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Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

WASHINGTON, D.C. -- The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $827-billion equipment finance sector, showed their overall new business volume for July was $7.8 billion, up 8 percent from new business volume in July 2013. Month over month, new business volume was down 13 percent from June. Year to date, cumulative new business volume increased 4 percent compared to 2013. 

Swinerton Breaks Ground on Irvine Valley College Design-Build Classroom Building

IrvineValleyCollegeGroundbreakingIRVINE, Calif. -- On Aug. 12, Swinerton Builders broke ground on South Orange County Community College District’s first design-build project. The $9.1-million, two-story A400 building is located at Irvine Valley College. Swinerton’s design-build team, which includes design architect DLR Group, expects construction to complete in 12 months, with occupancy by the college planned for fall semester 2015.

Brasfield & Gorrie Begins Construction of Wekiva Springs Addition

UHS-Wekiva-Springs-GroundbreakingJACKSONVILLE, Fla. -- Brasfield & Gorrie announced the company marked the start of construction on a $9.8-million addition at Wekiva Springs Center during a groundbreaking ceremony on Aug. 19 in Jacksonville, Florida.

KBE Building Corp. Completes Second Commissary Project

Annapolis-Joint-Commissary-and-Navy-Exchange-Military-FocusANNAPOLIS, Md. -- KBE Building Corporation has completed its second project for the federal Defense Commissary Agency – the new Commissary and Navy Exchange project in Annapolis, Maryland.

KBE served as general contractor for the $27-million project, which included the renovation of the 51,000-square-foot Joint Commissary and the new construction of a 98,000-square-foot Navy Exchange with a 10,000-square-foot garden center.

10-Story Washington, D.C. Office Building Contract Goes to Clark

WASHINGTON, D.C. – Square 452, LLC, a partnership of Gould Property Company and Oxford Properties Group, has awarded Clark a contract for the 600 Massachusetts Avenue project located between 6th and 7th Streets along Massachusetts Avenue Northwest in Washington, D.C.

Equipment Leasing and Finance Industry Confidence Eases from Previous Two Months

WASHINGTON, D.C. -- The Equipment Leasing & Finance Foundation recently released the August 2014 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $827-billion equipment finance sector. Overall, confidence in the equipment finance market is 58.9, easing from the previous two months’ indexes of 61.4.  

Architecture Billings Index Reaches Highest Mark Since 2007

WASHINGTON, D.C. -- The last three months have shown steadily increasing demand for design services and the Architecture Billings Index is now at its highest level since 2007. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the July ABI score was 55.8, up noticeably from a mark of 53.5 in June. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 66.0, following a very strong mark of 66.4 the previous month.

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