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WESTERLY, R.I.--(BUSINESS WIRE)--

Washington Trusts Commercial Real Estate Group recently provided $8,337,588 in financing to Medical Asset Ventures, LLC for the construction of a 45,000 square foot Lifespan medical office building conveniently located on South County Trail in East Greenwich, R.I. The office space will be used for a variety of practice types including primary and cardiac care.

The property sits adjacent to the Greenwich Medical Office Park which was developed over the last ten years by F.H. French Company (FHF), which is affiliated with Medical Asset Ventures, LLC. Founded in 1935, FHF is a full service real estate firm owned by Jen Cookke and formally Jack Keigwin that owns approximately 750,000 square feet of commercial office and medical properties throughout Rhode Island. During the last 25 years, F.H. French has owned, managed, developed, or built over 2,500,000 square feet of office, industrial, and medical developments valued in excess of $300 million.

The current trend in healthcare is for medical practices to open facilities that are off the hospital campus, but still convenient for their patients, said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer. Medical Asset Ventures has had proven success in developing these types of projects.

Julia Anne Slom, Washington Trust Senior Vice President, served as lead lender for the project as part of Washington Trust's Commercial Real Estate Group which provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Julia Anne M. Slom, Senior Vice President, Commercial Real Estate Group, toll-free at 800-475-2265 x1430 or directly at 401-348-1430.

Founded in 1800, Washington Trust is one of New Englands premier financial services companies, providing commercial banking, personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).

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Washington Trust Finances $8.3 Million Lifespan Medical Building

Tuesday, October 9, 2012

CONSTRUCTION works for the new office building of the Bureau of Internal Revenue (BIR) are underway as the government agency aims to offer excellent service to clients and in the process save on huge rental fees.

BIR assistant regional director Mamapok Diro said the new building has a total of six floors and will house two revenue district offices of the BIR in Davao City -- the West Davao and East Davao.

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The revenue district office (RDO) in West-Davao covers at least six geographical districts such as Baguio, Calinan, Marilog, Toril, Talomo and Tugbok while the RDO in East-Davao is composed of Poblacion areas, including Agdao, Buhangin, Bunawan and Paquibato.

"The building is divided into two to cater the two offices," he said.

BIR-Davao stands to save P300,000 for each office every month once the new building is completed.

This infrastructure has a total floor area of 3,968 square meters, which is bigger compared to the existing two BIR RDOs in the city. With the bigger space, BIR-Davao can accommodate more clients in its day-to-day operation.

Diro said more than P90 million was allocated for the construction of the new building. The construction works on this project started in November last year, which is already more than 50 percent completed so far.

The construction of the six-storey building along Bolton Extension is targeted for completion within this year. After this, the two offices will finally be transferred to its new place where the existing BIR-Davao office is situated.

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Internal revenue bureau to serve taxpayers better

Mrs. Freda Jewell Dillard Cronic, the owner of Cronic Chevrolet, Buick GMC, Cronic Nissan and Cronic Chrysler Jeep Dodge RAM, age 83 of Griffin, passed away Sunday, October 7, 2012 at Emory Midtown Hospital.

Mrs. Cronic was a native of Atlanta, born on January 29, 1929, the only child of the late Ophelia Martha Chancey and Fred Dillard. She had lived in Griffin since 1975 when she and her late husband, J.A. Cronic moved here and opened Cronic Chevrolet. The Cronics were married for 56 years before his death in 2003. In addition to helping her husband build one of the largest automotive groups between Atlanta and Macon, Mrs. Cronic was a licensed insurance agent.

She was a graduate of Commercial High School in Atlanta and also of several schools operated over the years by General Motors for its dealers. She was a member of the First Baptist Church of Griffin and the Georgia Automobile Dealers Association. She formerly was a member of the Marie Fort Garden Club and was honorary member of the Iris Charter Chapter of the American Business Women's Association.

