Construction & Property

TechnipFMC Awarded Significant Subsea Contract for PetroVietnam Gas’ Nam Con Son 2 Phase 2 Gas Pipeline Development in Vietnam

Tuesday, October 15, 2019 - 6:00am

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) contract by PetroVietnam Gas for the Engineering, Procurement and Construction (EPC) of the Nam Con Son 2 Phase 2 pipeline across Nam Con Son basin and Cuu Long basin in Vietnam.

Key Points: 
  • TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) contract by PetroVietnam Gas for the Engineering, Procurement and Construction (EPC) of the Nam Con Son 2 Phase 2 pipeline across Nam Con Son basin and Cuu Long basin in Vietnam.
  • The scope of the contract covers engineering and installation of 118 kilometers of rigid pipeline as well as the fabrication of subsea structures to tie back the existing Nam Con Son 2 Phase 1 gas pipeline to the Long Hai Landfall Station.
  • Arnaud Piton, President Subsea at TechnipFMC, commented: We are extremely pleased to have been entrusted with the Nam Con Son 2 Phase 2 pipeline contract.
  • This pipeline collects and transports gas from several reserves to help meet the demand in Southeast Vietnam, and we look forward to collaborating with PetroVietnam Gas on this project.

‘Slow and steady’ Brexit property market confirmed in TwentyCi Q3 analysis – except for first time buyers

Tuesday, October 15, 2019 - 5:00am

The latest TwentyCi Property & Homemover Report for Q3 2019 the most comprehensive real time review of the property market - confirms a slow and steady Brexit property market over the last quarter, apart from an 8% increase in exchanges amongst young first time buyers.

Key Points: 
  • The latest TwentyCi Property & Homemover Report for Q3 2019 the most comprehensive real time review of the property market - confirms a slow and steady Brexit property market over the last quarter, apart from an 8% increase in exchanges amongst young first time buyers.
  • Q3 saw a total of 1,715,395 new instructions, 212,319 fall throughs and 801,013 withdrawals in the market, to change agent, or withdraw in this quarter.
  • Overall households with income bands of 20,000-50,000 were proportionally buying and selling more properties covering a total of 126,941 exchanges.
  • Online market share of all property exchanges remained stable at 7%, peaking at 7.9% in the 12 months to September 2019.

Coalition of Tenant Advocates Stage Press Conference at L.A. City Hall, Call for a Moratorium on Retaliatory Evictions

Tuesday, October 15, 2019 - 3:19am

Tomorrow, October 15, 2019, at 9:30 a.m., a broad coalition of tenant advocates will stage a press conference at Los Angeles City Hall calling on City Council to pass a moratorium on all retaliatory evictions in the wake of the passage of Assembly Bill 1482, the anti-rent gouging measure recently signed by Governor Newsom.

Key Points: 
  • Tomorrow, October 15, 2019, at 9:30 a.m., a broad coalition of tenant advocates will stage a press conference at Los Angeles City Hall calling on City Council to pass a moratorium on all retaliatory evictions in the wake of the passage of Assembly Bill 1482, the anti-rent gouging measure recently signed by Governor Newsom.
  • This surge in mass evictions, if unchecked, could amount to the potential displacement of thousands of working-class Californians.
  • The callous behavior of these landlords underscores the need for urgent action by politicians in Los Angeles and across the state.
  • Tomorrow, City Council has a chance to prevent thousands of tenants from becoming homeless by the holidays.

BioMed Realty Announces 300,000 Square Feet Long-term Lease at Emeryville Center of Innovation Campus

Tuesday, October 15, 2019 - 12:48am

BioMed Realty, a leading provider of real estate solutions for the life science industry, announced today that it has executed a 12-year lease with Zymergen for 300,000 square feet at Emeryville Center of Innovation.

Key Points: 
  • BioMed Realty, a leading provider of real estate solutions for the life science industry, announced today that it has executed a 12-year lease with Zymergen for 300,000 square feet at Emeryville Center of Innovation.
  • BioMed Realty will invest capital to transform the existing asset into a dynamic and innovative Class A environment for Zymergens new headquarters location.
  • Zymergen is a leading science and material innovation company and one of the largest employers in Emeryville.
  • We are thrilled to welcome the team at Zymergen to their new home at the Emeryville Center of Innovation, said Denis Sullivan, EVP and Chief Investment Officer of BioMed Realty.

Agent Image Signs On as the Title Sponsor for 2019 Inman Luxury Connect

Monday, October 14, 2019 - 10:03pm

Recognized by the nations top real estate agents as the #1 branding, website, and digital marketing agency, Agent Image has signed on as the title sponsor for the 2019 Inman Luxury Connect.

Key Points: 
  • Recognized by the nations top real estate agents as the #1 branding, website, and digital marketing agency, Agent Image has signed on as the title sponsor for the 2019 Inman Luxury Connect.
  • Boasting 20 successful years, Agent Image has a highly loyal base of luxury clients including The Altman Brothers, Aaron Kirman, Sally Forster Jones, Roh Habibi, and Kofi Nartey.
  • Taking the speaker stage will be real estates highest performing thought leaders, including Agent Image Managing Partner, Jon Krabbe.
  • The 2019 Luxury Connect will be our biggest yet and we could not be more thrilled to have Agent Image as our title sponsor, says Chief Revenue Officer Emily Paquette.

