VOL. 129 | NO. 128 | Wednesday, July 02, 2014

Cypress Realty Holdings Co. has filed a $7 million construction loan for a medical office building on Wolf River Boulevard in Germantown.

Operating as Cypress Realty Holdings Co. II 7600 WR LLC, the company filed the loan June 27 through Financial Federal Bank. Price D. Ford Sr. signed the trust deed as president of the borrower.

Cypress Realty Holdings Co., whose principals Joe Jarratt and Ford also operate Ford Jarratt Realty & Development Co., bought the land which included another parcel at the time that has already been developed in 2007 for $3.9 million.

The Memphis-based real estate firm filed a $4 million building permit last year for a two-story, 36,000-square-foot medical office facility on the nearly 3-acre lot along the north side of Wolf River Boulevard.

The Shelby County Assessor of Propertys 2013 appraisal of the land, which backs up to the Wolf River, was $1.4 million.

Source: The Daily News Online & Chandler Reports

Daily News staff

A Nashville-based law firm is moving into permanent space at the Renaissance Center office building.

Waller Lansden Dortch and Davis LLP, which opened a Memphis office in February, has leased 10,000 square feet in the East Memphis office building at 1715 Aaron Brenner Drive.

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Cypress Realty Files $7 Million Construction Loan

Chandler officials and developers began the process toward building an office facility on Wednesday thats expected to bring hundreds of jobs to the Price Road corridor.

Kieckhefer Properties and Willmeng Construction Inc. broke ground Wednesday on Chandler 202, a three-story, 140,000-square-foot office building located near the intersection of Frye Road and Ellis Street.

The Class A office facility can be used as either a single- or multi-tenant property and is expected to provide 700 to 1,000 jobs when completed. No companies are planning to move into the space as of yet. Completion is scheduled for March or April 2015.

Chandler Chamber of Commerce president and CEO Terri Kimble said the development is an important addition to the Chandler economy.

Its more jobs, its more job creation and this is more opportunity, she said. Right now, we dont have a whole lot of vacant buildings to be able to bring companies into, and this adds one more tool for economic development to be able to help fill these buildings.

The building was originally planned in the 1990s, but 9/11 and a struggling economy caused the project to be delayed, said Bill Woodruff, general manager of Kieckhefer Properties.

The projects groundbreaking was initially scheduled for April, but the buildings design was tweaked to be taller, pushing the start to June.

When we first came out here, this was 40 acres of farmland and we had a plan to put streets in, put buildings on and this is the final piece to it, Woodruff said.

The Price Road corridor is known for its plethora of tech companies including Intel, Orbital and Infusionsoft. Other prominent companies in the corridor, which stretches south of the Loop 202 Santan Freeway, include Nationstar, OnTrac, eBay, PayPal and Wells Fargo. Wells Fargo is the citys fourth-largest employer.

Jim Smith, an economic development specialist for Chandler, said the Chandler 202 building is a natural fit for the corridor.

Excerpt from:
Officials break ground on new Chandler 202 office space

Construction spending barely increased in May as gains in spending on nonresidential projects such as office buildings and public construction were largely offset by a big drop in home building.

Construction spending edged up 0.1 percent in May after a much stronger 0.8 percent April increase, the Commerce Department reported on Tuesday. The back-to-back gain followed a period of weakness in which spending fell in January and February and was flat in March.

The industry has struggled with an unusually severe winter which curtailed building activity in many regions.

Construction activity totaled $958.1 billion at a seasonally adjusted annual rate in May, up 6.6 percent from a year ago.

Economists are forecasting that housing and overall construction will regain momentum in coming months, helping to boost overall economic growth.

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Construction spending up 0.1%

Construction Company Home Construction Company Project Directory Office Building Construction Projects Below is a list of Office Building construction projects by General Contractor Bob Moore Construction company.

Pioneer 360 Business Center Arlington, Texas 1,164,000 SF Role : General Contractor Building Type : Warehouse / Distribution Center / Flex / Tech / Office

Pinnacle Park Phase I and II Dallas, Texas 955,000 SF Role : General Contractor Building Type : Office / Warehouse

First Garland Business Center I & II Garland, Texas 944,000 SF Role : Design / Build Contractor Building Type : Office / Warehouse

Frankford Trade Center Building VI Carrollton, Texas 659,000 SF Role : General Contractor Building Type : Office / Warehouse

Frankford Trade Center Building VII Carrollton, Texas 659,000 SF Role : General Contractor Building Type : Office / Warehouse

Radio Shack Distribution Center Fort Worth, Texas 640,000 SF Role : General Contractor Building Type : Distribution Center / Office / Warehouse

MJ Designs Office & Distribution Center Coppell, Texas 504,000 SF Role : Design / Build Contractor Building Type : Office / Distribution Center

First Garland Business Center Phase II Garland, Texas 435,180 SF Role : Design / Build Contractor Building Type : Office / Warehouse / Distribution Center

Coaster Company of America Distribution Center Fort Worth, Texas 405,000 SF Role : General Contractor Building Type : Distribution Center / Call Center / Office / Warehouse

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Office Building Construction Projects by General ...

