Suffolk Wins Palm Beach State College Project

Suffolk Construction Company, a leading construction management firm will manage $8.3 million multi-story classroom building and infrastructure improvement project aiming for LEED Gold certification at the Palm Beach State College. The $8.3 million project will include construction of a new 36,000 square-foot multi-story building, the state-of-the-art teaching facility will create a dynamic teaching and learning environment for students by shifting the educational paradigm away from simply delivering content and toward engaging, empowering and connecting students nationwide. Palm Beach State College will be aiming for LEED Gold certification.

The school campus is located in a congested area with heavy pedestrian and vehicular traffic patterns, so the Suffolk project team will need to have a comprehensive logistics plan in place to limit disruption to ongoing campus activities and minimize the displacement of existing parking capacity. The architect on the project is Song and Associates, and the designing of the project will begin in March 2010 and construction will begin later in 2010 with final completion of the building expected in Fall 2011.

10% Of Real Estate Agents Surveyed Think Obama’s Mortgage Modification Program (HAMP) is Reducing Foreclosures

Realtor Homes & Land, a provider of real estate media and marketing for over 37 years, recently launched Market Pulse. In February Homes & Land asked over one hundred thousand real estate agents to report their opinions about their local real estate market. The national, state, and county results are published in the Market Pulse Survey Report. Overall, optimism is improving with most agents reporting an increase in homebuyer interest. However, in states with the highest foreclosure rates, buying appears to be driven by distressed home sales.

When asked if President Obama’s Home Affordable Modification Program (HAMP) “has reduced the rate of foreclosures in your market,” only 10 percent of respondents said ‘yes’. Initial details about HAMP became available on March 4, 2009 with the promise of easing at-risk homeowners. The plan makes available $75 billion in funding for up to four million homeowners, providing a modified interest rate and three months of a probationary period.

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Tennessee Company Awarded $10M Contract in Afghanistan

Only two months in to 2010, and one Tennessee company is beginning the year by winning a large contract overseas, while also projecting another significant growth year. Critical Mission Support Services (CMSS), a Maryville-based company specializing in providing governments and organizations around the world with mission critical services, was recently awarded a $10M contract with the Joint Contracting Command, Afghanistan. This contract serves as a vehicle to provide third country national or U.S. National personnel in support of the coalition efforts in Afghanistan.

With this most recent contract awarded, CMSS has already secured 25 percent of its total new business revenue goal for the entire year. As revenues grow, so to does the number of employees. By the end of 2010, CMSS expects to add 77 new staff employees to support its global operations.

Critical Mission Support Services (CMSS) is a global “turn-key” service provider dedicated to delivering world-class solutions to complex projects around the globe. The company offers a wide variety of services, including construction, life support, demining, logistics/procurement, security and IT communications.

Nations Power offers True Pre-Paid Electricity with Real-Time Pricing for Texans

This is a bit out of the Real Estate Tips Niche, but it is a service targeted at Homeowners. Nations Power today announced that it is providing pre-paid and real-time pricing for electricity to customers in Texas. The company will be using a Our one-of-a-kind, state-of-the-art software which was exclusively developed for the company by SmartGridCIS and designed specifically for use with smart meters. According to the company, this is ideal for Homeowners who are having problems paying for high up-front deposits or high pre-payments with other electric providers.

This allows Nations Power to deliver electricity to customers who are having problems paying for high up-front deposits or high pre-payments with other electric providers. Nations Power is the first electric provider to implement pre-pay with real-time pricing anywhere in the U.S. Its pre-paid and real-time pricing products can utilize the nearly 1,000,000 advanced smart meters currently installed in Texas. The billing solution allows customers to pre-pay for power on a daily basis versus the traditional monthly post-paid or month-ahead estimated pre-paid methods. Plans are for nearly 6 million customers to have smart meters in Texas by 2013.

To pay for power, customers can access the Nations Power website and pay with a Mastercard or Visa debit card, or go to one of its 110,000 payment centers including Wal-Mart, CVS/pharmacy, and MoneyGram locations.

