In a significant development for New York City’s correctional infrastructure, Tutor Perini has announced detailed plans and provided a timeline for constructing a new jail in Manhattan. This project is crucial to the city's initiative to replace the Riker’s Island prison complex. Set to be man
February 24, 2025The recent announcement by JLL Capital Markets about securing $155 million in construction financing for a 386-unit multifamily development in Hoboken, New Jersey, marks a significant milestone for both the city and the project's stakeholders. This new development, named Charlie, is a 27-story
February 4, 2025San Diego's urban landscape is set to undergo a significant transformation with the introduction of Stella Apartments, a 149-unit multifamily development in the North Park neighborhood. This project, backed by a $46.5 million construction financing deal, promises to bring modern living spaces
January 24, 2025The construction industry is poised at a critical juncture as it heads into 2025. Contractors are bracing for a myriad of challenges, from fluctuating material costs to the pressures of inflation and interest rates. Understanding these factors is crucial for navigating the complexities of the
January 8, 2025Revitalizing small-town main streets and aging neighborhoods is a complex but rewarding process that requires a multifaceted approach. This article explores the efforts and strategies employed by brokers John Hitchcock and Patrick Yandura in transforming a small town and Mike Keen's
January 6, 2025As President-elect Donald Trump prepares to take office, the construction industry is bracing for a potentially significant upheaval due to the proposed tariffs on imported materials. Concerns are growing among commercial builders and their clients about the ramifications these tariffs could have
December 17, 2024