Browsing Tag
failures
3 posts
Subbie failures plunge Seddon to £15m loss
The construction arm of the Seddon Group, which only returned to profit of £2m last year after a prior year loss, was also hit by market inflation, project delays and fire safety remediation costs. CEO Jonathan Seddon said: “Inflation has put pressure on our supply chain such that we have seen several failures of key
Bank failures put squeeze on construction loans
On the surface, the recent collapses of Silicon Valley Bank, Signature Bank and First Republic Bank shouldn’t harm the multifamily sector as much as other commercial real estate asset classes. Recent data from research firm MSCI shows that local and regional banks hold a relatively small percentage of apartment loans. Over the last decade, they
How do you learn from failures that succeed? | This Week in Business
This Week in Business is our weekly recap column, a collection of stats and quotes from recent stories presented with a dash of opinion (sometimes more than a dash) and intended to shed light on various trends. Check back every Friday for a new entry.Yesterday, Polygon published a report on crunch culture at Lego Star…