Skanska to Adapt Organization to Anticipated Volume Decline in Nordic Market

Tuesday, November 25th 2008

Regulatory News: The measures to adapt workforce are expected to affect 2,000 employees in Sweden and 1,400 in the remainder of the Nordic region at a cost of approximately SEK 600 M. In Skanska’s (STO:SKAB) Nine Month Report for 2008, the Group announced that several construction and residential development markets are weakening. A review of the current order backlog and anticipated order bookings has indicated a volume decline of about 15 percent... 

Beacon Redevelopment Industrial Corporation Reviews Initial Consultation Regarding its Natural Gas Rights and Reserves

Tuesday, November 25th 2008

Beacon Redevelopment Industrial Corporation has reviewed a summary of its initial consultation regarding its natural gas rights of its Westmoreland property. Beacon, along with its geological consultants, are continuing the evaluation of the company’s resources at that location. The initial review revealed that it appears there may be a more feasible way to install modern gas well operations on the Westmoreland Glass Factory site in Grapeville,... 

Prime Equine Property Now Available in Texas

Tuesday, November 25th 2008

If you love horses and have ever wanted to own a first-class facility for horse operations, you won’t want to miss the 180 acre Double Diamond Ranch Equestrian Center and Equine Breeding Center – a state of the art equine sales, breeding, boarding, and training facility fully outfitted to fulfill your every dream and currently being offered for sale through Kuper Sotheby’s International Realty. Located in the beautiful Texas Hill... 

Trikona Group Announces Appointment of His Highness Maharaja Gajsinghji of Jodhpur as Chairman of Apodis Hospitality

Tuesday, November 25th 2008

Trikona Group, which contributes to India’s growth in a socially aware manner by creating new asset classes around real estate and infrastructure, today announced that HHM Gajsinghji of Jodhpur, a leading hotelier in India, has been named Chairman of Apodis Hospitality, the hospitality company affiliated with the Trikona Group. As president of the 150 member Indian Heritage Hotels Association, Gajsinghji has helped shape the hospitality and tourism... 

Most Home Corp. Enters into Letter of Intent With DataVision to Sell Netupdate

Tuesday, November 25th 2008

Most Home Corp. announced it has entered into a non-binding letter of intent with DataVision Inc., of Mishawaka, Indiana, to sell all or substantially all of the operating assets of its wholly owned subsidiary, Netupdate Inc., a developer of leading technologies for mortgage lenders. The parties to the letter of intent expect to enter into a definitive agreement, subject to customary due diligence, on or about January 1, 2009. The sale of Netupdate... 

Camden Property Trust Announces Fourth Quarter 2008 Dividend

Tuesday, November 25th 2008

The Board of Trust Managers of Camden Property Trust declared a fourth quarter dividend of $0.70 per share to holders of record as of December 4, 2008 of its Common Shares of Beneficial Interest. The dividend is to be paid on January 2, 2009. Ric Campo, Camden’s Chairman and Chief Executive Officer, stated that “with all of the uncertainty in the financial markets, many analysts and shareholders have asked questions about possible changes in... 

AMB Property Corporation(R) Leases 590,000 SF in Toronto, Stabilizing 1.1 Million SF Development

Tuesday, November 25th 2008

AMB Property Corporation®, a leading global developer and owner of industrial real estate, announced it has leased more than 590,000 square feet (54,800 square meters) to a wholly-owned subsidiary of a Fortune 100 company, stabilizing its more than 1.1 million square foot (104,300 square meter) development in the Greater Toronto Area (GTA) West submarket. “The fact that AMB has fully leased a 1.1 million square foot development six months ahead... 

Binswanger Brokers $4.8M Property Sale to Sumner County Board of Education in Gallatin, TN

Tuesday, November 25th 2008

On behalf of the seller, Fleetwood Homes of Tennessee, Inc., Binswanger is pleased to announce the multi-million dollar sale of a 184,845 sq. ft. building with acreage to Sumner County of Tennessee Board of Education. The property is located at 1500 Airport Road in Gallatin, Tennessee. The buyer, Sumner County of Tennessee Board of Education, plans to utilize the facility for their school bus maintenance operations. Fleetwood Homes of Tennessee’s... 

RedBrick Signs Development Deal for 50 Cafes in Delaware and Maryland

Tuesday, November 25th 2008

RedBrick Pizza Worldwide, Inc. has announced the signing of a new Development Agreement with Eat Inc., which grants the Maryland company exclusive rights to develop up to 50 RedBrick Cafes in Delaware and Maryland. “We are thrilled to expand in the Northeast with Eat Inc., a company that has tremendous experience in the fast-casual restaurant business,” RedBrick Pizza Worldwide, Inc. President Jim Minidis said. “RedBrick Pizza’s... 

Cavalier Names Tesney President and CEO

Tuesday, November 25th 2008

Cavalier Homes, Inc. announced that its Board of Directors has appointed Bobby Tesney President and Chief Executive Officer of the Company. In August, Tesney assumed these positions on an interim basis pending the retention of a permanent President and Chief Executive Officer. With this action, the Board has concluded its executive search. Commenting on the announcement, Barry B. Donnell, Chairman of the Board, said, “We are pleased with the...