Other Construction & Property

Cumulus Raises $8M in Growth Capital to Make Industrial Facilities Cleaner, Safer, and More Productive

Friday, January 15, 2021 - 8:46pm

GEC is thrilled to provide Cumulus with the capital it needs to drive rapid growth, said Alexander Chmelev, who is a Partner of GEC and a Director of Cumulus.

Key Points: 
  • GEC is thrilled to provide Cumulus with the capital it needs to drive rapid growth, said Alexander Chmelev, who is a Partner of GEC and a Director of Cumulus.
  • Cumulus Digital Systems connects workers, tools, and data to its cloud-hosted Internet of Tools platform to make industrial facilities safer, cleaner, and more productive.
  • GEC is a private equity firm that provides growth capital to clean energy technology companies with proven, patented innovations.
  • Shell Ventures co-invests with other corporate investors and venture capital funds in both early-stage and late-stage (growth capital) companies, generally investing $2M-$25M over the life cycle of the deal.

2020 Market Study on Global Ports Construction - Track Projects With a Total Value of $441.3 Billion - ResearchAndMarkets.com

Friday, January 15, 2021 - 5:30pm

The publisher is currently tracking port construction projects with a total value of US$441.3 billion, which includes all projects from the early stages of pre-planning (announcement and study) through to the execution stage.

Key Points: 
  • The publisher is currently tracking port construction projects with a total value of US$441.3 billion, which includes all projects from the early stages of pre-planning (announcement and study) through to the execution stage.
  • The pipeline of projects is relatively advanced, with US$197.4 billion relating to projects that are already in execution and US$52.4 billion for projects in pre-execution (which includes the design, tender, award stages).
  • This report provides a detailed analysis of port construction projects globally, based on projects tracked by the publisher.
  • The report provides analysis based on the publisher's construction projects showing total project values and analysis by stage and funding.

Franklin Street Properties Corp. Declares Quarterly Dividend

Friday, January 15, 2021 - 5:00pm

Franklin Street Properties Corp. (FSP, our or we) (NYSE American: FSP) announced today that its Board of Directors declared a regular quarterly dividend of $0.09 per share of common stock for the period October 1, 2020 through December 31, 2020, payable on February 18, 2021 to stockholders of record as of January 29, 2021.

Key Points: 
  • Franklin Street Properties Corp. (FSP, our or we) (NYSE American: FSP) announced today that its Board of Directors declared a regular quarterly dividend of $0.09 per share of common stock for the period October 1, 2020 through December 31, 2020, payable on February 18, 2021 to stockholders of record as of January 29, 2021.
  • This press release, along with other news about FSP, is available on the Internet at www.fspreit.com .
  • We routinely post information that may be important to investors in the Investor Relations section of our website.
  • About Franklin Street Properties Corp.
    Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets.

Lithko Contracting, LLC Announces Asset Acquisition of Capitol Concrete Contractors, Inc.

Friday, January 15, 2021 - 3:57pm

Lithko Contracting, LLC (Lithko), a leading national concrete contractor, along with their equity partners The Pritzker Organization and DNS Capital, announced today that on December 31, 2020 they acquired assets of Capitol Concrete Contractors, Inc. (Capitol).

Key Points: 
  • Lithko Contracting, LLC (Lithko), a leading national concrete contractor, along with their equity partners The Pritzker Organization and DNS Capital, announced today that on December 31, 2020 they acquired assets of Capitol Concrete Contractors, Inc. (Capitol).
  • Capitol has been providing superior concrete contracting services since 2003, specializing in total package concrete construction, including foundations, tilt-walls, slabs, and site work.
  • Jordan Moore, Capitol Vice President, said, The team at Capitol is excited to partner with Lithko.
  • Rob Strobel, Lithko President, said, Capitol has an exceptional team and a proven track record of delivering value to its customers.

Worldwide Magnesite Industry to 2025 - Growing Demand from the Construction Industry - ResearchAndMarkets.com

Friday, January 15, 2021 - 3:34pm

Construction Industry is among the major users that has been using high-performance magnesia products for a long time.

Key Points: 
  • Construction Industry is among the major users that has been using high-performance magnesia products for a long time.
  • The adoption of magnesite in the construction industry is mainly due to its properties.
  • So, the demand and supply dynamics have changed and the supply of magnesia to the construction industry has decreased in 2020, compared to previous times.
  • The growing construction market in Asia-Pacific has been increasing the demand for ceramics from residential as well as industrial sectors.

Nick Stokes to Retire and Jeff Strom to Lead Boise Cascade’s Distribution Division

Friday, January 15, 2021 - 2:00pm

Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced today that Nick Stokes, executive vice president of the Companys Building Materials Distribution (BMD) business, has elected to retire on March 12, 2021, with 42 years of service.

