Construction & Property News

PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Ram Realty Advisors (“Ram”), a real estate investment management firm specializing in multifamily, grocery-anchored retail, and mixed-use in select high-growth markets throughout the Southeast, today announced the disposition of two retail assets in North Carolina: Elliott Square in Chapel Hill and Midtown Corner in Raleigh. Elliott Square, a 69,000-square-foot retail center in Chapel Hill, was acquired by Ram in 2016 and sold following a fully markete...

SPRINGFIELD, Mo.--(BUSINESS WIRE)--Springfield Police Officer Aaron Pearson, who was injured while on duty in 2015, recently received a new roof for his family’s home thanks to the generosity of Garrison Roofing and support from TAMKO Building Products LLC. While serving his community, Officer Pearson was shot and suffered a severe brain injury that changed his life. Years later, when his family needed a new roof and insurance did not cover it, the community stepped in to help. “The whole commu...

BETHESDA, Md.--(BUSINESS WIRE)--Brivo, the global leader in cloud-native unified physical security, today announced the early availability of its Brivo Genius Mobile Agent, a conversational AI interface for the Brivo Access Mobile App. Brivo is the first physical security technology provider to provide users with the ability to execute critical security actions — from emergency site-wide lockdowns to routine business settings — instantly via simple voice or text commands. “Natural language inte...

STAMFORD, Conn.--(BUSINESS WIRE)--ITT maintains its investment grade ratings with a stable outlook following the SPX FLOW acquisition announcement and successful equity offering....

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced new circularity impact metrics focused on generating 10 percent of its revenue from circular products and services and more than doubling the use of circular materials by 2030. Trane Technologies’ circularity strategy includes multiple innovative initiatives to increase the use of recycled materials and to optimize the continued use of products through smart services, upgrades, remanufac...

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a construction multiple-award task order contract (“MATOC”) by the U.S. Army Corps of Engineers, Middle East District. The contract provides a shared capacity of $900 million over seven years (a two-year base period and five one-year options periods) f...

SAN JOSE, Calif.--(BUSINESS WIRE)--For the first time, a single cement meets all six ASTM C1157 performance categories simultaneously, a level of versatility typically requiring four separate portland cement formulations. Green cement manufacturer Fortera has certified its ReAct™ low-carbon cement to this standard, with independent testing by Construction Testing Services validating ReAct's performance across the standard's eight test requirements. With one formulation covering all six categori...

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced its Board of Directors has declared a fourth quarter 2025 dividend of $0.355 per common share. The dividend is payable on or about January 12, 2026, to common stockholders of record as of December 31, 2025. The Board of Directors also declared a fourth quarter 2025 dividend on its convertible Series H Preferred Stock in an amount equal to the as-converted common dividend amount. FBR...

CALGARY, Alberta--(BUSINESS WIRE)--Mainstreet Equity Corp. (TSX:MEQ) announced its double-digit year-over-year growth across main key operating metrics in FY 2025. Even in a year of economic, political and policy uncertainty and a temporary strategic pause in acquisitions during the year, funds from operations (FFO) increased 13%, net operating income (NOI) from operations rose 14%, same asset NOI increased by 10% and rental revenue from operations was up 11%. The FY overall operating margin fr...

TORONTO--(BUSINESS WIRE)--Inovalis Real Estate Investment Trust (the REIT”) (TSX: INO.UN) announced today, a cash distribution of $0.04579 per Unit that will be payable on December 31, 2025 and will be paid on January 15, 2026 to Unitholders of record on December 31, 2025. The REIT also announced that it has declared a special non-cash distribution of $0.13738, payable to Unitholders of record as at December 31, 2025. The special distribution is being made to distribute the taxable income realiz...