KUD International Developed Waldorf=Astoria to Open
The Bonnet Creek Resort adjacent to Walt Disney World, featuring a 500-room Waldorf=Astoria, a 1,000-room Hilton Hotel and a Rees Jones signature golf course, celebrates its grand opening November 12. The 428-acre project, developed by KUD International LLC, headquartered in Long Beach, Calif., also features a 249,000-square-foot conference center and a 25,000-square-foot Guerlain spa. Key elements of the Manhattan Waldorf=Astoria were recreated...
The Luxury Carlyle Residences
The affluent consumer market is on the rise. The Luxury Consumption Index (LCI) shows that consumer confidence is increasing, as the average dollars spent on luxury goods is up ytd and from first quarter to second quarter of this year. Buyers, brokers and developers alike express optimism, forecasting that the more than two-year decline in homes sales is over and that the consumer market is emerging from the recession, putting purchasing power back...
Aqua Tower, Chicago by STUDIO GANG ARCHITECTS
In an increasingly dense city like Chicago, views from a new tower must be negotiated between existing buildings. Aqua tower considers criteria such as views, solar shading and function to derive a vertical system of contours that gives the structure its sculptural form. Its vertical topography is defined by its outdoor terraces that gradually change in plan over the length of the tower. These terraces offer a strong connection to the outdoors and...
Alternative Construction Technologies, Inc., Files Suit Against Investors in Federal Court
Alternative Construction Technologies, Inc. announced that it has filed a complaint against Roswell Capital Partners and Centre Court Asset Management, along with their respective funds, BridgePointe Master Fund, Ltd., CAMOFI Master LDC, and CAMHZN Master LDC in New York Federal Court. The Company seeks a declaratory judgment against the Investors for alleged breach of contract and breach of fiduciary responsibilities by committing violations of...
Kimball Hill Homes Suspends New Construction Starts
Kimball Hill Homes today announced that as a result of the severe economic downturn and escalating turmoil in the credit markets, the Company has made the difficult decision to begin the wind-down of its operations with efforts to facilitate a sale of its business or a bulk sale of its assets to continue during this period. The Company also filed its Chapter 11 plan, which is supported by the official committee of unsecured creditors and the Company’s...
Starwood Land Ventures Forms Joint Venture with Cold River Development Inc.
Starwood Land Ventures announces the formation of CoStar Land LLC, a joint venture partnership established to channel $75 million toward development opportunities in the 23-county Atlanta metro service area. CoStar marries the strengths of Starwood Land Ventures and Cold River Development, a holding company whose subsidiaries specialize in land development in Georgia and the Carolinas. “This is an exciting joint venture arrangement because it...
SouthWest Water Company Provides Update on Corporate Developments
SouthWest Water Company, a leading provider of water, wastewater and public works services, today said that it has received an extension from the syndicate of lenders for its credit facility with regard to reporting financial results for the 2008 third quarter, and as a result, continues to have full access to the $150 million credit facility for general corporate purposes. On November 10, 2008, the company announced that it would delay the filing...
Grubb & Ellis Company Forms Financial Services Asset Management Practice to Help Clients Create Value in Current Environment
Grubb & Ellis Company, a leading real estate services and investment firm, today announced that it has formed the Financial Services Asset Management Practice designed to provide critical services to financial institutions, special servicers and government agencies dealing with challenged real estate and mortgage assets. “The current environment is placing significant stress on a variety of our clients who are managing real estate debt as...
SoCal Fires Strike Those Who Often Reject Insurance
Mobile home owners and renters often choose to go without property insurance, potentially exposing them to catastrophic losses such as those suffered in Southern California’s weekend firestorms. Nearly 500 manufactured homes and more than 80 apartments were destroyed in the fires. While it’s unclear how many were uninsured, about 82,000 – or 25 percent — of the state’s mobile homes don’t carry insurance, according to a Sacramento Bee...
Stonegate Mortgage Corporation Hires Cori Drudge as Loan Originator
Stonegate Mortgage Corporation is pleased to announce the hiring of Cori Drudge as a Loan Originator for their Fishers, Indiana office. Prior to joining Stonegate Mortgage, Mr. Drudge was the former President of The Mortgage Shop, specializing in new home purchases, new construction, and financial analysis for refinance transactions. Cori will be actively involved in mortgage loan production at Stonegate Mortgage Corporation. “Cori is a great...
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Mobile Solar Power Generator
Mobile Solar Power manufactures a range of portable solar-powered generators that integrate...
Baltix Recycled and Biobased Content Office Furniture
Baltix commercial furniture is made with a wide range of green materials, including waste-agricultural-fiber...
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