Omega Announces Increase in Quarterly Common Stock Dividend and Schedules Third Quarter Earnings Release Date and Conference Call

Monday, October 14, 2019 - 9:35pm

Omega Healthcare Investors, Inc. (NYSE:OHI) today announced that the Companys Board of Directors declared a common stock dividend of $0.67 per share, increasing the quarterly common dividend by $0.01 per share over the previous quarter.

Key Points: 
  • Omega Healthcare Investors, Inc. (NYSE:OHI) today announced that the Companys Board of Directors declared a common stock dividend of $0.67 per share, increasing the quarterly common dividend by $0.01 per share over the previous quarter.
  • The common stock dividend is payable Friday, November 15, 2019 to common stockholders of record as of the close of business on Thursday, October 31, 2019.
  • Omega also announced today that it is scheduled to release its earnings results for the quarter ended September 30, 2019, on Tuesday, November 5, 2019 after market close.
  • In conjunction with its release, Omega will be conducting a conference call on Wednesday, November 6, 2019 at 10 a.m. Eastern Time to review its 2019 third quarter results and current developments.

American Campus Communities Provides Interim Update

Monday, October 14, 2019 - 9:15pm

Executing on the anticipated dispositions at these levels is currently our most attractive source of external capital, said William Talbot, American Campus Communities CIO.

Key Points: 
  • Executing on the anticipated dispositions at these levels is currently our most attractive source of external capital, said William Talbot, American Campus Communities CIO.
  • American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States.
  • As of June 30, 2019, American Campus Communities owned 169 student housing properties containing approximately 108,800 beds.
  • These statements are based on managements current expectations and assumptions regarding markets in which American Campus Communities, Inc. (the Company) operates, operational strategies, anticipated events and trends, the economy, and other future conditions.

CoreSite Issues 2018 Corporate Sustainability Report 

Monday, October 14, 2019 - 9:15pm

CoreSite Realty Corporation (NYSE:COR), (the Company) a premier provider of secure, reliable, high-performance data center and interconnection solutions in major U.S. metropolitan areas, today announced it has issued its 2018 Corporate Sustainability Report Another year into our journey , which is posted on the Companys website.

Key Points: 
  • CoreSite Realty Corporation (NYSE:COR), (the Company) a premier provider of secure, reliable, high-performance data center and interconnection solutions in major U.S. metropolitan areas, today announced it has issued its 2018 Corporate Sustainability Report Another year into our journey , which is posted on the Companys website.
  • Since 2001, CoreSite has been committed to best-in-class customer experience and value, an engaging, attractive and diverse employment environment, and practices that help our customer communities thrive sustainably, In our second Corporate Sustainability Report, we summarize our ongoing journey of being a responsible steward of our business for all our stakeholders.
  • Below are a few 2018 highlights from the 2018 Corporate Sustainability Report.
  • CoreSite seeks the least carbon-intensive generation sources consistent with its customers economic goals and options permitted in its markets.

HOF Village and ASM Global Announce Management Agreement for Tom Benson Hall of Fame Stadium

Monday, October 14, 2019 - 9:05pm

We are thrilled to add Tom Benson Hall of Fame Stadium to our roster of iconic NFL Stadiums, said Doug Thornton, Executive Vice President of ASM Global, who led the efforts to partner with the Hall of Fame Village.

Key Points: 
  • We are thrilled to add Tom Benson Hall of Fame Stadium to our roster of iconic NFL Stadiums, said Doug Thornton, Executive Vice President of ASM Global, who led the efforts to partner with the Hall of Fame Village.
  • HOF Village, LLC was founded by the Pro Football Hall of Fame through its wholly owned, for-profit subsidiary Hall of Fame Village, Inc. and Industrial Realty Group, LLC.
  • Its a great privilege for me to be given the opportunity to lead ASM Globals team at Tom Benson Hall of Fame Stadium.
  • HOF Village, LLC was founded by the Pro Football Hall of Fame through its wholly owned, for-profit subsidiary Hall of Fame Village, Inc. and Industrial Realty Group, LLC.

New Pilot Program Helps Southern California Grow Native

Monday, October 14, 2019 - 7:33pm

The Metropolitan Water District of Southern California and local water agencies have teamed up with the California Native Plant Society to bring more native plants to the regions homes and gardens.

Key Points: 
  • The Metropolitan Water District of Southern California and local water agencies have teamed up with the California Native Plant Society to bring more native plants to the regions homes and gardens.
  • Through the pilot, staff at participating nurseries will receive training on the proper care, maintenance, watering and planting of California native plants.
  • Beyond these sustainability benefits, native gardens are just beautiful, said Dan Gluesenkamp, executive director of the California Native Plant Society.
  • CNPS has more than 70,000 fans and supporters, and 35 chapters promoting its mission throughout California and Baja California.