Equipment Leasing and Finance Association Announces Top 10 Equipment Acquisition Trends for 2014

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WASHINGTON, D.C. — The Equipment Leasing and Finance Association revealed its Top 10 Equipment Acquisition Trends for 2014. Given U.S. businesses, nonprofits and government agencies will spend in excess of $1.5 trillion in capital goods or fixed business investment (including software) this year, financing more than half of those assets, these trends impact a significant portion of the U.S. economy. Businesses will need to consider a dynamic environment of economic growth, wider credit availability and favorable interest rates in their equipment acquisition decision-making.   ELFA President and CEO William G. Sutton, CAE, said, “For a majority of U.S. businesses, equipment … Read more

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The Dodge Momentum Index Shows 1.5% Gain in Commercial Construction

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NEW YORK, N.Y. — The Dodge Momentum Index rose 1.2 percent in December compared to the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. December's increase brought the Momentum Index to 118.3 (2000=100), the highest reading since February 2009. Over the course of 2013, the Momentum Index showed steady improvement, with December up 32 percent compared to the same month a … Read more

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Byrne & Jones Construction Names Kappel General Manager of Concrete

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ST. LOUIS, Mo. — Mike Kappel has been named general manager of the concrete division for St. Louis, Mo.-based Byrne & Jones Construction Co. Kappel joined Byrne & Jones in 2002 as a project manager and most recently was director of operations for the Byrne & Jones asphalt division. He will oversee operations for Byrne & Jones” concrete division, which performs concrete flatwork and foundation construction for commercial, industrial and institutional customers. Among its largest assignments are concrete projects for Ballpark Village, Washington University, the Galleria, Hazelwood East High School, Friendship Village senior living communities, Missouri State University in Springfield, … Read more

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Sundt Construction Hires Field Superintendent in San Diego

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SAN DIEGO, Calif. — Sundt Construction, Inc. recently hired Cameron Haag as the newest field superintendent within the contractor’s San Diego, Calif. office. Haag will immediately join the CCA San Diego Correctional Facility project team in Otay Mesa. As a field superintendent, Haag will be responsible for managing the day-to-day construction activities, as well as planning, selecting and hiring the manpower required for the efficient execution of work. Prior to joining Sundt, Haag worked as the assistant superintendent on the $117-million Kaiser Permanente San Leandro Medical Center project. Haag holds a Bachelor of Science degree in construction management with a … Read more

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U.S. Coast Guard Headquarters Earns LEED Gold Certification

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WASHINGTON, D.C. — The U.S. Coast Guard Headquarters has received a LEED Gold certification by the U.S. Green Building Council. The project, completed under a design-build contract, sits on the west campus of the former St. Elizabeth’s Hospital and is the first phase of the Department of Homeland Security’s planned relocation. The new headquarters features a 1.2-million-square-foot, 11-level office building, an 800,000-square-foot, 1,973-space parking garage and a central utility plant. Under a separate contract, Clark also delivered the Department of Homeland Security’s National Operations Center—a mission critical space located within the U.S. Coast Guard Headquarters campus. During construction, the General … Read more

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