Korte to Begin Work on Ameristar Headquarters 86,850SF Project

LAS VEGAS, Nev. — The Korte Company will begin work on a $6.96-million project for Ameristar Casinos, Inc. The design-build construction firm, located in Las Vegas, Nev., St. Louis and Highland, Ill., was awarded the project based on best value criteria including price, qualifications, experience, staffing and schedule. When complete, the entire five-story building will be built out to house Ameristar’s new corporate headquarters with the firm’s executive offices located on the fifth floor. The 86,850- square-foot project is located in the Hughes Center, a premier 68-acre mixed-use, master-planned business center within the business district of Las Vegas, Nev. The … Read more

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Construction Materials Pricing Remains Flat in March

Prices for construction materials were flat in March, as plunging diesel fuel and metals prices offset increases in items used in new housing and nonresidential building renovations, according to an analysis of new federal figures released today by the Associated General Contractors of America. Association officials noted that contractors have kept the prices they charge to build structures level, leaving their margins vulnerable to price spikes for key inputs. “Thanks to a recent, sharp drop in diesel fuel prices last month — along with continuing declines in steel, copper and aluminum prices — overall construction costs were unchanged from February … Read more

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HITT Contracting Delivers Luxurious Capella Hotel

FALLS CHURCH, Va. — HITT Contracting Inc. delivered a new high-end, ultra-luxury Capella Washington, D.C., Georgetown hotel just as the cherry blossom season kicked into high gear.   Located in the heart of Georgetown overlooking the C&O Canal, the hotel is a stunning example of adaptive reuse of the former American Trial Lawyers Association headquarters originally built in 1963.   The new $50-million hotel is owned by Castleton Hotel Partners I, LLC and was developed by affiliate Castleton Holdings, LLC.   The owners are aiming to achieve a six-star rating. HITT undertook the construction renovation which included 49 new guest … Read more

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FMI Releases Q1-2013 Construction Outlook Report

RALEIGH, N.C. — FMI, a provider of management consulting and investment banking to the engineering and construction industry, released its Q1-2013 Construction Outlook. Although the strength of individual markets is shifting, the forecast for total construction put in place for 2013 continues to show an increase of 8 percent over 2012 levels. The $918,897 million estimate is a solid improvement, but FMI does not expect to return to the days of annual construction above the trillion-dollar mark until 2015. The star of the show is residential buildings with a 23 percent rise in single-family buildings. While much of the business … Read more

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AGC Releases February, Annual Construction Employment Update

Construction employment increased in 158 out of 339 metropolitan areas between February 2012 and February 2013, declined in 132 and was stagnant in 49, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that the industry’s long-awaited recovery could prove fleeting if public construction spending continues to decline and a reported immigration reform deal could undermine efforts to recruit skilled workers. “While construction employment continues to decline in many parts of the country, the number of communities experiencing gains continues to expand,” said Ken Simonson, the association's chief … Read more

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