Persistent Financing Crunch Continues to Plague Design, Construction Sector WASHINGTON, D.C. — The American Institute of Architects released a comprehensive report that concludes that the major obstacle holding back job creation in the United States is the persistent lack of construction financing, despite record low interest rates. “This report should lay to rest any doubt about what is a key source for holding back job creation in the United States," said Kermit Baker, chief economist of the AIA. “It is the lack of financing especially to the design and construction sector, which accounts for $1 in $9 of U.S. Gross … Read more
Team Reaches Structural Topping Out Milestone for Camp Pendleton Naval Replacement Hospital Project
SAN DIEGO, Calif. — The joint venture design-build team of Clark Construction Group, LLC, and McCarthy Building Companies, Inc., has topped out the 500,000-square-foot Naval Replacement Hospital Project at Camp Pendleton, having erected more than 4,000 tons of structural steel to reach the milestone. The Replacement Hospital at Camp Pendleton Project construction team has worked more than 250,000 man-hours over the past 14 months, with zero lost-time incidents. The project is currently one month ahead of schedule. When complete in early 2014, the new $394-million, multi-level hospital will encompass inpatient medical facilities with 54 patient rooms accommodating up to 60 … Read more
Potawatomi Tribe Successfully Completes DOE-Supported Solar Energy Project in Wisconsin
The Forest County Potawatomi Tribe has completed a solar photovoltaic installation project in Milwaukee, Wis. funded in part with $2.6 million from the U.S. Department of Energy. The project is one of five Community Renewable Energy Deployment (CommRE) projects that received DOE funding through the American Recovery and Reinvestment Act, and is the first to be completed. DOE’s CommRE projects help communities implement long-term renewable energy technologies, create jobs, and provide examples for replication by other local governments, campuses and small utilities. Located on the rooftop of the tribe’s administration building in Milwaukee, the solar energy system was installed by … Read more
Construction Underway on New Patient Tower at St. Jude Medical Campus in California
FULLERTON, Calif. — The design/build team of McCarthy Building Companies, Inc., and TAYLOR, are working with St. Joseph Health System to build a new patient tower, parking structure and central utility plant at the St. Jude Medical Center in Fullerton, Calif. An integral part of the St. Jude Medical Center's multi-phased Master Plan, the $285.4-million project includes construction of a 200,000-square-foot, four-story acute care building with a connecting bridge to level four of the existing hospital building and a 14,000-square-foot central utility plant. Along with architect International Parking Design of Irvine, Calif., McCarthy is also adding 215 parking spaces to … Read more
Construction Spending Increases Slightly in September
Construction spending increased by 0.2 percent between August and September but was down 1.3 percent compared to September 2010, the Associated General Contractors of America reported in an analysis of new Census Bureau data. Association officials noted that growing declines in public sector activity continue to offset modest increases in private sector demand for construction. “In less than a year's time, the public sector has gone from propping up the construction industry to holding,” said the association's chief economist, Ken Simonson. “Even as local and state budgets continue to contract, the federal government is winding the stimulus and base realignment … Read more





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