MARKET MOVES
Building services specialist T Clarke rides out lockdown and eyes £2m half-year profit
Building services specialist T Clarke is forecasting a £2m profit in the first half of this year despite site closures in the coronavirus outbreak.
The firm this morning said that it had enjoyed strong trading in the first three months...
MARKET MOVES
North American construction output expected to fall $122bn in 2020
Construction output in North American may decrease by as much as $122bn in 2020 as a result of the economic shock of Covid-19. 0.6% increase in construction output was predicted across North America before the pandemic, but this is...
MARKET MOVES
Emergency loan fund set up for Scotland’s SME housebuilders
The Scottish government has announced that housebuilders will be able to apply for short-term loans of up to £1m to support them through the coronavirus outbreak.
Scottish small and medium-sized enterprises (SMEs) with liquidity issues due to the temporary closure...
MARKET MOVES
Caterpillar Reports Progress on Enterprise Strategy, Sustainability
Caterpillar Inc. is illustrating how it’s helping customers build a better world in its recently published 2019 Annual Report and Sustainability Report.
“These reports demonstrate the execution of our enterprise strategy to deliver innovative products and services to make our...
MARKET MOVES
Construction materials manufacturer Continental takes heat over $5.5M PPP loan
Amid a national controversy over whether large publicly held companies should be able to take advantage of low-interest federal loans as part of a massive COVID-19 small business relief program, Chicago-based construction industry manufacturer Continental Materials Corp. announced earlier...
MARKET MOVES
Green Pace Financial, Inc. announces the closing of $44.5 Million in C-PACE approved construction financing for a 126 Unit Mixed-Use project
Green Pace Financial, Inc. and its affiliate Hoover Financial, Inc. announced that they have closed on $44.5 Million in PACE approved construction financing for Live, Work, Create Equity, LLC to construct a new 126 Luxury Multifamily development in Koreatown.
The...
MARKET MOVES
Azizi Developments achieves 85% construction progress at Aura
Azizi Developments, a leading private developer in the UAE, has accelerated work on Aura in Jebel Ali and is now marking the 85 per cent construction milestone. Working with established contractors and consultants, Azizi is well on track to...
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