News:
Brokerage
Posted: February 25, 2013
Parson Brinckerhoff awarded contract for gas-fired power plant
Parsons Brinckerhoff, in JV with Kvaerner, has received a contract from Calpine Garrison LLC, a subsidiary of Calpine Corp., to design and build the Garrison Energy Center, a 309MW combined cycle gas-fired power plant. The JV will perform the engineering, procurement and construction of the facility. Parsons Brinckerhoff will be responsible for the design, procurement of the balance of plant equipment, and the commissioning. Kvaerner will lead the joint venture as well as perform the construction of the facility.
The plant will employ highly efficient combined-cycle technology with advanced environmental controls. The project is expected to begin construction in early 2013 with completion during the summer of 2015.
"The Garrison Energy Center aligns with our strategy to focus on EPC gas-fired power plant construction as the designer, while partnering with the contractor," said George Pierson, president and CEO of Parsons Brinckerhoff. "As the industry continues to shift to cleaner burning natural gas, we anticipate a significant number of projects in North America over the next decade. We are excited to be in partnership with Kvaerner on this project for Calpine Garrison and look forward to delivering future opportunities together."
Tags:
Brokerage
MORE FROM Brokerage
REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium
Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.