REAL ESTATE

Partnership provides integrated real estate management system

BY CSA STAFF

Atlanta Virtual Premise, provider of Web-based real estate information management solutions, has announced a partnership with WorkOasis, a provider of Web-based facility maintenance and service management solutions. The partnership will create an expanded real estate information management solution that delivers a fully Integrated Workplace Management System.

According to the companies, WorkOasis is designed to streamline and automate chain retailers’ real estate processes, including planning, scheduling and reconciling maintenance requests. The solution includes management of integrated work orders, service history, invoicing and payment processing.

“In today’s challenging economic times, companies need a technology solution that has a strong combination of rapid time-to-value and on-demand features,” said Andy Thomas, president and COO of Virtual Premise. “As a SaaS solution provider and long-term supplier in the facilities maintenance market, WorkOasis has a depth of experience that is challenging to replicate.”

The partnership transcends the traditional suite-based IWMS approach, added Thomas, by giving customers access to deep functionality, as well as the flexibility to integrate the technology they need, when they need it. “Our customers will experience improved operational efficiency as a result of a technology solution that is flexible, scalable and easy to use.”

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A&P 4Q loss widens

BY CSA STAFF

MONTVALE, N.J. A&P reported a loss from continuing operations of $83.4 million for the fourth quarter, compared with a loss of $44.6 million for the same period last year.

Sales for the fourth quarter were $2.3 billion, compared with $2.2 billion in the prior year’s fourth quarter. Comparable-store sales decreased 1.3% during the comparable 13-week period.

Christian Haub, executive chairman of the board, said, “The current challenging economic environment has clearly impacted our business, as it has all in our industry. That being said, A&P has continued to make progress on many fronts and we have plenty of reasons to be optimistic for the future of our company, including good performance in our Fresh, Gourmet and Discount businesses and the realization of target synergies from the Pathmark acquisition.

“We are also confident that, similar to the improvements we have accomplished in the core A&P business, the initiatives we have recently enacted will improve the overall Pathmark business.

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Industry veteran joins ProBuild board

BY CSA STAFF

ProBuild Holdings, the nation’s largest pro dealer, has announced the election of Carl Hedlund to its board of directors. Hedlund, who retired as president of Therma-Tru in 2007, will serve as a member of the board’s compensation committee.

Prior to Therma-Tru, Hedlund spent 28 years with Owens Corning in a variety of leadership positions, both in the fiberglass building materials and the composite businesses, including president of the roofing and asphalt division and president of the retail distribution division. 

Internationally, Hedlund served as president of the Asia/Pacific and Hong Kong business, as well as president of the international building materials business in Belgium.

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