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Escrow makes construction loans easier
08 January 2009 Developers in Ajman are likely to get bank loans for construction purposes after the government passed regulations making escrow accounts mandatory, according to a company executive.

A123Systems Announces Plan to Build U.S.-based Lithium Ion Battery Mass Production Facilities
WATERTOWN, Mass. January 7, 2009: A123Systems today announced it has submitted an application under the U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing Incentive Program to qualify for $1.84 billion in direct loans to support the construction of new world-class lithium ion battery manufacturing facilities in the United States, with the first construction location in ...

Investors buy $558 million in mortgages from FDIC
A group of private investors including former executives of Countrywide Financial Corp. has purchased $558 million in home mortgages from the government in a deal involving assets of the failed First National Bank of Nevada, the investors announced Wednesday.

A123Systems Announces Plan to Build U.S.-based Lithium Ion Battery Mass Production Facilities
A123Systems today announced it has submitted an application under the U.S. Department of Energy’s Advanced Technology Vehicles Manufacturing Incentive Program to qualify for $1.84 billion in direct loans to support the construction of new world-class lithium ion battery manufacturing facilities in the United States, with the first construction location in southeast Michigan.

Not all giving up on construction in economic downturn
Dentist Josh Green opens the doors Jan. 19 to a brand-new office in Hellgate Meadows. Green, who currently practices at a dental complex on Southwest Higgins, is among a select group of people who are building in a down economy.

MGM Mirage, Dubai Scrap CityCenter’s Harmon Condos (Update3)
Jan. 7 (Bloomberg) -- MGM Mirage and Dubai World postponed the opening of one hotel and canceled a condominium development at their CityCenter construction on the Las Vegas Strip to trim costs and “maximize” returns in a declining market.

Progress Energy Florida Signs Contract For New, Advanced-Design Nuclear Plant
Progress Energy Florida (PEF) has signed a contract with Westinghouse Electric Company LLC and The Shaw Group Inc.'s Power Group for the engineering, procurement and construction of two nuclear units for a proposed nuclear power plant in Levy County, Fla