US-based real estate private equity firm Stonelake Capital Partners has announced its plan to build a 50-storey residential and office tower on a 0.5-acre land acquired in Downtown Austin, Texas.
US-based construction firm McShane Construction Company has been selected by real estate developer Crescent Communities to provide construction services for NOVEL Val Vista, a new multi-family community in Gilbert, Arizona.
New York Governor Andrew Cuomo has announced that Plug Power, a hydrogen fuel cell systems provider, will be constructing a new $125m Innovation Center in New York, US.
US-based cold storage developer Tippmann Innovation (Ti) has announced the commencement of construction of a $65m cold storage facility in Hamilton, Ontario, Canada.
US-based builder of luxury homes Toll Brothers, through its Toll Brothers Campus Living rental division, and investment management firm Harrison Street have formed a joint venture to develop Canvas, a 263-unit, 826-bed luxury student housing community in Arizona.
Ryan Companies, along with LCS and Harrison Street, has announced closing of finance and commencement of construction of Clarendale Six Corners, a senior living community in Chicago, the US.
Wind energy producer EDP Renováveis (EDPR) has secured a total financing of €112m from European Investment Bank and BPI for the construction of two onshore wind farms in Portugal.Out of the €112m raised, €65m is being provided by EIB, with the remaining amount from BPI.The two wind farms, located in the districts of Coimbra and Guarda, in total will have a nominal capacity of 125MW.Banco BPI is co-financing these projects.The financing by EIB is being supported by European Fund for Strategic Investments (EFSI).EDPR will design, build and operate the two medium-scale wind farms - Tocha II and Sincelo.Once operational, Tocha II and Sincelo projects will have a capacity of 33MW and 92MW, respectively.The Tocha II wind farm will be built in the municipality of Cantanhede in Coimbra district, close to the Atlantic coast.Sincelo wind farm will be located along the municipalities of Pinhel and Guarda, in Guarda district.During construction phase, the projects are expected to provide temporary employment to 560 people.EIB Portugal operations vice president Ricardo Mourinho Félix said: “This flagship project strengthens our partnership with EDP Renováveis and reinforces the Bank's commitment to promoting climate action, economic development and cohesion. Supporting Portugal’s decarbonisation targets, while boosting growth and job creation, is one of the EIB’s main priorities. “If we want the post-Covid economic recovery to be green and inclusive, it is key to foster the supply of renewable energy and its broad based utilisation by productive sector and by our citizens.”The two wind farms are expected to help Portugal achieve its Energy and Climate Plan targets that expect at least 47% of total energy consumption to come from renewable sources by 2030.--------------------------------------------------------------------------------------------------------------------------------------The two onshore wind farms will be located in the districts of Coimbra and Guarda, Portugal. (Credit: EDPR)
Construction and development firm Skanska has been awarded a contract to lead construction for the new $187m Orlando Health Jewett Orthopedic Institute in downtown Orlando in the US. The new 371,000ft² combined inpatient and outpatient facility, which will be dedicated to the care of orthopaedic patients, will comprise a newly planned eight-storey building featuring 75 inpatient rooms and 10 operating rooms.
US-based real estate company Hines has broken ground on Busch Logistics Park, a new 97-acre industrial project in Bartow County, Georgia of the US.
Rhode Island, US-based casino operator Bally's has signed a framework agreement with Ira Lubert to jointly design, develop, construct and manage a Category 4 licensed casino in Pennsylvania.
The Institute for Advanced Learning and Research (IALR) has commenced construction on a new $25.5m Center for Manufacturing Advancement (CMA) at the campus.
US-based commercial real estate developer Trammell Crow Company (TCC) and Clarion Partners have acquired an 89.6-acre land parcel to construct an industrial park in metro Denver, US.
US-based developer Ryan Companies and Cadence Living have announced the expansion of the Acoya brand into Denver, Colorado, the US.
Real estate developer and manager Oxford Properties Group, alongside partner CT REIT, has submitted a rezoning application for Canada Square to redevelop the 9.2-acre midtown site with a 3 million ft2 mixed-use masterplan in Toronto, Canada.
The US-based real estate firm Trammell Crow Company’s (TCC) Phoenix Business Unit, along with its capital partner Clarion Partners, has broken ground of Cowden Logistics Center in Tolleson, Arizona.
US-based construction firm Toll Brothers, through its newly formed joint venture, has secured $160m construction financing for new multifamily development in Washington, DC.
US-based engineering services provider Jacobs has announced the start of construction on a new $186.6m Cyber and Engineering Academic Center (CEAC) at the United States Military Academy.
International infrastructure group Balfour Beatty has wrapped up construction on River Landing Shops and Residences, a $298m mixed-use development along the Miami River.
US-based Granite Construction has won a $101m contract for the construction of Segment 4C (Summerland) of the Highway 101 Santa Barbara to Carpinteria project in Southern California.
New York-based real asset investment and development firm GTIS Partners has broken ground of a single-family build-to-rent community at Cadence, a master-planned development project in the city of Mesa, Arizona.