In addition to being the bookkeeper for Cronic Chevrolet during its formative years in Griffin, Mrs. Cronic raised two daughters. She loved her family and enjoyed being hostess for family dinners. One of Mrs. Cronic's favorite recipes was a Gourmet Spinach Salad with a Sweet and Sour Dressing and was selected to appear in Pure and Simple, the first Neiman Marcus Christmas cookbook, published in 1991. More than 2,000 recipes were submitted before the judges reduced that number to 700 recipes which they prepared and tasted before selecting the ones to be included in the cookbook. During the observance of Griffin's 150th anniversary, Mrs. Cronic's recipe for a "Festive Cheese Ball" was included in the Celebration Cookbook. Mrs. Cronic was featured in the Griffin Daily News series "Cook of the Week" on January 13, 1993.

Beyond work and family, one of Mrs. Cronic's greatest pleasures was gardening. She particularly liked working in the beds of her brick-walled patio connected to the sunroom of her home.

Mrs. Cronic is survived by her daughters, Wanda Cronic Howell and her husband, Lee, Linda Cronic Ridley and her husband, Gary; five grandchildren, Tina Thompson, Nicole Selph, Jessica Howell, Jade Ridley, Destiny Ridley; several cousins and other relatives; Sissy Carroll, a special friend and devoted caregiver.

Visitation for Mrs. Freda Cronic will be held Wednesday, October 10, 2012 from 6 p.m. to 9 p.m. at Conner-Westbury Funeral Home.

Funeral services will be held Thursday, October 11, 2012 at 11 a.m. at First Baptist Church of Griffin. Dr. Bruce Morgan and Dr. Bill Hardee will officiate. Interment will follow in Oak Hill Cemetery. Mrs. Cronic will lie-in-state for an hour prior to the services at the church.

Conner-Westbury Funeral Home, 1891 West McIntosh Road, Griffin is in charge of arrangements. http://www.conner-westburyfuneralhome.com.

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Freda Jewell Dillard Cronic, 83, of Griffin

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Public schools in Oakland are looking for major kitchen remodeling with a measure on the November ballot.

If approved,Measure Jwould authorize theOakland Unified School Districtto issue up $475 million in bonds to improve school facilities.

Along with seismic upgrades and lead-paint removal, the bonds could help underwrite a planned overhaul of kitchen facilities in the district, including building a new central kitchen in West Oakland. Its part of an ongoing effort to improve the food the district serves to students, some 70 percent of whom are eligible for free or reduced-priced meals.

Oakland has made strides toward serving healthier and fresher food in recent years. For instance, the district now buys more fresh fruits and vegetables from within 250 miles of Oakland. There are salad bars at 67 schools.

But its infrastructure, not ingredients, thats become the biggest barrier to making lunches healthier and tastier. Many schools have antiquated kitchens if they have a kitchen at all.

Its a very attractive museum of kitchen dinosaurs, said Zenobia Barlow, executive director of theCenter for Ecoliteracy, a nonprofit advocacy group.

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The facilities limit what food can be served.

A lot of what is served is processed and prepackaged and frozen, said Ruth Woodruff, who has a first-grader and a fourth-grader attendingChabot Elementary School. It gets unwrapped and put on trays and heated.

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Oakland schools seek kitchen upgrades with ballot measure

COLUMBIA, Md.--(BUSINESS WIRE)--

Corporate Office Properties Trust (COPT or the Company) (OFC) has executed three leases with strategic tenants totaling 363,300 square feet of Class A office space at its Redstone Gateway project in Huntsville, AL. A strategic tenant has leased the Companys existing office building, 1000 Redstone Gateway, in its entirety. In addition, multiple leases have been signed for 100% of two new office buildings totaling 242,200 square feet; construction of 1100 Redstone Gateway and 1200 Redstone Gateway is scheduled to commence prior to year end. The Company anticipates the tenants will occupy 1000 Redstone Gateway in mid-2013 and the 1100 and 1200 Redstone Gateway buildings by the first quarter of 2014.

