Mortenson Opens Texas Office

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Mortenson Construction is opening a new office in San Antonio, Texas. The new office will support the company's growing energy business, including key wind and solar projects in the state, high-voltage transmission and other operations. Mortenson plans to open its San Antonio office in the first half of 2014. The office initially will include 30-40 team members supporting several hundred field positions throughout Texas, with future employment needs anticipated to be much higher. “Texas has a strong economy and is a leader in the U.S. energy industry,” said Tom Wacker, senior vice president at Mortenson. “We have built many projects […]

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AGC of Utah Lends a Hand to American Cancer Society to Give Hope a Home

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SALT LAKE CITY, Utah — The American Cancer Society has joined forces with the Associated General Contractors Utah chapter to build a Hope Lodge in Utah, kicking off with a $20,000 donation from AGC and its members. The Hope Lodge, which will be located in downtown Salt Lake City, will serve residents from rural Utah and the Intermountain West who travel to Salt Lake to receive care at its cancer treatment centers. The Hope Lodge fundraising campaign is an $18-million venture, and upon completion, the lodge will provide 41 suites for cancer patients and their caregivers to stay free of […]

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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 […]

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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 […]

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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, […]

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