Procore and cloud partner embed AI agents to transform construction workflows
Seattle, August 27, 2025 News Summary A multi‑year collaboration between a leading construction platform and a major cloud provider is introducing AI agents, real‑time analytics and a searchable intelligence layer into construction workflows. The platform, branded with an intelligence layer that turns site diaries and RFIs into continuous insights, automates tasks like drafting RFIs, flagging spec […]
Procore and AWS launch strategic multi‑year collaboration to accelerate construction AI
Carpinteria, California, August 27, 2025 News Summary Procore Technologies and Amazon Web Services announced a multi‑year strategic collaboration to co‑invest in go‑to‑market activities and product innovation for the construction industry. The agreement lists Procore’s platform in AWS Marketplace for buyers in North America and Europe, enables consolidated billing and use of existing AWS spend commitments, and […]
Arriba Capital closes $67M construction loan for dual-branded Hilton hotel near Oracle campus in Nashville
Nashville, East Bank district, August 26, 2025 News Summary Arriba Capital provided a $67 million construction loan to fund a dual-branded Hilton hotel (Home2 Suites and Hampton Inn) in Nashville’s East Bank district. The upper-midscale project will cover hard and soft costs for a repeat borrower and sits adjacent to a planned $2 billion corporate headquarters […]
Zoning alone won’t close U.S. housing shortage, experts say
United States, August 26, 2025 News Summary The United States faces an estimated shortfall of about 4.7 million housing units, driven by restrictive zoning and compounded by financing, labor and materials constraints. While upzoning can lower regulatory costs and enable denser development, experts warn it won’t automatically trigger large-scale building without cheaper construction credit, more skilled […]
Global Building Information Modeling Market Set to Rise to USD 15.42 Billion
Delray Beach, Fla., August 26, 2025 News Summary A new market forecast projects strong expansion in the Building Information Modeling (BIM) market, driven by demand for real-time visualization, data integration and energy-efficient design. Growth is propelled by government mandates, modular construction trends, and integration with IoT, digital twins, cloud platforms and AI. Design and modeling software […]
AI Cuts Costs and Time in Electrical Estimating
United States, August 26, 2025 News Summary The electrical contracting industry is rapidly adopting AI-powered estimating systems that scan plans, detect symbols, and auto-generate takeoffs in hours instead of days. These platforms improve precision, reduce omissions, and sync estimates with procurement, accounting and project management tools to eliminate duplicate data entry. Vendors ease adoption with intuitive […]
RXR Acquires 42‑Story Office Tower at 590 Madison Ave
Plaza District, Manhattan, New York, August 25, 2025 News Summary RXR, in partnership with Elliott Investment Management, purchased the 42‑story Class A office tower at 590 Madison Ave for roughly $1.08–$1.1 billion. The acquisition, financed with a senior mortgage from Apollo Global Management and advised by Newmark and Eastdil Secured, is the largest single office building […]
Derwood building conversion advances for new Dunkin restaurant
Derwood, August 25, 2025 News Summary Construction is progressing at 17700 Muncaster Road as a former childcare building is being repurposed into a 2,500-square-foot Dunkin restaurant with a single drive-thru lane. A conversion permit was issued earlier and crews are continuing work while county traffic permits remain under review, leaving the opening date uncertain. Planned site […]
Gulf facility management market grows as Yas Island data centre FM deal lands major contract
Abu Dhabi, UAE, August 25, 2025 News Summary The Gulf facility management sector is on a steady growth path, driven by public infrastructure, healthcare expansion, tourism and smart building adoption. The region’s market is valued in the tens of billions of dollars and is forecast to rise substantially over the coming years, with the UAE showing […]
Federal order halts Revolution Wind construction
Rhode Island (offshore), August 24, 2025 News Summary A federal offshore energy office issued an order requiring work on the Revolution Wind project to stop while it conducts a new review tied to a presidential executive order. At the time of the halt most turbines were already installed and the developer said the project was about […]