REAL ESTATE

Report: Urban Outfitters to build lifestyle village concept in Philly suburb

BY Staff Writer

New York — Urban Outfitters has purchased 6.5 acres in the Philadelphia suburb of Devon, Pa., on which is plans to build a lifestyle shopping village concept, according to Racked Philly.

The report said that the retailer plans to build a Terrain garden center, an Anthropologie, a boutique hotel, two restaurants, and a specialty foods market, along with such other possibilities as a health/spa facility.

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Verizon readies new enterprise cloud solution

BY Dan Berthiaume

New York – Verizon is preparing for the fourth quarter beta release of Verizon Cloud, its new cloud Infrastructure as a Service (IaaS) platform and cloud-based object storage service. With this service, Verizon hopes to combine the agility and economic benefit of a generic public cloud with the reliability and scale of an enterprise-level service, along with a high degree of control of performance.

Verizon Cloud has two main components: Verizon Cloud Compute and Verizon Cloud Storage. Verizon Cloud Compute is the IaaS platform. Verizon Cloud Storage is an object-based storage service.

“We are putting control and choice back in the hands of the user, while still addressing their needs for availability, performance and security,” said John Considine, CTO of Verizon Terremark. “We started from scratch, building the core components we felt necessary to achieve that goal.”

These new cloud services are supported by Verizon’s global IP network, global data centers and managed security services. Verizon also offers hosting, managed hosting and colocation services.

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An enlightening collaboration between Walmart and GE

BY CSA STAFF

Walmart was an early proponent of compact fluorescent light bulbs and now, thanks to a collaboration with GE, it plans to introduce low cost LED light bulbs under its Great Value store brand.

The energy-efficient LED, or light-emitting diode, technology provides the same quality and appearance of traditional lightbulbs, but LEDs are 80% more efficient, emit 40% less heat and last 25 times longer. By replacing all of the lightbulbs in their homes with energy-efficient LEDs that Walmart is selling for less than $10 customers can save an average of $129 per year, according to Walmart.

"Walmart makes purchasing LED a simple choice for consumers through the new low price and package design that is easy to understand. Consumers get excellent light output that is more reliable, convenient, better for the environment and saves money in the long run," said Steve Bratspies, EVP of general merchandise for Walmart.

Walmart’s new Great Value line includes 26 LED lightbulb types, including a non-dimmable 60-watt equivalent LED that will retail for $8.88; a Great Value dimmable 60-watt equivalent LED for $9.88; a Great Value Indoor flood non-dimmable 65-watt equivalent LED for $14.88; and a Great Value indoor flood Dimmable 65-watt equivalent for $15.88. The Great Value LED packaging simplifies the transition to LED for consumers by clearly outlining wattage equivalency, estimated energy cost savings and incandescent cost comparisons on the front of the package.

In addition to the Great Value offering, Walmart will offer one GE brand 60-watt equivalent dimmable bulb.

"GE and Walmart have worked in close concert for more than a decade to pioneer new applications for commercial LEDs," said John Strainic, GE Consumer Lighting General Manager. "We’ve taken the good collaboration we’ve made with Walmart to increase the energy efficiency of their facilities, and are beginning to make the same in-roads in the consumer lighting aisle."

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