Flagger Killed in Queens Work Zone After Vehicle Strike
South Ozone Park, Queens, September 23, 2025 News Summary A construction flagger directing traffic in a marked safety zone on the Nassau Expressway was struck and killed when a vehicle entered the work area at high speed. First responders pronounced the worker dead at the scene; the driver initially fled but was located about a mile […]
Rowan secures $1.24B construction financing for Bauxite phase two at Quantum Frederick
Frederick, Maryland, September 22, 2025 News Summary Rowan Digital Infrastructure closed an additional USD 1.24 billion in construction financing to fund phase two of its Bauxite campus at TPG’s Quantum Frederick site in Frederick, Maryland. The deal was co‑structured by SMBC and MUFG, with SMBC, MUFG, Mizuho and TD Securities as coordinating lead arrangers and 14 […]
Visionary Developments closes $46.6M construction loan for 189-unit Echo Park workforce housing
Echo Park, Los Angeles, September 22, 2025 News Summary A Los Angeles developer closed a $46.6 million construction loan to build The Court Residences, a 189-unit workforce housing project in Echo Park targeted primarily at households earning up to 80% of AMI. The financing combines senior debt from a national bank community development division with mezzanine […]
Dixie Cup redevelopment to proceed amid tax break debate and fire probe
Wilson, September 22, 2025 News Summary A $185 million plan to convert the vacant Dixie Cup factory in Wilson into roughly 405 apartments and mixed-use space is moving forward amid debate over a proposed Tax Increment Financing (TIF) plan and an ongoing investigation into an early-morning roof fire. Officials weigh a TIF that would use future […]
Domus Brickell Center secures $220M including $180M C-PACE for 35-story condo tower
Brickell, Miami, September 22, 2025 News Summary A Miami developer secured $220 million in construction financing to build Domus Brickell Center, a 35-story, 579-unit condominium at 1034 SW 2nd Avenue in Brickell. The package pairs roughly $180 million in C-PACE financing with a $40 million mortgage, enabling energy-efficient and resilient features such as high-performance windows, superior […]
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 […]
$220M construction loan closes for 579‑unit Brickell tower
Brickell, Miami, September 21, 2025 News Summary A development partnership closed a $220 million construction financing package for a planned 35-story, 579-unit residential tower at 1034 SW 2nd Ave in Miami’s Brickell. The package pairs roughly $180 million in C‑PACE funds with about $40 million in conventional mortgage/construction financing to support energy efficiency and resiliency upgrades, […]
Quogue Business Park secures $47.8M loan for industrial and self-storage project
Quogue, New York, September 20, 2025 News Summary A 19-acre development at 8 Midhampton Ave., Quogue, has secured a $47.8 million construction loan to advance Quogue Business Park. The project includes two multi-tenant industrial buildings and a two-story, 82,200 sq ft self-storage facility. Industrial buildings offer flexible bays down to 5,000 sq ft with individual loading […]
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 […]