Commercial Building & Real Estate

Riyadh on Track to Become Sustainable City – International Experts

Tuesday, November 19, 2019 - 7:46am

A panel of prominent international experts from various academic and professional fields have concluded a symposium on Riyadhs plans to become a world-class sustainable city.

Key Points: 
  • A panel of prominent international experts from various academic and professional fields have concluded a symposium on Riyadhs plans to become a world-class sustainable city.
  • View the full release here: https://www.businesswire.com/news/home/20191118005985/en/
    'Riyadh The Sustainable City Symposium (Photo: AETOSWire)
    The Symposium, hosted by The Royal Commission for Riyadh (RCRC), took place at King Fahad Library, Riyadh on 12th and 13th November 2019.
  • Collectively, these 4 projects will make Riyadh a phenomenally attractive city in which to live, to work and to visit, he added.
  • For more information about the Riyadh: The Sustainable City Symposium, please visit: www.rda.gov.sa/sme-symposium

Adoption of Technology Now an Imperative for the Future of Real Estate, According to IPUT’s Shaping our Cities Report

Tuesday, November 19, 2019 - 7:00am

The report looks at how digital technology is influencing the expectations and demands of investors, owners and occupiers.

Key Points: 
  • The report looks at how digital technology is influencing the expectations and demands of investors, owners and occupiers.
  • This, in turn, is now driving the sector to more rapidly integrate technology into their buildings, service offering and asset management capability.
  • There is now a critical need for the real estate community to invest in sustainable buildings and the public realm.
  • Lan Doody, Arup Europe Digital Property and Smart Cities Leader, commented:
    Real estate has always shaped cities, and technology has always shaped real estate.

Ricoh Group Moves Regional Hub to Dubai Silicon Oasis

Tuesday, November 19, 2019 - 6:30am

Dubai Silicon Oasis, an integrated free zone technology park, and Ricoh Group, a Japanese multinational imaging and electronics company, celebrated the inauguration of Ricoh Groups new regional commercial hub at DSO.

Key Points: 
  • Dubai Silicon Oasis, an integrated free zone technology park, and Ricoh Group, a Japanese multinational imaging and electronics company, celebrated the inauguration of Ricoh Groups new regional commercial hub at DSO.
  • In 2017, Ricoh announced its 3 years growth strategy ending 2020, supported by an investment of approx.
  • Henning Rudbech, CEO Ricoh EMEA Group, said: At Ricoh, we offer full range of end-to-end solutions in core areas, including office technologies, commercial and industrial printing, and IT services.
  • As a Middle East hub, Dubai provides an ideal base for our branch in the region.

Asia’s Leading Technology Agency and Software Company, Integrated Management Systems (IMS), Launches Property Raptor, an AI-Driven, State-of-the-Art Real Estate Software Solution

Tuesday, November 19, 2019 - 4:32am

This speeds up the sales process, optimises buyers experience, and ensures repeat purchases and adoption of the solution.

Key Points: 
  • This speeds up the sales process, optimises buyers experience, and ensures repeat purchases and adoption of the solution.
  • Property Raptor is a unique, sophisticated yet easy-to-use system that we have designed and built closely with the real estate industry.
  • Justin is able to leverage his network in the real estate sector to guide Property Raptor to becoming the leading CRM platform in Asia.
  • Integrated Management Systems (IMS) is Asias leading Digital Transformation Agency, offering technological solutions for data-driven strategies that transform businesses.

Granite Awarded $14 Million Airfield Improvement Project in California

Monday, November 18, 2019 - 10:49pm

Granite (NYSE:GVA) announced today it was awarded task orders totaling $14 million by Naval Facilities Engineering Command, Southwest, San Diego, California under a multiple award construction contract to repair taxiway India at Naval Base Coronado.

Key Points: 
  • Granite (NYSE:GVA) announced today it was awarded task orders totaling $14 million by Naval Facilities Engineering Command, Southwest, San Diego, California under a multiple award construction contract to repair taxiway India at Naval Base Coronado.
  • Work will be performed in San Diego, California, and is expected to be completed by December 2020.
  • In addition to being one of the Worlds Most Ethical Companies for ten consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability.
  • For more information, visit graniteconstruction.com , and connect with Granite on LinkedIn , Twitter , Facebook and Instagram .

