Construction startup Katerra Inc. this week added what it hopes will be a key piece of its plan to reinvent how housing gets built.
The Menlo Park company on Wednesday said it used some of the $1.1 billion it's raised to buy Michael Green Architecture Inc. (MGA), a Vancouver-based pioneer of tall timber construction.
This method of construction is seen as a greener way to build multistory projects from the cross-laminated timber that Katerra plans to make at a new plant in Spokane Valley, Washington.
