COMMERCIAL & INDUSTRIAL CONTRACTORS.Ranked by 1999 billings for work performed in L.A. County EXECUTIVE SUMMARY COMMERCIAL and industrial builders continue their comeback from the industry doldrums of the mid-'90s. The total value of commercial projects in L.A. County jumped by nearly 20 percent in 1999, over the previous year, while the total local value of industrial projects rose by 17.4 percent. Going further back, the numbers look even more dramatic. The value of commercial projects in the county last year was $1.3 billion -- a 231.5 percent increase over the decade-low level of 1995. In 1993, the value of industrial projects in L.A. was a mere $54.7 million, jumping to $361.1 million last year -- a 560.5 percent increase. Three projects dominated the industry in 1999: Santa Monica's office complexes (the Water Garden and the Arboretum arboretum: see botanical garden. arboretum Place where trees, shrubs, and sometimes herbaceous plants are cultivated for scientific and educational purposes. An arboretum may be a collection in its own right or a part of a botanical garden. ), the Disney Concert Hall in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or , and the massive mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. at Hollywood Boulevard For uses other than the original street, see Hollywood Boulevard (disambiguation). Hollywood Boulevard is a boulevard in Hollywood, Los Angeles, California, United States, beginning at Sunset Boulevard in the east and running northwest to Vermont Avenue, where it straightens out and Highland Avenue. Developed by the Canadian real estate giant TrizecHahn, the $567 million Hollywood project will permanently house the Academy Awards theater. THE PACESETTER TUTOR-SALIBA CORR CORR Used on the consolidated tape to indicate a correction in a reported transaction : CORR.LAST.GY 50 WAS 51. LOGGING more than 40 years on major construction and engineering jobs and more than $5 billion in completed projects, Tutor-Saliba of Sylmar is not only L.A. County's biggest general contractor A general contractor is an organization or individual that contracts with another organization or individual (the owner) for the construction of a building, road or any other execution of work or facility. , it ranks as one of the biggest in the nation. Several of L.A. County's most important construction contracts have been awarded to the company, including the Alameda Corridor The Alameda Corridor is a 20 mile (32 km) freight rail "expressway"[1] owned by the Alameda Corridor Transportation Authority (AAR reporting marks ATAX and large portions of the Metro Rail subway project. But while Tutor-Saliba has won considerable prestige by landing these contracts, it has also been tarnished by charges of mishandling pension funds, falling short of promised hiring goals, inadequate planning that led to sinkholes during subway construction along Hollywood Boulevard, and other problems. Still burrowing its way up Alameda Street toward downtown L.A., the Alameda Corridor is one of the nation's largest transportation projects. When completed, it will stretch 20 miles along Alameda Street from the harbors to transcontinental rail hubs near downtown. The corridor is expected to hasten the movement of cargo to and from the ports, and is slated for completion by February 2002. Meanwhile, Tutor-Saliba anticipates completion in July or August of close to $1 billion worth of work it's performing on the massive expansion of the San Francisco International Airport “SFO” redirects here. For other uses, see SFO (disambiguation). For the television series, see . . This includes $500 million for the renovation of the international terminal, $95 million for boarding area G, $125 million for concourse H and the light rail system, $85 million on incoming bridges and viaducts, and $55 million each for the rental car area and south parking garages. |
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