Beacon Consulting Group has long provided construction loan monitoring services to leading banks and other financial institutions. Earlier this year, Beacon started work on a construction loan monitoring project for a leading privately-held bank based in New York City. The project is a large mixed-use (residential / commercial) development project located in Parsippany, NJ. Beacon's team was retained to provide construction loan monitoring during Phase 1 site development work related to the PARQ project in NJ.
The Surety Claims Institute (SCI) held its annual meeting last week (June 22-24, 2022) in Asheville, NC at the historic Omni Grove Park Inn. Beacon's President Dennis O'Neill (currently Treasurer of the SCI) was in attendance, along with Beacon Vice Presidents Jim Bruno and John Yeung. This year's meeting included some informative presentations by a wide range of surety claims experts, great networking events, and opportunities to explore the hotel's beautiful natural surroundings and awesome views of the Great Smoky Mountains. It was great to see so many old friends, clients, and partners at this year's event...
It's hard to believe that Memorial Day weekend is here already. It's a great time of year, with graduation parties, barbecues, baseball games, and all kinds of outdoor sports and activities. After a long winter in the Northeast, the hot weather seems to come up all at once. The temperature in Boston hit 88F this past weekend and in New York City it topped 90F on Saturday! Wherever you will be this coming holiday weekend, I hope you have great weather and a great time. Click below for full message...
Having worked on assignments across the U.S. for Beacon over the past 11 years, in 2020 Kieran O’Connor welcomed the opportunity to take the lead role in Beacon's new Florida office, where he now serves as Vice President, Southeast U.S. In addition to serving as the lead consultant on many projects, Kieran has extensive experience managing teams of project managers, superintendents, project engineers, and other consultants to complete projects in an efficient, professional, and cost-effective manner. Kieran has also served as an expert witness related to construction claims litigation and has participated on expert panels at industry conferences. Click below for full article...
Beacon Consulting Group was retained by a leading Surety company to provide construction consulting services related to a Firehouse expansion and renovation project in Carmel, NY. The town is located approximately 50 miles north of New York City, has a population of 34,000 people, and is served by an all-volunteer fire department. In the summer of 2021, construction started on the 11,000-sf expansion to the town's main firehouse. Notable features of the $4.5-million project are the construction of a large new building directly behind the existing firehouse...
Earlier this year, Mutual of Omaha and the Mayor of Omaha announced plans for a new $433-million skyscraper to be built in downtown Omaha. Although the project must still be formally approved by the Omaha City Council, many details about the project have been released by the city and Mutual of Omaha. The proposed tower (known as "Project Beacon") would be between 40 and 50 stories tall, up to 650 feet in height, with 800,000 square feet of office space and 2200 parking spaces. Depending on the final approved design, the tower could end up being the city's tallest building...
Happy Spring! I hope you are enjoying the longer days, better weather, and more normal times! March is not only the season of "March Madness," it is also a busy time in the construction industry as exterior site work starts or resumes in colder parts of the U.S. where snow cover and frozen ground slowed or halted outside progress during colder months. Beacon's team members are currently out in the field at many sites, providing construction management, monitoring and other consulting services for a wide range of projects across the U.S. In this month's E-news, we highlight one rooftop emergency generator project which our team is helping a leading Surety to complete in New York City. This month has also meant the resumption of some in-person industry events...
This Surety Consulting Project Profile highlights a project Beacon is currently working on in New York City. Our team is currently helping a leading Surety with the completion of an emergency generator / backup power project in the lower East Side of Manhattan. The generator is located on the rooftop of a building owned by the Henry Street Settlement, a well-known NYC-based social services organization...
Beacon’s President, Dennis O’Neill participated in “Zurich’s 2022 CE/CLE Extravaganza” on March 9-10, 2022. The event enabled employees to obtain CE/CLE credits through attending multiple virtual presentations given over the course of a few days. The topic of the presentation was the False Claims Act. The federal False Claims Act is sometimes known as “Lincoln’s Law,” because it was enacted during the Civil War to counter widespread fraud by defense contractors supplying the military. Congress passed the False Claims Act on March 2, 1863...
Women in Surety is an organization dedicated to the professional development and career advancement of women working in the surety industry. Founded in 2016, the group has grown to provide a range of services and events for its members, including educational and networking opportunities and a mentoring program...
