Douglas Elliman Real Estate Unveils New Mortgage Platform
News Summary Douglas Elliman Real Estate has launched Elliman Capital, an innovative in-house mortgage platform aimed at enhancing home financing for various borrowers. Initially available in Florida, the platform will expand to other states. Developed with Associated Mortgage Bankers, it offers a wide range of loan products including conventional, jumbo, and FHA loans. The platform […]
Kasada Capital Management Expands in Sub-Saharan Africa’s Hospitality Sector
News Summary Kasada Capital Management has made a significant acquisition by purchasing eight hotels in Sub-Saharan Africa, adding over 1,600 keys. This landmark deal underscores the region’s growing appeal among investors, driven by the rising demand for lifestyle hotels, property upgrades, and effective local partnerships. The hospitality landscape is evolving with increased competition and investor […]
TrustPoint Technologies Strengthens Leadership Team
News Summary TrustPoint Technologies has appointed Marie Johnson Wick as Head of Sales and Lisa Alberti as Head of Client Relationships to enhance its growth in the construction lending sector. These strategic hires come as part of TrustPoint’s plan to leverage technology advancements in the industry. With a focus on client-centric solutions and innovative tools, […]
Rising Material Costs and AI Innovations Transforming North Bay Construction Sector
News Summary The construction industry in North Bay faces significant challenges due to rising material costs and supply chain disruptions. A group of commercial contractors has highlighted how tariffs and price hikes, particularly for steel and concrete, threaten project timelines and budgets. Many companies are adopting strategic measures, including locking in prices, while also exploring […]
Rivian Automotive Strengthens Its Position in the Electric Vehicle Sector
News Summary Rivian Automotive is making substantial advancements in the electric vehicle market with plans for in-house technologies, significant partnerships, and a new manufacturing facility. Aiming for 400,000 vehicles annually, Rivian’s collaboration with Volkswagen and its growing relation with Amazon highlights its focus on expanding production and revenue generation. Despite recent financial losses, the company […]
Pallas Capital Reports Surge in New Loans
News Summary Pallas Capital has announced a remarkable increase in its lending activities, reporting $2.9 billion in new loans for the financial year. This signifies a 54% growth from the prior fiscal year. The surge includes 316 transactions, with significant contributions from New Zealand’s construction lending market. Despite a slowdown in some areas, Pallas Capital’s […]
Bipartisan SUPPLY Act Aims to Boost Accessory Dwelling Units
News Summary The SUPPLY Act, a bipartisan initiative in the U.S. House of Representatives, seeks to assist homeowners in building Accessory Dwelling Units (ADUs). This act aims to provide financial support through government-backed second mortgages, facilitating affordable housing options for lower and middle-income families. As cities grapple with housing shortages, the SUPPLY Act aims to […]
AI Adoption Revolutionizes Construction Industry
News Summary The construction industry is witnessing a remarkable transformation as artificial intelligence (AI) is adopted to boost productivity and efficiency. Recent surveys reveal that 69% of construction professionals recognize AI’s potential, with 66% expecting it to drastically change the industry in five years. Despite challenges like rising material costs and labor shortages, the integration […]
Trunk Tools Secures $40 Million in Funding to Revolutionize Construction Management
News Summary Trunk Tools, an AI-driven construction management company based in New York, has raised $40 million in Series B funding, boosting its total to $70 million. The investment, led by Insight Partners, will enhance its product and engineering capabilities, while expanding its range of AI solutions for complex construction projects. Active in the U.S. […]
Construction Progress and Community Engagement in Education
News Summary The Lowndes County Board of Education held a meeting discussing significant updates on construction projects, community initiatives, and strategies for staff retention. Highlighting the nearing completion of Lake Park Elementary School, the board emphasized its dedication to community involvement and educational quality. Upcoming themed football games, a strong teacher retention rate, and substantial […]