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News & Insights

Pandemic-Driven Trends in the Food & Beverage Industry

Pandemic-Driven Trends in the Food & Beverage Industry

Over the past six months, we've witnessed the COVID-19 pandemic accelerate the seismic shift in consumer expectations, and more people are shopping online than ever before. The food and beverage industry is no different, with online grocery sales expected to…

HUD 221(d)(4) Financing Girds Workforce Housing Projects

HUD 221(d)(4) Financing Girds Workforce Housing Projects

As some capital sources pulled back on construction lending due to COVID-19, workforce housing developers and other builders have increasingly turned to HUD 221(d)(4) financing. HUD 221(d)(4) insures mortgage loans to build new construction or substantially rehabilitate multifamily rental or…

Molly McShane Named CEO of The McShane Companies

Molly McShane Named CEO of The McShane Companies

National real estate development and construction services provider The McShane Companies announced that its Board of Directors has appointed Molly McShane as Chief Executive Officer effective October 1, 2020. Ms. McShane previously held the position of Chief Operating Officer. "During…

Three Ways McShane Maintains Your Budget Throughout Pre-Construction

Three Ways McShane Maintains Your Budget Throughout Pre-Construction

As a developer, imagine you are nearing the end of the pre-construction process on your latest development. Construction documents have been completed and your general contractor is pricing the final round of the project to go to contract. You receive…

McShane-UJAMAA JV Completes 4400 Grove

McShane-UJAMAA JV Completes 4400 Grove

The joint venture team of McShane Construction Company and UJAMAA Construction is pleased to announce the completion of 4400 Grove, a highly anticipated mixed-use development from Brinshore Development and The Michaels Organization. “There is a shortage of affordable housing across…

McShane Begins Construction on 20th Springs Assignment

McShane Begins Construction on 20th Springs Assignment

McShane Construction Company has begun construction on Springs at Cooley Station in Gilbert, Arizona, their 20th Springs assignment for the owner, Continental Properties. Currently underway with two additional projects for Continental in the Phoenix area, McShane is assisting Continental in…

Lumber Prices Are on the Rise—but Why?

Lumber Prices Are on the Rise—but Why?

Lumber prices have been on a sharp incline during the pandemic and hit an all-time high this month. From its 2020 low point back in April, the commodity has risen to over $800 per 1,000 board feet, which is an…

Urbanization and its Implications on Industrial Development

Urbanization and its Implications on Industrial Development

Viable land sites are increasingly scarce throughout California, and those that are available are being sold at a premium. As a result, many developers are left scrambling to find affordable dirt for their industrial developments. This poses challenges, as most…

McShane Completes Construction of The Elaine Apartments

McShane Completes Construction of The Elaine Apartments

McShane Construction Company has completed The Elaine, a new 304-unit luxury apartment residence in Northbrook, Illinois. McShane was selected by the Finger Companies to provide general construction services for the development. “The Elaine is truly a first-class residence,” stated Jeffrey…

Safety on the Frontlines of COVID-19

Safety on the Frontlines of COVID-19

As a business on the frontlines of the COVID-19 pandemic, it was imperative for us to quickly adapt our safety measures and practices on our construction sites across the country. As a general contractor, we were tasked with not only…

Common Ground – Summer 2020

Common Ground – Summer 2020

The latest edition of our newsletter is now available. In this issue you’ll hear what we’re doing to keep people safe while working through the current pandemic. You’ll also find updates on exciting new projects we’re working on around the…

McShane Completes Noble Vines at Braselton

McShane Completes Noble Vines at Braselton

McShane Construction Company has successfully completed the construction of Noble Vines at Braselton, a new multi-family residence near Atlanta, Georgia. The development was constructed on behalf of Claret Communities utilizing HUD 221(d)(4) financing. Built with sustainability in mind, it meets…