West Hollywood design and hospitality roundup
West Hollywood, California, August 31, 2025 News Summary A roundup of recent moves in West Hollywood’s design and hospitality scene: a local interior design studio is hiring a senior Project Manager to oversee coast-to-coast projects; a chef-driven restaurant with a vinyl-only listening lounge is opening in the Design District at 631 N. Robertson Boulevard; a stretch […]
Holcim completes sale of 83.81% stake in Lafarge Africa to Huaxin Cement
Nigeria, August 31, 2025 News Summary Holcim has completed the sale of its entire 83.81% stake in Lafarge Africa PLC to Huaxin Cement for an equity value of US$1.0 billion on a 100% basis before dividend adjustments. The divestment frees capital for Holcim’s NextGen Growth 2030 strategy, earmarked for organic growth, acquisitions and sustainability priorities including […]
Construction financing secured for Clock Tower Residences in Houston Heights
Houston, Texas, August 30, 2025 News Summary A four-year construction loan from Veritex Community Bank has been arranged to fund Clock Tower Residences, a seven-story boutique multifamily building with 214 units beside the historic Heights Clocktower in Houston. Developed by a joint venture of Radom Capital and Asana Partners, the project includes four live-work units, ground-floor […]
U.S. infrastructure rated C as $3.7T funding gap and worker shortages threaten progress
United States, August 30, 2025 News Summary A national assessment gives U.S. infrastructure an overall C, marking modest improvement but highlighting widespread weakness across transportation, energy, water and other systems. The review finds a roughly $3.7 trillion funding gap if current federal spending levels persist and flags large workforce shortfalls that could slow delivery and raise […]
City approves climate‑resilient dockhouse for 79th Street Boat Basin
79th Street Boat Basin, New York City, August 30, 2025 News Summary The city design review board has approved a new 3,800‑square‑foot, climate‑resilient dockhouse for the 79th Street Boat Basin as part of a $90 million marina overhaul. The one‑story building will be elevated on nine columns to meet flood‑zone requirements and feature a green roof, […]
Mortenson opens 40,000-sq-ft BLUlabs R&D center in Fridley
Fridley, Minnesota, August 30, 2025 News Summary Mortenson has opened BLUlabs, a 40,000-square-foot research and development center in the Northern Stacks industrial park in Fridley, Minnesota. The configurable facility houses fabrication bays, 3D printers, CAD workstations, CNC machines, a plasma table and trade-specific tools, with on-site engineering and fabrication staff to support prototyping and low-volume manufacturing. […]
Marcus & Millichap Arranges $8.7M Construction Loan for Marshview Apartments in Sheboygan Falls
Sheboygan Falls, Wisconsin, August 29, 2025 News Summary Marcus & Millichap Capital Corporation arranged an $8.7 million construction loan to finance Marshview Apartments, a new 48‑unit multifamily community in Sheboygan Falls. The ground‑up project consists of four low‑rise buildings with 12 two‑bedroom, two‑bath units each, private entry and attached single‑car garages. The five‑year loan carries a […]
Major $162M construction loan funds Hoboken Urby development
Hoboken, New Jersey, August 29, 2025 News Summary A $162 million senior construction loan has closed to fund a 345-unit Urby development on Observer Highway at Park Avenue in southern Hoboken. The transit-oriented, 16-story mixed-use project will deliver market-rate and affordable apartments, roughly 17,000 square feet of ground-floor retail, and extensive resident amenities including a rooftop […]
Founder of Major Midwestern Construction Company Dies
St. Louis, Missouri, August 29, 2025 News Summary Ralph Korte, founder of a prominent Midwestern construction company and an early proponent of the design‑build method, has died. He built the firm from residential beginnings into a multi‑hundred‑million‑dollar regional contractor known for early technology adoption, BIM, tilt‑up construction and LEED projects. The company reports roughly $552–$553.3 million […]
FieldAI closes oversubscribed round to advance construction robotics
construction jobsite, August 29, 2025 News Summary FieldAI closed an oversubscribed funding round after quick customer adoption, attracting major venture and strategic corporate backers. The capital will accelerate global expansion, fuel product development across locomotion and manipulation, and support aggressive hiring aimed at doubling headcount. Central to FieldAI’s offering are physics-first Field Foundation Models (FFMs) built […]