DESIGN

Unispace Acquires Global Experiential Design Firm Downstream

Unispace | October 07, 2021

Global workplace strategy, design and construction firm Unispace today announced its acquisition of Downstream, a global experiential design expert with an expansive portfolio of integrated digital and physical experiences in global tech hubs, flagship retailers, major sports venues and other destination spaces around the world. Blitzer, Clancy & Company advised Unispace in the acquisition of Downstream, and terms of the deal were not disclosed.

"Work is no longer just a place; the focus is experience. Downstream's team and approach enhance our ability to empower our clients with the most impactful environments for their most valuable asset: their people,This is our commitment to rising above the talk and to taking action."

-Steve Quick, Global CEO of Unispace

Downstream's employees will join Unispace's global team, adding expertise in branding and technical design of spaces. Headquartered in Portland, Oregon, with global offices in Amsterdam and Melbourne, the Downstream acquisition will also expand Unispace's physical presence, particularly on the U.S. West Coast. The firm is currently operating in 48 locations in 26 countries.

We have worked with Unispace for several years, and we're excited to integrate our teams to bring our shared expertise to this moment of opportunity: the reinvention of space as we know it," said Tim Canfield, CEO of Downstream. "Today's employees and customers want experiential and brand-focused environments that draw them in for collaboration, socialization and connection. Together, we can deliver that in a powerful way.

Our global growth strategy is focused on enhancing our ability to position clients to thrive in the new environment. This acquisition enables us to combine world-class experiential design expertise with our integrated approach to strategy, design and construction that gives our clients confidence in the quality and consistency of the spaces we create with them. Furthermore, Unispace and Downstream share values; both of our cultures inherently embrace change, with a commitment to innovation, DE&I, corporate citizenship, and genuine passion for the people-centered experiences we are creating," said Quick. "We believe this brings profound value for our clients and for the industry.

Since its founding in 2010, Unispace has delivered more than 5,500 workplace projects spanning 50 million square feet. Despite the tumult caused by the COVID-19 pandemic, Unispace had a very strong first half of 2021, propelling the business globally.

About Unispace
In 2010, Unispace revolutionized the workplace delivery model with an industry-leading, joined-up approach to strategy, design and delivery. Today, the business continues to meet the pace of change with an agile, end-to-end approach fit for ever-evolving global brands. Unispace creates workplaces powered by collaborative client partnerships, delivered seamlessly across borders, and enabled by industry-leading intelligence and technology.

About Downstream
With 20+ years of experience, Downstream is a community of visionary designers, technologists, content developers, account managers and production leads. Collectively, they are a company on the forefront of brand communication, reaching around the globe, building compelling brand experiences for some of the biggest and most dynamic companies in the world. With three global hubs in Portland, Amsterdam and Melbourne, Downstream harnesses the latest insights and challenges themselves to consistently seek out new technologies and methodologies to create the impossible.

Spotlight

Any gauging device can provide dimensional measurements and AutoComp calculates the necessary tooling adjustments. Error-free tooling control.


Other News
ENGINEERING TECH

Trimble Construction Cloud Powered by Microsoft Azure Launches at Trimble Dimensions+ Conference

