Gilbane's Summer Construction Economics Report Predicts Strong Industry Growth Could Be Slowed by Skilled Labor Shortage

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PROVIDENCE, R.I. — Gilbane Building Company announced the Summer 2014 edition of its in-house economics report, Building for the Future – Construction Economics: Market Conditions in Construction. The report predicts rapid growth coupled with the lack of skilled, experienced labor and the ability to meet schedule will be some of the most important industry issues to address over the next few years. “The good, if not, great news is that the most favorable, forward-looking conditions support expectations for strong industry growth in 2015,” said Ed Zarenski, a Gilbane estimating executive with more than 40 years in the construction business. “Very […]

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Sale of Woodbury’s CityPlace Finalized

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WOODBURY, Minn. — The joint venture comprising Florida-based Elion Partners and Minnesota’s Kraus-Anderson announced it has acquired the 100-acre, mixed-use site located at the southeast corner of Radio Drive and Interstate 94. With a new identity and name, the partnership has plans to renovate, reposition and retenant the existing office building as it transforms the parcel into CityPlace, a 700,000-square-foot, mixed-use campus with shopping, restaurants, a hotel and additional office space. “After 18 months of pursuing the necessary approvals, we are very excited to pass this milestone and move forward with the next phase of CityPlace,” said Juan DeAngulo, managing […]

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Ground Broken for New Home of the Braves

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ATLANTA, Ga. — The new Home of the Braves has its name: SunTrust Park. Committed to building the communities they serve, Atlanta-based SunTrust Banks, Inc. and the Atlanta Braves announced a partnership for the naming rights of the new Home of the Braves, slated to open in the spring of 2017. The development will be the first of its kind — a destination that combines a state-of-the-art major league baseball ballpark with a simultaneously constructed multi-use community including unique shops, restaurants, offices and residences. The name of the park was announced in conjunction with a groundbreaking held Sept. 16. Developed […]

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C.W. Driver Begins Construction on 460,000 SF Fountainview at Gonda in West L.A.

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LOS ANGELES, Calif. — C.W. Driver has begun construction on Fountainview at Gonda West Los Angeles Westside Campus in Califronia. Situated on 2.5 acres in the Playa Vista neighborhood, the 460,000-square-foot continuing care retirement community will provide more than 500 seniors with a full range of active living, healthcare and in-home services. Designed by Gensler, the $100-million complex will feature 175 luxurious apartment units for independent living, as well as 24 assisted living and memory care units. Construction is scheduled for completion in 2016. Designed to blend comfort and elegance in a resort-like setting, the complex will feature one- and […]

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Sundt Construction Adds San Diego Staff

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SAN DIEGO, Calif. Sundt Construction, Inc. has added Kris Mehta, a senior project superintendent, and Ron Price, a project engineer, to its San Diego, California office. Both team members join the San Diego State University South Campus Plaza Phase I project, which is scheduled to be completed in August 2016. Mehta comes to Sundt with over 25 years of experience in the Southern California construction industry. He has worked on many notable projects, including the $750-million SOKA University of America in Aliso Viejo, California. As senior project superintendent, Mehta is responsible for managing all field operations, as well as overseeing […]

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