Housing Crisis in Canada and the U.S. Deepens Due to Outdated Systems
News Summary The housing crisis in Canada and the U.S. is worsening as outdated systems exacerbate challenges faced by developers amidst rising costs. Despite a decline in prices, potential homebuyers remain hesitant due to economic instability and high tariffs impacting construction. Canada requires a significant increase in housing production, while the U.S. faces a critical […]
KeyBank Funds Affordable Housing Development in Cleveland
News Summary KeyBank Community Development Lending and Investment has provided a $33.7 million financing package for the Churchill Gateway II affordable housing project in Cleveland. This initiative includes a $12 million construction loan, $16.1 million in Low Income Housing Tax Credit equity, and aims to create a 70-unit family housing complex. Located at 10526 Churchill […]
W Land Development Secures $58M Financing for Preservation Creek
News Summary W Land Development has successfully secured $58 million in financing to launch Phase 1 of the Preservation Creek project in Alvin, Texas. This development aims to build a total of 5,700 homes, with initial plans for 367 acres and over 700 single-family lots. The project will also include community amenities and commercial spaces, […]
GCP Paper Secures Financing for Manufacturing Facility
News Summary GCP Paper, a private label paper product company, has secured financing for a manufacturing facility in New Caney, Texas, which will span 565,765 square feet. The project, financed by CBRE Capital Markets, is set to enhance local economic growth and job opportunities, with construction expected to commence soon and complete in the upcoming […]
Major Investment Secured for Skyscraper Development in Long Island City
News Summary A $625 million investment has been secured for a new 55-story skyscraper development in Long Island City at the intersection of Jackson Avenue and 23rd Street. The project, backed by Incoco Capital, Tavros, and Charney Companies, will bring 636 new condominium units to the area and is set to break ground in June […]
Oak Row Equities Secures $210.5 Million Financing for Luxury Tower in Miami
News Summary Oak Row Equities has announced a $210.5 million financing deal for the construction of 2900 Terrace, a luxury multi-family tower in Miami’s Edgewater neighborhood. The project will feature 324 residential units with modern amenities, including a fitness center and co-working spaces. With strategic access to cultural hotspots and major transport links, 2900 Terrace […]
Oak Row Equities Secures $210.5 Million Financing for Miami Tower
News Summary Oak Row Equities has secured $210.5 million in financing for the 2900 Terrace multifamily tower in Miami’s Edgewater neighborhood. The funding includes a senior and mezzanine loan, allowing construction to start immediately. The development aims to provide 324 oversized rental units to meet the demand for two- and three-bedroom residences in the area, […]
TikTok Influencer Arrested on Forgery Charges in South Carolina
News Summary Ramon Paez, a TikTok influencer, has been arrested in Oconee County, South Carolina, on multiple forgery charges. The allegations relate to fraudulent construction loan dealings, raising serious concerns about financial trust and practices within the industry. Following complications from a loan agreement, a victim discovered several unauthorized loans in her name. Paez turned […]
Evolving Green Building Certifications Prioritize Operational Emissions
News Summary Green building certifications are evolving to emphasize stricter criteria focusing on operational emissions and long-term sustainability. With updates to LEED and BREEAM, both systems are driving change in how buildings manage carbon emissions, promoting corporate net-zero commitments, and enhancing property value through sustainable practices. This shift highlights a broader commitment to sustainability in […]
Moorhead Prepares for Major Road Construction and Urban Revitalization
News Summary Moorhead is set for significant road construction and urban development. Upcoming projects include the 11th Street Underpass and enhancements to I-94 and the Red River Bridge. Residents are advised to prepare for traffic disruptions while the old Moorhead Center Mall will be demolished for new developments. Public safety and emergency response improvements are […]