By MARTIN CRUTSINGER AP Economics Writer

WASHINGTON (AP) - U.S. construction spending barely increased in May as gains in spending on non-residential projects such as office buildings and public construction were largely offset by a big drop in home building.

Construction spending edged up 0.1 percent in May after a much stronger 0.8 percent April increase, the Commerce Department reported Tuesday. The back-to-back gain followed a period of weakness in which spending fell in both January and February and was flat in March.

The construction industry has struggled with an unusually severe winter which curtailed building activity in many regions.

Construction activity totaled $958.1 billion at a seasonally adjusted annual rate in May, up 6.6 percent from a year ago.

Economists are forecasting that housing and overall construction will regain momentum in coming months, helping to boost overall economic growth.

However, housing suffered a setback in April, falling 1.5 percent. Single-family home construction was down 1.4 percent while apartment construction dropped 0.6 percent. Overall, housing construction is up 7.5 percent from a year ago.

Non-residential construction rose 1.1 percent, led by a 4.3 percent rise in construction of power generating facilities. Construction of office buildings was up slightly but spending on hotels and the category that covers shopping centers both showed declines.

Spending on government projects rose 1 percent with a 2 percent jump in spending on state and local building projects offsetting an 8.9 percent decline in spending by the federal government on building projects.

A slump in construction in the winter contributed to the economy shrinking at an annual rate of 2.9 percent in the January-March quarter, the biggest decline since the first quarter of 2009 during the depths of the Great Recession.

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US construction spending up 0.1 percent in May - Quincy Herald-Whig | Illinois & Missouri News, Sports

WASHINGTON - U.S. construction spending barely increased in May as gains in spending on non-residential projects such as office buildings and public construction were largely offset by a big drop in home building.

Construction spending edged up 0.1 percent in May after a much stronger 0.8 percent April increase, the Commerce Department reported Tuesday. The back-to-back gain followed a period of weakness in which spending fell in both January and February and was flat in March.

The construction industry has struggled with an unusually severe winter which curtailed building activity in many regions.

Construction activity totaled $958.1 billion at a seasonally adjusted annual rate in May, up 6.6 percent from a year ago.

Economists are forecasting that housing and overall construction will regain momentum in coming months, helping to boost overall economic growth.

However, housing suffered a setback in April, falling 1.5 percent. Single-family home construction was down 1.4 percent while apartment construction dropped 0.6 percent. Overall, housing construction is up 7.5 percent from a year ago.

Non-residential construction rose 1.1 percent, led by a 4.3 percent rise in construction of power generating facilities. Construction of office buildings was up slightly but spending on hotels and the category that covers shopping centers both showed declines.

Spending on government projects rose 1 percent with a 2 percent jump in spending on state and local building projects offsetting an 8.9 percent decline in spending by the federal government on building projects.

A slump in construction in the winter contributed to the economy shrinking at an annual rate of 2.9 percent in the January-March quarter, the biggest decline since the first quarter of 2009 during the depths of the Great Recession.

The sharp downturn reflected not just bad weather but a decision by businesses to slow restocking of empty shelves and trim their capital spending on equipment. Additionally, the trade deficit widened in the first quarter, which also held economic activity back.

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Construction spending up 0.1 percent in May

Anchorage, AK (PRWEB) June 30, 2014

In mid-June, Mint Dental Alaska broke ground on a brand new four-story office building on Tudor Road and Lake Otis in Anchorage.

According to Jon McNeil, DDS, Mint Dental Alaska decided to construct the new building as a way to expand its services for patients in the area and improve customer experience.

"This new office is important to us as it will allow us to better serve the Anchorage dental community in a friendly, state-of-the-art facility," Dr. McNeil said. "Patients' wait times will be reduced significantly, making for a better overall experience when they visit the dentist."

In addition to its four stories of retail and office space, the building will also feature underground parking and an all-new Mint Dental Alaska office, Dr. McNeil said. The community will be able to benefit from this addition of new space for stores and offices along with expanded dental care.

"This will benefit the area, as it will allow more shops and businesses to lease space and serve the local community," he said. "We are financing this building's construction because we believe in Anchorage and want to support its economy as well as its dental health."

Currently, Mint Dental Alaska offers a variety of different dental services and procedures -- from dental cleanings and check-ups to sedation dentistry, cosmetic dentistry, emergency dentistry and much more. The new office building will allow Mint Dental Alaska to provide all of these services to even more people in the surrounding area.

"We hope people continue to think of Mint Dental Alaska as a dental clinic that provides the best dental care for our patients," Dr. McNeil said. "With this expansion, we hope to continue our tradition of serving the community with the same quality service as we always have."

