Messer Construction to Oversee Kentucky State Capitol Renovation
Frankfort, August 12, 2025 News Summary Messer Construction has been appointed the construction manager for a significant $291.5 million renovation of the historic Kentucky State Capitol in Frankfort. This project marks the first major overhaul in over 70 years, aiming to address safety concerns and modernize infrastructure while preserving the building’s historical character. Essential upgrades will […]
Taisei Corporation’s Acquisition of Toyo Construction Transforms Japan’s Construction Sector
Japan, August 12, 2025 News Summary Taisei Corporation has initiated a ¥160 billion acquisition of Toyo Construction, aiming to transform Japan’s construction industry amidst aging infrastructure and labor shortages. The merger combines Taisei’s digital construction expertise with Toyo’s marine engineering capabilities, targeting significant cost synergies and enhancing competitiveness. With investments in automation and renewable energy, this […]
Researchers Convert Food Waste into Sustainable Construction Materials
Tokyo, August 12, 2025 News Summary Researchers at the University of Tokyo have developed a method to transform food waste into durable construction materials. This innovative process not only addresses the global issue of food waste but also enhances sustainable building practices. By repurposing scraps like vegetable peels and seaweed through heat pressing, they have created […]
Rancho Palos Verdes Moves to Ban Construction in Landslide Areas
Rancho Palos Verdes, August 12, 2025 News Summary Rancho Palos Verdes is taking significant steps to enhance public safety by permanently prohibiting new residential construction in landslide-prone areas. Following support from the Los Angeles County Board of Supervisors for a related bill, the city council is set to introduce an ordinance formalizing this construction ban. Residents […]
SmartBarrel Revolutionizes Construction Labor Management in Miami
Miami, August 12, 2025 News Summary SmartBarrel, a startup based in Miami, aims to transform construction labor management through in-person collaboration. Led by founder Albert Bou Fadel, the company combines hardware and software to enhance productivity and creativity in the sector. With a biometric check-in system and advanced data tools, SmartBarrel tracks over 50,000 workers daily […]
New Tax Legislation Offers Major Benefits for Construction Companies
United States, August 12, 2025 News Summary The federal tax bill, known as the One Big Beautiful Bill Act, introduces significant tax reforms that benefit construction companies. Key updates include a 100% bonus depreciation for qualified property, a permanent Qualified Business Income deduction, and increased SALT deduction limits. These changes enhance cash flow and reduce tax […]
RRBB Accountants Expands Tax Department and Opens Office
Wall Township, New Jersey, August 12, 2025 News Summary RRBB Accountants and Advisors announces the expansion of its tax department with new senior hires and the opening of a new office in Wall Township, New Jersey. The firm welcomes industry veterans to enhance their service offerings, particularly in estate planning and compliance. The new Wall Township […]
Walker & Dunlop Secures $160 Million Loan for Cotino Community
News Summary Walker & Dunlop has arranged a significant $160 million loan for the development of the Cotino Community in Rancho Mirage, California. This master-planned community, branded as Storyliving by Disney, aims to provide 1,900 residential units complemented by a stunning 24-acre lagoon and a range of amenities. The financing package, which includes a $27 […]
Marcus & Millichap Capital Corporation Secures $91.4 Million Financing
News Summary Marcus & Millichap Capital Corporation has arranged $91.4 million in financing for two multifamily projects in Naples, Florida. The funding will support Vintana at Vanderbilt and The Karlyn, which are set to enhance the residential landscape in this highly desirable area. Both developments will include high-end finishes and resort-style amenities, catering to a […]
Giarratana Pursues $360 Million Loan for Paramount Tower
News Summary Nashville’s Giarratana seeks a $360 million construction loan for the Paramount skyscraper, a 60-story residential tower. Despite facing setbacks with previous loan agreements, the company has raised substantial equity and begun foundational work. With strong pre-sale interest and a projected completion timeline of summer 2028, the project is poised to reshape Nashville’s skyline […]