Mortenson, Akara Partners Team Up on Home2 Suites by Hilton

CHICAGO, Ill. – In its first real estate development project in Chicago, Illinois, Mortenson has teamed up with lead developer Akara Partners to design and build a $67-million extended stay hotel in River North. The hotel is being designed by Norr Architects under a Design-Build arrangement with Mortenson for the 17-story, 206-room Home2 Suites by Hilton. Mortenson and Akara Partners are breaking ground on Oct. 5 for the hotel, located at 110 W. Huron. The site, at the corner of Clark and Huron streets, is a parking lot owned by Akara. The 120,000-square-foot building is scheduled to open in the … Read more

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Construction Spending Increases in Most Categories from July to August, Mixed Year-Over-Year Changes

Most major construction spending categories increased from July to August but activity was mixed compared to spending levels a year earlier, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that big drops in public investments mean infrastructure will continue to deteriorate and impede economic growth. “It is encouraging that spending rebounded in August for many types of residential, private nonresidential and public projects,” said Ken Simonson, the association’s chief economist. “However, the August numbers also show that public and private nonresidential construction is continuing to slow or fall below last … Read more

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Louisiana Companies Host Crane and Heavy Transport Careers Event

BATON ROUGE, La. – Deep South Crane & Rigging and Berard will co-host a one-day careers event for students and veterans from 9 a.m. to 2 p. m. on Nov. 15 in Baton Rouge, Louisiana, as part of a national careers initiative through Lift & Move USA. The event will be the first in Louisiana and up to 400 students are expected to attend from local high schools and colleges. Attendees will learn about vocational, technical and service job opportunities available in the crane, rigging and heavy transport industry. Jeremy Landry with Deep South Crane & Rigging said the company … Read more

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Construction Employment Increases in August 2016, 2017 Year-Over-Year

Construction employment increased in 274 out of 358 metro areas between August 2016 and August 2017, declined in 52 and stagnated in 32, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials noted that the construction job gains come even as 70 percent of responding firms reported having a hard time finding qualified craft workers to hire. “While many firms’ efforts to increase pay, add benefits and expand the diversity of their workforce appear to be helping, it is still a challenge for many contractors to keep pace with demand,” … Read more

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