In less than eight weeks, Covid-19 has re-ordered virtually every industry in the world.But few more rapidly than real estate and development. Now that hundreds of millions of people have gotten a new taste of how important “home” actually is—as a safe haven, a de facto schoolhouse, an impromptu remote office, and a forced, familial psychological petri dish—the spaces we …
WEST PALM BEACH — City commissioners gave back-to-back approvals Monday to a land lease for a major office tower downtown and to terms for a major mixed-use project for Northwood Village. The commissioners and mayor, acting as the West Palm Beach Community Redevelopment Agency, unanimously consented to lease the tent site, at Okeechobee Boulevard and South Dixie Highway, to developer …
MIAMI — Eyzenberg & Co. has arranged a $21.3 million construction loan for the Towers at Blue Lagoon, a planned mixed-use development featuring a multifamily community and hotel space. The borrower and developer, the Weiss Group of Cos., will build Phase I of the project to include 428 multifamily units across two buildings. The property will offer studio to three-bedroom …
The coronavirus pandemic has disrupted at least $3.9B in U.S. construction loans, as cities and states continue to implement a patchwork of social distancing policies and stay-at-home orders.Built Technologies Director of CRE Strategy Jim Fraser told Bisnow that about $3.9B, or 22%, of U.S. construction loans managed via the company’s loan management platform are based in a location with some …
Steve Klein’s subdivisions are quiet with people hunkered inside the custom homes as they ride out the new coronavirus pandemic to help decrease the rate of infection. But at one corner the Terravista subdivision, located near Schorlemmer Elementary, remains busy with construction workers. About 20 homes in Terravista are under construction, Klein said.Although the March 31 executive order issued by …
By one key metric — overall revenue growth — the region’s construction sector continues to blow past any signs of a slowdown. To wit: For the second straight year, the cumulative revenue growth of the region’s 50 largest contractors increased at least 15%.In 2019, the top 50 posted a total of $6.45 billion in revenue, up 15.1% over $5.6 billion …
Multiple other developers declined to comment. But construction sites were visibly active throughout the region Wednesday, despite a call Tuesday to stop all construction by Sergio Pino, president of the Gables-based Century Homebuilders, to avoid the spread of COVID-19. Pino halted work at the firm’s $100 million 850 Le Jeune Road mixed-use project on March 26 after two of the …
The Zacks Building Products – Home Builders industry comprises manufacturers of residential and commercial buildings. Some of the industry players are involved in providing financial services that include selling mortgages and collecting fees for title insurance agency and closing services.Notable companies in the industry include Lennar Corporation (LEN), NVR, Inc. (NVR), D.R. Horton, Inc. (DHI), PulteGroup, Inc. (PHM) and Toll …
Brass Cap Development, an industrial investment company operating in the Western U.S., is looking to capitalize on the valley’s up and coming Stadium District, centralized around the Allegiant Stadium, with a brand-new project.The new project, called Brass Diablo, is a roughly 22,000-square-foot industrial space at the southwest corner of Diablo Drive and Edmond Street able to accommodate up to two …
The San Francisco construction contractor with the slate of multi-million-dollar remodeling jobs is maneuvering through the oddest weeks of his career. In early March when the first COVID-19 cases hit California, he said he’d pay workers to stay home if they showed flu symptoms. When six Bay Area counties issued stay-at-home orders on March 16 he told workers to lock …