Construction Advances on New Royal Farms Store in Montgomery Hills
News Summary Construction is progressing on the new Royal Farms store at 9475 Georgia Ave. in Montgomery Hills, despite appeals from local residents concerned about its impact. The Montgomery County Board of Appeals approved permits allowing construction to move forward. The site, once home to a gas station, will soon feature a full-service convenience store […]
Carson City Caps Residential Building Permits Amid Growth
News Summary The Carson City Board of Supervisors has approved a 3% growth cap on residential building permits to manage the rapid construction activity. With allocations set for the coming years, this resolution aims to promote sustainable development while addressing historical growth management concerns. Recent residential projects and commercial developments highlight the city’s ongoing expansion, […]
Rebuilding Efforts Surge in Pacific Palisades Post-Wildfires
News Summary In the aftermath of devastating wildfires, over 800 homeowners in Pacific Palisades are seeking rebuilding permits. With city officials working to expedite the permitting process, many have begun construction on their homes. However, challenges remain, including a backlog of applications and concerns over affordable housing as nearly half of the lost properties were […]
Integration of AI in Arbitration: Ethical Considerations
News Summary The use of artificial intelligence (AI) in arbitration processes within the construction industry is on the rise, yet it faces several ethical and practical challenges. While AI tools are currently limited to enhancing remote hearings and database navigation, experts caution against over-reliance. Past cases reveal potential inaccuracies in AI-generated legal documents, further complicating […]
Tragic Construction Site Incidents in Brooklyn
News Summary Recent construction site tragedies in Brooklyn have resulted in the deaths of two workers, raising serious concerns about safety practices. A 44-year-old worker was killed when a metal-framed wall fell from an unauthorized forklift during windy conditions. In a separate incident, another worker was struck by a speeding vehicle while directing traffic. The […]
Manhattan’s Boutique Condo Market Flourishes with New Luxury Developments
News Summary The luxury real estate market in Manhattan is experiencing significant growth with the emergence of new upscale condo developments, particularly in neighborhoods like Chelsea. A luxury condo building at 227 West 19th Street is under construction, offering exclusive residences aimed at discerning buyers. In addition, a transformation of a historic printing house into […]
Financing Secured for Mixed-Use Development in San Mateo
News Summary Institutional Property Advisors has secured $61 million in financing for the Arbello project in San Mateo, California. This mixed-use development will feature 120 rental apartments and about 29,000 square feet of office space. Planned amenities include a coworking space, wellness center, clubhouse, courtyard, and rooftop deck. The project reflects confidence in the San […]
Major Renewable Energy Project Financing Secured in California
News Summary Global law firm White & Case LLP has assisted Avantus in securing financing for the Aratina 1 solar and energy storage project in California’s Kern County. This project features a substantial capacity of 200 MWac solar power generation along with a 500 MWh battery energy storage system, with a total commitment exceeding US$500 […]
Funding Secured for New Development in San Mateo, California
News Summary IPA Capital Markets has secured $61 million in financing for Arbello, a new mixed-use development in San Mateo, California. This project will feature 120 residential rental units and 29,000 square feet of office space. With various amenities like a coworking space and wellness center, Arbello aims to address the growing demand for housing […]
BFC Partners Secures $250 Million Loan for Affordable Housing
News Summary BFC Partners, a leading developer in New York City, has obtained a $250 million construction loan to advance affordable housing development on Coney Island. The project at 1709 Surf Avenue will include 420 affordable units as part of a larger initiative, contributing to 1,242 affordable units total along Surf Avenue. This endeavor aims […]