Silicon Valley unicorn makes key buy to help reinvent how housing is built


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.

Tall…

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