Marcus & Millichap Arranges $14.5M Construction Loan for Homestead Extra Space Storage
Homestead, Florida, September 27, 2025 News Summary Marcus & Millichap Capital Corp.’s Miami office arranged a $14.5 million construction loan to finance a 1,038-unit Extra Space Storage development at 1995 N.E. 8th St. in Homestead, Florida. The planned facility will total about 135,800 square feet and be operated by Extra Space Storage upon completion. The five-year […]
Hyperscaler AI Spurs Capital‑Intensive Data Center Buildout
, September 27, 2025 News Summary Rapid hyperscale cloud and AI growth is triggering a capital‑intensive sprint to build next‑generation data centers, requiring project‑level construction debt, HoldCo facilities, mezzanine equity and permanent takeouts. Developers and lenders are adopting layered financing and accelerated diligencing to close larger, higher‑power projects, while local grids and communities confront transmission upgrades, […]
Construction leaders urged to balance speed and risk as digital tools spread
Baltimore, Maryland, September 27, 2025 News Summary Construction leaders are being urged to balance speed and risk when adopting digital tools, emphasizing pilots, clear processes and team training to protect data and embed new systems in daily work. The industry faces rapid technological change—especially from generative AI and large language models—that can streamline proposals and documentation […]
National Roadmap to Standardize BIM for Highways, Bridges and Transit
Washington, D.C., September 27, 2025 News Summary The National Institute of Building Sciences, in collaboration with the Federal Highway Administration and industry partners, released a landmark roadmap to create a Central Building Information Modeling (BIM) Transportation Library. The CBTL framework aims to establish national, interoperable BIM standards for highways, bridges and transit, unifying fragmented digital practices […]
Nordic Aqua secures RMB 300M to expand Ningbo salmon operations
Ningbo, China, September 26, 2025 News Summary Nordic Aqua Partners announced a RMB 300 million equity investment from two unnamed Chinese investors for a 20% stake in its Ningbo unit, valuing the operation at RMB 1.2 billion. The funds will complete Stage 2 construction and kick off Stage 3 to reach a planned 20,000 metric ton […]
Affinius and Axonic Form Middle‑Market Construction Lending Partnership
Quogue, New York, September 26, 2025 News Summary Investment firms Affinius Capital LLC and Axonic Capital LLC announced a partnership to provide first‑mortgage construction financing for middle‑market development projects, beginning with a $47.8 million loan for Quogue Business Park. The mixed industrial and self‑storage project spans about 217,000–218,000 square feet on a 19.2‑acre site and is […]
AI won’t fix construction delays until jobsites fix data
Clay, New York, September 26, 2025 News Summary Artificial intelligence cannot meaningfully reduce construction delays or budget overruns until jobsites collect structured, centralized data. The industry still relies on fragmented updates — messaging apps, paper checklists and scattered cloud folders — leaving analytics and AI models starved for reliable inputs. The piece compares construction to agriculture’s […]
Washington school districts shift funding plans as bonds stall
Washington state, September 25, 2025 News Summary Facing repeated failures of bond measures that require a 60% super‑majority, Washington school districts are pivoting to capital levies, grants and local partnerships to fund building repairs, safety upgrades and modest classroom additions. Levies, which need only a simple majority and run three to six years, provide phased cash […]
Mid-market construction lending platform launches with $47.8M Quogue loan
Quogue, New York, September 25, 2025 News Summary Two investment firms launched a mid-market construction lending platform that began with a $47.8 million loan to finance a 217,000-square-foot Class A industrial and self-storage project in Quogue. The partnership pairs one firm’s construction lending platform and sourcing with the other’s flexible insurance capital to deliver first mortgage […]
New Visa Program for Non-Americans in Construction Proposed
Washington, D.C., September 25, 2025 News Summary A proposal for a new visa program targeting non-American workers in the construction sector has been introduced in the House of Representatives. The Essential Workers for Economic Advancement Act aims to address the ongoing labor shortages faced by construction firms across the nation, many of which report difficulties in […]