GAL ACQUIRES ST. LOUIS-BASED COURION
GAL ACQUIRES ST. LOUIS-BASED COURION
GAL Manufacturing Corp., part of San Francisco-based Golden Gate Capital's portfolio, has acquired Comprehensive Manufacturing Services, LLC, also known as Courion, headquartered in St. Louis. A provider of door systems for freight elevators, Courion was founded in 1921 and is led by owners/principals Michael Garner and Bob Jackson, who will remain in their current roles. Along with Courion and Security Freight door systems, and Harris Preble and Guilbert replacement parts, CART-MATIC© and TOTE-MATIC© cartlift systems are now part of the GAL product portfolio. Freight Tech, LLC, a New York City-based International Union of Elevator Constructors freight door services contractor wholly owned by Courion, is also part of the transaction.
LAKHTA CENTER SETTING RECORDS
Construction work on Lakhta Center, already Europe's tallest building, is now focused on its crown and spire, Skyrise Cities reported in January. Glass panels were also being installed on the lower levels of the St. Petersburg, Russia, building. The 462-m-tall, 87-story skyscraper is to be headquarters of Russian natural gas company Gazprom, which has been planning the tower since 2005. The building has also already set the record of nearly 20,000 m3 of concrete being dispatched in a continuous pour, topping the previous title held by the Wilshire Grand Center in Los Angeles. To keep abreast of Lakhta Center’s construction, view the fascinating official live camera.
SECURITY CAMERAS IN ELEVATORS AT INDIAN METRO STATION
Kochi Metro Rail Ltd. (KMRL) on the southwest India coast plans to install security cameras in its station elevators "without delay," in response to a January 6 incident that exposed lack of proper surveillance, The Times of India reports. In that incident, KMRL was unable to provide police with CCTV footage of a molestation that allegedly occurred in one of the lifts. KMRL stated the move will improve security as it continues to deal with an inadequate number of security personnel, which are provided by the police.
FINAL PIECE OF FINANCING SECURED FOR NYC SUPERTALL
Extell Development, which is behind the plan to build Central Park Tower (also known as Nordstrom Tower, for the seven-story flagship store that will be at its base) in New York City (NYC), has secured US$1.14 billion in financing, which will enable it to move forward with the 95-story condominium building at 217 West 57th Street, The Real Deal reports. Central Park Tower will be the most expensive condo tower in Manhattan, with 20 of its 179 units priced at US$60 million or more. Selling US$500 million worth of units by December 2020 is a contingency of Extell’s US$900 million in construction financing from JPMorgan Chase.
