nstitutional Real Estate, Inc. (IREI), a publishing and consulting firm focused on serving the institutional property marketplace, has launched The Institutional Real Estate Letter – Asia Pacific at the Editorial Advisory Board meeting held in Kyoto, Japan, November 4–6. The first issue is scheduled for January 1, 2009. The publication will be a preeminent information source for Asian institutional real estate investors, including pension funds,...
Evolution Solar Corp. will begin to supply its new 300 watt panel in the first quarter of 2009. The Evolution 300 is a 300 watt solar panel that was designed to provide 33% more power on the same real estate as current 200 watt panels. “The cost savings with our new panel is significant with an average savings of 1/3 of the cost for inverters, framing, tracking, and installation,” stated Michael Franklin, President of Asian Operations...
Pure Technologies Ltd., TSX-V: PUR, announces that an aggregate of 430,000 stock options have been granted to officers, employees and a consultant. The options have an exercise price of $2.05 per share, expire on November 12, 2013, and vest over 3 years. Total options outstanding, subsequent to the current grant, are approximately 8% of total shares outstanding. ABOUT PURE TECHNOLOGIES LTD. Pure Technologies is an international technology company...
Feldman Mall Properties, Inc announced today that it has entered into a letter agreement with Inland American Real Estate Trust, Inc. (“Inland”) pursuant to which Feldman will repurchase from Inland 2,000,000 shares of 6.85% Series A Cumulative Convertible Preferred Stock (the “Series A Preferred Stock”). In exchange, Inland will receive title to the Stratford Square Mall, located in Bloomingdale, Illinois, Northgate Mall,...
Maui Land & Pineapple Company, Inc. announced the appointment of Warren Haruki as chairman and Robert (Rob) Webber as president and CEO, effective January 1, 2009. They replace David Cole who resigned earlier this week after five years as chairman, president and CEO of the 100-year old company. Cole will continue to serve as a director and will be the Company’s representative to the boards of Hawaii BioEnergy and Hawaii Superferry. “Rob Webber...
Group 24, LLC, announced it has become a 50 percent partner with Turnberry, Ltd., one of the United States’ premier real estate companies, in the development of Turnberry Tower, a 40-story, luxury condominium project slated for San Francisco’s Rincon Hill neighborhood. Group 24’s major investment in the $300 million residential tower is the firm’s first project with Turnberry. “Turnberry has set the standard for upscale living in major cities...
Hitachi Construction Machinery Co., Ltd. (President: Michijiro Kikawa) has been awarded prestigious 2008 Good Design Awards by the Japan Industrial Design Promotion Organization (JIDPO), for 6 of its products. The award-winning products are 3 models of Zero Tail Swing hydraulic excavator from the “ZAXIS US-3″ series, and 3 models of mini wheel loader from the “ZW” series. The high-profile and highly-coveted Good Design Awards are judged...
The event was sponsored by the Canadian Woodlands Forum and hosted by Ledwidge Lumber on gently rolling, forested land near Halifax, Nova Scotia. Over 6,100 loggers and their families came to see machine demonstrations and learn about related forestry products presented by 115 companies. About half way through the 1.8-mile loop, a huge banner with the black and Caterpillar yellow logo announced the site. The pathways leading up to Cat’s tent brought...
NOF intends to acquire 2 properties on Nov. 5, 2008 Left: ‘PMO Nihonbashi Honcho’, a newly completed high quality mid-size office building in central Tokyo. Right: ‘Nomura Sapporo Building’, a large scale office building with an excellent location and high specifications, completed in July, 2008 in Sapporo city, Hokkaido. Nomura Office Fund Determined the Acquisition – PMO Nihonbashi Honcho for JPY5,000 Million and Nomura...
Canadian Locker Company, Ltd., a subsidiary of American Locker Group Incorporated, announced today that the City of Kelowna, BC has selected the Statesman storage lockers for its new $46 million Mission Recreation Park Aquatic Centre. When it opens in April 2009, it will be the largest civic indoor water park in Canada. The Mission Recreation Park Aquatic Centre, located near the Capital News Centre on Gordon Drive, will be a 8,920 square meter (96,000...