SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.


                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): October 15, 1999


                               Perini Corporation
               ___________________________________________________
               (Exact name of registrant as specified in charter)



Massachusetts                 1-6314                         04-1717070

(State or other     (Commission File Number)   (IRS Employer Identification No.)
jurisdiction of
incorporation)

              73 Mt. Wayte Avenue, Framingham, Massachusetts 01701
               (Address of principal executive offices) (zip code)



       Registrant's telephone number, including area code: (508) 628-2000

  (Former name or former address, if changed since last report) Not applicable



ITEM 5.  OTHER EVENTS.

        On October 13,  1999,  Perini  Corporation  issued the  following  Press
Release:

                       PERINI COMPLETES A MAJOR STEP IN
                 PREVIOUSLY ANNOUNCED REAL ESTATE WIND DOWN PLAN

Framingham,  MA -- Perini Corporation  (AMEX:PCR)  completed a major step in the
previously announced  discontinuation of its real estate development operations.
The  Company  and its  wholly  owned  subsidiary,  Perini  Land and  Development
Company, Inc., the managing partner of Rincon Center Associates ("RCA"), entered
into a full and final non-cash settlement regarding its interests in RCA's mixed
use property in San Francisco. As part of the settlement and in exchange for the
transfer  of its  ownership  interest  in the  RCA  property,  the  Company  has
exchanged  mutual releases with the other RCA general  partner,  the RCA-related
lenders and all other entities  formally  associated  with the RCA property from
any claims,  lawsuits or other  liabilities  they may have with  respect to each
other in connection with the Rincon Center property.

"We are very  satisfied  with  the  settlement  agreement,"  said  Robert  Band,
Perini's  Chief  Executive  Officer,  "We see today's  settlement as the turning
point in totally shifting the Company's resources and focus to our core building
and civil construction business."

The  statements  contained in this Release  that are not purely  historical  are
forward-looking  statements  within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the  Securities  Exchange Act of 1934,  including
statements regarding the Company's expectations,  hopes, beliefs,  intentions or
strategies regarding the future. All forward-looking statements included in this
Release are based on information available to the Company on the date hereof. It
is important to note that the Company's  actual results could differ  materially
from  those in such  forward-looking  statements,  whether  as a  result  of new
information, future events or otherwise.








                                   SIGNATURES


        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                                     Perini Corporation



Dated:  October 15, 1999                    By:      /s/ Robert Band
                                                     Robert Band
                                                     President and Chief
                                                     Executive Officer