As a result of this leasing and the Companys leasing at Riverwood in Columbia, MD (see press release dated September 10, 2012), the Companys construction pipeline will increase from approximately 987,800 square feet at June 30, 2012 to 1.25 million square feet. Pre-leasing, which was at 25% on June 30, 2012, now approximates 58%.

These leases firmly establish Redstone Gateway as a desirable location from which strategic tenants can serve Redstone Arsenals various missions, stated Roger A. Waesche, Jr., President & Chief Executive Officer of COPT. These transactions also illustrate the cooperative and growing relationship between the Garrison, the Huntsville community and COPT, he stated.

Redstone Gateway is a consolidated joint venture formed in March 2010 between COPT (85% ownership) and Jim Wilson & Associates (15% partner).

Company Information:

COPT is an office real estate investment trust (REIT) that focuses primarily on strategic customer relationships and specialized tenant requirements in the U.S. Government and Defense Information Technology sectors and Data Centers serving such sectors. The Company acquires, develops, manages and leases office and data center properties that are typically concentrated in large office parks primarily located adjacent to government demand drivers and/or in strong markets that it believes possess growth opportunities. As of June 30, 2012, COPTs consolidated portfolio consisted of 228 office properties totaling 19.8 million rentable square feet. The Companys portfolio primarily consists of technically sophisticated buildings in visually appealing settings that are environmentally sensitive, sustainable and meet unique customer requirements. COPT is an S&P MidCap 400 company and more information can be found at http://www.copt.com.

Forward-Looking Information:

This press release may contain forward-looking statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Companys current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as may, will, should, could, believe, anticipate, expect, estimate, plan or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Accordingly, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements.

Important factors that may affect these expectations, estimates, and projections include, but are not limited to:

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COPT Signs Leases for Three Full Buildings at Redstone Gateway

BUILDING PERMITS

Boulder

Building construction permits more than $10,000 in value that were approved in Boulder between Sept. 24 and Sept. 30, 2012. Listed below are: the case number; address; total project valuation; owner name; contractor (if applicable); and description.

PMT2012-03086; 2909 10th St.; $48,544; Kari Santos; Melton Construction Inc.; main level addition of 84 square feet to the existing garage, and a second story addition of 440 square feet to create a studio with a half-bath, with a exterior staircase to grade below (45 square feet). Electric baseboard heat.

PMT2012-03737; 4820 Sterling Drive; $61,600; Sterling Partnership; Quinlan Construction Inc.; tenant remodel of 1,100 square feet to create offices, storage areas, modify a single restroom and add an additional restroom.

PMT2012-04185; 1877 Broadway; $320,000; Broadway Walnut; Sand Construction, LLC; tenant remodel of suites 100 and 101 as offices for HUB Boulder. Scope of work includes relocation and installation of non-bearing office walls, relocation of exterior door in storefont glazing system, associated electrical, mechanical and plumbing.

PMT2012-04260; 443 Mountain View Road; $50,000; Steve Maxwell; Rocky Ridge Construction LLC; remodel of 469 square feet of existing single-family residence to add wall for mud room and remodel kitchen on main level, and add wall in basement for new office. Associated electrical, mechanical and plumbing. Kitchen remodel will utilize existing plumbing fixtures. New exterior doors in rear of house approved through HIS2012-00173.

PMT2012-04262; 2460 Canyon Blvd.; $25,000; GRI Village; Spectrum General Contractors I; tenant remodel of Unit L4 A and B for the Brass Bed retail store. Scope of work includes installation of interior non-bearing walls, upgrade men's and women's bathroom for accessibility, associated electrical, mechanical and plumbing work.

PMT2012-04340; 1904 Pearl St.; $19,040; 1904 Pearl; Duggan Construction LLC; interior work on commercial/office building to vanilla box state for future tenant remodel. Scope of work includes demolition of interior walls, removal and capping of floor sinks, creating openings where previous window and door openings existed, install demising walls and associated electrical, plumbing and finishes for vanilla shell.

