Securian’s Web-Based “Encyclopedia” Helps Plan Sponsors Address Fiduciary Duties

Plan sponsors who find the fiduciary duties of their plan administration daunting can find many of their questions answered in an online guide published by Securian Retirement called Fiduciary Focus. “Federal regulations about employers’ and plan sponsors’ fiduciary responsibilities are strict and complicated. Many plan sponsors are understandably nervous when carrying out these duties,” said Rick Ayers, second vice president,... 

Wind Energy America Inc. Obtains Financing to Complete Minnesota Wind Farm

Wind Energy America Inc. announced today that it has started ordering parts and commencing construction and interconnect operations to complete its wind farm project in Minnesota which contains two of the Gamesa wind turbines acquired in the Boreal Energy asset purchase. When commissioning of these two turbines is completed, WNEA will receive its first material revenues from generating utility-scale electricity from wind power. This Buffalo Ridge... 

Mayor Rybak Promotes Free Weekend Holiday Parking

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,... 

Investors Real Estate Trust Announces Increase in Regular Quarterly Common Share Distribution, and Declares Series A Preferred Share Distribution

Investors Real Estate Trust announced that its Board of Trustees has declared a regular quarterly distribution of 16.95 cents per share/unit payable on January 14, 2009, to common shareholders and unitholders of record at the close of business on January 2, 2009. The distribution reinvestment price will be the closing NASDAQ share price on January 14, 2009, less a discount of 5%. The Company has filed a registration statement with the Securities... 

Herbergers Department Store Extends Marktplatz Mall Lease

New Ulm Retail and Development, LLC, the new owner of the Marktplatz Mall in New Ulm, Minnesota, announced that Herbergers, the anchor store for the 60,000 square foot mall, has extended its lease through 2012. Part of a regional chain of department stores in the Mid-West, New Ulm Herbergers is one of the original stores in the chain. “Herbergers decision to renew the lease for four more years was based on our confidence in the owner’s plans to... 

Pentair Divests Spa and Bath Business, Further Concentrates on Pool Equipment Business

Pentair, Inc. announced that it has agreed to sell its Spa and Bath business to Balboa Water Group in a cash transaction. “This sale enables us to concentrate more fully on growth in our core global pool equipment business,” said Pentair Chairman and Chief Executive Officer Randall J. Hogan. “Pool equipment continues to be an attractive platform for Pentair, and we are focused on continuing to deliver industry-changing innovation, such as our... 

Hovnanian Enterprises Presentation at the Bank of America 2008 Credit Conference to be Webcast Live

Hovnanian Enterprises, Inc. a leading national homebuilder, announced that senior management will be presenting at the Bank of America 2008 Credit Conference on Friday, November 21, 2008 at 10:30 a.m. ET. The presentation will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ Web site at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before... 

New Restaurant Design

Interior design for restaurants is ever-changing, as one trend replaces another in attempt to seduce sophisticated diners the world over. This book is a celebration of the most inspirational and beautiful restaurant spaces on the contemporary scene. An introduction includes interviews with 11 of the world’s most influential interior designers, who talk about their design philosophy philosophy

Extendicare REIT Defends Itself Against Copycat Lawsuit

Extendicare Real Estate Investment Trust (Extendicare REIT) said claims made in a class action lawsuit filed today in the State of Wisconsin, Circuit Court, Milwaukee County against Extendicare Health Services, Inc., Extendicare Health Network, Inc. and Extendicare Homes, Inc. subsidiaries of Extendicare REIT, are incorrect and misleading. Extendicare will vigorously defend against the lawsuit in court. The lawsuit is brought as a class action under... 

Lowe Enterprises Selects Campus Advantage to Operate Significant Portfolio of Student Housing Properties

Lowe Enterprises, a diversified national real estate services organization, today announced it has selected Campus Advantage to take over operation of a prominent portfolio of student housing properties. Beginning in November of 2008 the properties will commence operations under a new name — The District. The four student housing properties, comprising one of the best known student housing portfolios in the industry, serve more than 4,100 students...