Thursday, May 2, 2024

Santa Cruz County Bank to to remodel newly-purchased building in Salinas

Santa Cruz County Bank says it has purchased a building in Salinas and plans to further expand into Monterey County by opening a full-service...

Waterford, Development Authority to convert apartments into workforce housing

Waterford Property Co., in partnership with the California Statewide Communities Development Authority (CSCDA), has purchased Altana, a 507-unit luxury multifamily community, Altana, located at...

R.D. Olson breaks ground on housing community in South Los Angeles

R.D. Olson says it has broken ground on West Terrace, a 64-unit, four-story affordable housing community in South Los Angeles. The 52,300 sq. ft., wood...

SMART’s board approves $21.4 million capital improvement plan

Sonoma-Marin Area Rail Transit (SMART) approved a list of rail and pathway projects connecting SMART stations totaling $21.4 million. SMART plans to use the funds...

ACRES secures $41.1 million loan for Hollywood multifamily project

ACRES Capital has originated a $41.1 million loan to fund the construction and stabilization of a six-story building. The micro-unit multifamily and retail project is...

Los Angeles’ multifamily development secures $13.3 million construction loan

ACRES Capital has originated a $13.3 million loan to fund the construction of 636 North Juanita Avenue, a 33-unit, multifamily development located in the...
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California construction firm pays $2.5 million to settle allegations of exploiting service-disabled veteran-owned small...

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Stronghold Engineering, Inc. (SEI) and its owners have paid the United States $2.5 million to resolve criminal and civil investigations into allegations the firm...

Granite wins rail yard construction project in Stockton

Granite has won the Intermodal Ethanol Transfer Facility project by Eco-Energy Distribution in Stockton. The project will establish a new rail yard on 17 acres...

Construction begins on affordable multifamily property in Los Angeles

West Hollywood Community has broken ground on Mariposa Lily, an affordable multifamily property in Los Angeles. Mariposa Lily is being built in the Pico-Union neighborhood...

Construction underway on new Grocery Outlet in Paradise

Engstrom Properties is building a new Grocery Outlet in Paradise. Construction has started for the store at the former site of CVS at 6800 Skyway...

Projects and opportunities

Construction begins on west coast’s largest veterans’ park at San Diego’s Navy Pier

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California Construction News staff writer Construction of Freedom Park, the largest veterans' park on the West Coast, is officially underway. This multi-year joint project, anticipated...

California awards over $100 million for tribal land projects, including ancestral land return and...

California Construction News staff writer As part of an ongoing truth and healing process, California is supporting the return of more than 38,000 acres of...

California awards $120 million in tax credits to eight companies, fueling $15.5 billion private...

California Construction News staff writer The State of California is awarding $120 million in tax credits to eight companies, part of the California Jobs First...