JLL Capital Markets Secures $36 Million Financing for Camelot on Main
News Summary JLL Capital Markets has arranged $36 million in financing for the Camelot on Main development in Sayreville, NJ. The project includes 142 luxury units, enhancing local housing inventory. Located with easy access to highways and public transport, this development offers appealing amenities aimed at a diverse community. With significant financing secured, Camelot on […]
Lawsuit Emerges Amid Allegations Against First Liberty Building & Loan
News Summary Legal troubles have escalated for First Liberty Building & Loan as a lawsuit is filed over allegations of fraud and its abrupt closure. The firm, which promised lucrative loans and investments, left clients and investors in turmoil due to the sudden halt of operations and ongoing investigations by the SEC. The closure raises […]
Ferguson-Barraza Construction Joins the Brush Chamber of Commerce
News Summary Ferguson-Barraza Construction and Renovations has officially joined the Brush Chamber of Commerce, marking a new chapter for the local business community. Co-owned by Brush natives Justin Ferguson and JR Barraza, the company offers an extensive range of construction and renovation services, backed by a combined 34 years of experience. They emphasize quality work […]
Contract Opportunities Announced by King County for Projects
News Summary King County has unveiled a range of contract opportunities and bid notices for various construction projects. Key proposals are available, with submission deadlines approaching in the summer. The projects focus on enhancing community services and encouraging participation from Minority and Women’s Business Enterprises. Various significant projects, such as the NE Auburn Creek Restoration […]
Revolutionizing Construction: Free Online BIM Viewers Transform Project Collaboration
News Summary The construction industry is experiencing a transformation with the rise of free online Building Information Modeling (BIM) viewers. These tools enhance collaboration and efficiency, shifting from traditional 2D drawings to detailed 3D models. The democratization of BIM access improves communication among architects, engineers, contractors, and clients, streamlining workflows. Free BIM viewers also boost […]
DA Davidson Upgrades Autodesk, Projects Robust Growth
News Summary DA Davidson has upgraded Autodesk from ‘Neutral’ to ‘Buy’, raising its price target from $305 to $375. The firm cites Autodesk’s improvements in cost structure, governance, and operational execution as key factors for expected strong growth in the architectural and construction software market. Autodesk anticipates significant profit growth as it focuses on areas […]
Cronheim Hotel Capital Secures $39 Million for AC Hotel Knoxville
News Summary Cronheim Hotel Capital has secured $39 million in construction financing for the AC Hotel Knoxville Downtown project. This amount covers 75 percent of project costs and includes an innovative CPACE program for future funding. Scheduled to open in winter 2026, the seven-story hotel will feature 161 rooms, a rooftop bar, and modern design […]
Fields West Development in Frisco Secures Major Construction Loan
News Summary Fields West, a 55-acre mixed-use project in Frisco, Texas, has secured a $425 million construction loan. The funding, facilitated by Hunt Realty Investments and The Karahan Cos., will contribute to a project estimated at $2 billion. With plans for 350,000 square feet of retail and dining space as well as offices, Fields West […]
NuRock Secures Funding for Affordable Housing in Hollywood
News Summary NuRock Companies has secured $38.7 million to develop the Residences at Beverly Park, an affordable housing project in Hollywood, Florida. Comprising 115 units, this development aims to address the local affordable housing crisis by offering energy-efficient homes to low- and moderate-income residents. The project will be designed by CFM Architects and will include […]
Bridge2Trades Initiative Launches Workforce Development Program
News Summary The Bridge2Trades initiative has started its second year of workforce development, aiming to empower underserved youth in Boston through hands-on training in construction trades. The program includes essential certifications, industry exposure, and a focus on community transformation, providing the skills needed for long-term careers in the construction sector. Bridge2Trades Initiative Launches Second Year […]