Cove Miami Secures $170M Loan; 40‑Story Condo Advances in Edgewater

Rendering of 40‑story Cove Miami luxury condominium on Biscayne Bay with glass facades, terraces and infinity pool

Edgewater, Miami, September 3, 2025 News Summary New York‑based sponsors SB Development Group and Hazelton Capital Group secured a $170 million construction and land loan from Bravo Property Trust to finance Cove Miami, a planned 40‑story luxury condominium on Biscayne Bay in Edgewater. The tower will offer 134 residences with floor‑to‑ceiling windows and expansive terraces, with […]

Middle East construction market poised to nearly double as giga-projects drive demand

Panoramic skyline of a Middle East construction zone with cranes, modular units, stadium and airport under construction

Middle East, September 3, 2025 News Summary The Middle East construction market reached USD 386.09 billion and is forecast to grow toward roughly USD 713 billion, propelled by large state plans, giga-projects and rapid urbanisation. Saudi Arabia and the UAE account for the largest market shares, while event-driven deadlines and tourism targets intensify demand for airports, […]

Bank OZK Sticks to Low‑Leverage Construction Lending While Funding South Florida Deals

South Florida skyline with luxury towers under construction, cranes and waterfront views

South Florida, September 3, 2025 News Summary A regional lender maintained a conservative underwriting approach while financing several major South Florida developments. The bank led a $475 million senior construction tranche in a $600 million West Palm Beach condo package, provided a $181 million loan for a mixed‑use tower in Miami’s Edgewater, and extended a $65.3 […]

Major student housing projects advance as rental registry sparks cancellations

18-storey student housing construction site with cranes and scaffolding in Vancouver

Vancouver, British Columbia, September 2, 2025 News Summary A Vancouver student housing operator reported a transformative fiscal year and advanced two major construction projects, including an 18‑storey tower with government‑sponsored financing and a large education complex in Surrey. The firm secured substantial government-backed mortgages and reported near-zero vacancy across its portfolio. Meanwhile, a new provincial short‑term […]

Siding Manufacturer Stock Plunges as Housing Demand Slows

Suburban homes showing vinyl and stucco siding with a parked contractor pickup and stacked siding materials on the driveway

United States, September 1, 2025 News Summary Shares of a leading siding manufacturer plunged nearly 35% after the company reported weaker fiscal first-quarter results, with net profit down about 28% and sales falling roughly 9%. Management attributed the decline to softer U.S. housing demand and homeowners deferring large exterior projects amid higher interest rates. Major home […]

TriCo Bancshares posts Q2 beat, raises dividend and draws Moderate Buy consensus

Interior of a modern bank branch with a translucent upward stock chart overlay symbolizing earnings and dividend growth

Chico, California, September 1, 2025 News Summary TriCo Bancshares reported quarterly results that exceeded expectations, with GAAP EPS of $0.84 and revenue of $103.61 million. The company raised its quarterly cash dividend to $0.36 per share and attracted renewed analyst interest, producing an average recommendation of Moderate Buy and a $47.60 average 12‑month target. Management added […]

Core PCE Rise Spurs Shift Toward Construction; Norway Fund Divests Equipment and Banks

Construction site with cranes and overlay of financial inflation charts

United States, August 31, 2025 News Summary A stronger-than-expected Core PCE inflation reading pushed investors to reweight portfolios toward construction and engineering and away from sectors with limited pricing power like healthcare services. Construction firms can better pass through rising material and labor costs, and public infrastructure spending provides steady demand. The market rotation has been […]

Institutional Buyer Adds Large Stake in Washington Trust Bancorp

Regional bank headquarters with overlaid stock charts representing institutional investment

Westerly, Rhode Island, August 31, 2025 News Summary An institutional investor established a significant new position in Washington Trust Bancorp, purchasing 95,410 shares valued at roughly $2.94 million and representing about 0.49% of the company. The move comes alongside other large managers increasing exposure—Vanguard, Invesco, Dimensional, Millennium and The Manufacturers Life all added shares—bringing institutional ownership […]

Milwaukee County advances Safety Building replacement with new design funds

Concept view of the Safety Building site with proposed courthouse massing, cranes and construction staging in downtown Milwaukee

Milwaukee County, Wisconsin, August 30, 2025 News Summary Milwaukee County moved forward on plans to replace its aging downtown Safety Building after a state budget action freed design funding. County leaders are using state expressway patrol dollars and local reallocations to assemble roughly $22.8 million for planning and will seek additional cash to keep design on […]

First Citizens provides $66.1M construction loan for 14‑story Woodside tower

14-story multifamily building under construction on a busy Queens boulevard with cranes and ground-floor retail

Woodside, Queens, New York, August 30, 2025 News Summary First Citizens Bank funded a $66.1 million construction loan to ZD Jasper Realty to build a 14‑story, 175‑unit multifamily building at 64‑11 Queens Boulevard in Woodside, Queens. The project includes roughly 11,000–11,318 sq ft of ground‑floor retail, below‑grade parking with about 29 tenant spaces, and resident amenities […]