PMT2012-04454; 770 Circle Drive; $15,000; Earl Kaplan; addition of 240-square-foot unconditioned, enclosed porch to existing single family residence. Owner/contractor.

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Boulder building permits: Oct. 8, 2012

STERSUND, Sweden--(BUSINESS WIRE)--

Skanska (STO:SKAB) invests EUR 32 M, about SEK 280 M, in the first phase of the Kapelanka 42 office project located in Cracow, southern Poland. The construction contract is worth EUR 26 M, about SEK 230 M, which is included in order bookings for the third quarter 2012.

This is the first project carried out by Skanska Property Poland in the Cracow region. The office scheme will consist of two class A buildings. The total leasable area of the complex will be around 30,000 square meters, with nine stories above ground level and three stories underground. The first phase will comprise of about 12250 square meters plus underground garage for both phases. Construction is due to start in the fourth quarter of 2012 and completion of the project is scheduled for the third quarter of 2014.

Kapelanka 42 is going to feature a number of sustainable solutions to minimize the buildings environmental footprint and significantly reduce its operating costs. The project will apply for LEED (Leadership in Energy and Environmental Design) pre-certification at Gold level.

Skanska Commercial Development Europe initiates and develops property projects in office, logistics and commercial buildings. The companys operations are concentrated in metropolitan areas in the Czech Republic, Hungary, Romania and Poland and are conducted in four local units: Skanska Property Czech Republic, Skanska Romania, Skanska Property Hungary and Skanska Property Poland.

Skanska Poland, one of the largest construction companies in Poland, had sales of SEK 10 billion in 2011. The company has about 7,700 employees. Skanska Commercial Development and Skanska Infrastructure Development are also active in Poland.

This and previous releases can also be found at http://www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Throughout 125 years, Skanska has been a modern and innovative developer and contractor, what society needs. Today, Skanska is one of the worlds leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 53,000 employees in selected home markets in Europe, in the US and Latin America. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2011 totaled SEK 123 billion.

This information was brought to you by Cision http://www.cisionwire.com

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Skanska Invests EUR 32 M, about SEK 280 M, in the Kapelanka 42 Office Project in Cracow, Poland

SYLMAR, Calif.--(BUSINESS WIRE)--

Tutor Perini Corporation (TPC), a leading civil and building construction company, today announced that its subsidiary, Rudolph and Sletten, together with design partner WRNS Studio, was awarded a $94 million design-build contract for the University of California, San Francisco Mission Bay Block 25A Academic Building. The 266,000 gross-square-foot, seven-story academic building will include huddle rooms, focus rooms, open workstations, conference rooms, classrooms, a learning center, and retail spaces. The project scope also includes site utilities, connections to existing utilities, a landscaped courtyard, and various other site improvements.

The Block 25A academic building is designed to function as office space for more than 1,000 faculty, staff, fellows, and residents that will be providing clinical care in the new UCSF Medical Center at Mission Bay across the street, which will include UCSF Benioff Childrens Hospital, a womens specialty hospital, and an adult hospital for cancer patients. Block 25A will also provide work space for academic groups currently located elsewhere on UCSFs campuses or in leased space. Design and preconstruction work is starting immediately, and construction is expected to begin in the spring of 2013. Block 25A project completion is scheduled for August 2014. The new hospital complex is scheduled to open on February 1, 2015.

Our team worked diligently to develop a comprehensive design, which was evaluated every step of the way to ensure compliance with the clients unique project requirements. Once again, creative ideas and innovative solutions, coupled with a very integrated team approach with our design and design-build subcontractor partners, led us to a project that not only met the clients programmatic needs, but also provided a superior design aesthetic and commitment to sustainability all within the overall budget. We are thrilled to be working with the UCSF team on another successful project, said Martin Sisemore, President and CEO of Rudolph and Sletten.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

Tutor Perini Corporation website: http://www.tutorperini.com

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Tutor Perini Subsidiary Rudolph and Sletten Awarded $94 Million Design-Build Contract for University of California ...

