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TKE Acquires Florida-Based Accurate Elevator TK Elevator (TKE) announced in June that it has acquired Accurate Elevator, a longtime vertical-transportation (VT) contractor that has provided services in the Florida Keys for many years. Based in Marathon, Florida, Accurate Elevator has focused on new installation, modernization, preventive maintenance and repair services for commercial and residential buildings.…
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Construction on San Francisco Tower Wrapping Up Construction is wrapping up on 30 Otis Street, SoMa, in San Francisco as the tower is preparing for move-ins later this summer, San Francisco YIMBY reported in June. The SoMa development will add 416 residences to the local housing market, along with retail and an updated home for…
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West Loop Mixed-Use Development Approved The Chicago Plan Commission has approved the updated mixed-use development proposal at 1150 West Lake Street in the West Loop, the source reported in June. Designed by Gensler, the new construction consists of a two-tower scheme. The southern tower will rise 29 stories, topping off at 330 ft, with residential,…
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MTA Cuomo Announces East Side Access Civil Construction Completion On May 27, Gov. Andrew Cuomo announced completion of civil construction on the Metropolitan Transportation Authority’s (MTA) East Side Access megaproject. Outfitted with 17 high-rise Schindler escalators, including the longest in the MTA system at 182 ft, the project connects the Long Island Rail Road (LIRR)…
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KONE Acquires Detroit Elevator Co. KONE announced in June that it acquired the service and repair business of Detroit Elevator Co. in Ferndale, Michigan, including its operations throughout the greater Detroit area and stretching north and west to Flint and Grand Rapids. Detroit Elevator, founded in 1914, built its business on performing service, new installation,…
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Otis Names Luersman Executive Vice President, CPO Otis Worldwide Corp., in a May announcement, said Abbe Luersman was to join the company as executive vice president and chief people officer (CPO), effective July 26. In making the appointment, Otis President and CEO Judy Marks called Luersman “a passionate leader who brings decades of proven experience, business…
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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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