Other Construction & Property

Corvias Receives National Award for Military Housing Property Management

Retrieved on: 
Tuesday, February 21, 2023

Corvias Property Management received a national “Resident Satisfaction Award” from SatisFacts for earning high customer service survey scores for its management of on-post housing of more than 72,000 residents across seven U.S. Army installations nationwide.

Key Points: 
  • Corvias Property Management received a national “Resident Satisfaction Award” from SatisFacts for earning high customer service survey scores for its management of on-post housing of more than 72,000 residents across seven U.S. Army installations nationwide.
  • These SatisFacts Resident Satisfaction Awards reflect Corvias Property Management’s ongoing commitment to delivering high-quality customer service,” added Pete Sims, managing director for Corvias’ DoD portfolio.
  • The SatisFacts Awards recognize top property management companies and housing communities that provide an outstanding resident experience.
  • The Corvias onsite team receives SatisFacts reports monthly and annually.

Finance of America Issues Statement on the Proposed Sale of Commercial Lending Business

Retrieved on: 
Tuesday, February 21, 2023

Finance of America Companies Inc. (NYSE: FOA ) (“FOA” or the “Company”), a leading specialty finance and solutions platform, issued the following statement today from FOA Interim Chief Executive Officer Graham A. Fleming regarding the entry into an agreement for the sale of operational assets of Finance of America Commercial, a division of an FOA subsidiary that offers residential real estate investment loans, to Roc Capital Holdings LLC (“Roc360”), a vertically-integrated digital platform for residential real estate investors:

Key Points: 
  • Finance of America Companies Inc. (NYSE: FOA ) (“FOA” or the “Company”), a leading specialty finance and solutions platform, issued the following statement today from FOA Interim Chief Executive Officer Graham A. Fleming regarding the entry into an agreement for the sale of operational assets of Finance of America Commercial, a division of an FOA subsidiary that offers residential real estate investment loans, to Roc Capital Holdings LLC (“Roc360”), a vertically-integrated digital platform for residential real estate investors:
    “Today’s announcement is another step taken by the Company as it executes on its long-term strategy.
  • By streamlining our focus and growing our core businesses, which benefit from a shared set of demographic and economic tailwinds, FOA can more effectively dispatch our innovative suite of solutions to help Americans achieve their retirement goals through the use of home equity.”
    Credit Suisse Securities (USA) LLC acted as financial advisor to FOA.
  • For more information, please see our Current Report on Form 8-K to be filed with the Securities and Exchange Commission (the “SEC”).

South Africa Construction Industry Databook Report: Market to Grow at a CAGR of 5.8% During 2023 to 2027 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 21, 2023

The "South Africa Construction Industry Databook Series - Market Size & Forecast by Value and Volume, Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "South Africa Construction Industry Databook Series - Market Size & Forecast by Value and Volume, Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • According to the report, the construction industry in South Africa is expected to grow by 5.0% to reach ZAR 232,263 million in 2023.
  • The construction industry in South Africa is expected to grow steadily over the next four quarters.
  • Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2018-2027 in South Africa.

Spain Elevator and Escalator Market Size & Growth Forecasts 2023 - 2029: Governments Efforts to Expand Infrastructure Across the Nation to Increase Demand for New Installations - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 21, 2023

The "Spain Elevator and Escalator - Market Size & Growth Forecast 2023-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Spain Elevator and Escalator - Market Size & Growth Forecast 2023-2029" report has been added to ResearchAndMarkets.com's offering.
  • LEED is the world's most widely used green building rating system and provides a framework for healthy, highly efficient, and cost-saving green buildings.
  • Maintenance and modernization accounted for 61.2% and 38.8%, respectively, for 2022 in the Spain elevator and escalator market.
  • Between 2021 and 2023, for artificial intelligence development, €600 million (USD 720 million) will be allocated in public investment.

Fluor Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 21, 2023

Energy Solutions reported a profit of $301 million in 2022 compared to $250 million in 2021.

Key Points: 
  • Energy Solutions reported a profit of $301 million in 2022 compared to $250 million in 2021.
  • Urban Solutions reported a profit of $3 million in 2022 compared to $38 million in 2021.
  • Mission Solutions reported a profit of $136 million in 2022 compared to $155 million a year ago.
  • New awards in 2022 increased due to a 4-year contract extension on the Department of Energy Savannah River Site in the third quarter.

