Search results for: 'salem partners'

Salem Partners secures approval for $750m hotel-condominium project in Honolulu

Los Angeles-based real estate developer Salem Partners has secured final permission from the Honolulu City Council to build a second project under Honolulu’s Ala Moana Transit Oriented Development Plan. 

Construction begins on $4.2bn terminal building at LaGuardia Airport

LaGuardia Gateway Partners (LGP) consortium has started construction on a new 130,000sq m Terminal B building at LaGuardia Airport in New York, USA.The consortium includes Vantage Airport Group, Skanska and Meridiam, together with the Port Authority of New York and New Jersey.The $4.2bn project will involve the construction of a 35-gate terminal, along with a new west parking garage and other supporting facilities.Work will commence with a roadway network and a new 3,000-space parking garage that will minimise congestion at the airport. The project design reflects the recommendations from the Governor’s Airport Advisory Panel, which includes the new light-filled central hall where passengers arrive, set to connect Terminals B and C.LGP and the Port Authority of New York and New Jersey have recently secured financing for the project.The new airport, expected to achieve LEED Gold certification, is set to open in 2018, with all portions of the redesigned Terminal B scheduled to open by the end of 2021. The project is expected to create 8,000 direct jobs and 10,000 indirect jobs.

Balfour Beatty to build 14 care centres in Ireland

UK-based Balfour Beatty is set to commence construction work on 14 primary care centres across Ireland.The €140M project has achieved financial close and is being delivered by a consortium, which includes Prime, Balfour Beatty and InfraRed Capital Partners Limited.The new centres, to be built over a 27-month programme, will be located in Galway, Kildare, Limerick, Mayo, Roscommon, Sligo, Waterford, Tipperary and Wexford.Balfour Beatty bid director Tzvetelina Bogoina said: "Balfour Beatty is a trusted partner in the healthcare sector having delivered over £2bn worth of hospitals and care centres over the past decade."We look forward to handing over the primary care centres which will make a positive difference to local communities in terms of health outcomes as well as added social value outcomes in the creation of local employment and local supply chain opportunities and student placements and taster days throughout the construction phase.”

Balfour Beatty secures financing for data centre expansion project in Ontario

Balfour Beatty Investments has secured financing for the Enterprise Data Centre (EDC) Borden expansion project in Ontario, Canada.The CAD322M ($245.2M) contract has been awarded by the Canadian government to Uptime Infrastructure Partners, a consortium that includes Forum Equity Partners, Walsh Contractors and Balfour Beatty .The consortium will provide the design, construct, finance and facilities management services for a new 10,000sq m data centre located on the Canadian Forces Base. Balfour Beatty Investments and Forum Equity Partners will finance the project, while Walsh Canada will provide construction services.Balfour Beatty Investments Canada senior vice president Chris Arthur said: “This project represents a meaningful win for our organization since this is the first of a potential pipeline of P3 projects for the Canadian Department of National Defence, and a demonstration of continued growth of our business in this key market.“We look forward to working with such a respected group of partners who have a well-established presence in the data centre sector.”Construction is expected to start in June 2016 and the first of four phases of the new facility will be completed in late 2017.

US DOE green lights $2.5bn transmission project

The US Department of Energy (DOE) has approved and agreed to participate in Clean Line Energy Partners’ Plains & Eastern Clean Line transmission project.Estimated to cost $2.5bn, the project is due to be the largest clean energy infrastructure project in the US. It will offer 4,000MW of low-cost, clean power from the Oklahoma Panhandle region to customers in Arkansas, Tennessee and other states in the Mid-South and Southeast through a 705-mile direct current transmission line. The power generated is expected to be sufficient for over one million American households.The project will be entirely funded by private investment, and is anticipated to create thousands of jobs in Oklahoma, Arkansas, and Tennessee. It will include the construction of a 500MW converter station in Arkansas.Clean Line Energy Partners president Michael Skelly said that the regulatory nod will allow construction work to begin in 2017.

ONEOK Partners completes phase one of Roadrunner pipeline project

ONEOK Partners has completed the first phase of the Roadrunner Gas Transmission pipeline project in West Texas, US.