Mayor Cherelle Parker’s much anticipated housing plan is finally coming into focus.
Philadelphia’s top executive revealed new details about what she called “the largest single investment in housing in Philadelphia history” Wednesday — a $2B package that includes a boost in the city’s real estate transfer tax and a simultaneous cut in its construction levy.
The billionaire chairman of Chinese conglomerate Alibaba Group Holding Ltd. says a bubble is forming in the data center sector.
L&G has formed a new partnership with Japan’s Nomura Real Estate Development to deliver more than 1,000 rental homes following the acquisition of their first site in Herne Hill, Lambeth.
The initial development will deliver more than 200 residential homes, with 35% designated as affordable housing. The development will also feature a range of amenities, including landscaped communal gardens, coworking spaces and a gym.
The partnership will initially target sites in central London, focusing on brownfield and underutilised land to “help regenerate communities and maximise the delivery of sustainable, high-quality homes,” the partners said at the announcement.
Over the next five years, the partnership aims to…
Newfound power demand created by the artificial intelligence boom has led to a mammoth investment in energy infrastructure across the U.S.
Schneider Electric announced Tuesday that it plans to spend $700M in the sector through 2027. The money will be used for “smart factory transformations” at eight facilities across North Carolina, Texas, Massachusetts, Tennessee, Ohio and Missouri.
With demand for new homes at a fever pitch across Texas, developers of master-planned communities can spend tens of millions of dollars to lay out roads, water and sewer lines, treatment plants and the like.
Now, a new tool is helping to accelerate the repayment of funds shelled out for infrastructure improvements. And with almost $700K in financing under its belt, Launch Development Finance Advisors’ forward-funding bond program is already spawning other Lone Star State imitators.
The new head of the Federal Housing Finance Agency continued his path of sweeping change by reversing the Biden administration’s renter rights program.
Beverly Hills is synonymous with high-end shopping, glamorous mansions, boutique hotels and general luxury. High-density housing isn’t something anyone would associate with the city. And yet, a 19-story project could soon rise on its famed shopping street, Rodeo Drive.
Downtown Fort Lauderdale has seen a development boom, thanks to droves of young professionals and families who have come to the area in search of more affordable options than Miami and its surrounding areas. The region is bringing in nearly $36B in annual revenue, contributing to 9% of South Florida’s total economic output.
One of the latest developments in the area is the RIVR Lofts, a 29-story luxury high-rise apartment building above the New River, located in the heart of the Tarpon River Entertainment and Design District in downtown Fort Lauderdale.
South Florida real estate development and investment firm Moderno Development Group, which…
A bill aimed at reforming the state’s construction defects laws to make way for more condos and a less expensive housing market cleared the House Transportation, Housing and Local Government Committee in a 12-1 vote on March 18.
One of the most prominent biotech companies is consolidating Cambridge operations with a full-building lease at a new Kendall Square development.