management consultants Gardiner & Theobald , and Saatchi & Saatchi for brand strategy, in the Friendship Campus "dream team" of partners.
  • PDG is a full-service general contractor that brings deep attention to detail, delivering high quality projects with honesty and openness.
  • "The Friendship Foundation is truly innovative by using their own Friendship Campus construction site as an outdoor on-the-job training classroom."
  • The 64,000 square foot Friendship Campus, The Greenberg Family/Skechers Center, is expected to be completed in 2025 and cost $55 million.

Pinner Construction Files Lawsuit Confirming Arbitrator's Decision Alleging Scheme that Cheated California Taxpayers Out of More Than $20 Million in the Construction of a Public Performing Arts Center

Retrieved on: 
Thursday, August 4, 2022

LOS ANGELES, Aug. 4, 2022 /PRNewswire/ -- Pinner Construction ("Pinner"), a century-old Southern California construction firm, today filed a lawsuit against the Los Angeles Community College District (the "School District") and its construction project consultants, alleging fraud, corruption, and racketeering conduct surrounding the construction of the School District's performing and media arts center, following the findings of a prestigious arbitrator that the District "consultants" were guilty of bad faith and wrong doing.

Key Points: 
  • The law suit was reported in a major front page story in California news section by the Los Angeles Times this morning.
  • The Times headlined the story: "Corruption and fraud besets long-delayed L.A. Valley college theater, project lawsuit alleges."
  • The people of Southern California have entrusted Pinner Construction with their building needs since 1919.
  • Pinner is proud to celebrate 102 years of Pinner trust and looks forward to the next century and beyond.