Construction firms form joint venture

Reno Contracting, a San Diego-based builder in the biotech, medical, commercial, industrial and retail, green construction industries, has teamed up with Coyle Residential, a full-service general contractor specializing in high-density, multi-family apartments, mixed use, condominiums design coordination, budgeting and turnkey construction. Under the agreement, Reno and Berkeley-based Coyle will work on a project-specific, but ongoing basis, combining their respective specialties on large-scale multi-family and mixed-use projects.

Their first joint-venture project is a 271-unit, four-story multi-family apartment building, with a 5.5-story parking structure and related site infrastructure located in San Jose. Demolition is near completion, and site improvement and building construction are scheduled to begin in April 2012. The project is expected to take 24 months to complete, with a construction value of approximately $43 million.

In a prepared statement, Reno president Walt Fegley pointed out the advantages of the partnership for both companies. For Coyle Residential, “[It provides] a strong foundation of Reno's bonding and financial strength along with its proven processes and procedures," he said.

Fegley added: "We are pleased to embark on a joint venture that allows us to apply our design-build and energy-efficiency expertise in new markets, both geographically and within the construction industry.”