The Guardian Life Insurance Company of America (Guardian), has agreed to purchase a major interest in the real estate services and investment firm of Kennedy Wilson. The announcement came today from William McMorrow, chairman of Kennedy Wilson and Thomas Sorell, Executive Vice President & Chief Investment Officer of Guardian. Under the terms of the transaction, Guardian will purchase $30 million of convertible subordinated debt in Kennedy Wilson....
PMC Commercial Trust, a real estate investment trust, announced today that its Board of Trust Managers has authorized a repurchase of its shares of common beneficial interest over the next two years of up to $10 million pursuant to a Rule 10b-18/10b5-1 Repurchase Plan. The Company will commence repurchasing common shares of its beneficial interest following the expiration of its normal blackout period, which will occur after its third quarter earnings...
Weingarten Realty Investors announced that iconic Houston restaurateurs Tony and Jeff Vallone will open a new signature bistro and wine bar at River Oaks Shopping Center in early fall 2009. The yet-to-be-named Italian restaurant and wine bar will be a highlight of the newly redeveloped northwest corner of the center, located at the intersection of Shepherd and West Gray. Featuring a first-floor dining room and outdoor dining area and a second level...
Digital Realty Trust, Inc., the leading owner and manager of corporate and Internet gateway datacentres, has completed a Turn-Key Datacentre(TM) lease agreement with IBM. Under this agreement, IBM will establish a new hosting datacentre in Digital Realty Trust’s property located in suburban Paris. “IBM understands the value of green datacentre design both in terms of the impact on the bottom line and its importance for corporate responsibility....
Behringer Harvard announced today that it has expanded its global presence with the acquisition of seven additional assets in Central Europe via Wenceslas Behringer Ltd., a joint venture between Behringer Harvard Opportunity REIT I, Inc. and St. Wenceslas Property Fund, which was formed in July 2008. The new acquisitions include a retail property in Hungary, five retail properties in the Czech Republic and a Czech logistics facility. These properties...
Kite Realty Group Trust announced the pricing of its public offering of 4,750,000 newly issued common shares at $10.55 per share. The offering was increased in size from the originally contemplated 3,000,000 shares. The Company has granted the underwriters an option to purchase up to an additional 712,500 shares during the next 30 days to cover over-allotments, if any. The Company estimates that the net proceeds from this offering, before offering...
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...
Washington Real Estate Investment Trust announced today that it has executed two leases totaling 154,000 square feet at Dulles Station West, Phase I. The 180,000 square foot, Class A office building located in Herndon, Virginia was delivered in the third quarter of 2007. IBM (NYSE: IBM – News) will occupy 123,000 square feet and National Student Clearinghouse will occupy 31,000 square feet, resulting in an 86% occupancy rate. National Student...
Lanesborough Real Estate Investment Trust announced today a distribution of $0.04667 per unit ($0.56 per unit on an annualized basis) for the month of September 2008. Payment will be made on October 15, 2008 to the Unitholders of record as of September 30, 2008. LREIT is a real estate investment trust, which is listed on the Toronto Stock Exchange under the symbols LRT.UN (trust units), LRT.DB.F and LRT.DB.G (convertible debentures). The objective...
General Growth Properties, Inc. announced another closing today as part of the staged funding of its $1.75 billion secured portfolio facility. This brings the total amount outstanding under the facility to $1.51 billion, thereby exceeding the funding level necessary to eliminate the reserve requirement and terminate any possibility that the Company would be obligated to make partial prepayments under the facility. The Company increased the initial...
The Contour Lounge Chair by Murillo
Murillo, the Philippines based manufacturer has been involved in manufacturing furniture and...
Contemporary Office Designs from Triple Five Design
Looking for modern interior inspiration for your office, here we got some preview of the contemporary...
The Gallery House designed by architect Richard Librach
Today’s modern house inspiration is coming from Richard Librach Architect, Toronto-based...
The Riedel Amadeo Decanter from Williams-Sonoma
Williams-Sonoma, the company that serves cookware, cooks stool, cutlery, electrics, bakeware,...
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