Archive for December, 2013

23 Dec 2013

Residential component planned for Renaissance Square

by Scott Nishimura, Special Projects Reporter source: Fort Worth Business Press  The developer of the 200-acre Renaissance Square development in Southeast Fort Worth is closing in on an agreement to bring in Columbia Residential of Atlanta to build and manage 750 residential units. Hap Baggett, who launched the development after buying the property at U.S. 287 and East Berry Street in 2005, said in an interview he expects to complete the agreement in January, with construction of some of the units beginning in March 2015.
20 Dec 2013

Darden Announces Comprehensive Plan to Enhance Shareholder Value

Source: Darden December 19, 2013 Plan Includes Separating the Company's Red Lobster Business, Reducing New Unit Growth, Suspending Acquisitions, Increasing Operating Support Cost Savings, and Refining Senior Management Compensation and Incentive Programs ORLANDO, Fla., Dec. 19, 2013 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE: DRI) announced today that its Board of Directors has approved a comprehensive plan to enhance shareholder value, address changing industry dynamics in the casual dining sector and leverage the benefits of the Company's position as the premier casual dining restaurant company. The elements of this comprehensive plan include the following: Separate the company's Red Lobster business: Although no final decision has been made on the form of the separation, the Company expects to execute a tax-free spin-off of Red Lobster to its shareholders, but may also consider a sale of the Red Lobster business.
19 Dec 2013

SFC Paul Hansen Receives the Honorable Order of St. Barbara

We are very grateful for all of the men and women who serve, and who have served, in our military.  We have several of them among us as co-workers, and it’s great to see one of them be recognized for “demonstrating the highest standards of integrity and moral character; displaying an outstanding degree of professional competence; serving the United States Army or Marine Corps Field Artillery with selflessness; and contributing to the promotion of the Field Artillery in ways that stand out in the eyes of the recipient's seniors, subordinates and peers alike..”  Congratulations, Paul! "RED BULL CHAPTER"United States Field Artillery Association Red Bull Chapter United States Field Artillery Association 1st Battalion 194th Field Artillery 1659 Nelson Avenue, Fort Dodge, IA 50501-9613 1 December 2013 MEMORANDUM FOR: SFC Paul Hansen SUBJECT: Recipient of the Honorable Order of St. Barbara Congratulations! You have been awarded the Honorable Order of St. Barbara medallion by the United States Army Field Artillery Association. This is a prestigious award given by the association for the select few who stand above their brethren within the Field Artillery Community.
12 Dec 2013

Healthcare RE Experts Compare Notes at RealShare

By Jennifer LeClaire | National Source: SCOTTSDALE, AZ-Four hundred commercial real estate professionals flooded the Phoenician on Wednesday to find out from the deal makers what’s hot in healthcare real estate at RealShare Healthcare Real Estate. Players in the brokerage world, REITs, investment and finance, developer and healthcare real estate and hospital system leaders were on hand to share what they are seeing in the market. David Wilson, EVP, Lockard Development Inc., moderated the opening Transactions Panel. The panel explored what lenders are looking for, what cap rates to expect and the most important rates and trends. Panelists also talked who’s buying and selling and whether the mix is changing from the past. But the conversation kicked off with the all-important cap rate question.
3 Dec 2013

Lockard employees decorate Western Home Communities

by KRISTIN GUESS source: CEDAR FALLS | While many are pondering gift ideas this time of year, employees of one local business decided to give something that keeps on giving -- their time. More than 20 employees of the Lockard Cos., located in the Pinnacle Prairie development in Cedar Falls, took the afternoon off work Monday to decorate trees and hang garland at the Western Home Communities, which serves more than 800 residents. "Every year we try and pick some organization and just help out as part of Christmas and … try and model for all of our great associates what we all ought to be doing," said Ken Lockard, chairman of Lockard Cos. "It's easy to write a check. It's hard to give your time."