Brookfield Properties Renews 717,000-Square-Foot Lease with Imperial Oil in Calgary

Brookfield Properties Corporation and its Canadian-based subsidiary, BPO Properties Ltd., announced that Imperial Oil has renewed its lease and expanded its premises by 83,670 square feet at Fifth Avenue Place in Calgary. Imperial Oil currently leases 633,000 square feet at the 1.7-million-square-foot office complex, which is now 100% leased. With the expansion, the new lease is for 717,000 square feet, expiring in April 2016. “Imperial Oil’s... 

Viewpoint V6 Software® Product Now Available for Canadian Commercial Contractors

Viewpoint Construction Software™, a leader in software for the construction industry, today introduced the release of a fully localized version of its flagship construction enterprise software solution, Viewpoint V6 Software®, developed and designed to meet the specific needs of mid- to large-volume commercial contractors in Canada. Viewpoint Construction Software announced today, at Construct Canada in Toronto, the release of Viewpoint V6 Software... 

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... 

Court Grants Kobra Properties Early Motions Designed to Pay Employees, Maintain Operations

U.S. Bankruptcy Judge Michael S. McManus yesterday granted most of Kobra Properties’ “first day” motions allowing the company and its related entities to operate on a business as usual basis as it works to restructure under Chapter 11. Kobra’s related restaurant operations are not affected by its Chapter 11 filing. “Judge McManus’ ruling is a positive step toward reorganizing Kobra for the benefit of its creditors and the protection of... 

Kobra Properties Files for Chapter 11 Protection, Vows to Emerge Even Stronger

Kobra Properties, a real estate development company, based in Roseville, California, has filed for protection through Chapter 11 reorganization, saying the move was needed to honor its financial obligations, protect its employees and restructure the company so it emerges even stronger. Company officials said the action comes in response to the worsening economic recession, a depressed real estate market and the tightening and tumultuous credit industry,... 

The Allen Group to Develop a Build-to-Suit Container Yard at Dallas Logistics Hub

The Allen Group, developers of the Dallas Logistics Hub (DLH), a 6,000-acre multi-modal logistics park in Southern Dallas County, announced today an execution of a lease with Bridge Terminal Transport (BTT), one of the largest marine container haulers covering all major port locations and inland rail sites within the United States. BTT is a market leader in worldwide container services, agency, logistics and terminal activities. The company will relocate... 

ACPT Announces Temporary Amendment of Sales Agreement With Lennar, and Agrees to Sell Interest in Joint Venture; Declares Dividend

American Community Properties Trust announced today that it has reached agreement on a third amendment to the Company’s sales agreement with Lennar Corp., and has sold its interest in a joint venture to the homebuilding company. The Company also announced that its Board of Trustees authorized a cash dividend of $0.10 per share on common shares outstanding. The dividend will be payable on December 29, 2008 to shareholders of record on December... 

AT&T Unwraps New Store Design in Warwick

AT&T Inc.is providing customers in Rhode Island a new way to experience and shop for wireless communications and entertainment services at its new cutting-edge store in Warwick. This store, located in the Warwick Mall is the only one of its kind in Rhode Island. “We are thrilled to have our new store ready for the holidays,” said Steve Krom, vice president and general manager of AT&T in New England. “Our customers crave new... 

Fluor Announces Plan to Relocate UK Operations Centre

Fluor Corporation announced today that it signed a contract to relocate its current UK headquarters and operations centre to SEGRO’s IQ Farnborough development in Hampshire. Financial terms of the transaction were not disclosed. The real estate contract with SEGRO is to build a new company headquarters with a state-of-the art, four-building complex comprising approximately 210,000 square feet. The new headquarters will consist of one building of... 

Tough but Successful First Year for the Tenancy Deposit Scheme

The first year of operations for the Tenancy Deposit Scheme proved tough due to the very tight inaugural deadlines. However, it was successful and had nearly half a billion pounds in deposits covered and 2,000 disputes resolved. This is shown in the Annual Report of The Dispute Service published, Tuesday 25 November. The Dispute Service is the not-for-profit organisation responsible for the Tenancy Deposit Scheme. It also runs the independent complaints...