BrightSpire Capital, Inc. Announces Fourth Quarter & Full Year 2022 Financial Results

Retrieved on: 
Tuesday, February 21, 2023

BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2022, and certain updates.

Key Points: 
  • BrightSpire Capital, Inc. (NYSE: BRSP) (“BrightSpire Capital” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2022, and certain updates.
  • The Company reported GAAP net book value of $10.77 per share and undepreciated book value of $12.06 per share as of December 31, 2022.
  • A reconciliation to net income/(loss) attributable to BrightSpire Capital common stockholders, the most directly comparable GAAP measure, is included in our full detailed Fourth Quarter 2022 Supplemental Financial Report and is available on our website at www.brightspire.com .
  • The Company will conduct a conference call to discuss the financial results on February 21, 2023 at 10:00 a.m.

The Preiss Company Strengthens Property Management Team with Multiple Promotions

Retrieved on: 
Tuesday, February 21, 2023

Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced several promotions in preparation for continued growth and enhancement of the company’s property management platform.

Key Points: 
  • Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today announced several promotions in preparation for continued growth and enhancement of the company’s property management platform.
  • “From our inception over 35 years ago, The Preiss Company was founded on strong property management and operations.
  • In her new role as Executive Vice President of Property Management, Sara joins the TPCO executive team as she becomes involved with the entire management portfolio.
  • Having joined TPCO in 2006, Rasmussen has held multiple roles within the organization, including Property Manager and Regional Manager.

Belgard Brings Back “Inside Out with Belgard” Podcast for Season Two

Retrieved on: 
Tuesday, February 21, 2023

The first episode of Season Two is available now at Belgard.com/InsideOut , as well as all major podcast platforms.

Key Points: 
  • The first episode of Season Two is available now at Belgard.com/InsideOut , as well as all major podcast platforms.
  • Later in the series, Raboine will speak with experts across the industry including landscape designer, contractor and DIY Network T.V.
  • Additional special guests will be announced on the podcast throughout the season.
  • You can subscribe to all episodes at Belgard.com/InsideOut or on all major podcast platforms.

Bowman Awarded $5 Million On-Call Contract with Massachusetts Bay Transportation Authority

Retrieved on: 
Tuesday, February 21, 2023

Bowman Consulting Group Ltd. (collectively with its subsidiaries, the “Company” or “Bowman”) (NASDAQ: BWMN) announced it has been awarded a $5 million multi-year on-call contract to provide bus system infrastructure improvements for the Massachusetts Bay Transportation Authority (MBTA).

Key Points: 
  • Bowman Consulting Group Ltd. (collectively with its subsidiaries, the “Company” or “Bowman”) (NASDAQ: BWMN) announced it has been awarded a $5 million multi-year on-call contract to provide bus system infrastructure improvements for the Massachusetts Bay Transportation Authority (MBTA).
  • Assignments under the contract will focus on enhancing the efficiency and reliability of bus operations and improving the passenger experience along the system’s 171 bus routes.
  • The direct assignment was awarded to Bowman’s wholly owned McMahon subsidiary as prime consultant for planning, design and construction phase services.
  • “The MBTA provides a critical transit connection for many residents in Greater Boston,” said Gary McNaughton, Executive Vice President – Transportation of Bowman.

Tractor Supply to Participate in Raymond James 44th Annual Institutional Investors Conference

Retrieved on: 
Tuesday, February 21, 2023

Tractor Supply Company (NASDAQ: TSCO ), the largest rural lifestyle retailer in the United States, today announced its participation in the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023.

Key Points: 
  • Tractor Supply Company (NASDAQ: TSCO ), the largest rural lifestyle retailer in the United States, today announced its participation in the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023.
  • Hal Lawton, President and Chief Executive Officer, and Kurt Barton, Executive Vice President and Chief Financial Officer, will deliver a 30-minute presentation beginning at 8:40 a.m. Eastern Time.
  • The event will be webcast live at IR.TractorSupply.com .
  • A recorded version will be available for viewing shortly after the presentation.