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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KBE Building Corp. Completes Second Commissary Project

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ANNAPOLIS, Md. — KBE Building Corporation has completed its second project for the federal Defense Commissary Agency — the new Commissary and Navy Exchange project in Annapolis, Maryland. KBE served as general contractor for the $27-million project, which included the renovation of the 51,000-square-foot Joint Commissary and the new construction of a 98,000-square-foot Navy Exchange with a 10,000-square-foot garden center. The Joint Commissary and Navy Exchange is a one-story building of brick and block exterior, steel frame and white membrane roof. The project is eligible for LEED Silver certification for the unique way it captures onsite rainwater. Roof pipes direct … Read more

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Architecture Billings Index Reaches Highest Mark Since 2007

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WASHINGTON, D.C. — The last three months have shown steadily increasing demand for design services and the Architecture Billings Index is now at its highest level since 2007. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the July ABI score was 55.8, up noticeably from a mark of 53.5 in June. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 66.0, following a very … Read more

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