Krk Kindergarten Building by Randic – Turato architects

New kindergarten, on the island of Krk in Croatia, is located on northeastern border of the town, amongst mostly touristic apartments and shopping malls. In such unattractive neighborhood, this kindergarten is shaped as enclosed and introverted insula, surrounded with soaring stone walls. Inside of this small town-kindergarten, units-houses are combined with open gardens, placed next to pedestrian communications. Due to the rather small area of kindergartens... 

Doubletree by Hilton to Arrive in Malaysia in 2010

Hilton Hotels Corporation has announced that it has entered into a management agreement with The Intermark Sdn Bhd, signifying the debut of the award-winning, upscale hotel brand, Doubletree by Hilton, in Malaysia. The Crown Princess Hotel in the Malaysian capital of Kuala Lumpur will undergo a multi-million dollar redesign and renovation during the next several months to become re-branded as the Doubletree by Hilton™ Kuala Lumpur City Centre. Scheduled... 

Green Building – Energy saving

Regarding Smart Film, its breakthrough feature is that the customer could easily and directly roll and adhere Smart Film to glasses by simply peeling off its protective film without adding any extra adhesive in-between Smart Film and the glasses, and also can repetitively adhere Smart Film to the glasses in case of installation misalignment. In addition, Smart Film is different from traditional privacy glasses which need longer delivery lead time,... 

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... 

Pasal Development: Consolidated Earnings After Taxes of EUR 2.6 mn for the 9M 2008

PASAL Development S.A. announces that consolidated earnings after taxes and minority interest for the 9M 2008 amounted to 2.6 mn euro compared to 6.0 mn euro in 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 3.5 mn euro compared to 10.1 mn euro in 2007, while consolidated earnings before taxes amounted to 1.3 mn euro compared to 8.6 mn euro the respective period of last year. The reduction is mainly due to... 

General Growth Announces Extension of Rights Agreement

General Growth Properties, Inc. (NYSE: GGP ) announced it has extended the expiration date of its Rights Agreement to November 18, 2010. The Rights Agreement was originally adopted with an expiration date of November 18, 2008. In connection with this extension, the purchase price of each right issued under the Rights Agreement was changed from $148 to $105. As a result, the holder of each right is entitled to purchase one-third of one one-thousandth... 

BRMALLS (Bovespa: BRML3) Announces EBITDA Of R$61.9 Million in the 3Q08, an Increase Of 45.7% Over the 3Q07, With an EBITDA Margin of 74.9%

Gross revenues totaled R$88.5 million in the 3Q08, an increase of 38.4% over the 3Q07, and R$239.2 million year-to-date, 69.8% over on the first nine months of 2007; Consolidated NOI totaled R$73.5 million in the 3Q08, 52.0% higher than in the 3Q07, and R$194.9 million in the 9M08, an increase of 87.8% year-on-year. The NOI margin also increased from 84.4% in the 3Q07 to 89.8% in the 3Q08, and from 84.5% in the 9M07 to 88.9% in the 9M08; Also in the... 

Scottsdale Quarter Will Be Home to an Enticing Mix of Upscale and New-To-Arizona Restaurants and Retailers

Glimcher Realty Trust, one of the nation’s leading retail developers of upscale shopping and lifestyle centers, today confirmed some of the key retailers and restaurant merchants that will occupy Scottsdale Quarter. Scottsdale Quarter will include over 600,000 square feet of premium retail and office space in the heart of Scottsdale, Arizona and is planned to open Phase I in spring 2009. Of the tenants announced, many are making their Phoenix/Scottsdale... 

General Growth Obtains Additional Mortgage Facility Funding

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... 

General Growth Repays $391 Million of Mortgage Loans

General Growth Properties, Inc. announced that it repaid $391 million of near term maturity mortgage loans, following another closing with respect to the staged funding of its $1.75 billion secured loan facility today. This brings the total loan facility amount currently outstanding to $1.41 billion. All remaining seven properties were added to the collateral pool which now completes the 24 property collection of assets. The company plans to add additional...