Ellington Financial Inc. Announces Common Stock Offering

Monday, November 18, 2019 - 9:13pm

Ellington Financial Inc. (NYSE: EFC) (Ellington Financial or the "Company") announced today that it has commenced an underwritten public offering of 4,200,000 shares of common stock.

Key Points: 
  • Ellington Financial Inc. (NYSE: EFC) (Ellington Financial or the "Company") announced today that it has commenced an underwritten public offering of 4,200,000 shares of common stock.
  • The Company also expects to grant the underwriters an option for 30 days to purchase up to an additional 630,000 shares of common stock.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.
  • Examples of forward-looking statements in this press release include, without limitation, statements regarding the completion of the Companys offering of shares of common stock and the anticipated use of proceeds.

Safehold Announces Public Offering and Concurrent Private Placement

Monday, November 18, 2019 - 9:15pm

Safehold Inc. (NYSE:SAFE) (the Company) announced today that it has commenced an underwritten public offering to sell 2,000,000 shares of its common stock.

Key Points: 
  • Safehold Inc. (NYSE:SAFE) (the Company) announced today that it has commenced an underwritten public offering to sell 2,000,000 shares of its common stock.
  • Concurrently with the completion of the public offering, the Company will sell to iStar Inc. (NYSE:STAR), in a private placement, a number of shares of common stock equal to 65% of the total number of shares sold in the offering and the concurrent private placement (including any shares sold pursuant to the underwriters' additional purchase option) up to a maximum aggregate purchase price of $130 million, at the public offering price per share and subject to rounding.
  • The Company intends to use the net proceeds from the offering and concurrent private placement to make additional ground lease investments.
  • Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan, Barclays, and Mizuho Securities will act as joint book-running managers for the offering.

Safehold Signs Agreement to Originate New $180 Million Ground Lease in New York City

Monday, November 18, 2019 - 9:05pm

Safehold Inc. (NYSE: SAFE) announced it has entered into a definitive agreement with an institutional investment manager to create a new $180 million Safehold ground lease under the office property at 685 Third Avenue in New York City.

Key Points: 
  • Safehold Inc. (NYSE: SAFE) announced it has entered into a definitive agreement with an institutional investment manager to create a new $180 million Safehold ground lease under the office property at 685 Third Avenue in New York City.
  • The transaction is expected to close in 2019, and is subject to customary closing conditions.
  • The property has an attractive footprint, occupying the entire city block and has undergone significant capital improvements since 2004.
  • Safehold Inc. (NYSE: SAFE) is a publicly traded REIT that originates and acquires ground leases in order to generate attractive long-term risk-adjusted returns.

JBG SMITH Submits Plans for New Mixed-Use Office Space in National Landing

Monday, November 18, 2019 - 9:30pm

The current plan calls for a nine-story building, underground parking, and expansive park space on vacant land that JBG SMITH owns.

Key Points: 
  • The current plan calls for a nine-story building, underground parking, and expansive park space on vacant land that JBG SMITH owns.
  • In the aggregate, these projects constitute over half of JBG SMITHs 6.9 million square foot Future Development Pipeline in National Landing.
  • JBG SMITH is also serving as the fee developer for Amazons new headquarters and the master developer for the Virginia Tech Innovation Campus, all located in National Landing.
  • JBG SMITH currently owns 6.2 million square feet of existing office space, 2,850 units of existing multifamily space, and controls 6.9 million square feet of additional development opportunities in National Landing, excluding Amazons land purchase.

Empire Today® Receives the 2019 Cigna Outstanding Culture of Well-Being Award for the Second Consecutive Year

Monday, November 18, 2019 - 8:21pm

Empire Today was bestowed, for the second year in a row, Cignas Outstanding Culture of Well-Being Award for the Mid-West Region.

Key Points: 
  • Empire Today was bestowed, for the second year in a row, Cignas Outstanding Culture of Well-Being Award for the Mid-West Region.
  • Additionally, Empire was recognized for their monthly benefits communication and commitment to regularly requesting and implementing feedback to improve company wellness initiatives.
  • Empire Todays goals are to improve our customers experiences, strengthen our peoples experiences of working for Empire, and grow the business.
  • Being chosen for this award highlights the success weve had in making Empire a great place to work, said Keith Weinberger, CEO of Empire Today.