Commercial Building & Real Estate

Built Technologies Names Digital Payment Expert Bora Chung and Engineering Veteran Matt Marenghi as Advisors

Retrieved on: 
Thursday, January 5, 2023
Commercial Building & Real Estate, Technology, Construction & Property, Finance, Fintech, Banking, Professional Services, Software, Residential Building & Real Estate, Online, Microsoft, Chung, Television, Multimedia, EBay, Engineering, Netflix, PayPal, DVD, Generation Investment Management, MSN TV, Korea, Senior, Comcast, Online shopping, Built, Remittance

Built Technologies , the fastest growing construction and real estate fintech provider in the U.S., today announced the addition of two industry veterans as company advisors, Bora Chung and Matt Marenghi.

Key Points: 
  • Built Technologies , the fastest growing construction and real estate fintech provider in the U.S., today announced the addition of two industry veterans as company advisors, Bora Chung and Matt Marenghi.
  • View the full release here: https://www.businesswire.com/news/home/20230105005660/en/
    Payment industry veteran Bora Chung named as advisor to Built Technologies (Photo: Business Wire)
    Chung is renowned for helping to revolutionize online consumer and business payments in her work as part of the early team at PayPal.
  • For over 12 years, Marenghi served as Vice President of Engineering at Netflix, during a period of rapid international growth.
  • “We are incredibly lucky to welcome Bora and Matt as Built advisors,” said Chase Gilbert, Co-founder and CEO at Built Technologies.

Southland Industries Completes Merger of Philadelphia-Based Subsidiary

Retrieved on: 
Thursday, January 5, 2023
Engineering, Utilities, Manufacturing, Commercial Building & Real Estate, Energy, Construction & Property, Building Systems, Philadelphia Division GAA Board, MEP, Lehigh Valley, Doctor of Philosophy, Confusion, Retail

Southland Industries today announced the completion of a brand consolidation with its Philadelphia-based subsidiary Burns Mechanical.

Key Points: 
  • Southland Industries today announced the completion of a brand consolidation with its Philadelphia-based subsidiary Burns Mechanical.
  • "It's an exciting time for both our customers and employees as we complete the consolidation of our various brands to Southland Industries," said Ted Lynch, Ph.D., CEO of Southland Industries.
  • “We are excited to move forward as Southland Industries and for all of the opportunities this brand consolidation provides for our people, clients, and partners,” said Dan Kerr, Philadelphia Division Leader.
  • This integration completes the final phase of Southland’s plan to consolidate all brands by January 2023.

Global Construction Industry Databook 2022: Collection of 20 Country Reports - Residential, Commercial, Industrial, Institutional, Infrastructure Construction and City Level Construction - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 5, 2023
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Government, Governador Valadares, Minas Gerais, Commercial, Omaxe, Federal territory, City, Construction, Growth, Dwarka, EGP, Investment, Delhi Development Authority, Airport, Table, US, Housing, Port of Santos, Renewable energy, Kingdom, Ninth Malaysia Plan

In its budget announcement in March 2022, the Australian government committed a further US$13.4 billion or A$17.9 billion to finance infrastructure projects in the country.

Key Points: 
  • In its budget announcement in March 2022, the Australian government committed a further US$13.4 billion or A$17.9 billion to finance infrastructure projects in the country.
  • This additional spending has brought its ten-year rolling transport infrastructure investment plan to US$89.9 billion or A$120 billion.
  • In addition to this, the Australian government has further committed US$5.5 billion or A$7.4 billion in funding for the construction of water infrastructure.
  • While France is investing in key global construction projects, the country is also attracting foreign investments toward domestic infrastructure projects.

