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): July 14, 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 July 14, 1999, Perini Corporation issued the following Press Release:

               Perini Announces Commencement of Rincon Foreclosure



        Framingham, MA -- Perini Corporation (AMEX:PCR) announced today that the
nonbinding  agreement between the Company's real estate subsidiary,  Perini Land
and Development Company ("PL&D"),  the Managing General Partner of Rincon Center
Associates  ("RCA"),  and the lenders to Rincon Center, a mixed-use  property in
San  Francisco,  will  not be  implemented  because  of the  failure  to  obtain
agreement of all necessary  parties.  The lenders have issued formal  notices of
default.  Under  California law, the notices filed on July 9, 1999,  allow for a
90-day period during which any default under the loans could be remedied. Absent
a cure, the property can then be sold in foreclosure.

        Management   anticipates  that  these   proceedings  will  result  in  a
write-down  by the Company of its $81 million  investment in Rincon  Center.  In
addition, the waiver by the Company's bank group of the default arising from the
maturity of the Rincon loan has expired.  Management  has requested a renewal of
that waiver.



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