Tuesday, May 6, 2014

Tutor Perini's 3 New Projects for $285M

The Tutor Perini Corporation, a California-based construction company founded in 1894, announced three new projects valued at more than $285 million this week through its subsidiary general construction company, Rudolph and Sletten, Inc. The highest-value contract of the three, worth between $125 million and $150 million, calls for the construction of 300,000 square feet of new and renovated buildings at the Broadway Plaza shopping center in Walnut Creek, California, owned by Macerich Co., according to a Law360.com article. The three contracts include:

Macerich, Broadway Plaza Retail Development
Construction of 300,000 sf of new and renovated buildings in the existing high-end open air shopping center in Walnut Creek, California, including a new two-story retail building, refacing of existing storefronts, four levels of new parking and sitework improvements throughout the shopping center. Construction started in February 2014 and is expected to be substantially completed in December 2016.

Silicon Valley Microelectronic Manufacturing Facility
Construction of a new 70,000-sf clean room, including new support steel structures and utilities, along with new interior office upgrades within an existing overall upgraded 270,272-sf two-story building. Construction started in April 2014 and is expected to be substantially completed in May 2015.

University of California, Santa Barbara, Bioengineering Lab Building
Construction of an 89,000-sf three-story multi-disciplinary research facility, which will house a combination of wet labs, lab support space, and dry computational research labs. The facility will support flexible research and office space for 14 faculty, 78 graduate, and 28 post-doctoral fellows. The public center of the building features a three-story atrium and framed by administrative and departmental offices. The building will include a 100-seat auditorium placed prominently at the building's entry. Construction is expected to start in September 2014 and be substantially completed in December 2016.

For more news and information visit Blumberg Capital Partners.

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