Beneficient Heartland Foundation and Brad Heppner, Beneficient Founder and CEO, Announce Significant Recent Milestones in Bringing Grocery Store to Hesston with TEFFI Funds and Other Updates

Retrieved on: 
Thursday, January 5, 2023
Retail, Commercial Building & Real Estate, Construction & Property, State, Local, Socially Responsible Investing, Finance, Fintech, Banking, Business, Professional Services, Philanthropy, Public Policy, Government, Restaurant, Bar, Supermarket, Foundation, Food, Beverage, Maryland Department of Commerce, Economic development, Legislation, City, MOU, Kansas Department of Commerce, Acquisition, Committee, State, Trust, Main Street, Commerce, SEED, Pharmaceutical industry, Retail

Today the Beneficient Heartland Foundation (the “Foundation”) and Brad Heppner, Founder and Chief Executive Officer of The Beneficient Company Group, L.P. (“Beneficient”), announced the achievement of significant milestones in the Foundation’s efforts to bring a grocery store to downtown Hesston, Kansas, which has been without one since 2018.

Key Points: 
  • Today the Beneficient Heartland Foundation (the “Foundation”) and Brad Heppner, Founder and Chief Executive Officer of The Beneficient Company Group, L.P. (“Beneficient”), announced the achievement of significant milestones in the Foundation’s efforts to bring a grocery store to downtown Hesston, Kansas, which has been without one since 2018.
  • The Foundation’s decision to initially focus on a Hesston grocery store was prompted by a request to do so by the Hesston Chamber of Commerce – which itself had previously been tasked by city leaders with bringing a grocery store to Hesston.
  • I am incredibly excited at the progress the Foundation has made on bringing a grocery store to Hesston, which I am confident will improve the lives of residents.
  • Beneficient also facilitated a distribution to the Kansas Department of Commerce of nearly $3 million to support rural communities across the state.

Redfin Reports a Record Share of Home Sellers Are Giving Concessions to Buyers

Retrieved on: 
Thursday, January 5, 2023
Data Management, Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Software, Construction & Property, Welborn, Coronavirus, Housing, Sale, Real estate, Auction, Redfin

Redfin’s concessions records date back to July 2020 and are based on data submitted by Redfin buyers’ agents.

Key Points: 
  • Redfin’s concessions records date back to July 2020 and are based on data submitted by Redfin buyers’ agents.
  • “Buyers are asking sellers for things that were unheard of during the past few years,” said Van Welborn, a Redfin real estate agent in Phoenix.
  • In San Diego, sellers gave concessions to buyers in 73% of home sales in the fourth quarter—the highest share among the metros Redfin analyzed (San Diego also had the highest share a year ago).
  • In New York, sellers gave concessions to buyers in 13.4% of home sales—the lowest share among the metros Redfin analyzed.

Fluor Selected for Skouries Project in Greece

Retrieved on: 
Thursday, January 5, 2023
Architecture, Commercial Building & Real Estate, Construction & Property, Natural Resources, Building Systems, Engineering, Mining, Minerals, Manufacturing, Economic development, Skouries mine, Copper, FLR, EPCM, Multimedia, Corporation, Fluor Corporation, Gold, NYSE, Fluor, Eldorado Gold, Metal, Engineering, Mining, Construction

Fluor Corporation (NYSE: FLR) announced today that it was selected by Hellas Gold Single Member S.A., a wholly-owned subsidiary of Eldorado Gold Corp., to provide engineering, procurement and construction management (EPCM) services for its Skouries gold-copper mining project located within the Halkidiki Peninsula of Greece.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that it was selected by Hellas Gold Single Member S.A., a wholly-owned subsidiary of Eldorado Gold Corp., to provide engineering, procurement and construction management (EPCM) services for its Skouries gold-copper mining project located within the Halkidiki Peninsula of Greece.
  • Fluor booked its share of the $845 million project investment value in the fourth quarter of 2022.
  • View the full release here: https://www.businesswire.com/news/home/20230105005314/en/
    View of the Skouries project in Greece.
  • Fluor’s Vancouver office will serve as the lead office for the project with support from its New Delhi and Calgary offices.