Trimble | November 08, 2022

Trimble (NASDAQ: TRMB) today announced the launch of Trimble Construction Cloud powered by Microsoft Azure, an industry cloud to streamline construction projects. Trimble Construction Cloud was developed as part of Trimble's collaboration with Microsoft to advance technology adoption and accelerate the digital transformation of the construction, agriculture and transportation industries. Trimble Construction Cloud takes advantage of Microsoft Azure services including Logic Apps, Azure DevOps, and Azure Kubernetes Service. The platform links project teams, data, processes and multiple stakeholders—such as general contractors, subcontractors, designers, engineers and owners—across all phases of construction projects. Connecting people, processes and workflows enables projects to be completed better, faster, safer, cheaper, and greener. By providing seamless collaboration from the field to the back office, Trimble Construction Cloud provides a trusted environment where transparency and actionable data are the new norm. It is also the sole construction industry cloud for Microsoft customers. "Trimble Construction Cloud enables customers to accelerate and deliver improved business outcomes with data from native Trimble and ecosystem of services, It empowers project teams to design, construct, operate, collaborate and learn with live data sharing. This unique approach leverages connected workflows, precise spatial data and constructible models to modernize the entire ecosystem and accelerate customer success. We're excited to help customers and partners achieve more productively and sustainability than before." -Jennifer Lin, senior vice president and chief platform officer for Trimble. Trimble Construction Cloud will launch as the cloud solution powering Trimble Construction One, a purpose-built connected construction management offering that includes rich field data, estimating, detailing, project management, finance and human capital management solutions. Non-Trimble Construction One users can subscribe to Trimble Construction Cloud independently as a separate service. Trimble Construction Cloud includes four main functions designed to automate the flow of data and decision-making for more efficient and predictable business outcomes: Common Data Environment: Task-specific point solutions have created the fragmentation of data and losses in handoffs, as construction is increasingly a mixed fleet world with different equipment, technology, software and information—each of which handle different parts of the construction lifecycle. Trimble Construction Cloud features one centralized, common data environment that connects the office with site operations tools, enabling Trimble and non-Trimble solutions to automatically integrate into one usable data set. This provides enhanced data visibility and unites stakeholders across jobs, teams and departments with the right information at the right time to make the right decisions. Configured and Custom Workflows: Despite the number of repetitive tasks inherent to construction, most contractors still run their businesses manually, which is time-consuming and error prone. Trimble Construction Cloud solves this challenge with configured and customizable workflows that help project teams automate different aspects of their business with commonly used workflows, as well as by building and deploying their own around critical job roles and specific business objectives. The cloud's three configured workflows include a model-to-procurement built for Mechanical, Engineering and Plumbing (MEP); a model-to-fabrication for structures; and a civil bid-to-build for site management. Live Data/Model Sharing: Collaborating across projects in real-time has always been difficult for project teams. Trimble Construction Cloud provides customers with the ability to subscribe to unique capabilities across Trimble and non-Trimble solutions such as Microsoft Teams that serve to enhance and facilitate collaboration across project teams. The Live Sharing capability allows for real-time model collaboration for both Trimble and non-Trimble solutions. With Live Sharing, multiple users can be in several Trimble solutions—such as Quadri, Trimble Connect and Tekla—and view model changes as they happen. Users with non-Trimble solutions can also collaborate in the same modeling process as well. Trimble Developer Portal: Instead of reaching out to various organizations within a business to gain access to a report or specific type of data, Trimble Construction Cloud centralizes the discovery, learning, provisioning, support and successful application of APIs through the Trimble Developer Portal. An easily accessible, centralized portal is designed to facilitate faster onboarding and integration leading to more productive developer experiences. "Cloud-based solutions are designed to take industries to the next level to compete in today's marketplace, Trimble Construction Cloud connects disparate systems and provides new workflows, so stakeholders have the visibility and fluidity they need to further enhance digital transformation." -Casey McGee, vice president of Global ISV Sales, Microsoft. About Trimble: Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

Read More

CONSTRUCTION

Jones Street Investment Partners Secures $179 Million in Construction Financing for Three Northeast Multifamily Projects

Jones Street Investment Partners | November 15, 2022

Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., today announced that it has secured $179 million in construction financing to develop luxury multifamily communities in Kittery and Brunswick, Maine, as well as Manchester, New Hampshire. Securing these loans enables Jones Street to expand its portfolio in key secondary markets across the Northeast that are severely supply constrained and have demonstrated consistently strong rental growth. “We appreciate the support of our financing partners, Our ability to secure these loans at attractive terms is a testament to the strength of our relationships, the quality of our business plans and our established track record. Each of these projects aligns with our emphasis on long-term, cash flowing investment strategies that have the potential to deliver attractive risk-adjusted returns. We look forward to ingraining ourselves within each of these communities and delivering exceptional living experiences to our future residents.” -Matt Frazier, founder and CEO of Jones Street Investment Partners. Jones Street secured a $70 million loan from Key Bank as well as a $7.9 million preferred equity investment from a major investment manager to develop Seacoast Residences, a 282-unit multifamily community located at 76 Dennett Road in Kittery. The five-building property, which is situated along I-95 and immediately across the border from Portsmouth, New Hampshire, will feature luxury unit finishes, a resort-style swimming pool, fitness center, dog park, sun deck, and on-site nature trails. Seacoast Residences is located in an area with a limited supply of rental product and is poised to benefit from its proximity to major employment centers. A number of national and regional businesses operate in the New Hampshire and Southern Maine seacoast regions, including Andover Healthcare, Portsmouth Naval Shipyard, CSI Engineering, Northwestern Mutual, and Sun Life Financial, among others. Jones Street expects to complete construction in early 2024. Bangor Savings Bank provided Jones Street with a $36 million loan to develop an amenity-rich, 181-unit multifamily community in Brunswick. Located on Admiral Fitch Avenue in a Qualified Opportunity Zone, the property sits within the Brunswick Landing Development, a former naval base that is being revitalized and includes nearly 2 million square feet of commercial and industrial space. Ideally situated three miles from downtown Brunswick and within 30 minutes of downtown Portland, which is experiencing sustained rent growth, the property is expected to benefit from the strong employment market. A number of major regional and national employers, including L.L.Bean, VividCloud and General Dynamics Bath Iron Works, as well as top-ranked Bowdoin College, operate in the area. The property is expected to be completed by the fourth quarter of 2024. Jones Street secured a $65.1 million loan from Berkshire Bank to develop a 250-unit multifamily community in downtown Manchester. Located at 75 Canal Street within a Qualified Opportunity Zone, the property will consist of studio, one-, two- and three-bedroom apartments and approximately 2,000 square feet of ground-floor retail space. It will also feature an array of amenities including a clubhouse with a full-service kitchen and game room, fitness center, business center and two outdoor courtyards. Manchester boasts low unemployment rates, high affordability and strong economic growth. This has translated into high occupancy and consistently strong rental growth. Major employers in the area include Oracle, TD Bank, New York Life and Southern New Hampshire University. Jones Street expects construction to be completed in the summer of 2024. About Jones Street Investment Partners: Jones Street Investment Partners is a privately held real estate investment management firm focused on multifamily investments located in the Northeast and Mid-Atlantic regions of the United States. Formed in 2014, the Boston-based firm is an opportunistic and disciplined value-based investor focused primarily on the management of long-term, cash-flowing investment strategies and drawing on the capabilities of affiliate Jones Street Residential for asset and property management. Aligning an institutional-quality investment and operational approach with the economic and strategic interests of its investors, Jones Street is a trusted source of investment opportunities for its capital partners. Jones Street’s portfolio consists of 4,389 apartment units with approximately $1.3 billion of current assets under management and $360 million of equity invested.

