Terramac Expands Dealer Network in North America
News Summary Terramac has announced the expansion of its dealer network in North America by adding four new authorized dealerships. This strategic initiative aims to improve customer support and access to Terramac products across key industries, including construction and environmental services. The new dealers – Anderson Equipment Company, Columbus Equipment Company, Roland Machinery Co., and […]
AeroFarms Expands Operations with New Funding in Danville, Virginia
News Summary AeroFarms, a leader in the indoor vertical farming industry, has secured funding to support the development of a second farm in Danville, Virginia. This financial boost will aid in debt refinancing and enhance pre-construction activities. The company’s innovative practices, combining advanced technologies with sustainable practices, showcase their commitment to revolutionizing food production and […]
Developer Breaks Ground on Mixed-Use Tower in Fulton Market
News Summary Vista Property and Skender Construction have commenced construction on a 32-story mixed-use tower at 370 N. Morgan St. in Chicago’s Fulton Market district. The project will feature 494 apartments, including 99 affordable housing units, and will include retail spaces aimed to support local businesses. With a total area of 539,000 square feet and […]
White Oak Real Estate Capital Funds Major Build-to-Rent Project in Tuxedo, NY
News Summary White Oak Real Estate Capital has announced a $46.2 million loan for a new build-to-rent housing project in Tuxedo, NY. This initiative is part of Phase I of The Village at Tuxedo Reserve, which will add 93 rental units to the 1,200-acre community. As demand for multifamily housing grows, this project aims to […]
Northeast Community Bancorp Reports Strong Q2 Earnings
News Summary Northeast Community Bancorp has revealed its financial performance for the second quarter, showing strong earnings per share despite a decline in revenue. The diluted EPS of $0.82 surpassed analyst expectations, although revenue dropped to $25.93 million. The bank’s net income also decreased, down 13% from the previous year. Key insights include rising operational […]
GrantWatch Offers 1,800+ Funding Opportunities for Nonprofits
News Summary GrantWatch has over 1,800 funding listings available for nonprofits and small businesses, aiding projects in construction, community support, and disaster preparedness. Grants range from $2,000 to $60,000, supporting diverse initiatives, including those for veterans, youth, and underserved communities. The platform also assists small businesses with grants up to $10,000. Organizations focused on enhancing […]
Cocoa City Council Approves $95 Million Luxury Apartment Complex
News Summary The Cocoa City Council has approved a $95 million luxury apartment complex in Cocoa Village. The seven-story building will feature up to 241 upscale units and extensive amenities. It aims to bolster local business and economy by attracting new residents. The project may face some challenges, including rising construction costs and labor shortages, […]
Morgan Stanley Invests A$500 Million in Australian CRE Loans
News Summary Morgan Stanley has invested A$500 million in the Australian commercial real estate (CRE) sector through the Pallas Funding Trust No 5, aimed at supporting small and medium-sized enterprises (SMEs). This fund provides tailored loans like pre-development and investment property loans, enhancing borrower options in the market. The move reflects a strategic commitment to […]
Cape Coral Residents Face Construction Delays and Thunderstorm Risks
News Summary Residents of Cape Coral are grappling with construction delays caused by funding issues and severe thunderstorms, which pose safety hazards. The ongoing construction of the Embers Lakes Apartments project has halted, affecting the community’s aesthetic and property values. Amid these concerns, local events are scheduled to engage residents and address these challenges while […]
Equipment Lenders Target Manufacturing and Construction Growth
News Summary Equipment lenders are increasingly focusing on the manufacturing and construction sectors, driven by favorable tax incentives, advancements in material handling, and a reshoring movement. With projections indicating a significant expansion in the material handling leasing market, lenders are leveraging strong partnerships and technology to meet rising demand. The construction sector, backed by growing […]