Tag: construction finance

January 29, 2021

Under PPP, loan recipients can apply for forgiveness if they use at least 60% of the proceeds for wages and the remaining funds for other eligible expenses, including rent or mortgage, utilities, among other operating costs. Given the short time […]

November 4, 2020

The headline numbers on U.S. put-in-place (PIP) construction spending, from the Census Bureau, continue to be somewhat reassuring—or, at least, not too alarming. In September, the total dollar volume of $1.414 trillion (seasonally adjusted and annualized) was +0.3% month to […]

November 3, 2020

Construction Dive reached out to representatives of Webcor and Swinerton for comments but received no response before press time. When finished, Oceanwide Center will feature 265 residences, about 1 million square feet of office space, a 169-key Waldorf-Astoria hotel and […]

October 28, 2020

It is no news that the global economy has been a bit shaky for years now, then the pandemic struck and everything went spiraling downward. Statistics show that unemployment was at 14.7% in April 2020, the highest rate in America […]

September 28, 2020

Listed below are ConstructConnect’s Hot Commercial Construction Projects for the week of September 21 – 25, 2020. Our Hot Projects showcases three currently bidding or sub-bidding projects from all 50 states and the District of Columbia pulled from our extensive […]

September 28, 2020

Arizona infrastructure has received a grade of C from the Arizona Section of the American Society of Civil Engineers in its “2020 Report Card for Arizona’s Infrastructure,” released Sept. 16 in Phoenix. ASCE says the state’s infrastructure is in “mediocre […]

August 24, 2020

Even in a coronavirus-challenged environment, there’s money available to build new projects; what’s rare is finding an owner who is willing to break ground. That’s the takeaway of several observers who have noted a dearth of new construction projects coming […]

May 27, 2020

One of the primary reasons experts cite for why construction lags in tech adoption is a lack of robust data collection and analysis. Especially with pandemic-related shutdowns and business uncertainty, contractors need to make informed, data-based decisions. During a recent […]

April 27, 2020

There are currently two crises underway simultaneously. The advance of the novel coronavirus is taking a terrible toll in terms of physical and emotional well-being. At the same time, job losses resulting from ‘social distancing’ are sending the economy into […]

August 21, 2019

President Donald Trump says he doesn’t see a recession on the horizon, noting that consumer confidence is high while unemployment is low. “We’re doing tremendously well,” Trump told reporters on Sunday. “Our consumers are rich. I gave a tremendous tax […]

April 11, 2017

Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America. […]

March 31, 2017

A Barclays representative told Bloomberg that “the story for the year” will be “rebuilding infrastructure.” Included in this year’s major bond issues is the new $4 billion LaGuardia Airport terminal, a 1.3 million-square-foot, 35-gate facility that public-private partnership head Skanska […]

March 23, 2017

Finance providers can now use specialised software to operate in the construction sector, which was traditionally a ‘no-go zone’ for commercial lenders, due to its risks and complexities. This breakthrough comes as the result of recent developments carried out by […]

December 12, 2016

The residents who live along Genesee Avenue, across from La Jolla Country Day School, haven’t been getting much sleep lately, and when they do wake up they’re dismayed to find their cars covered in dust. Preliminary work for the Mid-Coast […]

December 9, 2016

The SolarCity plant is part of Gov. Andrew Cuomo’s Buffalo Billion initiative, which has directed significant investment into the Buffalo-area economy and is projected to create 1,500 local jobs and 5,000 state jobs over the next 10 years. The program […]

December 8, 2016

The $2.5 billion redevelopment of the Century Plaza Hotel secured its construction financing. The roughly $1 billion in dough came from a consortium led by a $446 million senior loan from J.P. Morgan Chase, $120 million in mezzanine financing from […]

November 28, 2016

Washington, D.C.’s NoMa (North of Massachusetts Avenue) neighborhood is the most active in the city for construction activity as developers turn the formerly light industrial area on the city’s northeast side into a hive of mid-rise office towers, apartments and […]

October 4, 2016

This case is just the latest round of high-profile construction defects cases brought against homebuilders operating in Florida. In February, KB Homes, the sixth-largest homebuilder in the U.S. paid $23.5 million to the Florida attorney general’s office to settle claims […]

October 3, 2016

The CTA, however, is not the only transportation authority facing significant challenges when it comes to rail projects. The scramble for enough money to achieve even a small percentage of the necessary repairs and upgrades needed to fix crumbling roads […]

September 2, 2016

Construction spending in July was virtually even with the June level but rose 1.5% from the year-earlier total, as private-sector work increased and public-sector volume declined, the Commerce Dept. has reported. Commerce’s U.S. Census Bureau said on Sept. 1 that […]