Construction & Property

Harbor Steps Staircase Plaza Grand Reopening

Retrieved on: 
Friday, July 19, 2024

Equity Residential announced today the re-opening of the staircase plaza at Harbor Steps Apartments in downtown Seattle after a nearly year-long renovation project.

Key Points: 
  • Equity Residential announced today the re-opening of the staircase plaza at Harbor Steps Apartments in downtown Seattle after a nearly year-long renovation project.
  • The public plaza, known in the community as “The Steps,” descends 107 steps from 1st Avenue to Western Avenue and is a major pedestrian connection between downtown and the Seattle Waterfront.
  • The reimagined plaza was designed by GGLO of Seattle, WA and holds true to the form of the original Harbor Steps plaza which was constructed over University Street in 1994.
  • It is surrounded by the four high-rise towers of Harbor Steps Apartments which contain 761 residential units.

Carlisle Companies Announces Finance Leadership Changes

Retrieved on: 
Friday, July 19, 2024

Carlisle Companies Incorporated (NYSE:CSL) today announced the following leadership changes, effective August 1, 2024, to continue to strengthen and enhance the global finance organization, leveraging and building on a team with deep experience and a track record of success:

Key Points: 
  • Carlisle Companies Incorporated (NYSE:CSL) today announced the following leadership changes, effective August 1, 2024, to continue to strengthen and enhance the global finance organization, leveraging and building on a team with deep experience and a track record of success:
    As part of the changes, John will build on his 27 years of Carlisle experience to continue his career progression within CCM.
  • Steve joined Carlisle in 2012 and has held numerous financial leadership roles, including Director of Financial Reporting, Vice President of Finance for Carlisle Fluid Technologies, Vice President of Internal Audit, Vice President of FP&A, and most recently, Vice President and Chief Accounting Officer.
  • Kevin Zdimal, Vice President & Chief Financial Officer, said, “I am very pleased to announce these management changes within our finance organization.
  • Carlisle continues to be committed to developing the highest level of finance talent, and it is exciting to see these dedicated Carlisle employees earn opportunities to grow within the Company.”

Comfort Systems USA Announces Second Quarter 2024 Conference Call and Webcast

Retrieved on: 
Friday, July 19, 2024

Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of mechanical and electrical contracting services including heating, ventilation, air conditioning, plumbing, electrical, piping and controls, announces that it has scheduled its quarterly conference call and webcast for Friday, July 26, 2024, at 10:00 a.m. Central Time to discuss second quarter 2024 financial results.

Key Points: 
  • Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of mechanical and electrical contracting services including heating, ventilation, air conditioning, plumbing, electrical, piping and controls, announces that it has scheduled its quarterly conference call and webcast for Friday, July 26, 2024, at 10:00 a.m. Central Time to discuss second quarter 2024 financial results.
  • The conference call will be broadcast live in listen-only mode on the Company’s website at https://investors.comfortsystemsusa.com/.
  • The call and the slide presentation to accompany the remarks can be accessed under the “Investors” tab after second quarter 2024 results are released.
  • Comfort Systems USA® is a premier provider of business solutions addressing workplace comfort, with 177 locations in 136 cities around the nation.

KKR Real Estate Finance Trust Inc. Declares Preferred Stock Dividend

Retrieved on: 
Friday, July 19, 2024

KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) announced that the Board of Directors has declared a dividend of $0.40625 per each issued and outstanding share of the Company’s 6.50% Series A Cumulative Redeemable Preferred Stock, which represents an annual dividend of $1.625 per share.

Key Points: 
  • KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) announced that the Board of Directors has declared a dividend of $0.40625 per each issued and outstanding share of the Company’s 6.50% Series A Cumulative Redeemable Preferred Stock, which represents an annual dividend of $1.625 per share.
  • The dividend is payable on September 13, 2024 to KREF’s preferred stockholders of record as of August 30, 2024.

Eaton names Tiffany Hanisch senior vice president, Internal Audit

Retrieved on: 
Friday, July 19, 2024

Intelligent power management company Eaton (NYSE:ETN) today announced that Tiffany Hanisch has been named senior vice president, Internal Audit, effective July 22, 2024.

Key Points: 
  • Intelligent power management company Eaton (NYSE:ETN) today announced that Tiffany Hanisch has been named senior vice president, Internal Audit, effective July 22, 2024.
  • She succeeds Adam Wadecki, who was named senior vice president and controller.
  • Hanisch will report to Olivier Leonetti, Eaton’s executive vice president and chief financial officer, and will join the company’s senior leadership team.
  • Hanisch joins Eaton from GE Aerospace, where she most recently served as business separation leader.

