California
SDG&E Signs Renewable Power Contract With Tenaska Project That Will Use Locally… — SAN DIEGO, March 10, 2011 /PRNewswire/ –
San Diego Gas & Electric, a renewable energy company managed by Tenaska Solar Ventures, announced a 25-year contract for up to 150 megawatts (MW) of solar energy to be generated at the Imperial Solar Energy Center (ISEC) West’s proposed 1,057-acre solar energy facility near El Centro, Calif. This project will create nearly 300 construction jobs [...]
Specialty Contractors Support Governor Brown’s Hiring Freeze With Limited Exemptions
Specialty contractors support Governor Brown’s recent order to freeze hiring, particularly given the emphasis on permitting agencies to fill positions that “are critical to public safety and revenue collection.” The California Professional Association of Specialty Contractors (CALPASC) has been working with state agencies, which are not funded through the general fund, to allow them the [...]
Colony Capital Partnering With Argent Management to Manage $1.2 Billion U.S. Land
Colony Capital, a real estate investment and advisory firm, is partnering with Argent Management LLC to acquire and manage a $800 million portfolio of real estate acquisition, development and construction (ADC) loans that Colony recently acquired from the Federal Deposit Insurance Corporation (FDIC). Combined with another $400 million portfolio that Argent has already been working [...]
Construction Defect Forum to be held March 3-4 in Marina Del Rey, CA
Despite economic troubles, construction defect litigation endures and in some areas appears to be growing, according to Tom Hagy, CEO of HB Litigation Conferences. In this litigation, he explains, the stakes are big and the players are under pressure to improve case outcomes while saving money. To educate attorneys and in-house counsel on many of [...]
Sunvalley Signs Residential Solar Installation Contracts in Palm Desert, CA
Sunvalley Solar Inc. a solar power technology and solar system integration company, announced that it has signed several residential solar installation contracts within the Palm Desert area. Encouraged by the success of its Green Farm Solar Plan, a plan designed to help commercial and agricultural customers ‘go green’ without any initial cash outlay, Sunvalley launched [...]
$80.4 Million “Potrero Launch” project brings jobs to San Francisco
SAN FRANCISCO — Contributing to San Francisco’s efforts to increase housing development and business activity in city neighborhoods, Martin Building Company, Citi Community Capital and the AFL-CIO Housing Investment Trust (HIT) have announced financing for the $80.4 million Potrero Launch residences project in the Central Waterfront area. The union-built development will produce 196 rental units, [...]
California State Announces $1.4 Billion for “Shovel-Ready” School Construction Projects
California’s State Allocation Board (SAB) announced that it has allocated $1.4 billion for “shovel-ready” school construction projects across the state. These state matching funds will help finance 442 school construction projects within 137 school districts, resulting in substantial job creation. The construction dollars approved represent a second round of funding approved under accelerated funding rules [...]
Developers announce deal with city of Los Angeles, labor to tear down, rebuild Wilshire Grand Hotel
Developers are moving forward on plans to tear down the old Wilshire Grand Hotel and build a new luxury hotel and office tower rising up over the 110 Freeway. Today developers announced agreements with the city of Los Angeles and with labor unions to build the new office tower and luxury hotel at 7th and [...]
For San Francisco Local Hiring Law to Succeed, Plenty of Cooperation Is Required [Editorial]
The San Francisco Board of Supervisors gave initial approval last week to legislation that will eventually require 50 percent of all work on city-financed construction projects to go to San Francisco residents — the strongest such law in the country. It seems like a straightforward step to boost the city’s economy, but the thicket of [...]
