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Friday, Jan 27, 2023
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Tutor Perini Wins $600 Million R&D Project

A subsidiary of Tutor Perini Corp. has won a construction management contract for a confidential research facility in California. The Sylmar construction company did not disclose the name of the client. The subsidiary, Rudolph and Sletten in Redwood City, has experience building for the technology, biotech and industrial clients, as well as courthouses in California. The project will include about 3 million square feet with a budget of $600 million. Construction has already started. Tutor Perini announced the contract Wednesday. Shares closed up 3 cents or a fraction of a percent at $23.90 on the New York Stock Exchange.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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