REAL ESTATE

Hulen Mall launches multi-million-dollar renovation project

BY CSA STAFF

Fort Worth, Texas –Chicago-based General Growth Properties announced that Hulen Mall, in Fort Worth, Texas, will undergo a major interior facelift and renovation beginning Monday, May 23.

The transformation will include numerous shopper amenities and aesthetic upgrades such as new energy-saving lighting; all new flooring throughout the center; a new family restroom area; a play area, extensive painting and more. The entire project is expected to be completed within the next six months. Much of the work will take place after mall hours to ensure an optimum shopping experience for customers and retailers.

The completion of the interior construction will coincide with the completion of the new 22,000-sq.-ft. outdoor restaurant plaza currently underway on the east side of Hulen Mall. Abuelo’s and BJ’s Restaurant & Brewhouse are targeting November opening dates.

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REAL ESTATE

Forest City names new regional president in Texas

BY CSA STAFF

Cleveland, Ohio –Forest City Enterprises, Inc., announced the creation of a new leadership position to support the company’s growing presence in the Texas real estate market.

Effective immediately, Brian Ratner has been promoted to president of Forest City Texas and will lead the company’s Texas operations from its regional office in Dallas.

“Texas is one of the strongest markets in the country and we believe it continues to offer us tremendous opportunities,” said Charles A. Ratner, Forest City president and CEO. “Over the past several years, we have made significant investments in the region, including our Mercantile Place on Main apartment community in downtown Dallas, as well as land projects in Dallas, Houston, San Antonio and El Paso. Brian’s appointment in Dallas reinforces our strong commitment to developing and operating a vibrant and diversified portfolio of real estate in this growing market.”

Brian Ratner was previously president of East Coast Development for Forest City’s Commercial Group.

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FINANCE

Emcor to acquire USM

BY CSA STAFF

Norwalk, Conn. Construction and engineering company Emcor Group Inc said it agreed to buy privately owned USM Services Holdings Inc from Transfield Services Ltd. for $255 million in cash to broaden its position in the facilities and maintenance services business.

“Our two businesses are highly complementary to each other, as USM is a leader in predictive, scheduled interior and exterior maintenance services, while EMCOR leads the market in providing site-based and mechanical services and other electrical and mechanical trades services,” said Tony Guzzi, president and CEO, Emcor. “In an environment in which customers are increasingly looking to centralize their outsourcing with a quality provider, we will together offer a compelling, comprehensive value proposition that is unmatched in the marketplace."

The acquisition is expected to close by the end of June.

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