Survey of Equipment Finance Activity Reports on 2013 New Business Volume

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WASHINGTON, D.C. — New business volume grew 9.3 percent in the equipment finance industry in 2013, according to the 2014 Survey of Equipment Finance Activity released by the Equipment Leasing and Finance Association. The growth in volume was down from the 16.4 percent increase reported for 2012 and the 16.5 percent increased reported for 2011, but well above the 3.9 percent increase reported for 2010 and the 30.3 percent decline in 2009. The SEFA, which is based on responses from 109 ELFA member companies, covers key statistical, financial and operations information for the $827-billion equipment finance industry. The report, as … Read more

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Construction Economists Optimistic About 2014-15 Commercial, Industrial Growth

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WASHINGTON, D.C. — Associated Builders and Contractors Chief Economist Anirban Basu, American Institute of Architects Chief Economist Kermit Baker and National Association of Home Builders Chief Economist David Crowe recently provided a collaborative economic forecast combining their expert economic analysis on leading, present and lagging economic indicators. “A combination of low interest rates, wealth effects stemming from a booming stock market and rising home prices, surging energy production and expanding industrial output has helped position the U.S. economy for more rapid growth during the next several quarters,” said Anirban Basu. “This will lead to more robust recovery in the U.S. … Read more

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McCarthy Holdings to Acquire Castle Contracting, CastleGPS

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ST. LOUIS, Mo. — McCarthy Holdings, Inc. has signed a letter of intent to acquire St. Louis, Missouri-based Castle Contracting along with its subsidiary CastleGPS. Castle provides turnkey civil services, utilities, earthwork and trenchless technology directly to owners, general contractors and mechanical, electrical and plumbing contractors. Additionally, Castle’s GPS technology provides industry-leading subsurface 3-D utility mapping. “McCarthy is celebrating its 150th anniversary this year, and we continue our forward-looking approach that has helped the company thrive over the years,” explained McCarthy Central Division President Scott Wittkop. “Civil and infrastructure needs in our communities continue to grow. Our clients are asking … Read more

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The Weitz Company to Design, Build New 16-Story Office Building

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DENVER, Colo. — The Weitz Company has been selected as the lead for the design-build delivery of One Belleview Station, a 16-story, 340,000-square-foot, Class A office building, located adjacent to the light rail station at the intersection of I-25 and Belleview Avenue in the Denver Tech Center in Colorado. One Belleview, developed by Prime West in partnership with Goldman Sachs, is the first high-rise office building to be developed in the Denver Tech Center in over six years. One Belleview Station—designed by architectural firm Gensler—will be part of an envisioned 42-acre, walkable, master-planned Belleview Station transit-oriented development at Interstate 25. … Read more

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NCCER, CURT Release Contractors Workforce Assessment

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ALACHUA, Fla. — NCCER and the Construction Users Roundtable recently announced the release of the Contractors Workforce Development Assessment, a unique assessment tool that objectively measures the quality of a contractor's workforce development program and their commitment to it. In cooperation with CURT and with input from Associated Builders and Contractors, The Associated General Contractors of America and organized labor, NCCER developed the CWDA to make workforce development a key criterion in contractor and subcontractor selection. The CWDA allows both owners and contractors to be proactive in providing a workforce of skilled craft professionals for their projects. “Research has shown … Read more

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