Service Properties Trust Prices $1.2 Billion in Senior Unsecured Notes
Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has priced underwritten public offerings of $700.0 million of 8.375% Senior Guaranteed Unsecured Notes due 2029 and $500.0 million of 8.875% Senior Guaranteed Unsecured Notes due 2032. Both series…
CIM Group Sells The Argonne, a 276-Unit Apartment Building in Washington D.C.’s Adams Morgan Neighborhood
CIM Group announced today the sale of The Argonne, a 276-unit, eight-story apartment building that was acquired in 2013. Built in 1923, the Argonne is a handsome brick building offering historic charm with residences designed in studio to three-bedroom floorplans.…
Turner Advances Efforts to Lower Carbon Footprint in Operations
Underscoring Turner’s proactive approach towards sustainability, Turner adds electric vehicles to fleet and pilots use of electric equipment. Turner Construction Company is actively testing new to-market equipment and innovative processes to drive transformational change in construction operations and achieve commitments…
Multi-Million Pound Upgrade Project Commences at Eaglescliffe Railway Station
Network Rail, Tees Valley Combined Authority, and Stockton-on-Tees Borough Council have started work to transform Eaglescliffe railway station and make it more accessible for passengers for years to come. A multi-million-pound project will see accessibility at the station vastly improved…
CIMIC’S Leighton Asia wins waterworks project in Singapore
CIMIC Group company Leighton Asia has been awarded a contract for the reconstruction of Choa Chu Kang Waterworks by PUB, Singapore’s National Water Agency. The contract will generate revenue of approximately A$160 million (S$144 million) for Leighton Asia. Choa Chu…
Fluor-led Joint Venture Breaks Ground on Phase 1 of I-35 NEX South Project in San Antonio
Fluor Corporation (NYSE: FLR) announced today that its joint venture with Austin Bridge & Road – Lone Star Constructors, NEX – has broken ground on Phase 1 of the Interstate 35 (I-35) Northeast Expansion (NEX) South project in San Antonio, Texas,…
Lennar Unveils Magnolia Townhome Community in Pembroke Park
Lennar, one of the nation’s leading homebuilders, announces the debut of Magnolia at Pembroke Park, a new boutique community comprised of 48 townhomes in the ideal location of Pembroke Park. Magnolia at Pembroke Park offers beautiful contemporary style elevations, a spacious…
Keppel announces new leadership appointments to drive Vision 2030 growth plans
Keppel Ltd. (Keppel) announced today leadership changes as part of continuing efforts to grow its asset management business, streamline its organisational structure and harness greater synergies in its Connectivity Division. Mr Thomas Pang, 59, will be appointed Senior Managing Director…
Lennar’s Palm Atlantic Division Triumphs at Treasure Coast Builders Association’s Parade of Homes Awards Night
The Treasure Coast Builders Association’s (TCBA) 30th annual Parade of Homes recently held a celebration of excellence at the Mid Florida Credit Union Event Center in Port St. Lucie, FL. Lennar, one of the nation’s leading homebuilders, emerged as a standout at…
Eiffage Énergie Systèmes and Entech Launch Energy Storage Joint Venture
A unique alliance that combines Entech’s expertise in storage and network management with Eiffage Énergie Systèmes’ know-how in electrical, industrial and energy engineering.A joint venture aimed at the construction and operation-maintenance of battery electricity storage units connected to the high…
Balfour Beatty Achieves Early Reopening of M25 for Second Consecutive Time
Balfour Beatty, the UK’s largest infrastructure company, in partnership with National Highways, reopened the M25 over seven hours ahead of schedule, following the second full weekend closure. The M25 between Junction 9 and 10, was closed at 9pm on Friday 10…
Clay Haden named new Business Unit President for Skanska USA Building
Skanska has promoted Clay Haden to Business Unit President for Skanska USA Building, effective June 1, 2024. Haden succeeds Paul Hewins who has announced his decision to retire. As BUP, Clay Haden will be responsible for the overall performance of…