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Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium

Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium

by Phil Hall | Nov 18, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The new Highmark Stadium for the NFL’s Buffalo Bills is still on target for a June 2026 opening, but its projected costs have hemorrhaged to $2.1 billion – more than $560 million over its initial estimate. The Associated Press reports taxpayers funding for the project...
New Proposal Envisions $1 Billion Redevelopment of Astrodome

New Proposal Envisions $1 Billion Redevelopment of Astrodome

by Phil Hall | Nov 14, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Houston’s Astrodome, the world’s first domed sports stadium which has been closed since 2009, is the subject of proposed $1 billion redevelopment project. According to combined media reports, the nonprofit Astrodome Conservancy which seeks to preserve the historic...
Canada Allocates $9 Million for 1,500 Foreign Construction Professionals

Canada Allocates $9 Million for 1,500 Foreign Construction Professionals

by Phil Hall | Nov 13, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Canadian government is allocating $9 million to bring 1,500 internationally trained construction professionals into the country. Canada has a significant labor shortage in its construction industry, a problem that is exacerbating the nation’s housing crisis. The...
New Partnership to Build Sustainable Boutique Hotels in North America

New Partnership to Build Sustainable Boutique Hotels in North America

by Phil Hall | Oct 24, 2024 | Commercial Real Estate News, Current News & Events, Real Estate Investing, WRE News Exclusive

Arthrotó, a provider of sustainable prefabricated building solutions in Canada, has partnered with Switzerland’s Riva Hospitality Group to develop eco-friendly boutique hotels and resorts in the US and Canada. Arthrotó has committed to constructing hotels that...
New Ownership for Unfinished Ontario Condo Complex

New Ownership for Unfinished Ontario Condo Complex

by Phil Hall | Oct 14, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A mid-rise condominium project in Kitchener, Ontario, that was paused after it ran into financial problems has a new ownership team vowing to finish construction. The Canadian mortgage lender Dorr Capital Corporation, ELM Developments, and Gentai Capital Corporation...
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