Inventory rebounds amid record home value and rent growth
Continued torrid growth in the housing market paired with a long-awaited bump in inventory in May, according to Zillow’s latest Market Report.
Barings provides acquisition financing on Burbank office
Barings, one of the world’s leading investment managers, today announced it has provided a $48.3 million mortgage to finance the purchase of an office property in Burbank, California.
420-acre research community coming to San Felasco
San Felasco Research Ventures has announced the development of a new mixed-use Research Community within the City of Alachua.
Newmark arranges $350 million loan for 16-property suburban office portfolio
Newmark, on behalf of Angelo Gordon and the WE’RE Group, has arranged a $350 million floating rate, securitized loan for the financing of 16 suburban office assets, spanning 2 million square feet across Long Island’s Nassau and Suffolk Counties.
Ethiopia inaugurates Meskel square renovated project
Prime Minister Abiy Ahmed of Ethiopia on Sunday inaugurated the recently renovated Meskel Square and Churchill Road – City Hall projects completed in Addis Ababa.
U.S. home price appreciates at highest levels
Home prices in the U.S. rose again in April, albeit at a slightly lower rate than recorded in the prior month.
African Development Bank debars Mactebac Contractors Limited
The African Development Bank Group announces the 36-month debarment of Mactebac Contractors Limited, a company registered in Kenya and Mr. Joram Opala Otieno, the director and shareholder with effect from 15 December…
IMF advises Sierra Leone to improve infrastructure project management
In its new report released today the International Monetary Fund (IMF) advised Sierra Leone to improve management of infrastructure projects including roads construction.
Granite Construction gross profit up 166.1% year-over-year
Granite Construction Incorporated (NYSE: GVA) today announced results for the first quarter ended March 31, 2021 with its gross profit of $63.3 million – up 166.1% year-over-year.
New factory to solve cement shortage in Ethiopia
A new cement factory under construction with 7,000 metric tons of production capacity per day is set to solve the current cement shortage in Ethiopia.
Price Watch points to construction sector key driver of growth
“A vibrant construction sector is an indisputable driver of GDP growth in a country,” said Bartholomew Armah, Director of Macroeconomics and Governance at the Economic Commission for Africa (ECA).
$456 million asphalt roads to connect Ethiopia with neighbors
The Government of Ethiopia has awarded several asphalt road projects worth close to $456 million that connect the east African country with neighboring countries specifically Sudan, Kenya, Eritrea and Somalia.
Butajira City infrastructure investment paying off
Effective investment in infrastructure by Butajira City, one of the fastest growing cities of Ethiopia, has been paying off facilitating jobs creation and generating revenue to the municipality, says an official.
Africa50 launches podcast to attract investment in infrastructure
Africa50, in partnership with US based Foreign Policy magazine, has launched an exciting new podcast series called Africa Forward. Africa Forward tells the largely untold story of how infrastructure is transforming the…