Construction & Property

Kioxia Commences Construction of New Fabrication Facility at Yokkaichi Plant to Support Sixth-Generation 3D Flash Memory Production

Thursday, February 25, 2021 - 4:00am

The facility will be one of the most advanced manufacturing operations in the world, dedicated to production of its proprietary 3D flash memory BiCS FLASHTM.

Key Points: 
  • The facility will be one of the most advanced manufacturing operations in the world, dedicated to production of its proprietary 3D flash memory BiCS FLASHTM.
  • Construction of the new facility will be divided into two phases to allow for continued production and shipment of cutting-edge flash memory products to meet ongoing market demand.
  • Located in Yokkaichi Plant, which offers the worlds largest flash memory production capacity, the Fab7 facility will further boost Kioxias entire production capacity by introducing an advanced manufacturing system that utilizes AI.
  • Accordingly, Kioxia and Western Digital expect to continue their joint venture investments for the Fab7 facility, including the creation of sixth-generation 3D flash memory.

TEPCO Power Grid, Incorporated and ATT Consultants Company Limited Were Jointly Awarded a Contract for an “Underground Substation Construction Project”, Through a Public Offering by the Metropolitan Electricity Authority of Thailand

Thursday, February 25, 2021 - 2:00am

This will be the first time that TEPCO PG has provided consultancy services for the construction of an underground substation in Thailand.

Key Points: 
  • This will be the first time that TEPCO PG has provided consultancy services for the construction of an underground substation in Thailand.
  • View the full release here: https://www.businesswire.com/news/home/20210224005467/en/
    More than 40 years experience in underground substation construction and O&M, including in the vast and densely populated Tokyo area.
  • Through the work, TEPCO PG will help MEA realize its plan to construct an underground substation in a public place.
  • Outline of "Consultancy services for underground substation construction project in Bangkok, Thailand"

Arconic Announces Pricing of Additional Notes Offering

Wednesday, February 24, 2021 - 10:33pm

Arconic Corporation (NYSE: ARNC) (Arconic or the Company) announced today the pricing of its offering of an additional $300 million aggregate principal amount of the Companys 6.125% Senior Secured Second-Lien Notes due 2028 (the Additional Notes).

Key Points: 
  • Arconic Corporation (NYSE: ARNC) (Arconic or the Company) announced today the pricing of its offering of an additional $300 million aggregate principal amount of the Companys 6.125% Senior Secured Second-Lien Notes due 2028 (the Additional Notes).
  • The Additional Notes will be issued at an offering price of 106.25% of the principal amount thereof, plus accrued interest from February 15, 2021.
  • The Additional Notes will be issued under the indenture governing the Company's existing 6.125% Senior Secured Second-Lien Notes due 2028 (the Existing Notes).
  • Any offers of the Additional Notes or related guarantees are being made only by means of a private offering memorandum.

PGT Innovations Announces Election of Xavier Boza to Board of Directors

Wednesday, February 24, 2021 - 10:30pm

PGT Innovations, Inc. (NYSE:PGTI), a national leader in premium windows and doors, including impact-resistant products and products designed to unify indoor/outdoor living spaces, today announced that it has elected Xavier Boza to its board of directors, effective March 1, 2021.

Key Points: 
  • PGT Innovations, Inc. (NYSE:PGTI), a national leader in premium windows and doors, including impact-resistant products and products designed to unify indoor/outdoor living spaces, today announced that it has elected Xavier Boza to its board of directors, effective March 1, 2021.
  • View the full release here: https://www.businesswire.com/news/home/20210224006146/en/
    PGT Innovations Announces Election of Xavier Boza to Board of Directors (Photo: Business Wire)
    We are excited to welcome Xavier as a new independent director to the PGT Innovations board, and especially value the significant experience he has gained in all aspects of human capital management, through serving in senior human resources roles with public and private companies for more than twenty years, said PGT Innovations CEO and President, Jeff Jackson.
  • He will serve as a Class I director and the board expects to nominate him to stand for election as a director at PGT Innovations 2022 annual meeting of stockholders.
  • The PGT Innovations family of brands include CGI, PGT Custom Windows & Doors, WinDoor, Western Window Systems, CGI Commercial, Eze-Breeze and NewSouth Window Solutions.

Blackstone Mortgage Trust to Present at the Citi 2021 Global Property CEO Conference

Wednesday, February 24, 2021 - 10:16pm

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced today that Steve Plavin, Chief Executive Officer, will present at the Citi 2021 Global Property CEO Conference on Monday, March 8, 2021 at 9:00 am ET.

Key Points: 
  • Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced today that Steve Plavin, Chief Executive Officer, will present at the Citi 2021 Global Property CEO Conference on Monday, March 8, 2021 at 9:00 am ET.
  • For those unable to listen during the webcast, a replay will be available on the website approximately an hour after the event.
  • Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia.
  • Blackstone Mortgage Trust assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.

TPG RE Finance Trust, Inc. Reports Operating Results for the Fourth Quarter and Full Year Ended December 31, 2020

Wednesday, February 24, 2021 - 10:10pm

TPG RE Finance Trust, Inc. (NYSE: TRTX) (TRTX or the Company) reported its operating results for the fourth quarter and full year ended December 31, 2020.

Key Points: 
  • TPG RE Finance Trust, Inc. (NYSE: TRTX) (TRTX or the Company) reported its operating results for the fourth quarter and full year ended December 31, 2020.
  • The full dividend, regular and special, was paid on January 22, 2021 to common stockholders of record as of December 28, 2020.
  • Carried at quarter-end an allowance for expected credit loss of $62.8 million, an increase from the prior quarter of $3.5 million.
  • The Company issued a supplemental presentation detailing its fourth quarter and full year 2020 operating results, which can be viewed at http://investors.tpgrefinance.com/ .

JBG SMITH Announces Approximately $115 Million in Private Sector Commitments to the Impact Pool and Funding for the Washington Housing Conservancy’s Crystal House Acquisition

Wednesday, February 24, 2021 - 10:15pm

JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it closed the Washington Housing Initiative Impact Pool at year-end 2020 with $114.5 million in investor commitments.

Key Points: 
  • JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that it closed the Washington Housing Initiative Impact Pool at year-end 2020 with $114.5 million in investor commitments.
  • The final closing of the Impact Pool admitted MainStreet Bank and other investors.
  • Prior to year-end, the Impact Pool provided a $6.7 million subordinate loan to the Washington Housing Conservancy (WHC), a nonprofit housing provider, for the purchase of Crystal House, an 825-unit apartment complex in Arlington, Virginia.
  • To date, the Impact Pool has deployed $21.8 million to preserve 1,151 units of affordable workforce housing.

Housing Is A Human Right Urges L.A. Officials to Now Quickly Produce More Homeless Housing Following Council Vote Today

Wednesday, February 24, 2021 - 9:31pm

Were pleased to see the City Council approve the homeless housing report -- its been long overdue.

Key Points: 
  • Were pleased to see the City Council approve the homeless housing report -- its been long overdue.
  • The City Council and Mayor Eric Garcetti must now ensure that the report is completed quickly -- and then produce housing with urgency.
  • Below, we present a short list of properties that L.A. officials should consider for low-income and homeless housing.
  • Beyond the homeless housing report, city leaders must be creative in their approach to deliver more low-income and homeless housing, added Shannon.