Ferrovial Secures $720 Million for Texas Water Infrastructure
News Summary Global infrastructure firm Ferrovial, through its subsidiary Webber, has won contracts worth $720 million to enhance water facilities in Texas. This project addresses rising demands in Austin and Fort Worth due to urban growth and ongoing drought conditions. Key initiatives include a new pump station in Austin and an expansion of the Eagle […]
Construction design software market to grow from US$9.9B to US$15.4B
Dublin, October 2, 2025 News Summary A new strategic report finds the global construction design software market expanding from an estimated US$9.9 billion to US$15.4 billion, driven by a projected 7.7% CAGR. The study highlights core capabilities such as 2D drafting, 3D modeling, BIM, structural analysis and real-time collaboration. Adoption is accelerating due to BIM mandates, […]
One Brickell Riverfront Secures $513 Million Construction Loan
Brickell, Miami, October 1, 2025 News Summary Developers secured $513 million in construction financing to build One Brickell Riverfront at 99 SW 7th St. in Miami’s Brickell neighborhood. The package includes $370 million in senior construction financing from a private lender and a $143 million mezzanine loan from 3650 Capital. Led by Newgard Group with Two […]
Private Capital Steps In as Banks Pull Back on New Construction
United States, October 1, 2025 News Summary A growing shortage of homes has pushed new construction to the forefront, but many banks are retreating from speculative ground-up projects. Private capital is filling that financing gap by offering faster closings, flexible underwriting and phased, performance-based funding tied to construction milestones. Although private construction loans often carry higher […]
Lexroom closes $19M Series A led by Base10; partner to join board
Milan, Italy, October 1, 2025 News Summary Lexroom, a Milan-based legaltech startup, raised $19.0 million in a Series A round led by Base10 Partners. The funding will accelerate international expansion, double down on hiring and advance its AI-powered legal assistant platform used by law firms and in-house teams. As part of the round, a Base10 General […]
LPS evacuations prompt building safety and insurance action
Edmonton, north London, October 1, 2025 News Summary The construction sector is under mounting pressure as Large Panel System (LPS) residential blocks trigger evacuations, buyouts and borough-level decommissioning after inspections found cracking, thermal movement and fire-safety risks. Councils face high remediation bills and in some cases opt to demolish or sell affected stock. Industry advisers and […]
Industry-specific Cloud ERP Market Set for Rapid Growth
North America, September 30, 2025 News Summary A recent industry study forecasts strong expansion in industry-specific cloud ERP, with a projected CAGR of 17.40% and growth from USD 3.3 billion to USD 12.1 billion by 2033. North America leads the market while Asia Pacific is the fastest-growing region. The space includes major vendors like SAP, Oracle […]
Rents Flat or Falling Nationwide, San Francisco Posts Double‑Digit Gains
United States, September 29, 2025 News Summary Rents have cooled across much of the country as a large wave of new apartment supply and softer demand ease upward pressure on prices. The national median one-bedroom holds near $1,517 while two-bedrooms sit near $1,894, leaving overall rents about 1% below year-ago levels. At the same time median […]
Ashghal awards QR12 billion in 13 contracts to upgrade roads, drainage and public buildings
Qatar, September 29, 2025 News Summary The Public Works Authority (Ashghal) has awarded 13 contracts worth QR12 billion covering major road and drainage operation and maintenance, intelligent transport systems, four building projects and extensive rehabilitation works. The package includes O&M of strategic roads across North and South Qatar, deployment of ITS, construction of three new schools […]
Construction-tech roundup: Automated site-update platforms and major automation deals
United States, Saudi Arabia, September 29, 2025 News Summary Construction teams are accelerating adoption of automation to improve site updates, progress tracking and onsite tasks. This roundup highlights four leading platforms—CupixWorks, Reconstruct, Fieldwire and Buildertrend—that offer AI-driven 4D digital twins, reality mapping, real-time messaging and AI progress updates. It also covers three major industry deals: a […]