Glen Carbon Weighs Bond Authority After State Denies $27M Loan for New Water Treatment Plant
Glen Carbon, August 18, 2025 News Summary Glen Carbon officials are preparing to issue bonds to fund a proposed new water treatment plant after a $27 million state loan application was denied. The Finance Committee approved an ordinance to allow the village to seek private financing authority while preserving a 30-day “back door” referendum that lets […]
Cabarrus County launches $2M Revolving Construction Loan Gap Fund for affordable and workforce housing
Cabarrus County, North Carolina, August 18, 2025 News Summary Cabarrus County has seeded a $2 million Revolving Construction Loan Gap Fund to provide short-term, low-interest (1%–3%) loans to nonprofits, government entities and mission-driven social ventures building permanently affordable and workforce housing. The fund is designed to close timing and capital gaps during construction, recycle repayments in […]
First National Bank Alaska Shares Climb Above 50‑Day Average, Reach 52‑Week High
Anchorage, Alaska, August 18, 2025 News Summary First National Bank Alaska shares moved above their fifty‑day moving average and hit a new 52‑week high after strong second‑quarter results and a recent cash dividend. The stock rose from earlier intraday highs to a peak while trading volumes remained low, highlighting potential volatility despite technical momentum. The bank […]
First National Bank Alaska Shares Jump at Open Amid Light Volume
Alaska, August 17, 2025 News Summary First National Bank Alaska shares opened sharply higher from $257.31 to $269.00 on extremely light reported volume of just 2 shares, suggesting an early or off‑exchange trade. The stock trades above its 50‑ and 200‑day moving averages, with a market cap near $880.89 million, P/E of 11.90 and beta of […]
Downtown Office Tower at 36 E. Seventh St. Secures $56.4M Loan for Conversion
Cincinnati, August 17, 2025 News Summary CIG Communities secured a $56.4 million construction loan to convert a 27-story former office tower at 36 E. Seventh St. into Avant, a 162-unit apartment community. Construction is already underway on the landmark downtown site as part of a regional push to repurpose idle office stock and address housing shortages. […]
Tishman Speyer Provides $25.2M Mezzanine Loan to Refinance 500 Forge
Watertown, MA, August 16, 2025 News Summary Tishman Speyer closed a $25.2 million mezzanine loan to refinance 500 Forge at Arsenal Yards, paired with a $94.0 million senior loan from LBBW. The financing, provided to a joint venture led by Boylston Properties with institutional investors advised by J.P. Morgan Asset Management, primarily retired a 2021 construction […]
Moss breaks ground on The Dunes Fort Lauderdale as hotel pipeline slows
Fort Lauderdale, Florida, August 16, 2025 News Summary Moss has started construction on The Dunes Fort Lauderdale, a 16-story, 205-room oceanfront hotel at 441 South Fort Lauderdale Beach Boulevard to be managed by Marriott’s Autograph Collection. The roughly 206,000-square-foot project, developed by G. Holdings (Granite) and costing more than $175 million, includes ocean-facing dining, a mezzanine […]
California suspends environmental reviews to speed utility rebuilding
California (Eaton and Palisades fire zones), August 16, 2025 News Summary The governor issued an executive order temporarily suspending state-level CEQA and California Coastal Act reviews for utility work restoring electric, gas, water, sewer and telecommunications infrastructure in the Eaton and Palisades fire zones. The move aims to shorten permitting and environmental review timelines to accelerate […]
Cathay General Bancorp confirms dividend and executes $35.6M buybacks
Los Angeles, California, USA, August 16, 2025 News Summary Cathay General Bancorp reaffirmed its quarterly cash dividend of $0.34 per share and repurchased $35.6 million of stock under a newly authorized $150 million buyback program. Q2 results showed net income rose to $77.5 million, supported by higher net interest income and a 3.27% net interest margin. […]
CBRE expands in Irvine with senior hires and new Workplace360 office
Irvine, Orange County, California, August 16, 2025 News Summary CBRE has bolstered its Orange County presence with the appointment of Mark Damiani to its National Retail Partners team and the relocation of more than 400 employees to a new 52,749 sq. ft. Workplace360 office in The Boardwalk, Irvine. The move highlights hybrid-work design with collaborative rooms, […]