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Welcome to the Rabine Group Blog. Please find news, resources, and other pertinent information on paving, roofing, fuel delivery, construction, and other related information.
By admin on
10/28/2011 2:09 PM
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By admin on
10/25/2011 4:08 PM
DUKE REALTY TO SELL OFFICE PORTFOLIO TO
BLACKSTONE FOR $1.08 BILLION
INDIANAPOLIS — Duke Realty Corp. (NYSE: DRE) has entered into a definitive
agreement to sell an 82-building suburban office property portfolio to
Blackstone Real Estate Partners VII for $1.08 billion. The properties total
approximately 10.1 million square feet and are located in Atlanta; Chicago;
Dallas; Minneapolis; Columbus, Ohio; Tampa and Orlando, Florida.
The portfolio is currently 84.6 percent leased and Blackstone will assume $30
million in debt. Closing is slated for Dec. 2011.
“The portfolio sale is simply a continuation of our strategic plan to reduce
our investment in suburban office properties, primarily in Midwest markets,”
said Danny Oklak, chairman and CEO of Duke Realty, in a statement. “The
transaction generates over $1 billion of capital for the acquisition and
development of industrial and medical office assets and to further de-lever the
company’s balance sheet consistent...
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By admin on
10/21/2011 4:50 PM
Marietta seeks grant for 2012 street paving
Will cover 19 streets
October 21, 2011
By Sam Shawver , The Marietta Times
MARIETTA - City Council on Thursday authorized the administration to apply for an Ohio Public Works Commission grant to help fund the city's 2012 asphalt paving program of 19 streets.
"This will provide a total $536,648 for the paving program, with $397,118 from OPWC, and a local match of $139,530," said Councilman Denver Abicht, D-at large, and chairman of the streets and transportation committee.
The city's share of the funding will come from county $5 vehicle license fees, permissive tax, and the annual Community Development Block Grant entitlement.
If the grant is awarded, Abicht said the project is scheduled to begin July 9 and be completed by Oct, 12, 2012.
Read the full story here: http://www.newsandsentinel.com/page/content.detail/id/553240/Marietta-seeks-grant-for-2012-street-paving.html?nav=5061...
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By admin on
10/20/2011 7:23 AM
Oil falls below $86 amid weak US economy signs
By ALEX KENNEDY, Associated Press–22 hours ago
SINGAPORE (AP) — Oil fell below $86 a barrel Thursday in Asia as further evidence of weak U.S. economic growth undermined the 19 percent gain in crude prices over the past two weeks.
Benchmark crude for November delivery was down 54 cents at $85.57 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract, which expires later Thursday, fell $2.23 to settle at $86.11 in New York on Wednesday.
Brent crude for December delivery was down 5 cents at $108.34 a barrel on the ICE Futures Exchange in London.
Read the full story here: http://www.google.com/hostednews/ap/article/ALeqM5jkX6mu2zE2mNgUQ8wwyDaxDiJd0g?docId=eb7c7bf9367e49afa194271c710765e0...
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By admin on
10/19/2011 6:47 AM
Office Depot stores hold top three energy-efficiency spots in EPA competition
October 11, 2011 | By Katherine Field Boccaccio
Boca Raton, Fla. -- Office Depot said Tuesday that three of its stores hold the top spots for retail energy efficiency gains at the midpoint of the U.S. Environmental Protection Agency’s Energy Star National Building Competition.
The EPA has marked the midpoint of the 2011 Energy Star National Building Competition: Battle of the Buildings by releasing a list of Top Contenders for each building category, as well as the progress of all competitors. Office Depot stores in Plano, Texas, Raleigh, N.C., and Tallahassee, Fla., are the three top contenders, respectively, in the retail category.
The Plano store has experienced a 17% energy reduction at the midpoint in the competition.
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By admin on
10/18/2011 4:14 PM
Schaumburg, Illinois (October 18, 2011) – The Rabine Group is excited to announce their newest member of the team: Anthony Jowid. Mr. Jowid joins the company as Chief Sales Officer and will oversee the sales and marketing for the Rabine Group companies. Additionally, he is part of the executive leadership team responsible for the long-term growth and strategic direction for the group of companies.
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By admin on
10/17/2011 2:35 PM
Schaumburg, Illinois (October 17, 2011) – The Rabine Group is proud to announce that Gary Rabine, the CEO and Founder of the Rabine Group, was awarded Entrepreneur of the Year from the Schaumburg Business Association. The award was presented on October 8th at the annual Toast of Schaumburg event at the Hyatt Regency Woodfield.
Gary Rabine started his residential paving company right after graduating high school. Equipped with old paving machines and business cards made by his sister, he started knocking on doors. What was once a small construction company is now a group of companies that use cutting edge technology with world-class industry specific expertise and engineering.
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By admin on
10/13/2011 7:50 AM
Rabine Group CEO, Gary Rabine, was featured as the Entrepreneur of the Year by the Schaumburg Business Assoication. Read more of this story.
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By admin on
10/12/2011 10:36 AM
Jones Lang LaSalle Unveils New "Integrated Facilities Management on Demand" ServiceChicago — Jones Lang LaSalle has unveiled a new program designed to benefit companies of all sizes that outsource the management of real estate they occupy. Jones Lang LaSalle’s new integrated facilities management (IFM) program, dubbed “IFM On Demand,” is a fully scalable integrated facilities management model designed to drive cost and time savings through the use of a mix of dedicated and variable resources. The service is delivered through a cross-functional team of facility specialists that provide the benefits of a dedicated management team but through a more flexible model. Services include facility management, workflow management, vendor management, finance and accounting, reporting, office services, lease administration, variable project management, space and occupancy planning, and energy and sustainability initiatives. Read the full story here: http://www.retailfacilitybusiness.com/the-latest-news/256-jones-lang-lasalle-unveils-new-qintegrated-facilities-management-on-demandq-service-retailer-news.html...
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By admin on
10/7/2011 4:01 PM
Oil prices rise to $83 per barrel on economic news
By CHRIS KAHN, AP Energy Writer
NEW YORK (AP) — Oil prices rose slightly Friday and have come back from a 12-month low earlier this week.
Friday's rise followed encouraging news about the economy in the U.S., which is the world's largest oil consumer. The nation added jobs last month, easing concerns about another recession. A stronger economy means more demand for energy.
Benchmark oil climbed 39 cents to end the day at $82.98 a barrel in New York. It rose from $75.67 Tuesday, the lowest level since September 2010. That low price was prompted by worries about Europe's debt crisis. Wall Street analysts think prices will keep rising over the next several months.
READ THE FULL STORY HERE: http://www.google.com/hostednews/ap/article/ALeqM5iRUwmO1YWUjxgtX3wVoqxYW2AYhQ?docId=729ba240ab3941b291a748539469204c...
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