A large, defunct crane company is gearing up for a second act. Pompano Beach, Fla.-based General Crane USA’s liquidation plan received final court approval on Dec. 17. Newly formed Allegiance Crane & Equipment LLC, Pompano Beach, Fla., paid $40 million for properties and equipment. The firm secured financial backing from Southlake, Texas-based Prophet Equity. General Crane managing partner James A. Robertson is now president of Allegiance Crane & Equipment. The company expanded aggressively during the building boom, spending $65 million for new equipment between 2006 and 2007 while expanding into new markets. As the economy tanked and credit lines evaporated,
Every year in the construction industry, some firms achieve new milestones in contracts or find success where others faltered. As the new year gets under way amid what may be the twinklings of an economic recovery, ENR Southwest looks at six diverse companies whose work could make a difference in the coming year, and help to shape and refine the future of the region's construction industry. Kovach Inc. Metal panel subcontractor uses design-assist to add panache to key projects Specializing in the fabrication and installation of high-quality metals, aluminum composite material and stone veneers for complex exterior designs, Kovach also
Tutor Perini Corp., Sylmar, Calif., has purchased Fisk Electric Co. for $105 million in cash and an undetermined amount based on future results. Privately held Fisk reported 2010 revenue of about $305 million and a $190-million project backlog, although both dropped this year. The firm has worked with Tutor Perini on several projects, including the $8.5-billion CityCenter in Las Vegas. Based in Houston, Fisk will operate as a wholly owned Tutor Perini unit, with existing senior managers remaining in place. Publicly owned Tutor Perini had $2.51 billion in revenue for the first nine months of 2010, down 38.3% from $4.07
Article toolbar Longtime Las Vegas Architect Joel Bergman recalls when the leaded glass ceiling debuted inside the Tropicana over 30 years ago. “Nothing like that had been done before inside a casino. It changed the texture of design in Las Vegas,” he says. Photo courtesy Tropicana Las Vegas 1,658 rooms Every guest room and suite was redone, with new decor, furniture and color schemes. Bergman would know. He spent 16 years as Steve Wynn’s in-house architect, helping create The Mirage, Treasure Island and Golden Nugget, before founding Bergman Walls & Associates in 1994. The Tropicana’s $1 million, 4,000-sq-ft Art Nouveau-style
Tutor Perini Corp., Sylmar, Calif., has purchased Fisk Electric Co. for $105 million in cash and an undetermined amount based on future results. Privately held Fisk reported 2010 revenue of about $305 million and a $190-million project backlog, although both dropped this year. The firm has worked with Tutor Perini on several projects, including the $8.5-billion CityCenter in Las Vegas. Based in Houston, Fisk will operate as a wholly owned Tutor Perini unit, with existing senior managers remaining in place. Publicly owned Tutor Perini had $2.51 billion in revenue for the first nine months of 2010, down 38.3% from $4.07
A new $4-billion megaresort will test Las Vegas� recession-racked tourist-based economy, but, perhaps more significantly, it concludes years of work for 3,220 tradesmen and construction staff responsible for the 2,995-room, 6.96-million-sq-ft Cosmopolitan Casino Resort at 3708 S. Las Vegas Blvd. Perini Building Co., a unit of Tutor Perini Corp., Sylmar, Calif., is the general contractor. Just 48 months ago, Nevada construction employed 150,000 people � a figure that since plummeted by 70%, reports Las Vegas-based business advisory firm Applied Analysis. Photo Courtesy Bill Hughes A new $4-billion megaresort will test Las Vegas� recession-racked tourist-based economy, but, perhaps more significantly, it
Anewly opened $4-billion Las Vegas mega-resort will test the city’s recession-racked, tourist-based economy, while concluding years of work for 3,220 tradespeople and construction staff responsible for the 2,995-room, 7-million-sq-ft Cosmopolitan Casino Resort. Photo: Bill Hughes The Cosmopolitan was the right hotel-condo-casino at the wrong time, a source says. Characterized in one media report as the city’s “most expensive debacle,” the bank-owned hotel complex, set to open a year late on Dec. 15, epitomizes Vegas’ real estate boom gone bust. Developers broke ground on the project, originally valued at $1.8 billion, in late 2005 with little cash down. The price tag
For the second time in six months, an unexpected intrusion of water and mud has stalled the $447-million construction of a third water intake at Lake Mead near Hoover Dam in southern Nevada. The problem could delay project completion at the drought-ravaged lake by a year and increase costs by “tens of millions,” says a project official. Photo: Courtesy of SNWA Water intake construction project at Lake Mead could face delays and higher costs because of unexpected water and mud 600 ft below ground. + Image The new intake is intended to draw water deeper from the dwindling lake that
WICKHAM George Wickham, the former principal of San Francisco tunnel and geotechnical engineer Jacobs Associates Inc. who was known for his cost-estimating expertise, died on Oct. 25 in Lake Wildwood, Calif. He was 89. Wickham joined the firm in 1957 after 10 years of work for a contractor. He co-authored a 1974 research paper that introduced rock-structure rating methodology to tunnel design, according to Jacobs. The approach quantifies and predicts the support required for a tunnel based on key geologic parameters. Says the company, “Others have built on this work to produce rock-mass classification systems” that are widely used in
