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Arup Hong Kong employee targeted in $25 million deepfake scam

Archinect

British multinational design and engineering company behind world-famous buildings such as the Sydney Opera House has confirmed that it was the target of a deepfake scam that led to one of its Hong Kong employees paying out $25 million to fraudsters.

Finances 264
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Structural engineering solutions for office-to-residential conversion

BD+C

Structural engineering solutions for office-to-residential conversion 0 qpurcell Thu, 09/28/2023 - 10:37 Office Buildings IMEG's Edwin Dean, Joe Gulden, and Doug Sweeney, share seven key focuses for structural engineers when planning office-to-residential conversions. faces a housing deficit of 3.8 million units. million units.

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Australia is pushing for wood construction with $214 million Timber Building Program

Archinect

The Clean Energy Finance Corporation (CEFC), an organization responsible for investing $10 billion in clean energy projects on behalf of the Australian government, is seeking to substantially cut construction-related emissions with a new $214 million program to encourage the use of mass timber in new building projects.

Finances 246
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The Eiffel Tower has grown a bit taller for the second time this century

Archinect

The Eiffel Tower grew by six meters (nearly 20 feet) on Tuesday after engineers hoisted a new communications antenna at the very top of France’s most iconic landmark. With the new antenna, the Eiffel Tower grew from 324 meters (1,063 feet) tall to 330 meters (1,083 feet).

Finances 306
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Large U.S. architecture firm, EYP, files for bankruptcy, may sell to subsidiary of Bitcoin miner

Archinect

based firm EYP Architecture + Engineering has filed for bankruptcy due to pressure from debt obligations. The firm, based in Albany, New York, has 11 offices across the United States and employs 470 staff. The firm has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware owing $149 million in debts.

Firms 246
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San Francisco is at dire risk for flooding without water infrastructure upgrades, according to a new report

Archinect

Mayor London Breed announced a $369 million Water Infrastructure Finance and Innovation Act loan a month before the report was made public courtesy of KQED’s public records request. The report indicates a 37% increase in stormwater by the end of the century.

Finances 182
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Full funding secured for US tallest skyscraper says developer

Deezen

"We will be first getting a grading and infrastructure permit," said Matteson, who has reportedly partnered with local construction consultants Thinkbox and engineering firm Thornton Tomasetti for the tower. The entire project is financed, including the tower — if the tower gets approved."