Business Specialties
Kennedy Wilson Gets $100M Commitment from Fairfax
Calling it “the single greatest event in Kennedy Wilson’s history thus far,” Kennedy Wilson chairman and CEO William McMorrow on Wednesday announced that the company had secured a stock purchase agreement with Toronto-based Fairfax Financial Holdings Ltd.
Skanska Tapped for $115M Seattle Road Construction
The Swedish development and construction firm will build the $115 million Alaskan Way Viaduct in Seattle, a 0.8-mile stretch on the southern section of the Alaskan Way on the State Route 99 bypass in downtown Seattle.
Economy Watch: Consumers Open Their Wallets a Little More in April
At the forefront of the increase was a 6.9 percent upsurge in sales at building-material stores, such as DIY giant Home Deport and smaller chains of hardware stores, as consumers not only bought spring-related yard items but also replaced more durable equipment such as lawn mowers and big-ticket barbecue systems.
Turner Tapped for $31M Renovation of Portland’s PGE Park
The company will be responsible for overseeing the construction of a training facility, club seating with a full-service restaurant, grandstands with concessions, a roof structure to cover the stands and a new playing field.
Economy Watch: New NW Florida Airport Spurs CRE Development
In a commercial real estate economy like this, finding spots of growth can be a little tricky, but they’re out there.
SPECIAL REPORT: ABA Panel Outlines Potential Situations in LLCs that Need to be Considered at Time of Formation
The LLC is one of the most widely used, but by no means straightforward, ownership entities today. When creating the original LLC contract, many potential situations need to be anticipated.
Report: Santa Clara City Council Approves New Yahoo! Complex
The San Jose Mercury News is reporting that the Santa Clara City Council has given the nod to an enormous new Yahoo campus.
Economy Watch: Good News, Bad News for Retailers
Some good news: Whole Foods Market Inc. said that its fiscal second-quarter profit more than doubled compared with the same period in 2009, jumping from $27.3 million to $67.4 million.
Economy Watch: Home Prices Mostly Stable
According to the latest survey of home prices by the National Association of Realtors, released on Tuesday, 91 out of 152 U.S. metropolitan statistical areas recorded higher median existing single-family home prices compared with the first quarter of 2009; three MSAs were unchanged; and 58 metros experienced price declines.
$159M in Financing Arranged for $417M Military Housing Project in Alaska
The Alaska Housing Finance Corp. (AHFC) has just agreed to provide $159.4 million in financing to help facilitate a military housing upgrade project at Fort Wainwright and Fort Greely in Alaska.