Last week, Mayor R.T. Rybak was honored for his work as a strong champion of transportation improvements in the region by the Minnesota Transportation Alliance at the group’s Annual Meeting. This week, he’s up on YouTube, poking fun about his own driving while letting the Metro area in on an early holiday gift from Brookfield Properties–FREE parking at Gaviidae Common, every Saturday and Sunday, from Thanksgiving to Christmas. That’s right,...
KBR announced that it has been awarded a contract by Egypt Hydrocarbon Corporation (EHC) to complete a pre-Front End Engineering Design (pre-FEED) study for two polyethylene units at its proposed Petrochemical Complex. The complex will be located 25 km (15.5 miles) from Suez, Egypt, near the Red Sea. Under the pre-FEED study, KBR will perform PolyEthylene (PE) technology evaluation and licensor recommendation to EHC. Currently, two PE plants are planned...
American Realty Advisors announced that it has provided preferred equity financing to an affiliate of Quadrangle Development Corporation for the recapitalization of the Grand Hyatt Washington, an 888 room, luxury full-service hotel located in the burgeoning East End of Washington, DC. The investment was executed on behalf of one of American’s separate account clients. The Grand Hyatt Washington, built in 1987, underwent a full-scale guestroom,...
The Streets of Buckhead, a world-class luxury destination that combines international boutiques, fine dining and exclusive residences in a streetscape setting welcomes upscale clothiers Brioni, Leggiardo and Shirts & Co. by Domenico Vacca. Ben Carter, founder and chairman of Ben Carter Properties, is creating the region’s premier luxury shopping experience in the heart of Atlanta’s affluent Buckhead community. The development already boasts...
Construction Grands Projets, leader (65 %) of a joint-venture with the American contractor Frontier-Kemper Constructors Inc. (35 %), recently signed a contract with the City of Detroit (Detroit Water and Sewerage Department) to build a tunnel for carrying treated wastewater from the city for discharge into the Detroit river. This contract, worth US$299 million (around €230 million), involves digging a 1.9km tunnel with an interior diameter of 6.5m...
The drop in national housing starts reported today by the U.S. Department of Commerce indicates that home production is down 65.7 percent from the recent peak. The latest research from Metrostudy, a national housing market research company, indicates significant differences in the trends across local markets. Metrostudy collects data on a much more detailed basis than the Commerce Department does, rolling up from a 100 percent count of activity in...
Molex Incorporated (NASDAQ:MOLX – News), announces the addition of the BradCommunications™ eNetMeter™ for DeviceNet to its line of diagnostic tools. The BradCommunications eNetMeter DN is a passive device that continuously monitors a DeviceNet network and sends the information over Ethernet to a PLC or PC monitoring system. The information can be read directly by an EtherNet/IP master. Optionally, data can be accessed through a DLL interface,...
Green Builders, Inc. a leading large-scale developer of sustainable homes in the Austin, Texas-area, is expanding its services to include green remodeling. The new venture will initially cater to existing homeowners in Central Texas who want to reduce home energy demands and utility bills, lessen home maintenance costs and increase the comfort of their home. Heating and cooling account for more than fifty percent of the average home’s energy...
Heartland, Inc. (OTCBB:HTLJ – News) announced today that the Company finished the third quarter with continued profitability. Profit for the first nine months of 2008 was $1,387,719 on sales of $15,684,082. This compared favorably when viewed against the 2007 numbers of $9,656,306 in sales with a loss of $1,055,444. Maintaining a better control over the administrative costs along with the heavy backlog of projects have allowed Heartland to generate...
Regulatory News: Skanska (STO:SKAB) has appointed Richard Hultin new President of Skanska Commercial Development Europe. He succeeds Lars Vardheim, with whom new opportunities within Skanska are now being discussed. Richard Hultin joined the company in 1981 and since then has primarily been involved in the development of commercial projects and during the past 15 years in various executive positions. Most recently, he served as President of Skanska...