Hill International (NYSE:HIL – News), the global leader in managing construction risk, announced today that it has been awarded a contract by SEHA – Abu Dhabi Health Services Company PJSC to provide project management services during the construction of multiple healthcare facilities. The two-year contract has an estimated value to Hill of approximately $22.8 million. The projects, which have an estimated value of $290 million, include...
Ventas, Inc. that management will make a presentation regarding the Company at the Bank of America 2008 Credit Conference in Orlando, Florida on Friday, November 21, 2008, at 9:10 a.m. Eastern Time. The presentation will be audio-webcast and may be accessed through the Company’s website at www.ventasreit.com. Any written materials accompanying the presentation will also be available on the Company’s website at the time of the presentation. The...
Microfluidics International Corporation announced today that the Company has secured $5.0 million of financing via a convertible debenture from a strategic investor. “This financing provides significant working capital to support the Company’s strategic plan for growth, including research and development initiatives to bring new products and services to the market for our customers,” said Michael C. Ferrara, President and Chief Executive Officer...
Ramsey-Shilling Commercial Real Estate Services, Inc a full-service commercial real estate company based in Los Angeles, is pleased to announce Huntington Reproductive Center’s lease of 17,182 square feet of medical office space. This $9.4 million transaction has HRC part of the first and second floors at the Encino Arches, located at 15503 Ventura Boulevard in Encino, CA. Due to the lack of viable options for a large medical user, Ramsey-Shilling’s...
Big-D Construction Corporation today announced that ongoing success and growth have necessitated opening a regional office in Phoenix, Arizona. As the firm’s fifth regional office, Big-D Construction Southwest will serve its Arizona customers with innovative General Contracting, Design-Build and CMAR (Construction Management At-Risk) services. Founded by long-time business associates Jack Livingood, Hal White, Louie Sarracino, John Kane and Brent...
North Carolina-based Oaks Development Group announced closing on the construction loan for 2.1 acres at Pinnacles Park in Palm Coast, FL. Oaks will develop a planned medical office building on the property. SunTrust Bank in Cary, NC handled the loan closing for the project. Site work is scheduled to begin by the end of the year. Oaks is developing the 20,000-square-foot building using its unique ownership model that provides tenants with a piece of...
In a July 8, 2008 speech on the U.S. housing market, Treasury Secretary Henry M. Paulson, Jr. reported that 1.5 million foreclosures were started in 2007, and some economists estimate that about 2.5 million foreclosures will be started in 2008. By comparison, there were only 800,000 foreclosures in 2004. Those who happen to be among the unlucky ones, are living in a world of hurt and don’t need to be facing giant tax bills on top of losing...
Parsons has been awarded a $98 million construction contract from the Idaho Transportation Department for the U.S. 95 Sandpoint Byway. U.S. 95 is Idaho’s main north-south route, and the new byway will divert through-traffic around Sandpoint. Parsons will construct 2.1 miles of new two-lane and three-lane highway along the east side of Sand Creek, including a full interchange, a 3/4 interchange, three steel girder bridges, a steel arch girder bridge,...
San Francisco-based SMWM, one of America’s premier, award-winning women-owned architecture, urban design and planning practices, has joined forces with Perkins+Will, a global integrated design firm with 18 North American and 3 International offices. “Combining the knowledge, expertise and resources of two such professionally complementary and philosophically aligned firms will result in one of the most comprehensive, innovative and integrated...
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...