Real estate industry
Knox County Commission members expressed dissatisfaction with the proposed supportive housing complex for the homeless on DeBusk Lane, citing concerns over the project's location and cost. The commission voted 15-4 to reject the proposal, with members criticizing the process used to select the property and the potential price
Real estate industry
Maas Companies of Rochester, MN is set to auction the 5 million gallon per year (MGY) Tri-City Energy Biodiesel Refinery in Keokuk, Iowa, at 10 a.m. on Wednesday, December 16, 2009. The refinery, which began production in 2006 using soybean oil as its primary feedstock, has been unable to
Real estate industry
Daniel B. Hurwitz, a 20-year real estate industry veteran, has been appointed President & Chief Executive Officer of Developers Diversified Realty Corporation, replacing Scott A. Wolstein, who will assume the role of Executive Chairman of the Board. This strategic transition marks a significant milestone in the Company's history,
Real estate industry
The J.P. King Auction company will be auctioning a one-acre commercial site located on Federal Highway in Boca Raton, Florida. The auction, scheduled for November 16, 2009, at the Hyatt Regency Sarasota, will offer investors the opportunity to purchase a prime development site zoned for either 62 residential units
Real estate industry
The United States Department of Energy (DOE) has selected Invensys Operations Management to develop a state-of-the-art training center for the development of new generation zero-emission integrated gasification combined cycle (IGCC) power plants with carbon capture. The training center will utilize Invensys' innovative EYESim virtual reality training solution, which will
Real estate industry
The Indian markets closed near the day's low on Tuesday, following the Reserve Bank of India's credit policy review. The review, which left all key interest rates unchanged, had a negative impact on various sectors, including real estate, metals, and banks. The National Stock Exchange'
Real estate industry
Duke Realty Corporation, a leading industrial and office property REIT, reported its third quarter 2009 earnings, highlighting its efforts to address near-term obligations, reduce debt, and focus on core operating portfolio. Despite recording non-cash impairment charges of $297.1 million, the company maintains its deleveraging strategy and reaffirms its FFO
Real estate industry
The proposed Ahmedabad-Gandhinagar metro rail project, a multi-crore undertaking, has been in the spotlight for real estate circles for years. A 2005 DMRC report envisioned a 51 km second phase extension of the project, traversing from Changodar to GIFT city, with a projected return of Rs 1,500 crore over
Real estate industry
High real estate prices in commercial hubs in Mumbai are driving banks to move their operations to the suburbs, where rentals are significantly lower. This trend, while not new in terms of call centers and IT hubs, now encompasses senior management and other departments, thanks to the availability of large
Real estate industry
The Chinese A-share market experienced a significant boost on October 13, driven by robust real estate stocks and strong performances from resources and bank stocks. China Petroleum & Chemical Corporation (SHSE: 600028) saw a substantial increase in negotiable market cap after 57.088 billion restricted shares became tradable on October
Real estate industry
Shaya Boymelgreen, a troubled real estate developer, may be finally offloading Lagna Holdings Ltd., held through Azorim Investment, Development and Construction Ltd. An investor group led by Universal Motors Israel Ltd. (UMI) owners Haim Assayag and David Eini are in advanced talks to acquire Lagna. The company has been in
Real estate industry
The third quarter of 2009 saw an increase in total retail vacancy rates, reaching 8% across all submarkets, according to a report by Norris, Beggs & Simpson. This 1% rise over the previous quarter is a sign that a full economic recovery may not be expected until 2010. The suburban
