Urban planning

The St. Joe Company’s Diverse Portfolio of Leasable Space Approaches 1 Million Square Feet

Tuesday, August 3, 2021 - 9:55pm

The St. Joe Companys (NYSE: JOE) (St. Joe) diverse portfolio of leasable space approaches 1 million square feet with new projects under construction and strong leasing activity on planned projects.

Key Points: 
  • The St. Joe Companys (NYSE: JOE) (St. Joe) diverse portfolio of leasable space approaches 1 million square feet with new projects under construction and strong leasing activity on planned projects.
  • St. Joe has approximately 152,000 square feet of leasable space under construction that will bring its total leasable square footage to more than 1 million square feet once complete.
  • Within the Watersound Town Center alone, St. Joe has executed leases for over 75,000 square feet of space.
  • St. Joe, JOE, the Taking Flight Design, St. Joe (and Taking Flight Design) , Watersound and Watersound Town Center are registered service marks of The St. Joe Company or its affiliates.

UKG Workforce Activity Report: Businesses Add Employee Shifts Again in July, Delta Variant Threatens Growth

Tuesday, August 3, 2021 - 7:00pm

The UKG Workforce Activity Report is a high-frequency index used to anticipate employment growth and job creation earlier than traditional indicators allow.

Key Points: 
  • The UKG Workforce Activity Report is a high-frequency index used to anticipate employment growth and job creation earlier than traditional indicators allow.
  • With a sample of 3.3 million employees across 35,000 organizations of all sizes, the UKG Workforce Activity Report uses the number of shifts being worked to determine the current and future health of the U.S. economy.
  • Built from a merger that created one of the largest cloud companies in the world, UKG believes organizations succeed when they focus on their people.
  • UKG has 13,000 employees around the globe and is known for an inclusive workplace culture.

Kimco Realty Stockholders and Weingarten Realty Shareholders Approve Merger

Tuesday, August 3, 2021 - 6:13pm

Kimco Realty Corp. (NYSE: KIM), one of North Americas largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors (NYSE: WRI), a grocery-anchored Sun Belt shopping center owner, manager and developer, today announced that Kimco stockholders and Weingarten shareholders approved all of the proposals necessary for the closing of the previously announced merger of Weingarten with and into Kimco.

Key Points: 
  • Kimco Realty Corp. (NYSE: KIM), one of North Americas largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, and Weingarten Realty Investors (NYSE: WRI), a grocery-anchored Sun Belt shopping center owner, manager and developer, today announced that Kimco stockholders and Weingarten shareholders approved all of the proposals necessary for the closing of the previously announced merger of Weingarten with and into Kimco.
  • At the special meeting of Kimco stockholders, approximately 99.9% of the votes cast were voted in favor of the merger, which represented approximately 85.3% of the outstanding shares of Kimco common stock.
  • At the special meeting of Weingarten shareholders, approximately 99.6% of the votes cast were voted in favor of the merger agreement, which represented approximately 78.7% of the outstanding Weingarten common shares.
  • Upon completion of the merger, pursuant to the terms of the definitive merger agreement entered into by and between Kimco and Weingarten on April 15, 2021, Weingarten shareholders are entitled to receive 1.408 newly issued shares of Kimco common stock plus $2.20 in cash, after adjustment for the Weingarten special dividend of $0.69 per Weingarten common share paid on August 2, for each Weingarten common share that they owned immediately prior to the effective time of the merger.

The EMMES Group of Companies Partners with Oaktree

Tuesday, August 3, 2021 - 4:59pm

The EMMES Group of Companies (EMMES) has announced a partnership with funds managed by Oaktree Capital Management, L.P. (Oaktree), a leader among global investment managers specializing in alternative investments, to recapitalize Centerview, a LEED Platinum, 625,000 SF Class A office property located in Irvine, California.

Key Points: 
  • The EMMES Group of Companies (EMMES) has announced a partnership with funds managed by Oaktree Capital Management, L.P. (Oaktree), a leader among global investment managers specializing in alternative investments, to recapitalize Centerview, a LEED Platinum, 625,000 SF Class A office property located in Irvine, California.
  • The depth of their relationships dovetails well with EMMES operational expertise and our collective vision for Centerview.
  • Weve been impressed with the renovations to date and look forward to partnering with EMMES on the remaining improvements to the project, said Mark Jacobs, Managing Director and Co-Portfolio Manager with Oaktree.
  • Founded in 1992, with offices in New York and California, The EMMES Group of Companies and its affiliates are engaged in real estate investments, funds management and real estate services.

Quantela Acquires CIMCON Lighting

Tuesday, August 3, 2021 - 1:42pm

MILPITAS, Calif. and BURLINGTON, Mass., Aug. 3, 2021 /PRNewswire/ -- Outcomes-as-a-Service forerunner, Quantela announces today that it has acquired CIMCON Lighting, Inc., a leader in smart lighting and smart city technologies.

Key Points: 
  • MILPITAS, Calif. and BURLINGTON, Mass., Aug. 3, 2021 /PRNewswire/ -- Outcomes-as-a-Service forerunner, Quantela announces today that it has acquired CIMCON Lighting, Inc., a leader in smart lighting and smart city technologies.
  • This acquisition will provide Quantela with full coverage and access to the ubiquitous streetlight pole infrastructure to deploy innovative technologies and improve societal, and economic outcomes.
  • "Acquiring CIMCON gives Quantela the opportunity to access the streetlight pole infrastructure used to deploy CIMCON controllers," said Sridhar Gadhi, Quantela's Founder and Executive Chairman.
  • "Quantela helps communities improve quality of life by providing technology enabled outcomes to its customers," said Amr Salem, Quantela's CEO.

Masdar joint venture reaches financial close and starts construction on Indonesia's first utility-scale floating solar power plant

Tuesday, August 3, 2021 - 7:00am

ABU DHABI, UAE, Aug. 3, 2021 /PRNewswire/ -- Masdar, one of the world's leading renewable energy companies, and PT PJBI, a subsidiary of Indonesia's state-owned electricity company PT PLN, announced today that financial close has been achieved on the Cirata Floating Photovoltaic Power Plant project and construction work has begun.

Key Points: 
  • Pembangkitan Jawa Bali Masdar Solar Energi joint venture between Masdar and PT PJBI
    ABU DHABI, UAE, Aug. 3, 2021 /PRNewswire/ --Masdar, one of the world's leading renewable energy companies, and PT PJBI, a subsidiary of Indonesia's state-owned electricity company PT PLN, announced today that financial close has been achieved on the Cirata Floating Photovoltaic Power Plant project and construction work has begun.
  • Financing for the project, Indonesia's first floating solar power plant, was arranged through Sumitomo Mitsui Banking Corporation, Societe Generale, and Standard Chartered Bank.
  • Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), a joint venture between Masdar and PT PJBI, and is expected to begin commercial operation in the fourth quarter of 2022.
  • "The Ministry of Investment fully supports the investment realization of the Cirata Floating Solar Project by PT.