Courtesy of Sports Illustrated

Bernie Madoffsold office space is fast getting filled.

Goulston & Storrs,a law firm, just signed a deal for 19,270 square feet at885 Third Avenue, taking the 34-story buildings entire 18th floor for rents in the $70s per square foot.

Scott Klau, who is part of an agency from the brokerageNewmark Grubb Knight Frankthat handles deals at the tower, said the deal is part of a wave of activity at the 640,000-square-foot property, which is popularly known as theLipstickBuildingfor its distinct oval floorplate and reddish stone facade.

Mr. Klau said a deal is in the process of being negotiated for the propertys 17th floor and that a portion of the 19th floor had also been leased.

Mr. Madoff, who is serving the rest of his life in a North Carolina federal prison, used to occupy the three floors at the property where he used to conduct both his successful market-making business and also a multi-billion dollar ponzi scheme that was the largest in U.S. history.

When Mr. Madoff was arrest by FBI agents in 2008 and his offices were shuttered.

The building has gone through problems of its own since then that have stood in the way of filling lingering vacancies. In 2010,Metropolitan885 Third Avenue LLC, went bankrupt after overpaying for the property. By 2011, the Argentinian investment company IRSA recapitalized the building and took control. Mr. Klau said the restructuring restored capital necessary to begin arranging leasing deals, including money to pay for incentives such as construction work.

We created pre-built office units on the buildings 26th floor, Mr. Klau said. When Goulston saw the level of quality in that space I think it really helped sell them on the property and what we could do. Were building out a similar installation for them on 18.

There are several vacancies on Third Avenue, a market that typically lags the rest of Midtown in rental rates and occupancy.Mark Weiss, another NGKF executive who works on the agency team, said the Lipstick Building stands out as one of Third Avenues most iconic and prestigious locations and is considered by tenants not in relation to neighbors but other top buildings in Midtown.

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Bernie Madoff Lipstick Building Office Filled

Two months after a midsummer flash flood wreaked havoc on a vibrant neighborhood talent showcase, performers returned to tell Lyric Hall impressario John Cavaliere how much they love him. And to help him buy a new furnace and build a retaining wall.

More than 100people gathered Saturday night at the restored vaudeville theater and antiques shop on Whalley Avenue to recite, sing, and play music all in the service of launching the Lyric Hall Flood Relief Campaign, an online fundraising instrument

The aim is to raise $21,500 to replace the furnace the four-foot-high waters destroyed in the basement on Aug. 15; to restore waterlogged decaying sills; and to build a retaining wall at the rear of the property, with drainage channels appropriate to handle the heavy run-off from the West River behind the the theater, among other projects.

Within an hour of the kick-off the party and the fund, nearly $1,000 had been contributed online.

Cavaliere has restored the former vaudeville theater and opened it up to local performers from video artists to poets to composers restoring original scores to silent films. Many were on hand Saturday night to return the favor, and more.

The business that supports those effortsframing, antique restoration, furniture repair, and artisanal gildingsuffered a big blow in the flood: lost essential tools, supplies, jobs-in-progress, and other equipment.

Click here for a story with a tour by Cavaliere of the basement the day after the flood and an itemization of the damage.

The point of the Saturday night outpouring of support was not to relive the flood or to itemize the damages. It was to give a hand to Cavaliere, whose catholic tastes in the arts, humanity, and great pizza cooking in a 1930s gas oven have given a hand and even a new start to many, and transformed Lyric Hall into an essential community resource.

It was a flood, but my cup runneth over, Cavaliere quipped before he introduced the performers and they took the small, elegant stage he had restored in the theater .

James Joyce scholar Richard Stack gave a lively reading of the first published chapter of Finnegans Wake

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“Now I Have A Whole Great Big Family”