VFA and Bricsnet Team Up to Provide Comprehensive Solution for Capital Planning and Workplace Management

VFA, Inc., the leading provider of software and services for facilities capital planning and asset management, and Bricsnet, a leading provider of solutions for executive decision support and strategic planning in real estate, today announced a strategic alliance designed to help clients improve operating efficiencies and long-term planning for their real estate portfolios. Together, VFA and Bricsnet offer organizations with large, complex real estate... 

NAPCO Reports First Quarter Results for Fiscal 2009

NAPCO Security Systems, Inc. one of the world’s leading suppliers of high performance electronic security equipment for over 30 years, today announced financial results for its first quarter ended September 30, 2008. Net sales for the first quarter ended September 30, 2008 were $17,483,000, an increase of 26% compared to $13,876,000 reported for the same quarter a year earlier. Operating income for the quarter was $830,000, an increase of 3% from... 

ITW Reports 8.8 Percent Growth in Operating Revenues for Three Months Ended October 31, 2008

Illinois Tool Works Inc. reported an operating revenue increase of 8.8 percent for the three months ended October 31, 2008. The increase in revenue growth for the three months was due to contributions from acquisitions and translation. Base revenues were negative for the three month period as North American and international end markets continued to weaken. On a segment basis, the Company’s three month moving average percentage change for operating... 

Corporate Office Properties Trust Breaks Ground Today at North Gate Business Park in Aberdeen, Maryland

Corporate Office Properties Trust announced today that it is breaking ground on the first building at North Gate Business Park in Aberdeen, Maryland. A ceremony will be held today at the site beginning at 11:30 am Eastern Time. When completed, North Gate Business Park will be a 765,000 square foot business park that will include a small portion of retail space that will support the park. The business park is strategically located on Route 22 at the... 

Biggest U.S. Mortgage Lenders

Mergers and acquisitions are shaking up the standings of the biggest mortgage originators, according to earnings data analyzed by http://www.MortgageDaily.com. Mergers will continue to reshape rankings through next year. During the third quarter, Bank of America Corp. reported more residential production than any other lender. In July, BoA acquired Countrywide Financial Corp. — which had held the title of biggest mortgage lender during most... 

Weingarten Realty Investors Announces $271 Million Joint Venture With Hines REIT

Weingarten Realty Investors and Hines Real Estate Investment Trust, Inc. (“Hines REIT”) announced the formation of a joint venture transaction in which a subsidiary of Hines REIT will acquire a 70% interest in a WRI portfolio of 12 high-volume supermarket-anchored shopping centers. The aggregate transaction price is approximately $271 million and the transaction will close on multiple dates. The initial closing occurred on November 13,... 

Glenborough Appoints New Property Manager at Foundry Square I

Glenborough, LLC, a San Mateo, CA real estate investment and management company specializing in office properties, is pleased to announce the appointment of Christine McGrath as property manager for its recently completed Foundry Square I, a 336,000 square foot Class A office building located in San Francisco’s South of Market Financial District. Ms. McGrath’s property management experience spans more than 10 years, including several downtown... 

Lewis Realty Advisors Announces Formation of Acquisition Counseling Network to Serve Public Agencies

Lewis Realty Advisors, the nation’s leading eminent domain advisory firm, has announced the formation of its nationwide Acquisition Counseling Network. The new unit will deliver comprehensive management of real estate acquisition services for public agencies, utilizing its national network of seasoned real estate professionals, to ensure timely right-of-way delivery on budget. “The Acquisition Counseling Network counsels and coordinates the tasks... 

NWP Services Corporation Completes ViaStar Energy Inc. Transition

NWP Services Corporation (NWP), the leading provider of financial transaction processing solutions for the multifamily housing industry, today announced that it has successfully completed the transition of ViaStar Energy’s billing customers to NWP’s billing system on schedule, in just sixty days following acquisition of the company. “We are very pleased to have now welcomed our new property management customers and look forward to... 

The envision Group Awarded $2.3 Million project

The envision Group today announced that it’s wholly-owned subsidiary, Western Construction and Combustion Services Inc. has been awarded a $2.3 Million contract with the University of Calgary. This new contract is in addition to our current standing offer agreements and multi-year contracts. Under the terms of the contract, the job involves the removal of the existing glazing system and the install of new structural steel and aluminum and glass...