BioMed Realty Trust, Inc. announced that Alan D. Gold, BioMed’s President and Chief Executive Officer, was named the national winner of the Ernst & Young LLP Entrepreneur Of The Year® 2008 Award in the Real Estate, Construction and Hospitality category. Ernst & Young’s program recognizes outstanding entrepreneurs who have built and lead dynamic, high-growth businesses on a regional, national and global level. Mr. Gold was selected as a national winner from approximately 300...
Wight & Company, a leader in integrated architecture, engineering and construction solutions for the built environment, has won six awards for its public projects. These included Best Overall Project from Design Build Institute of America (DBIA); two “Project of the Year” awards from Midwest Construction magazine; and Excellence and Merit Awards from the American Council of Engineering Companies of Illinois (ACEC – Illinois). “It’s gratifying to be acknowledged for high quality work...
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 markets and the anticipated ongoing repercussions...
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 the following: – Complete our S-1 Registration...
Regulatory News: At the Extraordinary Shareholders’ Meeting of Kaufman & Broad S.A. held under the chairmanship of Guy Nafilyan, shareholders granted the Board of Directors a new authorization to carry out a share issue with pre-emptive subscription rights and a new authorization to increase the number of shares offered with or without pre-emptive subscription rights if the issue is oversubscribed. The third resolution, pertaining to an employee share issue, was not adopted. The Company now...
URS Corporation announced that an international team led by the company’s Washington Division has entered into a contractual arrangement with the UK Nuclear Decommissioning Authority (NDA) to become the new Parent Body Organization (PBO) responsible for the management and operations of the Sellafield sites in North West England. The consortium will manage a scope of work with a maximum annual value of approximately £1.3 billion, or approximately $2 billion, under a five-year base contract, with...
Dangerous times have created new business enterprises. Recent catastrophes have fostered the need for preventative and remediation industries, with the U.S. Department of Labor ranking the “security sector” the single largest area of need. “September 11, 2001, Hurricane Katrina, and this year’s Mississippi River floods were all tragic events that underscored the need for increased levels of homeland security,” says former Maryland Congressman C. Thomas McMillen, CEO of Homeland Security...
An economy on the verge of total collapse. Residential real estate markets are either stagnant or in great decline across the country. The public is in dire need of promising news about real estate. If you ask Chad Goldwasser, the timing is perfect to start a new real estate venture. And his venture is dramatically different than anything the industry has ever seen before. Formerly Keller Williams Realty’s number one real estate agent, locally and worldwide, Goldwasser announced today he has launched...
Eurocastle Investment Limited (“the Company”) primarily owns and invests in German commercial property. The Company and its subsidiaries (“the Group”) has Euro denominated shares which are currently listed on Euronext Amsterdam, under the symbol “ECT” and on the Frankfurt Stock Exchange, under the symbol “EUI1″. Eurocastle is managed by an affiliate of Fortress Investment Group LLC. For more information regarding Eurocastle and to be added to our email...
Jensen Precast recently installed machinery to manufacture Reinforced Concrete Pipe (RCP) in their Sparks, Nevada facility. The decision to make RCP came in early 2007, after many customers repeatedly asked them to supply it. “RCP is generally used for storm drain applications greater than 15 inches,” Lance Semenko, Senior Vice President of Engineering for Q & D Construction, said. “We specify RCP because it’s stronger for larger applications, and is priced more economically...