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When it comes to the Raiders’ off-field play, the team boasts an impressive win streak. First, the team played a key role in securing $750 million worth of tax dollars to support a domed $1.9 billion stadium just off the Las Vegas Strip. Then the Raiders informed the Las Vegas Stadium Authority that the NFL needs an approved lease agreement …
The US construction industry experienced an optimistic 2016 with modest, steady growth across all sectors. Despite seasonal swings and uncertainty in the potential impact of regulatory and legislative changes, US construction continues its gradual progress forward according to JLL’s Q4 2016 US Construction Outlook report. Read more here>>>
KINGSTON, N.Y. >> HealthAlliance of the Hudson Valley has yet to hear from state officials on its September application to expand one hospital campus and to convert the other into a “medical village.” In a brief email last week, Marketing Director Lynn Nichols said there was no new information on HealthAlliance’s application to the state Health Department. “We do not …
The battle with Julian Development and its handling of the town’s partially contaminated fill pile has found its way to court. The town has filed suit in state Superior Court in Bridgeport against Julian, seeking up to $3 million in payment over the fill pile on One Rod Highway. Claiming a breach of contract, the town has filed a request …
When Boston-based Pembroke Real Estate bought the 430K SF office building at 1201 New York Ave. NW in 2006, the adjacent City Center DC was still in the planning stages, and central business district rents were still low enough to fill buildings with federal government tenants. Read more here>>>
When Holland Park finally reopens for good in June, there’ll be the inevitable reflections about the project being a year behind schedule, about how the city had to fire the original contractor and invoke the surety bond on the $4.7 million contract, and the city itself might even get some of the blame. Read the full article >>>
No more charges out of the second grand jury convened to investigate the near-bankruptcy of Pennsylvania’s capital city. But the 82-page report does make some recommendations for changing state law: Extend the statute of limitations of public officials in Pennsylvania. Law enforcement already gets extra time to charge public officials, but ambiguity arose during former Mayor Stephen Reed’s trial over …
When you’re looking at the relevance of surety in today’s market and how it competes, to do that we need professional surety producers who understand clients and surety and how to match them, and also have all the skills in underwriting and contract and financial analysis. But what’s missing a lot of the time is being just as professional on …
Executives in the construction sector named geopolitical instability and workforce management issues as the biggest challenges facing their industry, Willis Towers Watson P.L.C. said in a report released Wednesday. Geopolitical issues were the top threat overall, primarily due to uncertainty of government support and financing, postponement and delays, changes in strategy, and commitment to project pipelines, Willis Towers Watson said …
The state has effectively fired the contractor of the new Broughton Hospital. In a letter dated April 20 sent to Archer Western Contractors and Travelers Casualty & Surety Co. of America, the N.C. Department of Health and Human Services said the contractor has failed to resolve or cure six of the seven grounds for annulment the state laid out in …
