News

A CEO’s Call to Action

3 mins
MIDLAND, Mich. — The CEO of a major multinational corporation called for “immediate, decisive investments” in the green manufacturing sector to help “boost America’s exports, lower the trade deficit, create jobs and increase its competitiveness in a dynamic world marketplace.”
 
Stephanie A.

Read More

$11.7 Million Federal Grant to Fund Health Clinic

2 mins
LEXINGTON, Ky. — An $11.7 million federal grant was awarded to build a 60,000-square-foot physical and mental health treatment facility for the poor and homeless in Lexington.
 
The grant comes from the American Recovery and Reinvestment Act, and has been in the works for more than a year.

Read More

Army Medical Facilities Contract Goes to General Dynamics

2 mins

FAIRFAX, Va. — A contract to support the U.S. Army Medical Department’s healthcare construction projects was awarded to General Dynamics Information Technology, a business unit of international contracting firm General Dynamics.

The indefinite delivery/indefinite quantity contract is one of five granted by the U.S. Army Corps of Engineers and includes modernization of Army medical facilities and the transition to newly constructed facilities. The projects are potentially valued at $409 million if all options are exercised.

Read More

Construction Begins on Medical School Tower

3 mins
PIKEVILLE, Ky. — Ground breaking ceremonies were held recently at Pikeville College to celebrate the construction of a nine-story educational facility, expanded clinical skills center and cafeteria/commons scheduled to be completed in March 2012.
 
The facility has a projected cost of $25 million, with ancillary costs elevating the project to about $30 million.

Read More

Medical Office Developer Files for Bankruptcy

4 mins
INDIANAPOLIS — The developer of an unfinished medical office complex filed for Chapter 11 Bankruptcy protection, four years after its main lender also filed for bankruptcy.
 
Binford Medical Developers, based in Indianapolis, filed Chapter 11 reorganization earlier this month on an $8.5 million, 47,000-square-foot unfinished project in the city. The decision to file for bankruptcy protection was done in hopes of preventing a forced sale to collect unpaid taxes and to resume construction on the 17-acre property, according to the company.

Read More

HUD to Insure Hospital Construction Loan

2 mins

WILLAMETTE, Ore. — The U.S. Department of Housing and Urban Development has made it possible for work to begin on a hospital project in Stayton, Ore., by insuring a $21.7 million mortgage loan for construction, according to reports.

Officials with Santiam Memorial Hospital had been waiting for construction to start on a new four-story patient tower that will replace an aging tower built in 1953,  but could not do so without the final bit of financing in place. The commitment to insure the mortgage was made by HUD, the agency said in a written statement.

Read More