Waverly and Westmore Development Delayed in Downtown Pensacola
News Summary The Waverly and Westmore condominium and apartment development in downtown Pensacola is facing a six-month delay due to a sharp increase in construction costs and borrowing rates. Developer John Buzzell noted that construction loan interest rates have doubled and costs have surged by approximately 65%. Despite these challenges, the number of residential units […]
District 218 Unveils $79 Million Athletic Facility Upgrades
News Summary District 218 is set to invest $79 million in upgrades to athletic facilities at Eisenhower and Shepard High Schools. This initiative includes the construction of new field houses, theater expansions, and gym renovations aimed at enhancing student athletic experiences. The Eisenhower field house will feature a comprehensive range of athletic facilities, while enhancements […]
Apex Money Lending Group Expands Commercial Real Estate Loan Offerings in Colorado
News Summary Apex Money Lending Group LLC has launched its new commercial real estate loan offerings in Colorado, focusing on accessibility and quick approval processes. By emphasizing property value over strict credit qualifications, the company aims to provide diverse loan options such as asset-based loans, bridge loans, and fix-and-flip loans. With a minimum loan amount […]
Southold Town Planning Board Extends Enclaves Hotel Project
News Summary The Southold Town Planning Board has granted a six-month extension to The Enclaves hotel project amid community concerns over delays, stockpiled sand, and financing issues. Developers are facing challenges, including the withdrawal of a $25 million financing commitment and opposition from local residents regarding potential impacts on the neighborhood. The ambitious project includes […]
Sol Systems Secures $675 Million for Solar and Storage Expansion
News Summary Sol Systems has obtained a $675 million construction finance facility aimed at expanding its solar and storage projects in Illinois, Ohio, and Texas. This funding is intended to support construction loans, tax equity bridge loans, and letters of credit as the company plans an initial rollout of 500 megawatts of clean energy solutions […]
Apex Money Lending Group Expands Commercial Loan Services
News Summary Apex Money Lending Group LLC is enhancing its commercial real estate loan services in Colorado. With a focus on property value instead of traditional credit scores, they aim to provide accessible funding for investors and businesses. Loan amounts start at $100,000, and interest rates begin at 12%. Apex promotes a quick approval process, […]
Apex Money Lending Group Expands Offerings with New Loans
News Summary Apex Money Lending Group LLC is expanding its services by offering a variety of commercial real estate loans in Colorado. This move aims to assist businesses and investors by emphasizing property value over traditional credit qualifications, enhancing loan accessibility. The loans start at $100,000 with interest rates beginning at 12% and a swift […]
Fields West in Frisco Secures $425 Million Construction Loan
News Summary Frisco, Texas, is set for a major transformation with a $425 million construction loan for the Fields West mixed-use development. This financing, provided by major banks, marks a critical milestone in the project’s timeline. The City of Frisco has also issued municipal bonds to support this urban development, which will span 55 acres […]
U.S. Softwood Lumber Prices Hold Steady Amid Market Challenges
News Summary On July 4, 2025, softwood lumber prices in the U.S. remained at $422 per 1,000 board feet, reflecting ongoing market challenges. Despite a slight monthly decline of 3.7%, prices remain 15.3% higher than last year. The availability of lumber has fallen to its lowest level since 2019, impacting home construction costs. Factors such […]
Fortune International Group and Blue Road Secure $73.3 Million Loan for Nexo Residences
News Summary Fortune International Group and Blue Road have secured a $73.3 million construction loan for the Nexo Residences, a short-term rental condominium community in North Miami Beach. The project, featuring 254 units, is being financed by Bank Hapoalim International and is set to be completed in 2027. The residences will cater to both homeowners […]