The insurance industry’s recognition of the recent Architectural Testing certification of MonierLifetile products will have positive implications for homeowners and builders in U.S. hail regions providing further confidence in the product’s known durability and performance in all climate regions. In an average year, hail causes more than $1.6 billion worth of damage to residential roofs in the United States, making it, year in and year...
This sprawling district is set along the landscaped boulevards of Logan Square and remains one of the finest sections of the City’s park boulevard system. The district’s buildings are well crafted in a variety of architectural styles. This large single-family masonry residence was built in the early 20th-century with Prairie and Craftsman features. The owners rebuilt a portion of the side masonry wall that had lacked adequate foundations and constructed...
Located in Lincoln Park on the city’s north lakefront, this building is an excellent and unusual surviving example of Chicago park architecture. Built in 1888 and designed by important architect Joseph L. Silsbee, the comfort station draws from the tradition of Victorian-era picturesque architecture. The Lincoln Park Zoo undertook the renovation of the building, and the project was funded in part with a Save America’s Treasures grant administered...
Gold Horse International, Inc.,, a multifaceted business group that controls and operates a construction company, real estate development business and a hotel in Inner Mongolia, China, today provided updates on two key real estate development projects in Inner Mongolia that are scheduled for completion in 2009. The construction cost of both projects combined is expected to be RMB 158 million ($23.2 million). The Company’s Inner Mongolia affiliate,...
The mansions of magnates, the hotel of presidents, the turn-of-the-century homes of Chicagoans, and other community treasures have recently been restored with special attention to historic architectural features. These and other Landmark buildings and their owners, 22 in all, honored today with the Chicago Landmark Award for Preservation Excellence. ADVERTISEMENT “It’s an honor to recognize these outstanding citizens who are truly dedicated...
As part of its strategic plan to increase remanufacturing operations and better support the mining market in Asia, Caterpillar Inc. announced today it will open a new remanufacturing facility in Singapore. The new site will serve as the regional source for remanufactured major components, including mining truck engines, transmissions, final drives and torque converters. “The opening of the facility in Singapore is evidence of our ability to...
Skanska is continuing with development of the Universitetsholmen in central Malmö. The office building, designated “Bassängkajen,” will be built in seven stories and comprise a total of 19,000 square meters in two stages. Skanska’s investment in the first stage involving 10,000 square meters amounts to about SEK 240 M and is scheduled to be completed in autumn 2010. The new property is expected to be one of the first in Malmö to fulfill the...
Hilton Garden Inn®, one of the fastest growing brands that is part of the Hilton Family of Hotels, announced today the milestone opening of its 400th location, the Hilton Garden Inn Ottawa Airport in Ottawa, Ontario, Canada. The hotel represents the newest addition to the brand’s growing portfolio of hotels throughout North America and Europe. The Hilton Garden Inn Ottawa Airport is operated by Bona Building and Management, Ltd., under a license...
AvalonBay Communities, Inc. announced the formation of AvalonBay Value Added Fund II, L.P., a private, discretionary investment vehicle with commitments from four institutional investors and AvalonBay Communities, Inc. (“AvalonBay”). Fund II will acquire and operate multifamily apartment communities primarily in AvalonBay’s high barrier-to-entry markets of the Northeast, Mid-Atlantic, Midwest, and West Coast regions of the U.S. with...
The Los Angeles River Revitalization Master Plan aims to transform 32 miles of concrete-lined River into public green space in the heart of one of America’s most populated cities. Key civic leaders joined forces to fund a visionary and technical look at changing the river into a new amenity, a source of socio-economic revitalization and a crucial step in the re-greening the City of Sprawl. The master plan is the result of a comprehensive analysis...