Miller Electric Mfg. Co. to Cut 95 Jobs

Miller Electric Mfg. Co. today announced plans to eliminate 95 jobs, or approximately six percent of its 1,500-person workforce. This reduction is in response to the current national economic situation and the corresponding slowdown in demand for Miller’s commercial and industrial products. Miller is a leading manufacturer of arc welding and plasma cutting equipment for industrial, construction, motorsports, farm/ranch and home-hobby use. The company... 

Despite Economy, Study Reveals Greening of Building Portfolios Remains a Priority for Commercial Real Estate Industry

Despite a faltering economy, commercial building owners are continuing to allocate funds and resources to green their portfolios. According to the “2008 Green Survey: Existing Buildings,” the second annual national survey of the commercial real estate sector, more than 80 percent of respondents have allocated funds to green initiatives this year. In addition, 45 percent said that their sustainability investment will increase in 2009. Findings... 

Griffin Announces Quarterly Dividend

Griffin Land & Nurseries, Inc. announced today that its Board of Directors had declared a quarterly cash dividend of $0.10 per share on Griffin’s common stock. The dividend is payable on December 9, 2008 to holders of record at the close of business on December 2, 2008. Griffin operates a real estate business, Griffin Land, and Imperial Nurseries, Inc., its landscape nursery business. Griffin also has investments in Centaur Media, plc, a... 

Guardian Management LLC Signs Agreement to Acquire Atherton-Newport Assets in Excess of 4,000 Multifamily Units

Guardian Management LLC (Guardian), a Pacific Northwest real estate investment and asset management firm specializing in multifamily housing investments, has signed preliminary agreements to acquire the real estate portfolio of Atherton-Newport Investments (ANI). ANI is a multifamily housing firm, based in Orange County California, which has been working under Chapter 11 reorganization since January. The assets to be acquired by Guardian include more... 

AMB Property Corporation(R) Stabilizes Lyon, France Development With 264,000 SF Lease

AMB Property Corporation, a leading global developer and owner of industrial real estate, announced it has stabilized its AMB Isle d’Abeau Logistics Park C development in Lyon, France with a 264,000 square foot (24,500 square meter) lease agreement with Wincanton, a leading European supply chain solutions provider. Lyon is France’s second largest metropolitan area and the primary distribution hub for goods entering Europe via the port... 

MMFX Technologies Corporation Starts Mill and Completes Institutional Funding

MMFX Technologies Corporation, an Irvine-based materials science company, announces completion of a $55 million commitment in secured debt financing and receipt of final funding that was contingent upon the startup of its Welland, Ontario, Canada steel mill facility. MMFX had previously received $27 million of the financing. Axiom Capital Management Inc. acted as the procuring agent for the transaction. MMFX Steel of Canada opened ahead of schedule... 

Revitalization Presses Forward on Jekyll Island, GA, First Redeveloped Condominium Hotel Opens Doors This Week

Although real estate development has stagnated in most parts of the country, it’s moving ahead rapidly on Jekyll Island, Georgia. In October, the board of directors for the Jekyll Island Authority approved revitalization plans for the island paradise, and this week Jekyll Oceanfront Resort becomes the first redeveloped condominium hotel to open its doors to owners and guests on this state-owned barrier island. ADVERTISEMENT “During the... 

Consumer Education Services, Inc. Releases Top Four Ways to Protect Money in Current Economic Environment

As the economy continues to decline and more consumers find themselves affected by the credit crunch, many are wondering how they can protect themselves and be smart with their money. Consumer Education Services, Inc. (CESI), a nonprofit consumer credit counseling service, has released a list of four ways consumers can protect their money in the current economic environment. 1. Plan ahead The most important thing you can do with your money in any... 

New Publication From Institutional Real Estate, Inc. to Cover Asian Institutional Property Markets

Institutional 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,... 

New Publication From Institutional Real Estate, Inc. to Cover Asian Institutional Property Markets

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,...