Key Points: 
  • Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced today that Nick Stokes, executive vice president of the Companys Building Materials Distribution (BMD) business, has elected to retire on March 12, 2021, with 42 years of service.
  • The board of directors has appointed Jeff Strom to the role of executive vice president of the BMD division.
  • Nick has been a key leader in the strategic growth of BMD, said Tom Carlile, board chair.
  • I also offer a hearty congratulations to Jeff on his new role and responsibilities, said Nate Jorgensen, Boise Cascade CEO.

Dynex Capital, Inc. Announces Redemption of All Outstanding Shares of 7.625% Series B Cumulative Redeemable Preferred Stock

Friday, January 15, 2021 - 1:30pm

Dynex Capital, Inc. (NYSE: DX) (the Company) announced today that it intends to redeem all, approximately 2.8 million shares, of its outstanding Series B Cumulative Redeemable Preferred Stock (NYSE: DXPRB) (the Series B Preferred Stock) on February 15, 2021.

Key Points: 
  • Dynex Capital, Inc. (NYSE: DX) (the Company) announced today that it intends to redeem all, approximately 2.8 million shares, of its outstanding Series B Cumulative Redeemable Preferred Stock (NYSE: DXPRB) (the Series B Preferred Stock) on February 15, 2021.
  • The Series B Preferred Stock will be redeemed for $25 per share, plus $0.1535590 per share in accumulated and unpaid dividends, for an aggregate redemption price of $25.1535590 per share.
  • On the Redemption Date, dividends on the Series B Preferred Stock will cease to accumulate, and all rights relating to the Series B Preferred Stock will terminate, except the right to receive the Redemption Amount.
  • Payment of the Redemption Amount will be made only upon delivery and surrender of the Series B Preferred Stock to Computershare Inc., the Companys redemption and paying agent, during its normal business hours at the address specified in the Notice of Redemption.

Global Medium Density Fiberboard Market Outlook Report 2019-2027 - ResearchAndMarkets.com

Friday, January 15, 2021 - 1:10pm

The "Medium Density Fiberboard - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Medium Density Fiberboard - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
  • Global Medium Density Fiberboard market accounted for $62.40 billion in 2019 and is expected to reach $120.80 billion by 2027 growing at a CAGR of 8.6% during the forecast period.
  • Easy availability of raw materials and increase in demand for Medium Density Fiberboard for furniture are the major factors propelling market growth.
  • Based on the type, the E1 Medium Density Fiberboard segment is estimated to have lucrative growth due to this type of medium density fiberboard emits about 90.0% less formaldehyde than the E2 type medium density fiberboard.

$1.55 Billion Insulated Concrete Form (ICF) Market - Global Outlook to 2027 - ResearchAndMarkets.com

Friday, January 15, 2021 - 12:24pm

The "Insulated Concrete Form (ICF) - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Insulated Concrete Form (ICF) - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
  • Global Insulated Concrete Form (ICF) market accounted for $892.22 million in 2019 and is expected to reach $1,556.08 million by 2027 growing at a CAGR of 7.2% during the forecast period.
  • While factors like growing demand from hi-rise residential buildings and increasing preparedness toward disasters are propelling market growth.
  • Some of the key players profiled in the Insulated Concrete Form (ICF) Market include Amvic, BASF, Beco Products, Conform Global, Durisol, Fox Blocks, Kore, Liteform, Logix Insulated Concrete Forms, Polycrete International, Quad-Lock Building Systems, Rastra, Sunbloc, Superform Products, and Nudura.

Hydrobuilder Holdings Acquires Hydrobuilder.com and GreenCoast Hydroponics to Form a Leading Omni-channel Seller of Specialty Agriculture and Hydroponics Equipment and Supplies

Friday, January 15, 2021 - 1:00pm

Hydrobuilder Holdings LLC (Hydrobuilder Holdings) today announced its formation through the acquisitions of Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies, and GreenCoast Hydroponics, the second largest hydroponics retailer in the United States, to create a leading omni-channel retailer of specialty agriculture and hydroponics equipment and supplies.

Key Points: 
  • Hydrobuilder Holdings LLC (Hydrobuilder Holdings) today announced its formation through the acquisitions of Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies, and GreenCoast Hydroponics, the second largest hydroponics retailer in the United States, to create a leading omni-channel retailer of specialty agriculture and hydroponics equipment and supplies.
  • Hydrobuilder Holdings secured over $70 million in financing from a broad group of investors, led by Broadband Capital Investments.
  • As part of the transaction, the sellers of both Hydrobuilder.com and GreenCoast Hydroponics retained a meaningful equity stake in Hydrobuilder Holdings.
  • Hydrobuilder.com and GreenCoast will continue to be operated by their existing management teams under the newly-formed Hydrobuilder Holdings platform and substantially all team members from Hydrobuilder.com and GreenCoast will remain with Hydrobuilder Holdings.