A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc., has sold Boardwalk Shopping Center – a 184,600 square-foot retail center on 21 acres in Round Rock, Texas – to affiliates of Gemini Real Estate Advisors, LLC. The transaction closed August 21st. A&B Properties will invest a portion of the proceeds in a previously acquired logistics warehouse facility in Savannah, Georgia, with the balance to be reinvested...
Emeritus Corporation, a national provider of assisted living and related services to senior citizens, announced today that it has entered into an agreement to lease 11 communities from affiliates of HCP, Inc.. The communities are comprised of 1,462 units and are located in California, Connecticut, Massachusetts, Maryland, New Jersey, and Virginia. The term of the lease is ten years with an option to purchase the properties beginning at the end of...
Kingspan, the leading manufacturer of a range of sustainable products for the construction industry, is pleased to announce it has completed the acquisition of 100% of MeTecno, Inc. a holding company for the MeTecno businesses in the USA, from MeTecno BV, a subsidiary of the MeTecno Group, a global manufacturer of composite sandwich panels. The agreement is unconditional. MeTecno, operating under the ASI, API, and Benchmark brands, is the second largest...
New Homes in Lake Elsinore are being built and sold by Wesco Homes & Development, the Managing Member of Red Kite LLC. The construction phase of the models is coming to a close and the decorated and landscaped homes will be open to the public in August. Wesco believes that these homes are just what the new home owner needs: a great quality home, at an affordable price. Red Kite community will offer 48 quality homes in a picturesque setting with...
Federal Signal Corporation’s Safety and Security Systems Group, a leader in advancing security and well-being, today announced that its PIPS Technology subsidiary has entered into a cooperative marketing agreement with 3M Corporation to provide an electronic vehicle registration (EVR) solution to the transportation market segment. “3M is committed to delivering innovative solutions to complex problems that our customers are facing,”...
Forest City Enterprises, Inc. announced that it’s New York-based subsidiary, Forest City Ratner Companies, has closed on $167 million in construction financing for 80 DeKalb, a 335,000-square-foot residential building on DeKalb Avenue in downtown Brooklyn. The 34-story, Costas Kondylis-designed building is the first residential tower constructed by Forest City in Brooklyn. It is designed to achieve LEED certification and will include 73 affordable...
Energy efficiency and indoor air quality are increasingly considered equally vital factors in building design. At the same time, there is proof that performance and productivity are influenced by the working environment. With the importance of noise, lighting, temperature and humidity already understood, the role of air quality is receiving greater recognition. A variety of Sick Building Syndrome symptoms are known to be aggravated by even slight...
A class-action complaint was filed in Montgomery County Court of Common Pleas this morning alleging that negligence on the part of the developer, building and management contractors of the Millennium apartment complex here contributed to the catastrophic losses suffered by hundreds of residents as a result of last Thursday’s eight-alarm fire, Robert J. Mongeluzzi, attorney for the plaintiffs said after the filing in Norristown. The attorney,...
Myers Industries, Inc. announced that it will implement aggressive productivity and manufacturing initiatives in the Company’s Lawn and Garden Segment aimed at optimizing customer service, reducing costs, increasing competitive positioning and enhancing long-term operating performance. “Our objective with the initiatives announced here today is to further improve our manufacturing network and processes to minimize operating costs and maximize...
Enjoy tropical flair and traditional styling with Strathwood’s Bali wing chair. The wicker seating is made from rattan core and peel, a very durable material harvested from palm trees and extensively used to make wooden furniture. Rattan is lightweight, durable, and flexible. The sturdy, dark-finished legs are made from hardwood, as is the corner-blocked frame. Elasticized fabric spring decks add extra comfort. The white seat cushion and throw...