Insider Sales at Procore Technologies Raise Questions
News Summary Procore Technologies faces scrutiny due to insider sales by executives amidst positive market developments. Key transactions have raised investor concerns about the company’s future and stock performance. Despite these worries, strong institutional support and recent positive earnings reports offer a complex outlook for investors. As Procore continues to navigate its market position, patience […]
KeyBank Finances Affordable Housing Development in Oceanside, California
News Summary KeyBank has secured financing for the El Camino Real Apartments in Oceanside, California, which will provide 111 affordable housing units for families. The project aims to address the housing shortage and includes supportive services for residents. The City Council has unanimously approved this initiative, highlighting its importance for the community by integrating essential […]
CA$200 Million Financing Deal Boosts Morgan Construction
News Summary Gordon Brothers has secured a CA$200 million financing deal for Morgan Construction, aimed at enhancing working capital, supporting new equipment purchases, and facilitating growth. The financing package includes a five-year revolving credit facility and an accordion feature, allowing for increased borrowing capacity. Alongside financial support, Gordon Brothers will provide long-term asset advisory services […]
ServiceTitan Partners with Pine Services Group for ERP Enhancement
News Summary ServiceTitan has announced a strategic partnership with Pine Services Group to enhance enterprise-level solutions for the construction industry. This collaboration aims to integrate field service management, accounting, and ERP solutions to improve operational efficiency and profitability for businesses in the sector. By working with leading ERP providers like Microsoft and NetSuite, this partnership […]
AVCOR Construction Partners with Kahua for Project Management
News Summary AVCOR Construction, LLC has announced its partnership with Kahua to implement a project management information system that ensures compliance with the Cyber Maturity Model Certification (CMMC). This strategic move aims to enhance AVCOR’s project management capabilities while reinforcing its competitive edge in federal contracting. Kahua’s software offers robust cybersecurity controls essential for safeguarding […]
New Tax Reforms Enhance Construction and Minerals Production
News Summary President Trump has signed significant tax reforms aimed at advancing the construction industry and critical minerals production. Key provisions restore tax incentives essential for contractors, including bonus depreciation and Section 179 expensing. Support from industry associations underscores the importance of financial planning and investment growth. Enhanced tax credits for research and development, along […]
JDM Technology Group Expands Nordic Operations with Infotech AS Acquisition
News Summary JDM Technology Group has acquired Infotech AS, a Stavanger-based company known for its tailored construction solutions in the Nordic market. This acquisition enhances JDM’s existing presence in the region and aims to leverage shared resources for innovation. Infotech will retain its brand and leadership to ensure continuity for customers and employees. The move […]
Innovative Tech Solutions Enhance Field Operations for Contractors
News Summary Recent advancements in technology have transformed field operations for contractors in the plumbing and mechanical industries, introducing tools like FieldMind, WorkMax, and Stack. These solutions enable better task management, real-time data collection, and streamlined preconstruction processes. With features such as AI assistance, cloud-based platforms, and interactive guides, contractors can improve efficiency and collaboration […]
New Student Housing Development in Ann Arbor Begins Construction
News Summary CRG and Shapack Partners are moving forward with the construction of Chapter Ann Arbor, a 19-story student housing facility located near the University of Michigan. Set to provide 183 units and 625 beds, the project aims for completion by 2027, accommodating diverse living needs and offering modern amenities. This development addresses the increasing […]
Kiavi Expands Construction Financing Team with New Leaders
News Summary Kiavi has strengthened its construction financing division by hiring Tom Hallock as head of construction lending and Robert Jayne as head of originations. These executives bring extensive experience in construction finance aiming to drive growth and enhance service for real estate investors. Under their leadership, Kiavi plans to leverage advanced technology to improve […]