International real estate investment and services company Kennedy Wilson announced that it offered and sold 19 units of Northshore, a condominium project located in Tempe, Arizona, and 47 units of John Ross, a condominium project located in Portland, Oregon. The units were sold through two separate auctions conducted by the company on Saturday, April 10th and Sunday, April 11th at the Fairmont Scottsdale and the Hilton Portland & Executive Tower, respectively. he Northshore auction attracted...
The company, which launched to global acclaim on January 1 2006, said that the two projects demonstrate the strength of the real estate projects in the Holy Cities, set to be further developed over the next decade. The Al-Tilal Project in Madinah allows Muslims from all over the world to purchase permanent villa homes nearly 10 kilometres from the Prophet’s Mosque. The Royal Clock Tower is the central tower in the Abraj al-Bait Project, 50 metres opposite the Grand Mosque in Makkah, which...
Next Century Associates, LLC, a partnership between Los Angeles based real estate investor Michael Rosenfeld and an entity in the D.E. Shaw Group, today unveiled plans for a $2 billion mixed-use project on the 5.75 acre Century Plaza hotel site. The project will feature two soaring towers rising from a grand plaza with a 240 room Five Star hotel and 163 hotel residences, 130 luxury residential condominiums, 100,000 square feet of office, 106,000 square feet of retail shops and restaurants, and a...
Red Ledges, a development in the beautiful valley of Heber City, Utah, is the world’s only recreational community offering golf and tennis amenities created by legends Jack Nicklaus, Cliff Drysdale and Jim McLean. Red Ledges is a nearly 2,000-acre mountain paradise that will consist of 1,200 luxury custom homes and world-class facilities. Red Ledges has teamed up with Jack Nicklaus, the “Most Powerful Person in Golf” as deemed by Golf Inc. Magazine, to design Red Ledges’ first major amenity....
Maguire Properties, Inc., a Southern California-focused real estate investment trust, announced today it has executed a new lease with InnovaSystems International, Inc. for approximately 45,000 square feet at 2385 Northside Drive, which is part of the Mission City Corporate Center in San Diego, California. InnovaSystems is expected to take occupancy in the first quarter of 2010. Mr. Nelson C. Rising, President and Chief Executive Officer, commented, “We are very pleased with the execution of this...
Roberts Realty Investors, Inc. announces that its Board of Directors has amended its stock repurchase program to authorize the company to repurchase up to 300,000 shares of its outstanding common stock. The company may repurchase shares from time to time by means of open market purchases and in solicited and unsolicited privately negotiated transactions, depending on availability, the company’s cash position and price. Charles S. Roberts, President and Chief Executive Officer, stated that “The...
AmREIT a Houston-based real estate company that has elected to be taxed as a real estate investment trust, today announced that its Board of Trust Managers has approved the privatization of the Company through withdrawal of its Class A common shares from listing on the NYSE Euronext Exchange (“NYX”, formerly the American Stock Exchange). The company has filed with the NYX its notice of withdrawal of listing of its shares and intends to file with the Securities and Exchange Commission a Notification...
Prime Group Realty Trust announced that Younan Properties, Inc. and an affiliate (“Purchaser”), and the subsidiary of the Company (the “Seller”) that owns 180 North LaSalle Street in Chicago, Illinois (the “Property”), amended the purchase and sale agreement (the “Agreement”) to (i) provide Purchaser certain credits against the Purchase Price, and (ii) remove the Purchaser’s right to extend the closing date past December 17, 2008. ADVERTISEMENT The gross purchase price for the Property...
Och-Ziff Capital Management Group LLC (NYSE: OZM – News; “Och-Ziff”), today announced that it has hired four senior real estate investment professionals in Asia in a continued effort to augment Och-Ziff’s global real estate capabilities. The four principals will join Och-Ziff Asia Real Estate as Executive Managing Directors and will focus on building out an Asian real estate platform in Hong Kong, Singapore, China, India and other countries throughout Asia and the Pacific. The...
Och-Ziff Capital Management Group LLC announced that it has hired four senior real estate investment professionals in Asia in a continued effort to augment Och-Ziff’s global real estate capabilities. The four principals will join Och-Ziff Asia Real Estate as Executive Managing Directors and will focus on building out an Asian real estate platform in Hong Kong, Singapore, China, India and other countries throughout Asia and the Pacific. The new hires include Zain Fancy, formerly Managing Director...
The Contour Lounge Chair by Murillo
Murillo, the Philippines based manufacturer has been involved in manufacturing furniture and...
Contemporary Office Designs from Triple Five Design
Looking for modern interior inspiration for your office, here we got some preview of the contemporary...
The Gallery House designed by architect Richard Librach
Today’s modern house inspiration is coming from Richard Librach Architect, Toronto-based...
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