Balfour Beatty Selected to Build New Mixed-Use Central Development

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  SILVER SPRING, Md. — Grosvenor Americas has selected Balfour Beatty Construction to build its new 231,000-square-foot, mixed-use “Central” development. Located in revitalized downtown Silver Spring, Maryland, the five-story development will be comprised of 243 residential units above 16,000 square feet of retail space and two levels of underground parking. <!—more—>Grosvenor’s Central development will serve as a cornerstone in the continued revitalization of downtown Silver Spring that has transformed the surrounding neighborhood into a thriving entertainment, retail and employment district in recent years. The Central project will further enhance the city’s growth, meeting the increased demand for mixed-use developments as … Read more

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Byron Pre K-2 School Project Progresses

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ROCHESTER, Minn. — Knutson Construction’s Byron Pre K-2 school project is 20 percent complete and is on track to be finished by June 2016. The new Byron, Minnesota school will be 100,000 square feet and includes over 30 classrooms, a kitchen, cafeteria and a gymnasium. The new building will house pre-kindergarten through second grade students who are currently attending class at the Byron Community Education Center. The inaugural class will have approximately 550 students attending the new school in fall 2016. Since breaking ground, the project has hit 120 consecutive safety days. The exterior of the gym and cafeteria are … Read more

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Public Engineering, Construction Firms Underperforming Broader Market

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NEW YORK, N.Y. — According to FMI's 2015 Issue 2 M&A Advisor, public engineering and construction firms are underperforming the broader market. Public E&C firms historically have outperformed the broader market during periods of expansion and underperformed during periods of contraction. However, this has not been the case for the E&C industry during the latest bull market. Between June 30, 2010 and June 30, 2015, the S&P 500 outpaced the growth of FMI's contractor index by 61 percent. Over that time, the S&P 500 grew by over 100 percent; whereas, the median share price of the firms in FMI's contractor … Read more

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Gilbane Building Company Sponsors ACE in Houston, Across U.S.

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HOUSTON, Texas — Gilbane is a sponsor and participant in the ACE (Architecture, Construction, Engineering) Mentor Program of America, a workforce development organization encouraging youth to pursue STEM-related careers. “The ACE Mentor Program attracts students to its 35-40-hour, after-school program who want to reach beyond textbooks and understand real-world applications of their studies,” stated Thomas Gilbane, Jr., chairman of the board, ACE Mentor Program, and chairman & CEO, Gilbane, Inc. According to Jack Kalavritinos, named president & CEO of ACE in January, quantitative results from two 2015 ACE studies show that: 63 percent of ACE seniors were minority students vs. … Read more

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American Society of Concrete Contractors Holds 14th Annual Conference in Dallas

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ST. LOUIS, Mo. — The American Society of Concrete Contractors held its 14th annual conference Sept. 24-27 at the Hyatt Regency—Dallas in Texas. Concrete contractors, manufacturers, designers and other industry professionals gathered for educational events and networking. Industry experts and leaders offered concrete seminars on important industry and educational topics. Speakers included Ken Hover, Jen Crisman, Colin Lobo and Crystal Washington. Seminar topics included: Mock ACI Technical Committee Meeting, The Silicate Debate, Profiling for Filling Management Positions and Building and Protecting Your Online Reputation. Four workshops covered Safety Leadership Training, Sales, Improving the Contractor/Producer Relationship and Landing a Solid Workforce. … Read more

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