Austins AIC Ventures Closes 100th Acquisition, Prepares for More

Austin, Texas-based AIC Ventures, L.P., an investment fund manager providing alternative finance solutions to middle-market companies across the United States through office and industrial sale-leasebacks, is celebrating its 100th real estate acquisition. Founded in 1990, the firm’s total transaction value is nearly $1 billion. “Over the past 20 years we’ve seen an increasing demand for sale-leasebacks as a strategic capital solution for middle-market... 

Westaff Announces New Relationship With SIRVA, Inc.

Westaff, Inc. (NASDAQ:WSTF), a leading provider of staffing services, announced today that it has established a staffing relationship with SIRVA, Inc. Under the terms of the agreement, Westaff will act as a single source provider by centralizing and managing SIRVA’s contingent staffing program. As part of the staffing portfolio, Westaff will be providing in-depth recruiting and placement for SIRVA’s administrative, clerical and information technology... 

Bill Hood Appointed Office Principal in Bakers Cary Office

Michael Baker Engineering, Inc., an engineering unit of Michael Baker Corporation (NYSE Alternext US:BKR) announced that Bill Hood, P.E., RLA, LEED AP, has been appointed office principal for Baker’s Cary, North Carolina, office. He will be responsible for operations management, office administration, financial management, project oversight and business development for all of Baker’s activities in Cary. Hood’s extensive experience with... 

T. Rowe Price Introduces Two New Global Strategies

T. Rowe Price (Nasdaq: TROW ) has expanded its global investment opportunities by launching the Global Large-Cap and Global Real Estate strategies. Individual and institutional investors can invest in the strategies through a retail fund and institutional strategy. Additionally, Advisor Class shares are available through financial intermediaries. The Global Large-Cap and Global Real Estate strategies will employ the firm’s demonstrated expertise... 

S&P Launches Condo Indices; Adds Seasonally-Adjusted Data to its Suite of S&P/Case-Shiller Home Prices Indices

Standard & Poor’s, the world’s leading index provider and publisher of the widely followed S&P/Case-Shiller Home Price Indices, announced today that it will launch new indices designed to track condominium prices in five major metropolitan areas in the United States — Boston, Chicago, Los Angeles, New York and San Francisco. Standard & Poor’s also announced that it will publish seasonally-adjusted versions of the... 

Papa Bello Sells Area Development Rights for Shanghai, China

Papa Bello Enterprises (Pink Sheets: PAPA) is pleased to announce the sale of area development rights for the city of Shanghai in the Peoples Republic of China to partners Mr. Zhiqing Ma and Mrs. Hsiao (Cathy) Endy. Under the terms of the agreement, a minimum growth of 60 units is contracted for the region. Construction on the first restaurant is underway, with an opening date scheduled before the end of 2008. The upscale, 8,000 square foot store... 

Intrinsyc Software International, Inc.: Leading Device Maker Selects Destinator for Consumer Smartphone

Intrinsyc Software International, Inc. (Toronto:ICS.TO), a leading provider of software solutions for device development, today announced the signing of a software license agreement with a leading mobile phone and consumer device manufacturer to deliver turn-by-turn Destinator® navigation software for use on a Windows Mobile consumer smartphone. The GPS-enabled handset is currently shipping in Brazil with additional phones soon to be released in... 

$12.5 Million Letter of Credit From Wal-Mart Foundation to Expedite Construction of Martin Luther King, Jr. National Memorial

The leadership of the Washington, DC Martin Luther King, Jr. National Memorial Project Foundation, Inc. announced today that Wal-Mart Stores, Inc., through the Wal-Mart Foundation has provided a $12.5 million letter of credit which will expedite the beginning of physical construction of the memorial. The Wal-Mart Foundation’s latest effort is in addition to the $1 million donation it made in 2005. The generous support provided by Wal-Mart allows... 

U.S. Army, Chevron and Keenan Development Receive 2008 National Council for Public-Private Partnerships’ Infrastructure Award

The National Council for Public-Private Partnerships (NCPPP) announced today it has selected the U.S. Army’s Enhanced-use Leasing Program, Chevron Energy Solutions and Keenan Development to receive the council’s 2008 Infrastructure Award. The award recognizes outstanding leadership and an exemplary enhanced-use leasing project that illustrates the best practices and innovative approaches in the use of public-private partnerships (PPPs). The... 

Runways to Open at Dulles, OHare and Sea-Tac

Airports Council International–North America (ACI-NA) applauded the opening of three new runways at major hub airports this week, and commended the airports and the Bush Administration for helping to reduce delays and increase aviation efficiency and capacity. Dulles, O’Hare and Seattle-Tacoma International Airports all celebrate new runway openings on November 20. Department of Transportation Secretary Mary Peters and Acting Federal Aviation...