MMFX Technologies Corporation, an Irvine-based materials science company, announces completion of a $55 million commitment in secured debt financing and receipt of final funding that was contingent upon the startup of its Welland, Ontario, Canada steel mill facility. MMFX had previously received $27 million of the financing. Axiom Capital Management Inc. acted as the procuring agent for the transaction. MMFX Steel of Canada opened ahead of schedule...
Despite the concerns about the availability of credit, 75% of the commercial real estate executives surveyed said they would not be any less likely to construct “green” buildings. Green buildings are designed to be more efficient in their use of energy, water and other resources and to create better environments for occupants. In total, 754 commercial real estate executives were surveyed for Turner Construction Company’s 2008 Green...
Institutional Real Estate, Inc. (IREI), a publishing and consulting firm focused on serving the institutional property marketplace, has launched The Institutional Real Estate Letter – Asia Pacific at the Editorial Advisory Board meeting held in Kyoto, Japan, November 4–6. The first issue is scheduled for January 1, 2009. The publication will be a preeminent information source for Asian institutional real estate investors, including pension funds,...
Cubellis, an international architecture, interior design and engineering firm, is pleased to announce that Kate Haas, Interior Design, and Laura Hamilton, Interior Design, have successfully completed the LEED Professional Accreditation exam and are now registered LEED Accredited Professionals (LEED AP). LEED APs are building industry professionals who have demonstrated a thorough understanding of green building and the LEED® Green Building Rating...
nstitutional Real Estate, Inc. (IREI), a publishing and consulting firm focused on serving the institutional property marketplace, has launched The Institutional Real Estate Letter – Asia Pacific at the Editorial Advisory Board meeting held in Kyoto, Japan, November 4–6. The first issue is scheduled for January 1, 2009. The publication will be a preeminent information source for Asian institutional real estate investors, including pension funds,...
Honeywell announced today that Popular Science magazine has awarded a 2008 Best of What’s New Grand Award to hurricane-resistant curtains containing Honeywell’s high-strength Spectra® fiber. The curtains were named the top innovation in home technology. Honeywell’s Spectra fiber, commonly used in bullet-resistant body armor, enables the Storm-A-Rest(TM) curtains to protect windows and doors during hurricanes. Because it uses Spectra...
Cubellis, an international architecture, interior design and engineering firm, is pleased to announce that Annie Lee, IIDA, Senior Project Manager, Alice Hechavarria, Designer, and Amanda Gilbert, Designer, have successfully completed the LEED Professional Accreditation exam and are now registered LEED Accredited Professionals (LEED AP). LEED APs are building industry professionals who have demonstrated a thorough understanding of green building and...
Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the National Association of Realtors®. In the third quarter, 28 out of 152 metropolitan statistical areas(1) showed increases in median existing single-family home prices from the same quarter in 2007; four were unchanged and 120 metros...
The commercial real estate industry is suffering continued declines in activity across the nation, according to Environmental Data Resources (EDR) trend data published today. EDR’s ScoreKeeper State of the Market Report reported a 17% decline in the number of environmental site assessments conducted across the U.S. in the third quarter of 2008 compared to the same period last year. Because Phase I environmental site assessments (ESAs) are a standard...
-Autodesk, a leader in design software, announced a sponsorship of PechaKucha Nights, to support the design community and encourage designers to share their ideas and projects. PechaKucha Night –”PechaKucha” is Japanese for the sound of conversation — takes place in more than 150 cities around the world. PechaKucha Night, devised by Astrid Klein and Mark Dytham of Klein Dytham Architecture in Tokyo, was conceived in 2003 as...