News
Correction: Berkshire Partners Acquires 3Phase From Fort Point Capital
A recent news item contained an incorrect headline. In early June, 3Phase Elevator was acquired by Boston-based Berkshire Partners from existing investor Fort Point Capital. The investment will allow 3Phase...
Person Rescued in Elevator Incident in Michigan
The Grand Rapids Fire Department (GRFD), along with multiple other agencies, extricated a person from an elevator on August 18 in Grand Rapids, Michigan, WZZM13 reports. According to a Facebook post by...
India’s Western Railway Reopens Lifts, Escalators, Gates
With increases in passengers, Western Railway in India is opening more lifts and escalators, as well as entry and exit gates, The Free Press Journal reported on August 24. With daily passenger...
OTIS South Korea Factory Achieves ISO 14001 Certification
On the heels of announcing its factory in São Bernardo Do Campo, Brazil, achieved ISO 14001 certification for environmental management systems, Otis announced on August 19 that its Incheon, South...
Work Launches on Phase II of Project Elevate
Phase II of Elevate, a multi-tower residential project in Gurgaon, India, being jointly developed by international real estate firm Hines and Indian real estate company Conscient Infrastructure Pvt. Ltd., has...
Ground Broken On 41-Story Downtown Austin Condo Tower
Austin, Texas-based Pearlstone Partners and NYC-based ATCO Properties and Management broke ground on Vesper, a 41-story, 284-unit condominium tower in the Rainey Street district of downtown Austin, Austin American-Statesman reported on August...
55-Story Residential Tower Plans in London’s Canary Wharf
As part of a push to make the Canary Wharf megadevelopment on London's Isle of Dogs more residential, Canary Wharf Group unveiled plans for a 55-story tower with more than...
KONE Names Beckley to Lead Americas Finance
KONE has named Anthony Beckley senior vice president-finance for KONE Americas, the company announced on August 20. Beckley brings more than 20 years of financial experience, including responsibilities over profit...
Development Application Lodged for Australia Tower Hub
Wee Hur Holdings has lodged a development application for a four-tower transit-orientated hub in Brisbane, Australia’s inner south, Australian Property Journal reports. Designed by architects Woods Bagot, the precinct, called Park Central,...
Three Safdie Projects Follow Goals of Habitat ’67
Three high-rise projects by noted firm Safdie Architects — one nearly completed, one just topped out and one newly launched — offer a vision of residential projects in Asia and Latin America...