Read More

CONSTRUCTION

Blue Ridge Construction Capital Acquires Artistic Paver Manufacturing, Inc.

Blue Ridge Construction Capital | November 10, 2022

Blue Ridge Construction Capital LLC ("BRCC"), in partnership with incoming CEO Matthew Wayman and founder Dan Essig, is pleased to announce the acquisition of Artistic Paver Manufacturing, Inc. ("Artistic"). Artistic, based in N. Miami Beach, FL, is a manufacturer of premium interlocking, decorative concrete pavers sold for outdoor living applications. The Company has manufacturing facilities in Miami and Phoenix and serves the fast growing Southeastern and Southwestern geographic markets. Dan Essig, who founded Artistic in 2000 and served as President and CEO, will transition to a full-time advisor role and join the Board of Directors. Dan stated, "I am really proud of the successful 22-year history of Artistic and even more excited to work with Matt and Blue Ridge to build the Company into a category leader." As a part of the Artistic acquisition, industry veteran Matthew Wayman will join the executive team as CEO. Wayman recently acted as the Senior Vice President and General Manager over Forterra, Inc.'s East Region, responsible for full commercial and operational oversight for a 12-plant, 500-team member operation serving 5,000+ customers. "Artistic is at an important inflection point. The brand and product offering are widely respected by contractors and consumers and the recent expansion in Miami positions the Company for tremendous growth." -Matthew Wayman CEO Artistic. BRCC Managing Partner and Co-Founder, Casey Rentch, commented, Dan has built a best-in-class concrete paver company and we are thrilled to partner with him and Matt to expand on the Company's incredible momentum. "We are excited to add Artistic to the Blue Ridge portfolio. The Company's unique growth and profitability profile are consistent with our goal of partnering with founders to acquire exceptional building products companies." -Ben Hughes, Partner and Co-Founder of BRCC. About Blue Ridge Construction Capital, LLC: Blue Ridge Construction Capital is a building products focused private equity firm investing in family and founder owned businesses that are seeking a collaborative, experienced partner to empower growth. About Artistic Pavers Manufacturing, Inc: Artistic Pavers Manufacturing, Inc. is a premium paver manufacturer serving residential and commercial markets across Southeastern and Southwestern U.S. markets.

Read More

ENGINEERING TECH

SquareOne Energy Announces Engineering, Procurement, and Construction (EPC) Partnership With CTCI Americas, Inc.