VICI Properties Announces Release Date for Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Thursday, January 5, 2023
Casino, Gaming, Specialty, Entertainment, Retail, Tourist Attractions, General Entertainment, Restaurant, Bar, Urban Planning, Vacation, Other Travel, Lodging, Destinations, Travel, Golf, Other Construction & Property, Other Entertainment, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Sports, Music, Other Retail, Events, Concerts, Webcast, NYSE, ID, Mobile phone

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that it will release its fourth quarter and full year 2022 financial results on Thursday, February 23, 2023 after the close of trading on the New York Stock Exchange.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that it will release its fourth quarter and full year 2022 financial results on Thursday, February 23, 2023 after the close of trading on the New York Stock Exchange.
  • The Company will host a conference call and audio webcast on Friday, February 24, 2023 at 9:00 a.m. Eastern Time (ET).
  • The conference call can be accessed by dialing 646-904-5544 (domestic) or +1 929-526-1599 (international) and entering the conference ID 160767.
  • ET.

RPM Reports Record Fiscal 2023 Second-Quarter Results

Retrieved on: 
Thursday, January 5, 2023
Other Manufacturing, Commercial Building & Real Estate, Construction & Property, Chemicals, Plastics, Home Goods, Manufacturing, Building Systems, Retail, Residential Building & Real Estate, SPG, EBIT, 2025, PCG, RPM International, RPM, Growth, Yahoo! Consumer group, MAP, Consumer, Forecasting, CPG, Webcast, EDT, Capital expenditure, Video game, Retail, Music, Internet service provider

The low profitability in fiscal 2022 second quarter contributed to the strong year-over-year adjusted EBIT growth in the fiscal 2023 second quarter.

Key Points: 
  • The low profitability in fiscal 2022 second quarter contributed to the strong year-over-year adjusted EBIT growth in the fiscal 2023 second quarter.
  • The increase was driven by higher earnings partially offset by increased inventory purchases in the fiscal 2023 first quarter designed to improve supply chain resiliency.
  • During the second quarter of fiscal 2023, RPM increased its annual dividend to $1.68 per share, representing the 49th consecutive year of dividend increases.
  • The company expects in the fiscal year 2023 third quarter:
    Consolidated sales to increase in the low-single-digit to mid-single-digit percentage range compared to prior-year record results.

Glenwood Management And CarbonQuest Announce Deployment of First-of-its-Kind Building Carbon Capture Tech in Five NYC Buildings

Retrieved on: 
Thursday, January 5, 2023
Commercial Building & Real Estate, Urban Planning, Construction & Property, Building Systems, Utilities, Green Technology, Oil, Gas, Alternative Energy, Environment, Energy, Sustainability, Carbon, York Avenue and Sutton Place, Partnership, Legislation, Plant, Multimedia, CO2, Paramount Tower Hotel & Residences, Glenwood Management, Sustainability, Climate change, Senior, Coal, Cement, Renewable energy

View the full release here: https://www.businesswire.com/news/home/20230105005237/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230105005237/en/
    CarbonQuest’s system at 1930 Broadway in New York captures carbon from building exhaust before it can be emitted as a greenhouse gas.
  • CarbonQuest’s modular Building Carbon Capture SystemTM offers several sizes to support a variety of building types and applications, with some large building applications reducing tens of thousands of tons per year.
  • Application of building carbon capture in NYC has the potential to quickly and cost effectively reduce hundreds of thousands of tons of emissions in NYC alone.
  • The carbon capture process at each property will also be coupled with the deployment of CarbonQuest’s Carbon Management Software™, providing real-time data and analytics to track the capture of the CO2 and its delivery to the customers in real time.

Carlisle Companies to Announce Fourth Quarter 2022 Results on February 7, 2023

Retrieved on: 
Thursday, January 5, 2023
Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Software, REIT, CSL, NYSE, Telephone, Webcast, Video game, Internet service provider, Mobile phone

Carlisle Companies Incorporated (NYSE:CSL) will release fourth quarter 2022 results on Tuesday, February 7, 2023, after the market close.

Key Points: 
  • Carlisle Companies Incorporated (NYSE:CSL) will release fourth quarter 2022 results on Tuesday, February 7, 2023, after the market close.
  • A conference call to discuss these results has been scheduled for 5pm ET on Tuesday, February 7, 2023.
  • The call can be accessed via webcast, along with related materials, at www.carlisle.com/investors/events-and-presentations and via telephone as follows:
    Please dial in or access the webcast at least 10 minutes prior to the start of the call.
  • An audio replay will be available on the Company’s website shortly after the completion of the call.