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Lightsource BP turns sod on 316MW Texas solar


Lightsource BP has concluded a $380m financing and begun construction of 316MW of solar in Texas.
The projects are the 163MW Elm Branch and the 153MW Briar Creek and commercial operation of both projects is expected by late 2021.
Tax equity financing for the projects was secured from Bank of America.
The debt for the facilities was provided by the following mandated lead arrangers including ING Capital.
The balance of the equity requirements will be invested by Lightsource BP.
CohnReznick Capital was engaged as the tax equity advisor for the transaction.
Lightsource BP CEO Kevin Smith said: “This transaction is a demonstration of the low risk and stable yield opportunities that renewable energy projects offer to investors, the quality and bankability of our developed assets, and the confidence that top tier investors have in Lightsource BP. ....

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Deal Ticker: Domed Roof Landmark Property in Addison Exchanges Hands For Corporate HQ Relocation


Deal Ticker: Domed Roof Landmark Property in Addison Exchanges Hands For Corporate HQ Relocation
Plus: Flurry of leasing fills Carrollton Business Center, Craig Ranch to get new office building, a 422-unit apartment asset near Preston Hollow has sold, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
Cherry Coatings will grow its Dallas-Fort Worth operations with a new corporate headquarters at the popular 56,000-square-foot Inwood Soccer Center in Addison. Cherry Coatings, which specializes in new construction painting, industrial flooring, and maintenance coatings, will relocate from Carrollton to the former soccer landmark at 14801 Inwood Road, which sits on over three acres of land. The 53-year-old company will retrofit the building to house 75 corporate employees and a large warehouse with loading docks. ....

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NEXT Coalition of Leading U.S. Engineering, Construction Firms Wins Construction Dive Magazines Coveted Top Innovation Prize


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As the COVID-19 pandemic deepened, leading U.S. engineering and construction firms joined forces in May, leveraging their deep safety expertise and best practices in a campaign to ensure the well-being of crews and office teams facing the outbreak’s complex challenges.
Now for that push with pilot projects already in play, the NEXT Coalition is being honored, winning
Construction Dive magazine’s coveted “Innovator of the Year” award.
That “Dive Award” for Innovator of the Year, one of several handed out each year by
Construction Dive and its stable of trade publications that also cover utilities and other sectors, affirms the vision of the NEXT Coalition founded by peer companies Black & Veatch, DPR Construction, Haskell and McCarthy Building Companies. Swinerton, Truebeck Construction and Alabama Power have since joined the group, which from its outset has been commi ....

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