Construction to Begin on Block 75, Part of the Burnside Bridgehead Project

Construction is underway on a new mixed-use building in Portland, Oregon’s Burnside Bridgehead area. The building, known as Block 75, is going up at the corner of Northeast Davis Street and Martin Luther King Jr. Boulevard. The Block 75 building will include 75 residential units, expected to rent at market rates. There will also be […]

Construction to Begin on Block 75, Part of the Burnside Bridgehead Project Read More »

Waikiki’s Ritz-Carlton Tower Part of Construction in Hawaii

Construction in Hawaii continues to expand as a new hotel and condominium residential tower nears completion in early 2016. The Ritz-Carlson Residences are under construction on Waikiki Beach at 2121 Kuhio Avenue. The project consists of two towers combining condominiums, hotel rooms and retail businesses. It’s being developed by Pacrep LLC, an affiliate of prominent

Waikiki’s Ritz-Carlton Tower Part of Construction in Hawaii Read More »

U.S. Construction Industry Expected to Expand in 2015

Recent data on construction employment suggests that improvements will continue and that the U.S. construction industry will expand even further in 2015. Increases in construction employment were identified in more than 250 metropolitan areas around the country between December 2013 and December 2014, according to data from the Associated General Contractors of America (AGC). The

U.S. Construction Industry Expected to Expand in 2015 Read More »

Fannie Mae Offering Multifamily Green Buildings Lower Interest Rates

Mortgage lender Fannie Mae is offering lowered interest rates on loans to builders and cooperatives who are developing energy-efficient apartments and multifamily dwellings. Multifamily structures that have been certified with green credentials such as LEED will receive a lower interest rate on refinance, supplemental or acquisition loans through Fannie Mae’s Multifamily Green Initiative. The announcement

Fannie Mae Offering Multifamily Green Buildings Lower Interest Rates Read More »

Florida Construction May See a Positive Upswing Due to Renewed Relations with Cuba

The recent easing of tensions between the United States and Cuba suggests that a related economic boom may likely be close behind. Relations between the two countries are the friendliest they’ve been in some 50 years, and some experts believe that associated increases in tourism and trade between the U.S. and Cuba will mean increased

Florida Construction May See a Positive Upswing Due to Renewed Relations with Cuba Read More »