Echelon and ROMlight Smart Lighting System Reduces Energy Use

Echelon Corporation and ROMlight International, Inc. announced the first installation in Canada of a high bay lighting system featuring LonWorks® control networking technology to provide smart, two-way communicating lights. The new solution installed at the Kelly Western Services Ltd. aircraft hangar in Winnipeg uses energy efficient, individually dimmable lights to cut energy use by over 60 percent, or over 250,000 kWh per year. Combined with rebate... 

7-Eleven Plans Aggressive Expansion

While many retailers are contracting or limiting expansion, 7-Eleven is aggressively growing and expects to add more than 200 new stores this year. Plans call for the company to accelerate store development over the next several years through organic growth, acquisitions and its Business Conversion Program. 7-Eleven has a multi-pronged approach to growth that includes in-line, end-cap space in shopping centers, freestanding stores, urban locations... 

Office Depot is First Retailer to Receive LEED Gold Certification from U.S. Green Building Council

Office Depot, a leading global provider of office products and services, today announced that its “Green” retail store prototype has received a Leadership in Energy and Environmental Design (LEED) Gold Certification from the U.S. Green Building Council (USGBC). The USGBC’s LEED system is widely recognized as the benchmark for green building design, construction, operations and maintenance. Office Depot received the Gold Rating for the Company’s... 

The Landmark Plaza Wins New York Region’s Prestigious 2008 “Restoration / Renovation of the Year”

The iconic Plaza at the intersection of Central Park South and Fifth Avenue has been selected as the tri-state region’s 2008 Renovation Project of the Year by New York Construction magazine, the authoritative industry monthly published by McGraw-Hill. The publication cited the outstanding three-year, $400 million, lobby-to-roof restoration of the legendary landmark. Miki Naftali, President and CEO of El-Ad Group, owner of the storied castle on the... 

MVRDV wins Gwanggyo City Centre Competition, near Seoul, South Korea

The Daewoo Consortium and the municipality of Gwanggyo announced the MVRDV concept design for a dense city centre winner of the developer’s competition for the future new town of Gwanggyo, located 35km south of the Korean capital Seoul. The plan consists of a series of overgrown hill shaped buildings with great programmatic diversity, aiming for high urban density and encouragement of further developments around this so-called ‘Power Centre’,... 

Pearl Dubai Awards AED8.85 Billion Construction Contract to Al Habtoor Leighton Group

Pearl Dubai FZ LLC, one of the UAE’s leading real estate developers, has awarded an AED8.85 billion (US $2.4 billion) main contract for the construction of its iconic Dubai Pearl project, to the Al Habtoor Leighton Group, the UAE’s largest construction group. The deal is the largest single contract of its kind in the region and arguably one of the largest in the world for a real estate project. Construction is due to begin in January 2009. “While... 

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... 

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... 

On the Cusp of Black Friday, Colliers International Issues Semi-Annual Retail Report, Showing Marked Weakness in Retail Real Estate as 2009 Approaches

The U.S. retail market has undergone a sea change not experienced in this country since the early 1980s, according to the bi-annual Retail Real Estate Report issued today by Colliers International, a leading global real estate services firm. Due to recessionary conditions, retail real estate will be significantly afflicted for the remainder of this year and well into 2009, according to Colliers. Several reasons drive this monumental slowdown in retail... 

Nexia Closes $2.15 Million Real Estate Sale

Nexia Holdings, Inc. announced that its subsidiary Wasatch Capital Corporation closed upon the sale of the Wallace/Bennett Buildings located at 59 West 100 South, Salt Lake City, Utah. The total sales price was $2,150,000. Wasatch owed approximately $1,145,000. CEO Richard Surber stated, “The sale of the historic property will provide much needed liquidity to propel Nexia forward with its future plans. The cash proceeds may be spent to accomplish...