Global BIM Market Set to Triple as Airports and Hotels Shift Digital
Global, September 17, 2025 News Summary The global Building Information Modeling market is on a rapid growth path, driven by AI, cloud platforms, sustainability targets and wider use of BIM for operations and asset management. Market value is projected to rise markedly, supported by demand for 4D scheduling and 5D cost integration. Large programs at airports […]
Lima One Capital opens 60,000‑sq‑ft Greenville headquarters at 300 E. McBee Ave.
Greenville, South Carolina, September 16, 2025 News Summary Lima One Capital has moved into a new downtown Greenville headquarters at 300 E. McBee Ave., occupying about 60,000 square feet across the building’s second and third floors. The relocation consolidates more than 200 employees into a single workspace with amenities including an outdoor balcony, on‑site cafe and […]
JLL Arranges $28M Loan for URBANIA® Flagler 1st Ave and Brokers $117M Rivr Lofts Refinance in Fort Lauderdale
Fort Lauderdale, Florida, September 16, 2025 News Summary JLL Capital Markets structured two major multifamily financings as downtown Fort Lauderdale continues to expand. The firm secured a $28 million construction loan through Goldman Sachs for Continua Developments’ URBANIA® Flagler 1st Ave in Flagler Village and arranged a $117 million three-year floating-rate refinancing for Rivr Lofts, a […]
Construction ERP Market Forecast to More Than Double
Global, September 16, 2025 News Summary Analysts estimate the global construction ERP software market currently at roughly USD 4.0 billion and forecast it will more than double to about USD 8.4 billion over the next decade, driven by cloud migration, AI analytics, IoT site monitoring and mobile dashboards. Software and cloud deployments lead revenue, with large […]
Soo Locks cost estimate drops to about $2.62 billion; summer finish still expected
Sault Ste. Marie, Michigan, September 15, 2025 News Summary The U.S. Army Corps of Engineers revised the certified cost estimate for the new Soo Locks large lock from nearly $3.0 billion to about $2.62 billion after awarding all contract options and removing contingency tied to unawarded sub‑phases, trimming roughly $250 million of project risk. Construction remains […]
CreateMe launches robotic platform and microadhesive for bonded apparel
Newark, California, September 15, 2025 News Summary CreateMe Technologies unveiled a hardware and materials system pairing a modular robotic assembly cell with a digitally applied microadhesive to enable on‑demand bonded garment production in the United States. The platform is positioned as an end‑to‑end, software‑defined garment construction solution that replaces traditional sewing, speeds production, and reduces waste. […]
National NECA/ELECTRI Project Management Apprenticeship Surpasses 100 Apprentices
United States, September 14, 2025 News Summary A U.S. Department of Labor–registered project management apprenticeship for the electrical construction industry has grown rapidly, enrolling more than 100 apprentices across 10+ cohorts. The program, operated with 60+ contractor partners in over 25 states, combines classroom instruction and on-the-job learning to prepare job-ready project managers for complex electrical […]
West Loop tower lands $96M for 19‑story, 287‑unit apartment project
West Loop, Chicago, September 13, 2025 News Summary A local development team secured roughly $96 million to build a 19‑story, 287‑unit apartment tower at 1221 W. Washington Blvd. The financing package includes a $71.6 million construction loan and $23.9 million in preferred equity. The glass‑and‑brick building will offer studios, one‑ and two‑bedroom units, about 3,000 sq […]
Speedchain Raises $111 Million to Scale Construction-Focused Platform
Midtown Atlanta, September 13, 2025 News Summary Atlanta-based fintech Speedchain Inc. closed a $111 million mixed equity and debt financing to expand its commercial card and expense-management platform for construction and project-driven industries. The round includes debt from Community Investment Management and equity from multiple venture and institutional investors. Proceeds will accelerate go-to-market efforts, product innovation, […]
IPO Pipeline Set to Shift Venture Investing in India
India, September 13, 2025 News Summary A wave of nearly 80 mainboard IPOs raising about INR 1,630 billion is reshaping prospects for startups and investors in India. Market participants say expanded public-market access can broaden exit options and alter fundraising terms, though many early-stage VCs still prefer pre-seed and seed deals where they can shape product […]