TSLA
Tesla
-- 462.280 NVDA
NVIDIA
-- 140.220 AMD
Advanced Micro Devices
-- 126.290 PLTR
Palantir
-- 82.380 MSTR
MicroStrategy
-- 358.180 
NEWS
KBS Builders Wins $2.1 Million Contract For Multifamily Construction Project in Vermont
Thursday, 19th December at 8:30 am
OLD GREENWICH, Conn., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ: STRR, STRRP)) ("Star" or the "Company"), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. ("KBS"), has signed a $2.1 million contract to manufacture multifamily apartments in Vermont.
The $2.1 million contract is for the manufacturing of 16 modules to be used for the construction of three 4-unit apartment buildings in Randolph, Vermont. Manufacturing is expected to commence in February, with delivery to be completed in the second quarter of 2025.
Rick Coleman, CEO of Star, commented, "We are pleased to announce the signing of another multifamily construction project in Vermont, demonstrating our robust position in the New England commercial construction market, particularly in multifamily housing. KBS has excelled in serving the commercial construction market and has exhibited vast capabilities in other key market segments such as affordable, workforce, energy-efficient, and veteran housing as well as college dormitories."
Mr. Coleman continued, "This win, in addition to the two multimillion-dollar contracts for affordable housing projects in Maine announced in October, give us confidence in the improved market conditions and increased demand for new housing, particularly with respect to large projects. We believe that the improving interest rate environment, our strong backlog and sales pipeline, as well as feedback from our customers, indicate a momentum shift in the marketplace that should continue well into 2025. We believe KBS is well-positioned to capitalize on the opportunities arising from this growing demand."
Thursday, 19th December at 8:30 am
OLD GREENWICH, Conn., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ: STRR, STRRP)) ("Star" or the "Company"), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. ("KBS"), has signed a $2.1 million contract to manufacture multifamily apartments in Vermont.
The $2.1 million contract is for the manufacturing of 16 modules to be used for the construction of three 4-unit apartment buildings in Randolph, Vermont. Manufacturing is expected to commence in February, with delivery to be completed in the second quarter of 2025.
Rick Coleman, CEO of Star, commented, "We are pleased to announce the signing of another multifamily construction project in Vermont, demonstrating our robust position in the New England commercial construction market, particularly in multifamily housing. KBS has excelled in serving the commercial construction market and has exhibited vast capabilities in other key market segments such as affordable, workforce, energy-efficient, and veteran housing as well as college dormitories."
Mr. Coleman continued, "This win, in addition to the two multimillion-dollar contracts for affordable housing projects in Maine announced in October, give us confidence in the improved market conditions and increased demand for new housing, particularly with respect to large projects. We believe that the improving interest rate environment, our strong backlog and sales pipeline, as well as feedback from our customers, indicate a momentum shift in the marketplace that should continue well into 2025. We believe KBS is well-positioned to capitalize on the opportunities arising from this growing demand."
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment