Mayor Chuck Reed Presents Inaugural San Jose Prize for Green Vision Innovation to Winners of California Clean Tech Open

San Jose Mayor Chuck Reed at a press conference today announced that the inaugural San Jose Prize for Green Vision Innovation will be awarded to the 2008 California Clean Tech Open winners. Announced last night at the Clean Tech Open’s third annual awards gala, the winners and runners up include: Over the Moon Diapers, Viridis Earth, BottleStone, Focal Point Energy, Power Assure, ElectraDrive, Porifera, NexChem, GroundSource Geo, Solar Red,... 

URDANG and Onyx Equities Sell White Plains, NY, Office Building for $82 Million

URDANG, part of BNY Mellon Asset Management, and Onyx Equities, LLC, have completed the sale of a 320,000-square-foot office building in White Plains, New York, for $81,775,000. The multi-tenant, fully occupied building at 1311 Mamaroneck Avenue had been part of the URDANG Value-Added Fund, L.P. portfolio, a real estate investment vehicle formed by URDANG Capital Management, Inc. to acquire a portfolio of value-added properties located throughout... 

Universal Forest Products Western Division President Pat Webster to Become President and COO

Michael B. Glenn, president and chief executive officer of Universal Forest Products, Inc. announced the appointment of Pat Webster, president of Universal Western Division and a 24-year veteran of the Company, as president and chief operating officer of the corporation, effective January 1, 2009. Webster will be succeeded in the West by Dick Frazier, a former regional vice president who has been with Universal for 23 years. The appointments were... 

Groundbreaking Held for University Medical Center of Princeton at Plainsboro

In the next three years, over 7.2 million pounds of structural steel will be erected, 360,000 cubic feet of concrete will be placed and 250,000 sheets of gypsum drywall will be set on a jobsite in Plainsboro, New Jersey to complete a state-of-the-art healthcare facility that will revolutionize the way patients receive healthcare. Today, Princeton HealthCare System held the groundbreaking ceremony to mark beginning of construction for University Medical... 

American Realty Capital Enhances Account Management Services and Client Support through Conversion to State-of-the-Art Recordkeeping Platform

American Realty Capital announced today that it has completed the transition of recordkeeping for its real estate investment trust (REIT) products to DST Systems, Inc., the largest, third-party mutual fund shareholder recordkeeping service in the United States. The move will provide financial advisors and investors with comprehensive investment support; including 24/7 web-based account management services and an advanced transfer agency and recordkeeping... 

Urban Restaurant and Retail Marketplace Plans to Open in Summer 2009

U.S. Equities Realty, a leading full-service commercial real estate firm, announced today that it is beginning construction on MetraMarket. Connected to the Ogilvie Transportation Center in the West Loop, MetraMarket is a 100,000-square-foot restaurant and retail development that will enliven the area through its eclectic mix of dining and shopping options. Several of MetraMarket’s tenants are scheduled to open in summer 2009. MetraMarket will... 

Parkway Properties Announces Sale of Columbia, South Carolina Asset

Parkway Properties, Inc. announced the closing of the fee simple sale of the Capitol Center office property, located in Columbia, South Carolina. Capitol Center is a 460,000 square foot property that was 97.5% occupied as of September 1, 2008. The gross sales price was $47.5 million and represents a capitalization rate of approximately 9.5% on twelve months projected cash net operating income from the date of closing. Parkway received net cash proceeds... 

HFF Arranges $90 Million Construction Loan for Archstone Avenir in Boston

The Boston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced that they arranged a $90 million construction loan for the development of Archstone Avenir, a 241-unit multifamily community in Boston, Massachusetts. HFF executive managing director Jody Thornton, director Anthony Cutone and associate director John Ahmed worked exclusively on behalf of Archstone to secure the 36-month construction loan through NEBF Investments (National... 

A&B Properties Sells Texas Shopping Center

A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc., has sold Boardwalk Shopping Center – a 184,600 square-foot retail center on 21 acres in Round Rock, Texas – to affiliates of Gemini Real Estate Advisors, LLC. The transaction closed August 21st. A&B Properties will invest a portion of the proceeds in a previously acquired logistics warehouse facility in Savannah, Georgia, with the balance to be reinvested... 

THE CITY’S MOST LUXURIOUS BOUTIQUE HOTEL OPENS IN SEPTEMBER 2008

Following extensive 16 months renovation, The Club at The Saujana Kuala Lumpur is finally ready for its opening on 1st September 2008. This marks the welcoming of the city’s finest and most luxurious boutique hotel. Having been just accepted to become a member of The Leading Hotels of the World (LHW), this 105-rooms boutique resort will offer five-star service standards and an array of complimentary amenities that aims to set The Club at The Saujana...