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Mass timber giant Katerra, Menlo Park, Ca., is abruptly shuttering its operations.
Founded in 2015, the CLT manufacturing and construction firm had raised about $2 billion from investors.
The company is said to have begun issuing notice that it will be pulling out of ongoing construction projects and closing its operations across the country, including a CLT manufacturing plant in Spokane, Wa., and roughly 10 branch offices across the country, from Centennial, Co., to Jersey City, N.J.
