Nagelbush Mechanical Awarded Five Projects Collectively Valued at $154.6 Million

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LOS ANGELES--(BUSINESS WIRE)--Oct 27, 2025--

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its Florida subsidiary, Nagelbush Mechanical (“Nagelbush”), has been awarded several new mechanical services projects in south Florida collectively valued at $154.6 million. The four most recent projects include the installation of new mechanical and/or plumbing systems at the Bentley Residences, a 62-story 213-unit luxury condominium development in Sunny Isles, Florida; the residences at 1428 Brickell Avenue, a 72-story 189-unit luxury condominium development in Miami; JEM Miami Worldcenter, a 61-story development that will feature 530 rental apartments and 259 condominium units; and Namdar Tower 2, a 42-story 712-unit rental apartment building, also in Miami. The contract values for these projects were added to the Company’s backlog in the third quarter of 2025.

Earlier this year, Nagelbush was awarded a similar mechanical services project for the Olara, a 26-story mixed-use development in West Palm Beach, Florida, which will feature a 287-luxury unit condominium tower, a 170-rental unit tower, and 80,000 square feet of amenities space. The contract value for this project was added to the Company’s backlog in the first quarter of 2025.

Work on these projects is already underway, with substantial completion expected in the second quarter of 2028.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict safety and quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, and have strong expertise in delivering design-bid-build, design-build, construction management, and public-private partnership (P3) projects. We often self-perform multiple project components, including earthwork, excavation, concrete forming and placement, steel erection, electrical, mechanical, plumbing, heating, ventilation and air conditioning (HVAC), and fire protection.

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CONTACT: Tutor Perini Corporation

Jorge Casado, 818-362-8391

Senior Vice President, Investor Relations and Corporate Communications

www.tutorperini.com

KEYWORD: CALIFORNIA FLORIDA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BUSINESS OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY

SOURCE: Tutor Perini Corporation

Copyright Business Wire 2025.

PUB: 10/27/2025 07:10 PM/DISC: 10/27/2025 07:10 PM

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