Fainsbert Mase Brown & Sussman, LLP Completes Acquisition Closing on 3.1 Million Sq. Ft. IBM Campus in Minnesota
24 02 2018
ROCHESTER, Minn., Feb. 23, 2018 -- Fainsbert Mase Brown & Sussman, LLP (FMBS), a premiere Los Angeles law firm offering national services for real estate and business transactions, announced today the successful closing of the Industrial Realty Group, LLC (IRG) purchase of the 3.1 million sq. ft. IBM technology campus in Rochester, Minnesota.
Today IRG finalized its purchase of IBM’s 3.1 million sq. ft. campus in Rochester, MN. The 490-acre, 34-building site will continue to be home to IBM and other similar office and industrial tenants.
The site is comprised of approximately 490 acres and 34 existing buildings, including office, manufacturing, warehouse, data center and laboratory space. IRG's plan for the site envisions a dynamic, mixed-use, multi-tenant campus, which will bring businesses and job opportunities to Rochester. Affirming its continued commitment to the Rochester area, IBM signed a long-term lease agreement for eight campus buildings.
IRG Finalizes Purchase of IBM's Rochester Campus
24 02 2018
ROCHESTER, Minn., Feb. 23, 2018 -- Industrial Realty Group, LLC (IRG), a nationwide real estate development and investment firm, is excited to announce its purchase of the IBM technology campus in Rochester, Minnesota, comprised of more than 3.1 million sq. ft. and 490 acres. IRG's plan for the site envisions a dynamic, mixed-use, multi-tenant campus, which will bring businesses and job opportunities to Rochester.
Today IRG finalized its purchase of IBM’s 3.1 million sq. ft. campus in Rochester, MN. The 490 acre, 34-building site will continue to be home to IBM and other similar office and industrial tenants.
The site includes 34 existing buildings, including office, manufacturing, warehouse, data center and laboratory space. IBM will lease back eight of these buildings on the eastern portion of the campus, affirming its continued commitment to the Rochester area by signing a long-term lease agreement.
In addition to its own business activities, IBM has...
Southern Missouri Bancorp, Inc. Announces Completion of Merger With Southern Missouri Bancshares, Inc.
23 02 2018
Poplar Bluff, Missouri, Feb. 23, 2018 --Southern Missouri Bancorp, Inc. (NASDAQ: SMBC, “SMBC”), of Poplar Bluff, Missouri, the parent corporation of Southern Bank announced that its merger with Southern Missouri Bancshares, Inc. (“Bancshares”), Marshfield, Missouri, and its subsidiary, Southern Missouri Bank of Marshfield, was completed today.SMBC is the holding company for Southern Bank, headquartered in Poplar Bluff, Missouri, operating 40 facilities in southern Missouri, southern Illinois and northern Arkansas. Southern Missouri Bank of Marshfield operates its main office and a drive thru location in Marshfield, Missouri. Greg Steffens, President and Chief Executive Officer of Southern Missouri, commented, “We are happy to add Marshfield to the communities we serve in southwest Missouri. We have been familiar with the market and serving customers in the area for some time, and we have key personnel who are very familiar with this part of the Springfield, Missouri, Metropolitan...
Hampton by Hilton Begins 2018 Welcoming Seven New Properties; Announces More Than 580 Hotels in the Global Pipeline
23 02 2018
MCLEAN, Va.--(BUSINESS WIRE)--Hampton by Hilton, Hilton’s (NYSE: HLT) upper-midscale brand, celebrated the start of 2018 with the addition of seven new hotels to its portfolio of more than 2,330 properties worldwide, including Hampton Inn & Suites by Hilton Knightdale Raleigh and Hampton Inn & Suites by Hilton Sacramento at CSUS. In 2017, the brand opened an average of two hotels per week globally and eclipsed the 100 new hotel milestone for the 3rd consecutive year. Hampton also grew its overall global pipeline to include more than 580 planned hotels, a 17.7 percent year-over-year increase1.
“Following a strong year, we are building upon that momentum by capitalizing on the demand for upper-midscale hotels around the world,” said Shruti Gandhi Buckley, global head, Hampton by Hilton. “Hampton remains the category killer. It’s truly everywhere our guests want and need to be. Pairing that accessibility with our longstanding commitment to guest satisfaction, makes...
Riverside Signs 5-Year Contract with Online Auction Site Bid4Assets
22 02 2018
Bid4Assets Wins RFP to Host Riverside County Tax Defaulted Property Sales.
