Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted an auction of 14 luxury residences located in lovely Escondido, a thriving urban environment, just 30 miles northeast of San Diego. The elegant 1 and 2-story, four and five-bedroom residences ranging from 2,900 to 4,049 square feet feature formal entry foyers, spacious family and living and dining rooms. Published reserves for...
EMB, a global property and casualty (P&C) consulting firm, today announced that the Casualty Actuarial Society (CAS) has honored Tom Hettinger, Managing Director North America, with the Above and Beyond Achievement Award for 2008. Hettinger was recognized for his roles as Chair of this year’s ERM Symposium and leader of the task force to create the 2009 Ratemaking and Product Management Seminar, of which he is now the Chair. Each year, the CAS...
ProLogis the world’s largest owner, manager and developer of distribution facilities, announced today that it will install its first photovoltaic (PV) system in Japan. ProLogis will install a one-megawatt (MW) PV system at ProLogis Parc Zama I, a five-story distribution facility totaling more than 1.2 million square feet (113,000 square meters). The park is located in the city of Zama, a logistics hub in Japan’s Kanagawa Prefecture. The...
Greenbuild Expo — Autodesk, Inc. and the American Institute of Architects (AIA) have announced the results of the 2008 Autodesk/AIA Green Index, an annual survey that measures how AIA members are practicing sustainable design, as well as their opinions about the green building movement. This year’s index shows an increase in the implementation of sustainable design practices from architects and building owners. In addition, it shows that...
Solutia Inc. announced that effective March 31, 2009, its Saflex plant in Trenton, Mich., will be focusing solely on the production of Butvar® PVB resin and therefore will be exiting production of Saflex® polyvinyl butyral (PVB) interlayers at that time. Approximately 115 of the 187 employees at the Trenton plant will be impacted by this action. “As the world leader in PVB interlayers, Saflex continues to invest in new technologies, capabilities...
AMB Property Corporation, a leading global developer and owner of industrial real estate, announced it has stabilized its AMB Isle d’Abeau Logistics Park C development in Lyon, France with a 264,000 square foot (24,500 square meter) lease agreement with Wincanton, a leading European supply chain solutions provider. Lyon is France’s second largest metropolitan area and the primary distribution hub for goods entering Europe via the port...
Institutional Real Estate, Inc. (IREI), a publishing and consulting firm focused on serving the institutional property marketplace, has launched The Institutional Real Estate Letter – Asia Pacific at the Editorial Advisory Board meeting held in Kyoto, Japan, November 4–6. The first issue is scheduled for January 1, 2009. The publication will be a preeminent information source for Asian institutional real estate investors, including pension funds,...
nstitutional Real Estate, Inc. (IREI), a publishing and consulting firm focused on serving the institutional property marketplace, has launched The Institutional Real Estate Letter – Asia Pacific at the Editorial Advisory Board meeting held in Kyoto, Japan, November 4–6. The first issue is scheduled for January 1, 2009. The publication will be a preeminent information source for Asian institutional real estate investors, including pension funds,...
In a move to build upon its achievements and further accelerate growth , Dolce Hotels and Resorts, a meetings-focused hospitality company based here that manages 23 hotels, resorts and meetings centers in the United States, Canada and Europe, has appointed industry veteran Steven A. Rudnitsky as president and chief executive officer, effective Dec. 8. Rudnitsky, who recently stepped down as president and chief executive officer of Wyndham Worldwide’s...
Evolution Solar Corp. will begin to supply its new 300 watt panel in the first quarter of 2009. The Evolution 300 is a 300 watt solar panel that was designed to provide 33% more power on the same real estate as current 200 watt panels. “The cost savings with our new panel is significant with an average savings of 1/3 of the cost for inverters, framing, tracking, and installation,” stated Michael Franklin, President of Asian Operations...