Signaling its intent to step-up acquisition efforts, Watt Companies has added two seasoned executives to lead the firm’s acquisition activities, with a focus on office opportunities and retail development. John Lee has joined Watt Realty Advisors as Vice President with responsibility for office acquisitions and brings significant experience with major firms in California as well as Texas. Kenneth Hira joins Watt Commercial Properties to reload their...
Signaling its intent to step-up acquisition efforts, Watt Companies has added two seasoned executives to lead the firm’s acquisition activities, with a focus on office opportunities and retail development. John Lee has joined Watt Realty Advisors as Vice President with responsibility for office acquisitions and brings significant experience with major firms in California as well as Texas. Kenneth Hira joins Watt Commercial Properties to reload their...
NAPCO Security Systems, Inc. one of the world’s leading suppliers of high performance electronic security equipment for over 30 years, today announced financial results for its first quarter ended September 30, 2008. Net sales for the first quarter ended September 30, 2008 were $17,483,000, an increase of 26% compared to $13,876,000 reported for the same quarter a year earlier. Operating income for the quarter was $830,000, an increase of 3% from...
Atlantic BancGroup, Inc.the parent company of Oceanside Bank, with four locations in the Jacksonville Beaches and East Jacksonville, Florida, announced today its third quarter 2008 results. Oceanside Bank remains well capitalized under current regulatory guidelines, despite Atlantic BancGroup posting a net loss for the quarter ended September 30, 2008 of $839,000, a decline from consolidated net income of $201,000 in the same period of 2007. For the...
The twin office towers of Watt Plaza in Century City are the first Class A commercial high rises in Los Angeles to undergo a 100% retrofit with Falcon Waterfree urinals. The resulting 2.2 million gallon per year water savings at this single building provides welcome relief for the drought stricken area and exemplifies the success of comprehensive planning by local officials. This retrofit of Watt Plaza’s urinals comes as Los Angeles Mayor Villaraigosa,...
Empire Level Manufacturing Co. has introduced a new “e100 Digital Level” after learning the results of a consumer research study that found end-users of digital levels are dissatisfied with existing products in the marketplace. The research study found that digital level users wanted consistent and accurate readings, a case to store the instrument when not in use, a display backlight for use in low light conditions, and most importantly, an easy-to-use...
Mr. Richard Homburg, Chairman and CEO of Homburg Invest Inc. announces that the previously reported proposed joint venture with Cedar Shopping Centres Inc. (“Cedar”) to purchase 32 properties has been cancelled. Mr. Homburg states that: “HII had substantially completed its due diligence in respect of the proposed joint venture, however recent unprecedented financial events have caused the virtual collapse of world capital...
Cedar Shopping Centers, Inc. announced that it had been advised by Homburg Invest Inc. that Homburg Invest would not proceed with the proposed joint venture for 32 properties, as previously contemplated and disclosed by the Company. While Homburg Invest had substantially completed physical, financial and legal due diligence with respect to the properties, it cited the unprecedented current events that have taken place in the U.S. capital markets...
The event was sponsored by the Canadian Woodlands Forum and hosted by Ledwidge Lumber on gently rolling, forested land near Halifax, Nova Scotia. Over 6,100 loggers and their families came to see machine demonstrations and learn about related forestry products presented by 115 companies. About half way through the 1.8-mile loop, a huge banner with the black and Caterpillar yellow logo announced the site. The pathways leading up to Cat’s tent brought...
Lighting Science (LSG), a global developer and integrator of intelligent and efficient light-emitting diode (LED) solutions, and the ACO Group, the worldwide leader in water drain systems and intelligent water drainage, today announced the global availability of the ACO Eyeleds solution for illuminating outdoor spaces. The new drainage solution will incorporate attractive and sustainable LED lighting technology as a permanent part of track drainage...