Sale of thyssenkrupp Elevator Being Considered by CEO In August, Reuters was among news outlets to report that thyssenkrupp CEO Guido Kerkhoff was considering selling the conglomerate’s profitable elevator division Kerkhoff was considering selling the conglomerate’s profitable elevator division — valued at up to EUR14 billion (US$15.68 billion) — to help stanch profit loss. The…
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High Rise Planned for Coveted Rittenhouse Square A mixed-use high-rise building will soon fill the last vacant plot of land in the coveted area of Rittenhouse Square. The Laurel, named for the Pennsylvania state flower, will be the tallest residential building in the city, Commercial Observer reports. It will be 48 stories and include 235…
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Second-Tallest Tower Tops Out Rainier Square, Seattle’s second-tallest building at 58 stories and 850 ft, topped out in August ahead of anticipated completion in August 2020, Curbed Seattle reported. The building was designed by NBBJ with a striking, swooped profile meant to complement its next-door neighbor: a 1970s tapered-base tower designed by Minoru Yamasaki. Located…
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Construction has begun on the third and final phase of a plan to redevelop Chicago’s Atrium Village housing complex, Curbed Chicago reported. The project, called Old Town Park, is being developed by Omni Group and designed by Hartshorne Plunkard Architecture. The third tower will rise 41 stories and 447 ft high and contain 456 rental…
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An acquisition and an anniversary Kings III Acquires Florida-Based Competitor Texas-headquartered Kings III Emergency Communications announced in August it is acquiring Florida-based competitor ESRM. By November 1, ESRM headquarters and day-to-day operations will transition to Kings III’s Dallas-area offices. One of the owners of ESRM, Tom Worthington, is being added to the Kings III management…
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Renewed push for elevator legislation, a new NYCHA head, transit upgrades and towers across the boroughs and beyond Brooklyn Point’s Façade Reaches 720-Ft-High Roof Parapet Work on the façade of the 720-ft-tall skyscraper Brooklyn Point is wrapping up in downtown Brooklyn, NYC, New York YIMBY reported in August. The tower, located at 138 Willoughby Street,…
Read More Augsburg, Germany, is a quaint little town in Bavaria about an hour from Munich. It was the childhood home of Wolfgang Amadeus Mozart and is one of Germany’s oldest cities, tracing its history to 15 B.C. This is where one of the biggest tradeshows in our industry is held. Interlift, two years ago, had more…
Read More In a long-ago era, ages before social media, the internet, television or radio, town criers served as the primary news source for many. Even though the printed word was available, literacy was by no means common, so townsfolk would gather around their local crier — sometimes referred to as a bellman — to hear royal…
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We’ll let you be the judge of whether other adjectives apply. Digitalization Defense According to international testing and certification service TÜV SÜD, the introduction of digitalization for lifts poses a challenge for lift and component manufacturers to ensure not only functional safety, but also information-technology (IT) security. Many modern lift systems now include embedded IT…
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MEI takes extra steps to show employees the impact of its charitable giving. Giving back to the community is an important part of any business, but MEI Total Elevator Solutions in Mankato, Minnesota, has made it an integral part of its mission. Founded in 1971, MEI donates at least 10% of its pretax profits internationally…
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