Cresset Diversified QOZ Fund Announces Loan Closing and Construction Start for Investment in Denver

CHICAGO–(BUSINESS WIRE)–Cresset Partners and Diversified Real Estate Capital announced today the loan closing and construction start for the Cresset Diversified QOZ Fund (“Fund I”) investment in the Residences at RiNo multifamily development in Denver, Colorado.

This investment marks the fourth joint venture between Cresset Diversified and Hines, representing over $750 million in opportunity zone developments around the country. Led by Cresset Diversified’s experienced team of real estate, private equity, tax, and legal professionals, Fund I invests in institutional-quality, core real estate development projects and focuses specifically on well-positioned urban neighborhoods in high-growth markets like Denver.

Residences at RiNo is a build-to-core multifamily real estate project located in North Wynkoop, a premier master-planned district and is the only available multifamily development site within the master plan which is located in a qualified opportunity zone, just north of Downtown Denver. The property will be an 11-story, mid-rise residential building with

Read More

EEI Corporation: Digital transformation in construction

NORWICH, England, Oct. 8, 2020 /PRNewswire/ — BizClik Media Group (BMG), announced today the release of Business Chief APAC October 2020 edition.

October’s cover features Lauro Matias, CIO of EEI Corporation. Matias discusses the technologies involved in its digital transformation, as well as its response to COVID-19. “For me, digital business strategy is about the extension of a company’s physical reality and capabilities using digital technology,” comments Matias.

In addition to Matias, we speak to Alan Chiew, Executive Director and Head of Technology, Digital Channels at Standard Chartered Bank; James Haslam, CFO at ELMO Cloud HR & Payroll; and Andrew Duncan, Partner and UK Head at Infosys Consulting.

“As the pandemic continues to disrupt operations and objectives, the skills required to maintain business continuity are likely to remain in flux. Consequently, we will need to equip our employees with an all-purpose skill set – one

Read More

Fort Worth firm acquires construction business management software group

Fort Worth-based ECI Software Solutions, a leader in cloud-based business management solutions, on Oct. 5 announced that it has acquired BOLT Software, a cloud-based construction business management solution.
BOLT will become part of ECI’s Residential Home Construction Group, joining MarkSystems (ECI’s flagship ERP for residential home builders); Lasso CRM (ECI’s CRM solution built specifically for the homebuilding industry, including lead management, automated sales processes, email marketing and reporting capabilities); LotVue (ECI’s cloud-based lot inventory management system); and BuildTools (ECI’s cloud-based project management system for custom homebuilding and remodeling).

Built by the trades for the trades, BOLT is a SaaS solution that simplifies project management, scheduling and estimating for new home construction subcontractors. BOLT will complement MarkSystems’ Internet Toolkit (ITK) functionality. Where ITK helps builders communicate key details with their subcontractors, BOLT will help those subcontractors truly manage their teams: from rescheduling due to unforeseen delays to scheduling out multiple crews

Read More