Chase Opens Two More Centers to Keep Tri-State Area Families in Their Homes

Chase LogoChase today marked the official opening of new homeownership centers in the Bronx and Brooklyn to help families struggling with their mortgage payments. “We created these local Homeownership Centers as a place for our borrowers to sit down and discuss their situation face-to-face with trained loan advisors in these challenging times”

Chase now has five centers in the Tri-State area providing face-to-face assistance to distressed borrowers who have a loan serviced by Chase.

“We created these local Homeownership Centers as a place for our borrowers to sit down and discuss their situation face-to-face with trained loan advisors in these challenging times”

The Jersey City center is open Monday through Friday from 9 a.m. to 6 p.m., and by appointment on Wednesday until 8 p.m. All other centers are open Monday through Thursday from 10 a.m. to 7 p.m., Friday from 9 a.m. to 6 p.m., and 9 a.m. to 1 p.m. Saturday.

Customers who are late on mortgages from Chase, Washington Mutual or EMC may call the nearest homeownership center listed above to make an appointment with an advisor.

Customers may call (866) 550-5705 if they:

* Are current with payments but face financial hardship, which may lead to default
* Would like more information

The company opened 37 centers around the country since 2009, and plans to open 14 more by this spring.

£200 Million NGD Europe Mega Data Centre is UK’s Largest

Europe Mega Data Centre
Next Generation Data Ltd announces it has secured significant debt finance facilities from Lombard, the asset finance arm of The Royal Bank of Scotland. This is to help support the investment required for infrastructure equipment to fit out data halls inside the massive 75,000 sq metre building for the company’s first major blue chip customers. These are moving their extensive data centre operations into NGD Europe from early next year.

The £200 million project commenced eighteen months ago to convert the former LG Electronics semiconductor plant near Newport, South Wales, into a state-of-the-art Tier 3 data centre. NGD Europe has the flexibility to accommodate the current and future expansion requirements of the very largest corporate customers as befits a true next generation data centre. UK and overseas organizations with several older data centre sites that have become too small or constrained by lack of power now have the opportunity to consolidate their operations under NGD Europe which offers some of the best value available within its existing infrastructure.

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LSI Announces Sale of Shipley Associates

Logistic Specialties, Inc. (LSI), a consulting and management services company specializing in business development and program support services, announced today that the company has sold Shipley Associates, Inc. Terms of the transaction were not disclosed.

LSI serves corporate and government clients in the areas of defense, IT, professional services and economic development. LSI acquired Shipley Associates, which is known for its proposal development training and support services, three years ago.

“The major changes in government procurement and the maturing of corporate business development capabilities offer an excellent opportunity for LSI to integrate its 37 years of experience into a more agile, full-service business development and program support company,” said Sean Slatter, CEO of LSI. “Our clients are increasingly demanding new services and support customized to their changing competitive environments. The sale of Shipley provides the opportunity to invest in meeting these needs in new ways, which will deliver more value to our clients.”

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Hilco Real Estate to Sell Cabela’s Outlots in Sealed Bid Sale

Hilco Real Estate, LLC has set a deadline of December 4, 2009, at 5:00 PM CST, for sealed bids on the remaining development land surrounding the Cabela’s store in Owatonna, MN. Buyers will be given the opportunity to submit offers on one parcel, any combination of parcels, or the entire offering in bulk.

The offering consists of four parcels of development land ranging from 1.3 to 58+ acres for a total of 103+ acres. The land surrounds an existing 162,500 sq. ft. Cabela’s store and many national retailers, hotels, and restaurants. Businesses proximate to the development sites include: Holiday Inn, Comfort Inn, Wendy’s, Timber Lodge Steak House, Famous Dave’s BBQ, Slumberland Furniture, and a Kwik Trip Travel Center.

“Cabela’s is one of the world’s most respected merchants in the outdoor and recreational products arena,” said Josh Joseph, Senior Vice President of Hilco Real Estate. He added, “They have legions of loyal customers who travel from hundreds of miles to visit their stores.”

Due diligence information for all properties can be found at www.hilcorealestate.com/cabelas or by calling 847-313-4790.

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