Pearl Dubai FZ LLC, one of the UAE’s leading real estate developers, has awarded an AED8.85 billion (US $2.4 billion) main contract for the construction of its iconic Dubai Pearl project, to the Al Habtoor Leighton Group, the UAE’s largest construction group. The deal is the largest single contract of its kind in the region and arguably one of the largest in the world for a real estate project. Construction is due to begin in January 2009. “While...
Trikona Group, which contributes to India’s growth in a socially aware manner by creating new asset classes around real estate and infrastructure, today announced that HHM Gajsinghji of Jodhpur, a leading hotelier in India, has been named Chairman of Apodis Hospitality, the hospitality company affiliated with the Trikona Group. As president of the 150 member Indian Heritage Hotels Association, Gajsinghji has helped shape the hospitality and tourism...
AMB Property Corporation®, a leading global developer and owner of industrial real estate, announced it has leased more than 590,000 square feet (54,800 square meters) to a wholly-owned subsidiary of a Fortune 100 company, stabilizing its more than 1.1 million square foot (104,300 square meter) development in the Greater Toronto Area (GTA) West submarket. “The fact that AMB has fully leased a 1.1 million square foot development six months ahead...
ccording to the Trippel Survey & Research LLC Seventh Annual Relocation Managers Survey: Relocation Management Company Industry©, SIRVA Relocation LLC ranked second in overall performance and satisfaction among the industry’s top six largest relocation companies. The company achieved the highest scores among the six largest relocation providers in eight of the 24 areas surveyed, and it also placed as one of the top three providers in 22...
North American design firm Stantec announced it has offered to acquire Jacques Whitford, an environmental consulting services firm with more than 1,700 employees and 40 offices principally in Canada. The company’s trailing twelve month gross revenue is approximately C$230.0 million and net revenue is about C$170.0 million. The transaction, expected to be completed in January 2009, is subject to satisfactory due diligence, regulatory approvals,...
BioMed Realty Trust, Inc. announced that Alan D. Gold, BioMed’s President and Chief Executive Officer, was named the national winner of the Ernst & Young LLP Entrepreneur Of The Year® 2008 Award in the Real Estate, Construction and Hospitality category. Ernst & Young’s program recognizes outstanding entrepreneurs who have built and lead dynamic, high-growth businesses on a regional, national and global level. Mr. Gold was selected...
An independent study conducted by the nation’s premier network for listing asset management, Threewide Corporation, reveals that a leading real estate search engine, Trulia is the #1 real estate lead generator as well as #1 in visitors sent to listing broker and agent sites through the Threewide ListHub service. Threewide’s ListHub, the most widely adopted network for listing distribution, works in concert with MLS’s various franchises and...
LandAmerica Financial Group, Inc. announces that the merger agreement previously executed on November 7, 2008 with Fidelity National Financial, Inc. (“Fidelity”) has been terminated. Under the agreement, Fidelity had sole discretion to terminate on or before November 21, 2008. LandAmerica Chairman and Chief Executive Officer Theodore L. Chandler, Jr. said, “We are disappointed with Fidelity’s decision; however, our attention...
Fidelity National Financial, Inc. announced the termination of its definitive merger agreement with LandAmerica Financial Group, Inc., pursuant to its contractual due diligence termination right. Fidelity National Financial, Inc. is a leading provider of title insurance, specialty insurance, claims management services and information services. FNF is one of the nation’s largest title insurance companies through its title insurance underwriters...
Merrill Corporation, a leading global provider of technology-enabled services for the legal, financial, health care, real estate and other corporate markets, announced that its electronic data discovery (EDD) solution, including consulting, forensics investigation, data acquisition, processing and Merrill’s Lextranet® case management and review tool, earned a top-tier position in the Am Law 13th Annual Technology Survey of Am Law 200 firms. “We’re...