Equipment Leasing and Finance Association's Survey of Economic Activity: Monthly Leasing and Finance Index

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WASHINGTON, D.C. — The Equipment Leasing and Finance Association's Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $827-billion equipment finance sector, showed their overall new business volume for July was $7.8 billion, up 8 percent from new business volume in July 2013. Month over month, new business volume was down 13 percent from June. Year to date, cumulative new business volume increased 4 percent compared to 2013.   Receivables over 30 days increased from the previous month to 2.7 percent, and were up from 1.5 percent in the same period … Read more

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Swinerton Breaks Ground on Irvine Valley College Design-Build Classroom Building

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IRVINE, Calif. — On Aug. 12, Swinerton Builders broke ground on South Orange County Community College District's first design-build project. The $9.1-million, two-story A400 building is located at Irvine Valley College. Swinerton's design-build team, which includes design architect DLR Group, expects construction to complete in 12 months, with occupancy by the college planned for fall semester 2015. The two-story design creates a compact footprint, which will have the new 27,000-square-foot building fit within the same footprint as the previous one-story A400 building (demolished on June 23), which was just over 14,000 square feet. The design of the classroom spaces will … Read more

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10-Story Washington, D.C. Office Building Contract Goes to Clark

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WASHINGTON, D.C. — Square 452, LLC, a partnership of Gould Property Company and Oxford Properties Group, has awarded Clark a contract for the 600 Massachusetts Avenue project located between 6th and 7th Streets along Massachusetts Avenue Northwest in Washington, D.C. Clark will construct the core and shell of the 400,000-rentable-square-foot office building complete with a concourse level and three below-grade levels of parking. Designed by CORE, the 10-story building will be clad in curtain wall glazing, composite metal panels, brick veneer and a stone façade. The building will feature Class-A office space, a two-story glass atrium in the lobby with … Read more

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Brasfield & Gorrie Begins Construction of Wekiva Springs Addition

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JACKSONVILLE, Fla. — Brasfield & Gorrie announced the company marked the start of construction on a $9.8-million addition at Wekiva Springs Center during a groundbreaking ceremony on Aug. 19 in Jacksonville, Florida. The 20,000-square-foot expansion will add 60 patient beds to the behavioral health facility and also includes a new 5,000-square-feet outpatient facility, dining renovation and site upgrades. The project team will utilize integrated project delivery, a collaborative delivery method designed to improve construction efficiency, risk management and predictability of cost and schedule. “This project will enhance the center's ability to meet the needs of patients in Jacksonville, and we … Read more

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Equipment Leasing and Finance Industry Confidence Eases from Previous Two Months

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WASHINGTON, D.C. — The Equipment Leasing & Finance Foundation recently released the August 2014 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $827-billion equipment finance sector. Overall, confidence in the equipment finance market is 58.9, easing from the previous two months" indexes of 61.4.   When asked about the outlook for the future, MCI-EFI survey respondent Thomas Jaschik, president, BB&T Equipment Finance, said, “The next two months will be very interesting … Read more

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