Silver Spring, MD, February 22, 2018 -- The Riverside County Treasurer-Tax Collector’s office has selected Bid4Assets to host its’ tax-defaulted property sales, continuing a partnership it has maintained for over 12 years. By holding the tax sales online, the county exposes distressed properties to a vast range of national buyers, returning a larger amount of properties to the tax rolls and raising funds for essential county services.The decision comes in the wake of a large tax sale hosted by Bid4Assets in April of 2017 for Riverside County. During the sale, over 400 properties were returned to the tax rolls, raising nearly $8 million in new county revenue.“We’re honored to continue serving Riverside County,” says Jesse Loomis, CEO of Bid4Assets. “Bid4Assets has built up a database of hundreds of thousands of registered investors, developers and other real estate buyers. These buyers bring new capital...
Peraton Names Former Principal Deputy Director of National Intelligence Stephanie O’Sullivan to Its Advisory Board
22 02 2018
HERNDON, Va.--(BUSINESS WIRE)--Peraton has named former Intelligence Community leader Stephanie O’Sullivan to its Advisory Board.
Appointed by President Obama and confirmed by the U.S. Senate in February 2011, Ms. O’Sullivan served until January 2017 as the Principal Deputy Director of National Intelligence (PDDNI), the second highest intelligence position in the country. As PDDNI, she led efforts across the Intelligence Community to integrate disparate information technology environments and improve the research, development, and deployment of advanced collection systems.
“We are extremely honored to welcome Stephanie as a member of our Advisory Board,” said Stu Shea, Peraton president and CEO. “Stephanie is the consummate intelligence professional, leader, mentor, and technologist. Peraton will benefit greatly from her unique perspective and her deep understanding of intelligence needs, and help us position our technology solutions to advance our customers’ missions.”
Nonprofit welaunch to Co-sponsor an Ag-tech and Food-tech Tour of Israel to Establish Business Ties Between Silicon Prairie and the Start-up Nation
21 02 2018
(welaunch.org), a U.S.-based not-for-profit facilitating U.S. and Israel business development and investment opportunities, is co-sponsoring an Israel tour, May 6-10, promoting commerce, investment an
The Israel tour, May 6-10, focuses on opportunities in agriculture and food technologies that can bring ideas and partnerships from Israel, known as the Start-up Nation, to the Midwest, known as Silicon Prairie.
CHICAGO February 21, 2018
welaunch (welaunch.org), a U.S.-based not-for-profit facilitating U.S. and Israel business development and investment opportunities, is co-sponsoring an Israel tour, May 6-10, promoting commerce, investment and partnerships between Israel and the Silicon Prairie (a multi-state region comprised of Nebraska, Iowa, Kansas, Minnesota, Missouri, Oklahoma, Texas, Illinois, Ohio, Indianapolis, South Dakota, North Dakota, and Wisconsin).
welaunch is collaborating with the Israel Economic Mission to the Midwest and The Jewish National Fund (JNF). Focusing...
FDA oversees destruction and recall of kratom products; and reiterates its concerns on risks associated with this opioid
21 02 2018
SILVER SPRING, Md., Feb. 21, 2018 -- The U.S. Food and Drug Administration today announced the voluntary destruction and recall of a large volume of kratom-containing dietary supplements manufactured and distributed nationwide under the brand names Botany Bay, Enhance Your Life and Divinity by Divinity Products Distribution of Grain Valley, Missouri. In cooperation with the FDA, the company has also agreed to stop selling all products containing kratom. Based on the scientific evidence of the serious risks associated with the use of kratom, in the interest of public health, the FDA encourages all companies currently involved in the sale of products containing kratom intended for human consumption to take similar steps to take their products off the market and submit any necessary evidence, as appropriate, to the FDA to evaluate them based on the applicable regulatory pathway.
"The extensive scientific data we've evaluated about kratom provides conclusive evidence that compounds...
Industrial Automation Supplier RAVEN Appointed Siemens Full Line Factory Automation Distributor for the Greater St. Louis Market
20 02 2018
RAVEN’s owners and team are part of a very elite group that is highly knowledgeable on the full line of Siemens industrial automation products.
Past News Releases
St. Louis, MO February 20, 2018
RAVEN Automation Components Distributor (RAVEN), a premier distributor of high-technology automation components, today announced the company has been named an Authorized Siemens Distributor for the Greater St. Louis region of Illinois and Missouri. RAVEN is marketing and supporting Siemens’ vast portfolio of factory automation software and hardware products including PLCs, HMIs, intelligent motion control, industrial computers, SCADA, and networking products. In addition, RAVEN provides a full line of industrial components including circuit protection, AC/DC and servo drives, gear motors, power supplies and more.
“RAVEN’s owners and team are part of a very elite group that is highly knowledgeable on the full line of Siemens industrial automation products,” said Steve Smith,...
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