Bisnow/Allen Matkins SF Construction Summit - Richard Henry, McCarthy Building Companies

Northern Pacific Division president Rich Henry said McCarthy is getting ready to kick off an expansion of UC Berkeley's Sproul Hall and Stanford's replacement hospital in Palo Alto, One trend to keep an eye on: public agencies buying buildings, renovating them for their own use and, with the excess space, becoming landlords. A project that McCarthy is doing for the transportation authority is a case in point. It'll house a number of transportation groups under one roof, and create several hundred thousand square feet of excess space so that private companies working with them can locate close by. In addition, Rich cited technology's value to the subcontractor community, noting that where projects are won or lost is in the labor market. Technology that allows tradesmen to figure out their productivity down to hundredths of a man hour PSF makes them more efficient and provides opportunities for prefabrication.