Westwood Financial Launches The Italiano at Mercado del Rancho
Westwood Financial, a Los Angeles-based retail real estate investment firm with over 50 years of experience, has announced the grand opening of The Italiano at Mercado del Rancho, an 89,506-square-foot shopping center anchored by Sprouts in Scottsdale, Arizona. Westwood Financial…
Balfour Beatty Expands to Become UK’s Largest Provider of Bespoke Overhead Line Equipment
Balfour Beatty has committed over £5 million to enhance its Power Transmission & Distribution business by investing in new overhead line strategic assets. This investment solidifies the company’s status as the UK’s largest provider of overhead line equipment. In the…
Bowman Acquires Exeltech to Enhance Bridge Design and Transportation Engineering
Bowman Consulting Group Ltd. (NASDAQ: BWMN) has announced a definitive agreement to acquire Exeltech Consulting, Inc., a firm based in Lacey, Washington. Exeltech specializes in bridge design, transportation planning, environmental compliance, civil engineering, landscape architecture, permitting, and construction management, serving…
Westlake Royal Expands Newpoint™ Concrete Roof Tile Production in Florida
Westlake Royal Building Products™ (Westlake Royal), a subsidiary of Westlake Corporation (NYSE: WLK), has launched a strategic initiative to boost production and operations for its Newpoint™ Concrete Roof Tile in Florida. This durable roofing product, known for its strength and…
JUUNOO Secures $6.6M to Propel Next Phase in Sustainable Building Transition
JUUNOO, a trailblazer in sustainable building design, has secured $6.6M in funding from existing investors to fuel the next phase of its ambitious growth strategy. This stage involves expanding JUUNOO’s sustainable solutions into new sectors, including education, healthcare, and hospitality,…
Redfin Reports Real Estate Agent Commissions Unchanged After New Industry Rules
Commissions for buyer’s agents have stayed relatively stable since new industry rules were introduced on August 17, as revealed by Redfin’s latest analysis. In October, the average commission was 2.34%, down only slightly from 2.35% in August, when the rules…
Cornerstone Building Brands & Lady A Partner to Rebuild Hurricane-Damaged Homes
Cornerstone Building Brands, a leading North American manufacturer of exterior building products, has joined forces with LadyAID, the charitable initiative founded by GRAMMY® Award-winning trio Lady A, to donate $50,000 in exterior building products to Habitat for Humanity. This contribution…
Homebuilders Set to Expand in Hutto
Trophy Signature Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), and Meritage Homes (NYSE: MTH) have announced the launch of Prairie Winds, a new residential community in Hutto, Texas, located at CR 1660 and Limmer Loop. Set to…
Homebuyers Lose $33,000 in Purchasing Power in 6 Weeks as Mortgage Rates Reach 7%
(NASDAQ: RDFN) — Rising mortgage rates have significantly impacted homebuyers’ purchasing power, with a buyer on a $3,000 monthly budget losing $33,250 over the past six weeks. As the 30-year fixed mortgage rate reached 7% on October 28, Redfin (redfin.com),…
Blyncsy Releases U.S. Highway Map of Roadway Assets for Safer, Smarter Infrastructure
At the 2024 AASHTO Annual Meeting & Expo, Blyncsy, a subsidiary of Bentley Systems Inc. (Nasdaq: BSY), announced the release of a detailed public map of interstate highways across the continental United States. This map highlights essential roadway assets such…
Young Homeowners More Likely Than Renters to Feel Financially Better Off Than Four Years Ago
A recent Redfin (NASDAQ: RDFN) survey reveals that 68.7% of millennial and Gen Z homeowners feel financially better off than they were four years ago, compared to only 52.2% of young renters. This gap highlights growing economic inequality between young…
BMIT® Celebrates Three Years of Strong Returns and Portfolio Growth
Bonaventure Multifamily Income Trust (BMIT®), a private real estate investment fund focused on high growth and risk-adjusted returns through megatrends like population migration and housing shortages, marks its third anniversary since launching on September 21, 2021. In three years, BMIT®…