Extra Space Storage®, the second largest operator of self-storage in the U.S., announced today a new marketing partnership with Upromise, Inc., the largest private source of college funding contributions in America. Now, Upromise members can earn college savings rewards with every qualifying purchase made at Extra Space Storage. Starting today, Extra Space Storage, the only self-storage company currently participating in Upromise, will contribute...
ARCADIS, the international consultancy, design, engineering and management services company, announced today that it has won several large infrastructure projects in Poland, with a total value for the company of approximately EUR 20 million. It concerns two road contracts, and two rail assignments. Up until 2013, Poland, supported by European Union funding, plans to invest approximately EUR28 billion in road and rail infrastructure. The road projects...
Citi and the Citi Foundation announced today funding will be provided to local housing organizations in 12 communities across the country in the form of planning grants enabling them to provide technical assistance to help revitalize low- and middle-income communities that are among the hardest hit by residential housing foreclosures. The planning grants are being provided through the Citi Foundation Neighborhood Stabilization Planning Grants program....
Cavico Corp., a leading infrastructure development company in Vietnam, today announced that Cavico Construction and Infrastructure Investment JSC and Cavico Mining and Construction JSC have entered into a contract with the project management unit of the Song Bung 4 hydropower plant for the construction of access roads. The $1.15 million contract is expected to be completed in 18 months. Cavico Bridge and Cavico Mining will begin construction during...
General Growth Properties, Inc. announced another closing today as part of the staged funding of its $1.75 billion secured portfolio facility. This brings the total amount outstanding under the facility to $1.51 billion, thereby exceeding the funding level necessary to eliminate the reserve requirement and terminate any possibility that the Company would be obligated to make partial prepayments under the facility. The Company increased the initial...
The Board of Directors of the Orangeline Development Authority on September 10, 2008 voted unanimously to enter into a legal services agreement with DLA Piper, one of the world’s largest law firms, which will set the stage for raising private investment for the most innovative transportation and development project in Southern California. DLA Piper will coordinate securing the developer consortia agreements that will play a critical role in...
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...
General Growth Properties, Inc. announced that it repaid $391 million of near term maturity mortgage loans, following another closing with respect to the staged funding of its $1.75 billion secured loan facility today. This brings the total loan facility amount currently outstanding to $1.41 billion. All remaining seven properties were added to the collateral pool which now completes the 24 property collection of assets. The company plans to add additional...
Advantage Capital Partners, a leading venture capital and small business finance firm, today announced that it has provided $3 million in financing to Lift for Life Academy, a charter school located in St. Louis’ Soulard neighborhood. Advantage Capital partnered with Southwest Bank on the financing, made in connection with the federal New Markets Tax Credit Program and Missouri New Markets Development Program. The funding enables Lift for Life...
Whistler Crossing, an innovative 132 unit residential development located in Riverdale, Illinois, will be celebrating its grand opening on Thursday, August 21st at 10 AM at 13711 S. Lowe Avenue. Holsten Real Estate Development Corporation, Turnstone Development and the Village of Riverdale are hosting the celebratory event. This exciting new rental development is the cornerstone of a five-year revitalization effort to replace the dilapidated and crime...