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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.
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 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.
By Jennifer LeClaire | National Source: http://www.globest.com/news/12_752/national/medical_office/Healthcare-RE-Experts-Compare-Notes-at-RealShare-340619.html 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.
by KRISTIN GUESS email@example.com source: http://wcfcourier.com/news/local/lockard-employees-decorate-western-home-communities/article_2177512c-e3f1-512d-a612-85453b0401a2.html 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."
By DAVID MOIN Source: http://www.wwd.com/retail-news/trends-analysis/icsc-preview-remaking-malls-in-an-internet-era-7291425 In an expanding digital world, mall owners and operators once feared the worst — extinction. While that’s not what’s happening, they are at a tipping point, seeking formats and ideas to reestablish the relevancy of their properties and to reverse declining traffic trends. “The whole dynamics of brick-and-mortar is changing,” observed Andrew Jennings, the chief executive officer of Karstadt department stores in Germany. “Traditional shopping centers have to rethink their layouts because the consumer today has limited time. That’s why the Internet is so popular because it is saving people time.” “You can’t think of your property as just a mall. Think of it as the intersection of life,” said Michael P. Glimcher, chairman and ceo of Glimcher Realty Trust, which develops and operates mixed-use, open-air, enclosed and outlet centers including The Outlet Collection/Jersey Gardens in Elizabeth, N.J. “Mix things you do with things you buy,” Glimcher advised. “It’s about how you complement the Internet, providing things the Internet can’t provide, not so much how you compete with the Internet.”