PSRS Arranges $13.4M Construction Loan for San Diego Micro‑Apartment Project
San Diego, September 21, 2025 News Summary PSRS arranged a $13.4 million construction loan through a debt fund to finance a nine‑story, 70‑unit micro‑apartment building in San Diego. The nonrecourse facility carries a 75% loan‑to‑cost ratio and a 24‑month term with two six‑month extension options to cover construction and early lease‑up. The development will include 69 […]
Civil construction market set for steady growth as Dublin Airport awards major contracts
Dublin, Ireland, September 21, 2025 News Summary Research forecasts steady long-term expansion in the civil construction market, with a projected 4.1% CAGR to reach USD 216.9 billion by 2034 driven by government infrastructure programmes and large-scale projects. Irish airport operator daa has awarded a €325m-plus airside and landside civil engineering framework to the Sisk/Lagan joint venture […]
Russo Development Secures $162M Wells Fargo Construction Loan for The Raye in New Brunswick
New Brunswick, New Jersey, September 20, 2025 News Summary Russo Development closed a $162 million, three-year floating-rate construction loan with Wells Fargo, arranged by JLL Capital Markets, to advance The Raye by Vermella in New Brunswick. The multibuilding luxury community is being delivered across two phases on a roughly 20-acre former Sears site and will include […]
Cottonwood Group provides $105M construction loan for Austin life‑sciences campus
Austin, Texas, September 20, 2025 News Summary A real estate private equity firm has provided a $105 million construction loan to fund a build‑to‑suit life‑sciences facility in northeast Austin. The biotech tenant will occupy roughly 220,000–223,500 square feet within the 425‑acre EastVillage ATX mixed‑use development. The project, co‑arranged by Newmark and CBRE and delivered by a […]
Construction Promotion and New Ownership at Olivette Lanes
St. Louis area, September 20, 2025 News Summary S. M. Wilson & Co. has promoted Emily Klackner to Senior Project Manager after joining the firm as an intern and building a portfolio that includes school district bond work, district master planning, retail remodels and high-profile community projects. Meanwhile, Olivette Lanes at 9520 Olive Blvd is under […]
J.P. Morgan Secures Freddie Mac TAH Optigo Lender License to Expand Multifamily Financing
United States, September 19, 2025 News Summary J.P. Morgan’s Commercial Real Estate Agency & Institutional Capital team received a Freddie Mac Targeted Affordable Housing (TAH) Optigo lender license, enabling new agency-backed long-term financing for affordable and conventional multifamily projects nationwide. The license broadens the firm’s lending toolkit and lets it combine agency pathways with institutional capital […]
Merle Hay Mall scaled-back arena seeks $26.5M state rebate amid review
Urbandale–Des Moines border, Iowa, September 19, 2025 News Summary A revised plan to build a smaller, multiuse arena at the 66-year-old Merle Hay Mall is advancing as backers seek to retain a $26.5 million state sales and hotel‑motel tax rebate. The project, trimmed to about $41.69 million from roughly $60 million, faces fresh state review and […]
Tech Titans Awards in Frisco Honor North Texas Technology Leaders
Frisco, Texas, September 19, 2025 News Summary The 25th annual Tech Titans Awards at the Hyatt Regency Frisco‑Dallas at Stonebriar celebrated innovation and leadership across the North Texas tech community. Winners spanned corporate and startup CEOs, university research groups, fast‑growing companies, and community contributors across more than a dozen categories. Highlights included the Corporate CEO, Startup […]
Studies identify drivers and barriers to BIM adoption in green building projects
China, September 19, 2025 News Summary Two new academic syntheses reveal what speeds and what blocks BIM adoption in green building projects. A TOE meta-analysis of 62 studies and 11,228 subjects finds compatibility, organizational culture and mimetic pressure as the strongest drivers, with perceived usefulness and ease of use acting as mediators. A separate ISM‑ANP study […]
Global Construction Equipment Engines Market Set for Growth
Global, September 18, 2025 News Summary The global market for construction equipment engines is projected to grow from $26.0 billion in 2024 to $32.2 billion by 2030. Key factors driving this growth include advancements in hybrid and electric engines, rising infrastructure investments, and digital integration in engine technologies. Major players like Caterpillar and JCB are leading […]