Comfort Systems Announces New Board Member

Retrieved on: 
Friday, July 19, 2024

Comfort Systems USA, Inc. (NYSE:FIX), a leading provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services, today announced the appointment of Gaurav Kapoor to its Board of Directors (the “Board”).

Key Points: 
  • Comfort Systems USA, Inc. (NYSE:FIX), a leading provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services, today announced the appointment of Gaurav Kapoor to its Board of Directors (the “Board”).
  • “We are pleased to announce an exceptional new member to our Board.
  • His expertise brings fresh understanding and best practices to our Board,” said Brian Lane, President and CEO of the Company.
  • Comfort Systems USA® is a premier provider of business solutions addressing workplace comfort, with 177 locations in 136 cities across the nation.

Marcus & Millichap’s Institutional Property Advisors Brokers Luxury Midrise Multifamily Asset Sale in Greater Phoenix

Retrieved on: 
Friday, July 19, 2024

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced the sale of Glen 91, a 296-unit multifamily asset in Glendale, Arizona.

Key Points: 
  • Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced the sale of Glen 91, a 296-unit multifamily asset in Glendale, Arizona.
  • The property sold for $76.5 million, or $258,446 per unit.
  • Home to State Farm Stadium, Desert Diamond Arena, and Tanger Outlets, the Westgate Entertainment District is within walking distance of the property.
  • Completed in 2023, Glen 91 has climate-controlled interior corridors, a resort-style swimming pool, hammock garden, covered parking, and attached garages.

Ascent Developer Solutions Launches Strategic Private Lending Platform for Premier Single- and Multi-Family Developers

Retrieved on: 
Friday, July 19, 2024

Robert Wasmund and funds managed by Elliott Investment Management L.P. (“Elliott”) have partnered to launch Ascent Developer Solutions (“AscentDS”), a relationship-based lender providing customized financing solutions to top-tier real estate developers.

Key Points: 
  • Robert Wasmund and funds managed by Elliott Investment Management L.P. (“Elliott”) have partnered to launch Ascent Developer Solutions (“AscentDS”), a relationship-based lender providing customized financing solutions to top-tier real estate developers.
  • Elliott’s investment is intended to support both the build-out of the platform’s operations and the growth of its portfolio-lending capabilities.
  • The continued undersupply of housing, along with the aging stock of existing homes, creates a natural demand for new construction and renovation investments.
  • Founder and CEO Robert Wasmund is a pioneer in the residential construction and bridge lending industry.

Lucid Capital Markets Establishes REIT Equity Research Group With Hiring of Industry Veteran Craig Kucera

Retrieved on: 
Friday, July 19, 2024

Lucid Capital Markets, LLC (“Lucid”), a full service broker dealer and investment bank, is pleased to announce the establishment of its REIT Equity Research Franchise with the hiring of Craig Kucera as Managing Director.

Key Points: 
  • Lucid Capital Markets, LLC (“Lucid”), a full service broker dealer and investment bank, is pleased to announce the establishment of its REIT Equity Research Franchise with the hiring of Craig Kucera as Managing Director.
  • “We are excited to welcome Craig to Lucid’s equity research team.
  • He brings significant industry and research experience to our equity REIT vertical, which demonstrates Lucid’s commitment to best-in-class expertise,” said David Rosenberg, CEO of Lucid’s Investment Bank.
  • Prior to joining Lucid, Craig focused on the real estate sector for more than 25 years.

Global Lignin Market Analysis, Size, Trends and Forecasts 2023-2024 & 2029: Businesses Expanding R&D Activities to Expand Product Portfolios and Increase their Market Share - ResearchAndMarkets.com

Retrieved on: 
Friday, July 19, 2024

The global lignin market value stood at US$995.24 million in 2023, and is expected to reach by US$1.33 billion by 2029.

Key Points: 
  • The global lignin market value stood at US$995.24 million in 2023, and is expected to reach by US$1.33 billion by 2029.
  • The global lignin market is relatively fragmented with large number of companies, ranging from established brands to smaller regional players and niche manufacturers catering to the industry demand.
  • Most of the businesses are investing substantially in R&D activities to expand product portfolio and increase their lignin market share.
  • By Form: The report provides the bifurcation of the global lignin market into two segments on the basis of form: liquid and solid.