Ascendia Bank rebrands, adds senior hires and opens Oradell branch
Oradell, New Jersey, September 12, 2025 News Summary Ascendia Bank, formerly Glen Rock Savings Bank, completed a formal rebrand and announced senior leadership additions to strengthen commercial lending and cybersecurity. The bank appointed a new CEO earlier in the year and added veteran leaders to lead commercial lending and information security. Ascendia opened a new 3,300-square-foot […]
Tribeca condo project gets $320M loan as stalled towers and luxury resale linger
, September 11, 2025 News Summary A developer secured a $320 million construction loan to build a roughly 280,000-square-foot condominium across multiple adjacent lots in Tribeca, clearing a major funding hurdle and enabling permitting and vertical work to proceed. Nearby, the 43-story tower at 45 Park Place remains stalled and visibly unfinished amid litigation and defaulted […]
South Tyrol approves funding and plans for Bolzano–Jenesien cable car
Bolzano, South Tyrol, Italy, September 11, 2025 News Summary South Tyrol’s provincial government has approved updated technical plans and funding for a new Bolzano–Jenesien cable car, moving the project into implementation. The €39.7 million scheme — €31.5 million for construction and €8.2 million for administrative costs — will be largely financed by national recovery funds, with […]
OEM incentives drive buyers from used construction equipment to new machines
United States, September 11, 2025 News Summary Used construction equipment is steadily disappearing from dealer lots as original equipment manufacturers ramp up promotional financing, extended warranties and technology packages that make new machines more attractive. A dealer survey across 150 locations found 80% met used inventory targets in Q2 and 90% reported steady or improving demand, […]
Ascendia Bank adds leaders for commercial lending and information security
Hawthorne, NJ, September 11, 2025 News Summary Ascendia Bank has appointed two senior executives to strengthen commercial lending and information security. Jonathan Jacobs will lead commercial lending, overseeing underwriting, construction loans, loan approvals and a team of lenders and analysts, drawing on more than 20 years of industry experience. Paul Skinner joins as senior vice president […]
Princeton council to consider $6.3M loan for Mini‑System 36 sewer rehabilitation
, September 8, 2025 News Summary Princeton’s council will consider borrowing $6.3 million from the New Jersey Infrastructure Bank to fund the Mini‑System 36 sewer rehabilitation covering neighborhoods bounded by John, Ewing, Mount Lucas and Quarry streets. The work uses trenchless methods, non‑toxic grout injections, selective lining and replacements to cut groundwater and rainwater infiltration, lower […]
The Averly Richmond Hill breaks ground on $60M mixed-use project
Richmond Hill, Georgia, September 8, 2025 News Summary ECI Group has broken ground on The Averly Richmond Hill, a $60 million mixed-use development along Ford Avenue in Richmond Hill, Georgia. The project will deliver 291 residential units — 243 apartments and 48 three-story townhomes with two-car garages — plus more than 3.5 acres of retail pad […]
Czech industrial output accelerates as manufacturing and construction lift economy
Czech Republic, September 8, 2025 News Summary Industrial production in the Czech Republic strengthened, driven by broad gains in motor vehicles, machinery, chemicals, pharmaceuticals and fabricated metals. New orders rose notably, with domestic demand especially strong, while construction output and the value of building permits jumped, signaling further activity ahead. Exports outpaced imports, narrowing the goods […]
Pasadena Council to vote on Ramona Senior Housing lease and $5M state funding
Pasadena, California, September 8, 2025 News Summary The Pasadena City Council will consider an amended development and 99‑year lease for Ramona Senior Housing, a proposed five‑story, 100‑unit affordable building at 280 Ramona St. The $83.1 million project would provide 99 units for low‑income seniors and one manager unit. The Council is asked to recognize $5 million […]
Construction Begins on The Chester at Westlake in Daly City
Daly City, California, September 7, 2025 News Summary Work is underway on The Chester at Westlake, a seven-story mixed-use apartment building at 99 Southgate Avenue in Daly City. The project will deliver 214 apartments above a two-story concrete podium garage on a 1.93-acre site, plus roughly 10,000 sq ft of ground-floor retail. The building will feature […]