Fennemore Expands in Denver with Galvanize Law Acquisition
News Summary Fennemore, a national law firm, is expanding its presence in Denver by acquiring Galvanize Law, a reputable construction law firm. This strategic acquisition aims to enhance Fennemore’s capabilities in meeting the growing legal demands within the construction sector of the Rocky Mountain region. The acquisition is set to take effect on October 1, […]
Rentec Direct Recognized as Finalist for Best SaaS Product
News Summary Rentec Direct has been named a finalist in the Best SaaS Product for Property Management category at the prestigious SaaS Awards. This recognition highlights the company’s innovative cloud-based solutions aimed at empowering real estate professionals by improving operational efficiency. As a self-funded provider, Rentec Direct is praised for its exceptional customer support and […]
CHA Engineering Elevates Leadership in Bridge Design
News Summary CHA Engineering has announced key promotions within its Bridge Engineering Group. Ryan Cooley becomes Vice President and Business Practice Leader, while Michael Sullivan is appointed Bridge Project Team Leader for New England. Both bring extensive experience and commitment to improving bridge design and construction in the region, ensuring the firm remains a leader […]
Milwaukee Street Lighting Project Faces Delays Due to Theft
News Summary The Milwaukee street lighting project in Rufus King and Arlington Heights is on hold for three weeks due to thefts of construction materials. Key elements such as plastic piping and copper wire have been targeted, causing the project timeline to stretch significantly beyond its original completion date. Local leaders express concern over the […]
Arcol Unveils New Cloud-Based BIM Tool for Architects
News Summary Arcol, a startup founded in 2021, has launched a cloud-based Building Information Modeling (BIM) tool aimed at the conceptual design phase in architecture. The platform features real-time collaboration, a user-friendly interface, and integration capabilities with popular software like Autodesk Revit. With a free version for solo users and competitive pricing for teams, Arcol […]
Exodigo Secures $96 Million in Series B Funding for Expansion
News Summary Exodigo, an Israeli startup focused on geophysical intelligence, has raised $96 million in Series B funding. This investment will bolster its global expansion efforts and enhance its underground mapping solutions that utilize AI and multi-sensor technology. The funding round, co-led by existing investors, doubled the company’s valuation to $214 million. Exodigo aims to […]
Beitel Group Secures $305 Million Loan for New Development
News Summary The Beitel Group has obtained a $305 million construction loan from SCALE Lending to develop a mixed-use project in Mott Haven, featuring two high-rise towers. This project will include 755 rental units and 11,500 square feet of retail space, set to enhance the neighborhood’s skyline and living experience. With a variety of amenities […]
Paducah City Commission Advances Southside Revitalization
News Summary The Paducah City Commission is advancing a revitalization plan for the Southside area, introducing financial incentives and plans for affordable housing. Key highlights include 100% financing on construction loans through a partnership with CFSB. The second reading of the South Side Revitalization Plan ordinance is scheduled for August 12. This initiative aims to […]
Multifamily Housing Developments Face Major Challenges
News Summary The multifamily housing market is experiencing significant difficulties, with completions for apartments down nearly 40% year-over-year. While construction starts for new projects increased, total units under construction have declined. Building permits for multifamily developments saw a rise, but rising costs and community concerns present obstacles. In Anchorage, ambitious goals for new residential units […]
AMETEK Acquires FARO Technologies for $920 Million
News Summary AMETEK has successfully completed its acquisition of FARO Technologies, valued at $920 million. This strategic move enhances AMETEK’s Ultra Precision Technologies Division, bringing together advanced 3D measurement solutions to bolster operational capabilities. Following the acquisition, FARO will operate within AMETEK’s umbrella alongside Creaform and Virtek, aiming to improve service offerings and customer experience […]