California Luxury Home Values Decrease

California luxury home prices declined in the third quarter of 2008 from a year ago and from the second quarter of 2008, according to the First Republic Prestige Home Index(TM) by First Republic Bank, a leading provider of private banking, private business banking and wealth management services. In the quarter ended Sept. 30, 2008, the Index indicated the following: – Los Angeles area values fell 1.9% from the second quarter of 2008 and 4.2%... 

Dolce Hotels and Resorts Names Steven A. Rudnitsky President and CEO

In a move to build upon its achievements and further accelerate growth , Dolce Hotels and Resorts, a meetings-focused hospitality company based here that manages 23 hotels, resorts and meetings centers in the United States, Canada and Europe, has appointed industry veteran Steven A. Rudnitsky as president and chief executive officer, effective Dec. 8. Rudnitsky, who recently stepped down as president and chief executive officer of Wyndham Worldwide’s... 

Jacobs to Webcast Presentation to Financial Analysts

Jacobs Engineering Group Inc. announced that it will host a live Internet broadcast of its presentation to financial analysts in New York City on Tuesday, November 25, 2008. The presentation will focus on results for Fiscal Year 2008 and the outlook for Fiscal Year 2009. Interested parties can view slides and listen to the presentation, which begins at 8:00 a.m. Eastern Time, by logging onto the Internet at http://www.jacobs.com. An archived version... 

Two-Time Inc. 5000 Award Recipient Kiely Equipment Co. Continues Growth Despite a Weak Economy

Two-time Inc. 5000 Award Recipient Kiely Equipment Co. continues growth despite a weak economy. Kiely Equipment Co. is being recognized by Inc. Magazine for the second year in a row as one of the fastest-growing private companies in America with a three-year growth rate of 363%. The award recognizes the fastest-growing privately held companies in the United States. “The Inc. 5000 provides the most comprehensive look ever at the most important... 

Thomas Properties Group Seeks to Compel Funding of Credit Facility by Lehman Brothers Holdings, Inc.

Thomas Properties Group, Inc. announced today that its affiliate, TPG-Austin Portfolio Holdings LLC (TPG-Austin), for which TPGI serves as the manager, has filed a motion with the U.S. Bankruptcy Court for the Southern District of New York (the Court) in the bankruptcy case of Lehman Brothers Holdings, Inc., et al. (Lehman Brothers). “Through this motion, we are seeking to compel Lehman Brothers to accept and honor its obligation to fund the $100... 

LEEDing the Charge: Downtown Seattles 901 Fifth Avenue Building Achieves LEED-EB SilverTM Certification

RREEF Real Estate and Kennedy Wilson today announced that 901 Fifth Avenue in Seattle, WA, a 41-story 558,607 sq. ft office tower has achieved LEED-EB™ (existing building) Silver certification. The certification marks the completion of one of the largest environmental retrofits in the industry for an existing property and Seattle’s first full city block targeting LEED certification. The new ownership and management of Seattle’s 901 Fifth Avenue... 

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... 

Matrix Services CEO Michael Bradley to Speak at Stephens Fall Investment Conference in New York

Matrix Service Co. a leading industrial services company, today announced that Chief Executive Officer Michael J. Bradley will present at Stephens Fall Investment Conference to be held in New York at the Palace Hotel on November 18 and 19, 2008. Matrix Service’s presentation is scheduled to take place on Tuesday, November 18th at 1:30pm eastern in Holmes I. Interested parties can listen to the presentation via Webcast by visiting the Investor... 

DRA CRT Acquisition Corp. (formerly CRT Properties Inc.) Declares Quarterly Dividend for Preferred Shareholders

The Board of Directors of DRA CRT Acquisition Corp. (the “Company”, formerly CRT Properties Inc.), declared a regular quarterly cash dividend payment of $0.53125 per share on its 8.5% Series A Cumulative Redeemable Preferred stock to be paid on December 15, 2008 to shareholders of record on December 1, 2008. The Company’s 8.5% Series A Cumulative Redeemable Preferred Stock has been listed on the Pink Sheets, a centralized quotation service that... 

South Koreas Songdo International Business District Sets Global Standard as Eco-City

New international standards are being set by Gale International in sustainable building design, systems engineering, and urban infrastructure and planning with Songdo International Business District (IBD), a new city currently under construction off Incheon, South Korea, on the Yellow Sea. Songdo IBD is a joint venture between Gale International and Posco Engineering & Construction and is the largest private development in the world. Songdo IBD,...