Icelandic renewables and industrial software push aluminum toward lower emissions
Iceland, October 7, 2025 News Summary Iceland’s renewable electricity and emerging industrial software are accelerating decarbonization across the aluminum supply chain. Icelandic firms like SnerpaPower are providing SaaS energy-management tools to smelters such as Norðurál, while startups like DTE supply real-time molten-metal analysis to boost recycling and process efficiency. The U.S. is also seeing momentum: a […]
New Silver closes $300M in development loans, launches small‑balance commercial loan program
West Hartford, Connecticut, October 6, 2025 News Summary New Silver, a Connecticut‑based fintech lender, reported closing more than $300 million in development loans across 40 states and introduced a small‑balance commercial real‑estate loan product aimed at experienced investors. The new program targets multifamily, mixed‑use, retail and industrial assets with short‑term, fast‑approval financing intended to fill common […]
615 River Road Phase I Secures $225M Loan; Ferry Terminal Included
Edgewater, New Jersey, October 6, 2025 News Summary A $225 million construction loan from S3 Capital clears the way for Phase I of a major waterfront redevelopment at 615 River Road in Edgewater, New Jersey. The first phase will deliver a 25‑story tower with 381 luxury apartments, ground-floor retail, parking for more than 500 vehicles and […]
New York City housing starts plunge 67% as tax abatement swap and rising costs stall new construction
New York City, October 6, 2025 News Summary New York City has seen a sharp decline in new market-rate apartment construction, with quarterly housing starts falling from 7,500 to 2,500 units — a 67% decrease. Units under construction dropped from 71,000 to 47,000, driven by the replacement of the 421a tax abatement with the stricter 485x […]
Construction project software reshaping how buildings are designed, built and run
Global, October 6, 2025 News Summary A market forecast reveals rapid adoption of BIM, AI and IoT across architecture, engineering, construction and operations. BIM is evolving from visualization into a multi-dimensional platform that integrates scheduling, cost, sustainability and maintenance data while feeding from real-time IoT to create digital twins. Firms report faster clash resolution, reduced rework […]
Legion Investment Group Secures $155M Construction Loan to Restart 550 West 21st Condo
550 West 21st Street, West Chelsea, New York, October 4, 2025 News Summary Legion Investment Group, with partner AVRS Partners LP, closed a $155 million construction loan to restart work at 550 West 21st Street in West Chelsea. On-site activity includes concrete pours, equipment deliveries and trailers as crews prepare the building’s first story. The planned […]
San Antonio developer secures $65 million loan for Cool Springs luxury apartments
, October 4, 2025 News Summary A San Antonio-based developer has secured a $65 million construction loan to build a new luxury apartment community in Cool Springs. The financing will cover site work, building costs, mechanical systems and interior finishes as the project moves from permitting into full construction. Designed with upscale amenities and contemporary finishes, […]
Asset Management Software Rankings and Industry Moves
Austin, Texas, October 4, 2025 News Summary A comprehensive review evaluated 33 asset management products from 17 vendors and examined the top 10 in depth, ranking solutions by features, value, security and support. Reviewers highlighted four must-have capabilities: real-time asset views, reporting and analytics, mobile access, and scanning/tracking support (barcode, RFID, QR, GPS). The roundup details […]
Construction labor shortages and Agristo plant reshape North Dakota workforce
Grand Forks, North Dakota, October 4, 2025 News Summary A tightening labor market is reshaping North Dakota as nationwide construction shortages, rising wages and expanded training collide with a major industrial investment. The construction sector faces a national shortfall of about 400,000 workers while North Dakota average wages rose 4.6%. Local firms report gaps in field […]
Bayport secures $200M facility to expand bridge lending nationwide
Great Neck, October 3, 2025 News Summary Bayport Funding obtained a $200 million senior credit facility from Webster Business Credit to bankroll a nationwide expansion of short-term real estate lending. The capital boosts Bayport’s ability to provide bridge financing up to $10 million per loan for residential and mixed-use projects, enabling faster closings and larger deals. […]