CTCI Americas | October 31, 2022

SquareOne Energy, LLC (“SquareOne” or the “Company”) announced today the continued advancement of its initial discarded and used oil recycling facility in the Philadelphia region through its engagement of CTCI Americas, Inc. (“CTCIA”) to serve as lead engineering, procurement, and construction (“EPC”) partner for SquareOne’s initial facility in Paulsboro, NJ. With extensive knowledge and experience in global EPC, CTCIA provides comprehensive engineering and construction services for advanced technology facilities. CTCIA is working to finalize SquareOne’s FEL-2 engineering process for the Paulsboro facility and will serve as the Company’s EPC lead through the initiation of turnkey operations, providing both a fixed price and performance guarantee. The Company has also partnered with the Axens Group (“Axens”), a worldwide leader in refining, renewables, recycling and petrochemical technologies, to license its existing designs for the front-end pre-treatment facility and hydrocracker unit. The combination of the Company’s innovative approach to used-oils, Axens’ proven technology, and CTCIA’s world-leading EPC experience uniquely positions SquareOne to provide an environmentally focused solution in the first facility for processing discarded and used oils into clean on-road fuels. “We are very excited to partner with CTCIA as the EPC lead for our initial facility. CTCIA’s extensive experience at the forefront of advanced, large-scale industrial development is the ideal partner to ensure execution excellence. Our agreement with CTCIA is a meaningful step on our path to commence operations, which remains on track for early 2024.” -Steve Herzog, Chief Operating Officer of SquareOne. Patrick Jameson, Chief Executive Officer and President of CTCIA, stated, CTCIA brings an experienced EPC team of engineers, designers, supply chain, and project management to the SquareOne Energy sustainable ULSD and Group III base oil plant. As part of our strategic focus, CTCIA has engaged in several sustainable and renewable fuel/lubricant projects and is excited that SquareOne Energy has selected CTCIA to help bring this project to successful operation. SquareOne’s Innovative Process and Initial Recycling Facility SquareOne is a Philadelphia-based independent enterprise formed to create a progressive solution to address the critical issue of used oil disposal and processing in the U.S. The Company recognizes the existing used oil re-refining industry needs an innovative approach to a) broaden the waste streams that are recycled and b) advance the products created from these feedstock materials. According to government studies, as much as one-third of used oil is either burned or illegally disposed, causing significant environmental harm to the ground and waterways. As such, significant energy potential from these previously refined hydrocarbons is wasted. As the country aggressively pursues steps towards energy transition to a cleaner future, so must the used oil re-refining space, which SquareOne is addressing through its advanced recycling process and move beyond existing, less complex technologies in the industry. The Company’s facility design will have a sophisticated front end and pre-treatment stage, which will enable the facility to accept and process numerous types of recyclable feedstocks, many of which are currently being improperly disposed. SquareOne’s wider array of recyclable feedstocks differentiate it from the existing re-refiners that traditionally only process used motor oil. Acceptable feedstock materials, in addition to used motor oil, will also include residual marine oils and more unmarketable material (unusable distillates combined with gasoline) as well as various other off-spec and distressed hydrocarbons. SquareOne will also license proven technology for its facility, delivering the cleanest set of product yields in the U.S. re-refining industry. The Company’s primary product will be Colonial Pipeline specification ULSD, with associated products including low sulfur naphtha and high viscosity Group III base oil blendstock. SquareOne’s facility will be constructed on an active refined products terminal site in the Philadelphia region owned and operated by PBF Logistics LP (NYSE: PBFX) and PBF Energy Inc. (NYSE: PBF) (collectively, “PBF”). PBF’s terminal, located in Paulsboro, NJ, provides the Company strong benefits from its existing infrastructure, multiple modes of transport access and comprehensive utilities, substantially reducing the development cost of the Company’s new recycling facility. By leveraging the significant advantages of the existing infrastructure, the Company expects the facility to be operational in the first half of 2024. About SquareOne Energy: SquareOne is an independent enterprise founded in the Philadelphia area, committed to creating and growing a holistically sustainable blueprint for re-energizing waste oil. SquareOne is currently developing an innovative used oil recycling process, which will be the first in the U.S. to recycle used oil materials into clean on-road fuel products. About CTCI Americas: CTCI Americas is a subsidiary of CTCI Corp., a global engineering, procurement and construction (EPC) firm, with $2.3 billion in revenue and extensive technology and energy industry EPC project experience and is recognized as being a reliable contractor by many of its clients. With a globally dynamic team of over 7,000 employees in around 40 affiliates spanning across more than 15 countries—including 40 years of experience in the industry—CTCIA is working to solve some of the world's most technically challenging problems. About Axens: Axens is a group providing a complete range of solutions for the conversion of oil and biomass to cleaner fuels, the production and purification of major petrochemical intermediates, the chemical recycling of plastics and all natural gas treatment and conversion options. The offer includes technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is ideally positioned to cover the entire value chain, from feasibility study to unit start-up and follow-up throughout the entire unit cycle life. This unique position ensures the highest level of performance with a reduced environmental footprint. Axens global offer is based on highly trained human resources, modern production facilities and an extended global network for industrial, technical supports & commercial services. Axens is an IFP Group company.

Read More