The new Mint Dental Alaska building is scheduled to open in the fall of 2015, according to Dr. McNeil.

Mint Dental is an Anchorage dentist office specializing in comprehensive dental services for the entire family. Visit online at mintdentalalaska.com

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Mint Dental Alaska to Expand with State-of-the-Art Office Building

The Office of the Australian Building and Construction Commissioner (ABCC) (20052012) was an independent, statutory authority, responsible for monitoring and promoting workplace relations in the Australian building and construction industry. The ABCC provided education, investigated workplace complaints and enforced compliance with national workplace laws in the industry. The ABCC did this by:

The ABCC was abolished on 31 May 2012, and many of its functions were taken on by a new independent, specialist agency called Fair Work Building & Construction.

The Royal Commission into the Building and Construction Industry was established in August 2001 and tabled its final report in March 2003.

The Royal Commission found that the building and construction industry was characterised by a widespread disregard for the law, cataloguing over 100 types of unlawful and inappropriate conduct.[1]

The Commission also found that existing regulatory bodies had insufficient powers and resources to enforce the law.

The Building Industry Taskforce (BIT) was the predecessor to the ABCC, and was established on 1 October 2002 as an interim body prior to the establishment of the national agency envisaged by Royal Commissioner Cole.

In March 2004 the Interim Taskforce became a permanent taskforce, operating until the BCII Act created the ABCC in October 2005.

Nigel Hadgkiss was the director of the BIT from October 2002 until it was subsumed by the ABCC. On 29 September 2005 the Hon. John Lloyd PSM was appointed as the inaugural ABC Commissioner. ABC Commissioner Leigh Johns took up his appointment on 11 October 2010.

On 16 February 2012, legislation to abolish the ABCC passed the House of Representatives by 71 votes to 70. The legislation passed through the Senate on 21 March, and the agency was officially abolished on 31 May 2012. On 1 June 2012, a new independent regulator, Fair Work Building & Construction, was created to take on many of the functions of the ABCC.

The ABCC could commence civil penalty proceedings against individuals and organisations who engaged in unlawful industrial action.

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Office of the Australian Building and Construction ...

June 28, 2014 11:41 PM Share with others:

Pittsburgh Post-Gazette

The Tower at PNC Plaza, a 33-story office building project at the corner of Wood Street and Fifth Avenue in Downtown Pittsburgh, hit a milestone last week: Workers installed the final steel beam for what will become the new global headquarters for PNC Financial Services Group. The buildings construction, which began in 2012 and is scheduled to finish by fall of 2015, will employ a total of 2,500 people, with up to 500 working at any given time.

Its anyones guess whether the hundreds of white collar workers who will eventually take their desks inside will give much thought to how their new workday home, which PNC calls the greenest building in the world, was put together.

Tapping away at keyboards or punching phone numbers inside, theyll be surrounded by thousands of tons of beams and look out through hundreds of huge glass windows that help cycle heat in and out to regulate temperature. Harder to visualize are the precise calculations that went into determining how much that steel skeleton would compress as floors and weight were added, the feats of skill and teamwork employed to drop the pre-fabricated windows weighing hundreds of pounds each into place and the minor miracle of scheduling and trucking that delivered the innumerable individual pieces of the tower to a congested Downtown job site every day, among myriad details.

Post-Gazette staff writer Robert Zullo and photographer Michael Henninger spent weeks detailing the construction of the building so far. Heres what they have seen.

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Inside the making of The Tower at PNC Plaza, Downtown Pittsburgh's newest skyscraper

Posted Thursday, June 26th 2014 @ 3pm

Mayor Castro and city officials today announced plans to build the first high rise office building downtown in a quarter century, 1200 WOAI news reports.

The Public Private Partnership agreement, which is still very much in the planning stage, would involve the developer Weston Urban, which is the developer of the very successful Weston Center downtown, to work with the city and Frost Bank to build the Frost Bank Tower, which officials say would be in the 'forty story range,' at Flores and Houston Street.

"This will increase housing in the downtown area, consolidate city offices, and facilitate the construction of the first new office building in downtown since 1988," Castro said.

The plan involves Frost Bank turning over it's headquarters to Weston Urban and the city turning over the Main Plaza Building to the developer.

"Weston Urban would construct a new office tower, which would serve as Frost Bank's headquarters, on the northwest corner of Flores and Houston Street."

Weston Urban CEO Randy Smith said the structure would be 'iconic.'

"I hope that this would be recognized to celebrate one of San Antonio's great corporate citizens," Smith said. "Through this proposed project, Frost's commitment to downtown amplifies Weston Urban's."

Smith said the building will also allow Weston Urban to redevelop the Main Plaza into condominiums, so people can live on Main Plaza, next to the historic San Fernando Cathedral, in the heart of the city.

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New Skyscraper Proposed Downtown