It will come as no surprise that merger and acquisition activity in the construction industry has decreased in the past 18 months. The same is true across all sectors of the economy. Acquisitions that were completed were strategically focused. However, for those companies with the financial resources, the past 18 months have presented opportunities for growth and expansion at a reasonable price. Strategic vs. Financial The current trend in mergers and acquisitions (M&A) is toward strategic rather than purely financial deals. Buyers and sellers often are looking for a strategic match that complements their business, expands their geographic presence or
Investment in and outreach to the community can be much more than just feeling good about helping others. If giving back flows creatively from the values of your company, it will help retain your best employees, recruit new ones and integrate your company as part of the community. The question becomes not only, “Is it worth more than the good feelings giving back brings?” but also, “How does my company build—or improve—our strategy for investing in the community?” What Employees Want Today’s employees are looking at a bigger picture of their employer, asking more than just what their compensation will
The pedestrian bridge at 18th Street in Denver’s Central Platte Valley opened March 5, providing a second connecting point to Riverfront Park and Commons Park from Union Station and Lower Downtown. The bridge is a 170-ft-long span with a copper-clad elevator tower at each end. It was financed by the Central Platte Valley Metropolitan District through mill levies on Central Platte Valley property owners east of the Consolidated Main Line. 68West Engineering Inc. facilitated and coordinated the design team and managed construction, Edward Kraemer & Sons served as the general contractor, OZ Architecture was the designer, and S.A. Miro did
W.W. Clyde & Co. has been awarded the contract for a $2.7-million overpass construction project in Twin Falls. Photo courtesy of IDOT The new Twin Falls overpass will tie into the U.3. 93 Twin Falls Alternate Route project, currently under construction, that takes the place of an originally proposed stoplight. The new overpass will tie into the U.S. 93 Twin Falls Alternate Route project, another W.W. Clyde-led project currently under construction. Both projects are expected complete in the fall. The flyover takes the place of the originally proposed stoplight, which was part of the U.S. 93 Alternate Route project when
Construction is underway on a new state-of-the-art, 20,000-sq-ft library in Magna, Utah. Rendering courtesy of Komatsu Komatsu�s new headquarters in Salt Lake City will include 10 service bays plus a wash bay, a paint bay, an additional track shop and expanded rebuild area. The new facility is being built by West Jordan-based ONYX Construction in the heart of downtown Magna at 8940 West 2700 South and will double the size of the existing library. Designed by Salt Lake-based architectural firm CRSA, the library will serve as a focal point for the community, providing an anchor to the walkable retail district
Hanging more than 200 ft over a jobsite in downtown Kansas City, Mo., James Hague doesn’t seem to notice the tiny people and equipment below his feet. Photo: Tudor Van Hampton Hanging from a protective harness, Hague uses a dial gauge to check for excessive play in the crane�s rotator gear. The senior technician is intently fiddling with a dial gauge that measures the amount of play in a crane turntable—the giant gear that rotates the jib. “A bearing could go bad,” says Hague, suspended from a full-body harness. “And that’s something we want to know before the top falls
Las Vegas� $8.5-billion CityCenter development � the country�s largest privately backed project � may soon have the country�s largest mechanic�s lien. Tutor Perini Corp., Sylmar, Calif., recently notified co-developers MGM Mirage Inc., Las Vegas, and Infinity World Development Corp., that it planned to file a $492-million mechanic�s lien on the seven-building, 18-million-sq-ft complex of hotels, homes and entertainment space. The news was disclosed in a Mar. 12 MGM Mirage (NYSE: MGM) Securities and Exchange Commission filing. Photo courtesy of CityCenter Land LLC The closeout of CityCenter, the country�s biggest private project, may get complicated. Related Links: Strip Superstar: CityCenter makes
The University of Nevada, Las Vegas, claims that a three-year-old student recreation facility at its main campus fails to meet some seismic requirements under the 2002 Uniform Building Code. The structure remains open, but a warning notice is posted. Photo: Luetta Callaway Investigator alleges differences between flexible and rigid components cause problems. Designed by the Phoenix office of DMJM Design, a unit of AECOM, with St. Louis-based Hastings+Chivetta Architects Inc., the building is likely to end up in court. Bennett & Jimenez Inc., Las Vegas, which has since shut down, was the structural engineer. Phoenix-based Kitchell Contractors was the construction
The Kemmerer family, owner of the Jackson Hole Mountain Resort, faced a dilemma five years ago. Photo by Tristan Greszko The JHMR tram has the longest vertical rise of any North American ski resort and provides visitors with 360-degree vistas that include Grand Teton National Park, the Snake River and the Jackson Hole Valley. The resort�s iconic aerial tram, dubbed �Big Red,� was a year shy of turning 40. A study had revealed that the tram required extensive maintenance and improvements. The Kemmerers had to decide whether to invest about $15 million to upgrade the tram or an estimated $25
The new $364.9-million hospital is the VA�s largest contract ever awarded. Image: RTKL/JMA As its first new hospital in over 20 years, the VA is pulling out all the stops with a nearly 1-million-sq-ft building in North Las Vegas. Photo: Clark/Hunt JV The seven-story hospital will be skinned with blast-proof laminated glass and Trespa-brand smooth finish insulated metal panels. The ground-level will be skirted with a resilient concrete masonry block. Related Links: A Banner Year for Hospitals The U.S. Dept. of Veteran’s Affairs is betting big on Southern Nevada. The federal agency in charge of soldiers’ health is building its
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