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KONE Providing Lifts, Escalators for London High Rise KONE has won an order to supply 15 custom-made elevators and escalators for the new “Arbor” office building at Western Yards, phase one of the Bankside Yards mixed-use development in London, the company announced in April. Located along the South Bank of the River Thames between Blackfriars…
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Maspero Elevatori Handling VT Portion of UN European HQ Maspero Elevatori has been awarded a more-than-EUR2.8-million (US$3.4-million) contract for the vertical-transportation (VT) portion of renovation of the historic Palais des Nations, the United Nations (UN) European headquarters (HQ) in Geneva, Switzerland, the Italian OEM announced in May. VT work is scheduled to start in October.…
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Modernizations and new construction drive work for elevator companies. New Owner Modernizing Louisville Tower WDRB reported in May that PNC Plaza, a 30-story office tower at Firth and Jefferson streets in Louisville, Kentucky, has long served as a “poster child” for problems plaguing the market for office space. Its loss of anchor tenant PNC Bank…
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A US$2-Billion Megaproject Could Reshape Arts District Pandemic-related shutdowns have hurt the city’s downtown streets and indicate long-term changes to office life, but builders are pressing ahead with major projects in the belief that the city still has a lot of room to grow when times get better, the Los Angeles Times reported in April.…
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Grand Station Miami Completion Expected in May Construction on Grand Station Miami, a 31-story, 322-ft-tall residential tower located at 240 North Miami Avenue in Miami’s CBD was expected to be completed in May 2021, the source reported in May. Construction on the residential building occurred alongside several other projects within the CBD in an effort…
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United Cabs Restructures, Expands and Taps a Leader A new entity, United Vertical Group, has been formed to represent United Cabs Inc.’s elevator cab products and United Metals Corp.’s hoistway entrance products, United Cabs announced in May. At the same time, the Long Island-based company announced Laureen Rios as president of United Vertical Group. The…
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AEG Acquires Abell Elevator International American Elevator Group (AEG) continued its growth in May with the acquisition of Abell Elevator International, which serves customers throughout Kentucky and North Carolina. Headquartered in Louisville, Kentucky, Abell Elevator was founded in 1910. It was acquired by industry veteran Kent Lloyd in 1976. The company specializes in installation, maintenance,…
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Corbo Named First U.S.-based President of California-Based MEUS Mike Corbo has been promoted from chief operating officer (COO) to president and CEO of Mitsubishi Electric U.S. Inc. (MEUS), becoming the first U.S.-based leader of the Cypress, California-headquartered company, MEUS announced in May. Masahiro (Max) Oya takes on a newly created role as chairperson of MEUS,…
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On average, just a quarter of workers in the 10 biggest urban areas in North America have returned to offices, according to The Week. Paul Leonard, a management consultant at CoStar, a real estate research firm, believes office visits may reach 50% by Labor Day and 80% at year’s end. He computes that 10% of…
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Solid economic foundation lays the groundwork for growth in construction and, in turn, the VT industry.
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