The signs of a gradual recovery are beginning to surface for the region's design firms as private sector work—especially for the commercial, multifamily and higher education markets—increases.
Opinions may differ on where the heart of New York is, but two developers have set out to make a 26-acre site on Manhattan's West Side a serious contender for the title.
Starting up an energy-focused contracting firm in the early days of energy-sector deregulation in New Jersey seemed like a good idea at the time to Frank DiCola, Michael Jingoli and Joseph R. Jingoli Jr.
At its core, Public Service Enterprise Group (PSEG) is like any other energy services company that aims to meet or exceed shareholder value and keep power flowing through sweltering summers and record-breaking storms.
The good news is that the baseline contract value of projects in the region's Top Starts rankings rose to $127 million last year, more than double that of 2010. The not-so-good news is that the combined total of the 25 projects in the rankings only reached $7.9 billion, a 10% decline from 2010 and down 58% from the $18.6 billion posted in 2009.
The merging of three key specialty firms, two with parallel origins, has launched an ascending star, GreenStar Services, that has kept both revenue and jobs flowing through the economic downturn.