Zacks Investment Research upgraded shares of Select Interior Concepts (NYSE:SIC) from a sell rating to a hold rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, Select Interior Concepts, Inc. provides interior surface products for residential and commercial builders. The Company offers natural and engineered stone slabs, cabinetry, bathroom countertops, wall tiles, shower enclosures, towel bars and rings, paper holders, medicine cabinets and mirrors. Its primary operating subsidiaries and segments consists of Residential Design Services and Architectural Surfaces Group. Select Interior Concepts, Inc. is based in CA, United States.

Separately, B. Riley reissued a buy rating and set a $17.00 price target on shares of Select Interior Concepts in a research report on Friday, December 13th.

Select Interior Concepts (NYSE:SIC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $159.40 million during the quarter, compared to analysts expectations of $165.80 million.

In other news, insider Adam D. Wyden sold 2,579,000 shares of the companys stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $8.75, for a total transaction of $22,566,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY bought a new stake in shares of Select Interior Concepts during the 3rd quarter worth about $137,000. Man Group plc bought a new stake in shares of Select Interior Concepts during the 3rd quarter worth about $397,000. Squarepoint Ops LLC boosted its stake in shares of Select Interior Concepts by 91.0% during the 3rd quarter. Squarepoint Ops LLC now owns 146,127 shares of the companys stock worth $1,895,000 after acquiring an additional 69,622 shares in the last quarter. Engine Capital Management LP bought a new stake in shares of Select Interior Concepts during the 3rd quarter worth about $757,000. Finally, State Street Corp boosted its stake in shares of Select Interior Concepts by 15.1% during the 3rd quarter. State Street Corp now owns 305,781 shares of the companys stock worth $3,966,000 after acquiring an additional 40,006 shares in the last quarter.

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Select Interior Concepts (NYSE:SIC) Upgraded to Hold at Zacks Investment Research - Slater Sentinel

From a trendy Ace Hotel in Toronto to splashy projects in Las Vegas and London, 2020 looks like a big year for new hotels around the world. Heres a look at some of the new properties coming to the destinations Canadians love to visit.

In Florida, Amrit Ocean Resort & Spa is set to open on seven acres of oceanfront on Palm Beach Countys Singer Island. Its supposed to be a wellness resort based on Eastern well-being philosophies and western technology. Look for tranquility pools, Patanjali yoga classes and sleep specialist services, not to mention a bath concierge and suites that feature circadian rhythm lighting.

The Greystone Miami Beach is slated to relaunch in February. Steps from the white sand beach, the historic 1930s hotel embraces Miamis energy with Art Deco glamour across 91 guestrooms, a stunning rooftop pool, and a whiskey and dark spirits lounge.

The Hotel Effie Sandestin in Sandestin, Florida will launch in June, if all goes to plan. Located on 2,400 acres of Floridas panhandle (also known as The Emerald Coast), the hotel integrates coastal charm with Southern hospitality across 250 guestrooms and 19 suites with views of Choctawhatchee Bay and championship golf courses.

Four Seasons Resorts & Residences is supposed to open early in the year in Calistoga, California. Napa Valleys first Four Seasons will open with each of the 85 guestrooms offering mountain views. In addition to an on-site vineyard and tasting space, the property will offer a spa with steam pods in which hammocks will be suspended above geothermal pools for guests to absorb the heated vapour.

Owners of the Circa Resort and Casino in Las Vegas say theyre on track for an opening late in the year. Its being billed as the first ground-up gaming resort in historic Downtown Las Vegas in 40 years. Located on the iconic Fremont Street Experience, its a 777-room behemoth that will be the tallest building north of The Strip.

A drawing of the Circa Vegas Hotel and Casino.Circa Las Vegas

Canadas first Ace Hotel, a trendy, millennial-friendly brand with properties in New York City, Palm Springs and other hot spots, is supposed to open in Toronto in the fall. Located north of King Street and a couple blocks west of Spadina Avenue, its a new building designed by the architectural firm of Shim-Sutcliffe.

Also in Toronto, the former Marriott on Bloor Street east of Yonge, is being turned into the citys first W Hotel, another bold brand geared to a younger demographic. The hotel is set to feature its own DJ booth recording studio and should open in early summer.

The popular and fashionable Park Hyatt at Bloor and Avenue Road is slated to re-open this summer following two years of renovations. It will have 220 guestrooms and suites, a new ballroom, meeting and event space and restaurant, as well as a fully refurbished spa and roof lounge.

The awaited completion of the Drake Hotel expansion on Queen Street West is also set for 2020. The expansion will unveil a new lobby specifically for hotel guests, an additional 32 rooms and a new suite.

On top of that, the former Thompson Hotel on the west side of downtown Toronto is being redesigned and is set to open in summer as 1 Hotel Toronto. Its a brand that purposefully re-uses existing structural and reclaimed materials gathered from the local community, including timber, driftwood and local limestone.

In Hawaii, the Sheraton Maui Resort & Spa is finishing the second phase of its transformation with a multimillion-dollar renovation of its lobby. Slated for completion in November, the renovated space will welcome guests with a new lobby bar and caf, lounge, and reception area in an open-air setting designed to bring the outdoors in with an expansive lanai and viewing deck, offering panoramic views of Kaanapali Beach.

On Hawaii Big Island, the all-new Mauna Lani, Auberge Resorts Collection is set to debut in January following a resort-wide re-imagination and renovation. Described as a luxury lifestyle resort, the property will open with contemporary guest rooms and suites, five private bungalow residences, five restaurants and lounges, three distinct pools, and a signature spa and wellness haven.

The new Mauna Lani resort on Hawaii Big Island.Mauna Lani

Karisma Hotels & Resorts, in partnership with Margaritaville Holdings, is taking reservations for Margaritaville Island Reserve by Karisma Riviera Cancn, the brands first all-inclusive resort experience. Its scheduled to open in March 2020. Margaritaville hotels also are scheduled to open this year in New York City and San Diego, as well as Negril, Jamaica and Cap Cana in the Dominican Republic.

Construction is well underway on the Ritz-Carlton, Paradise Valley (Scottsdale), which will span across 20 acres and will have 215 guest rooms. Its slated for a summer opening.

Lovers of luxury properties will want to check out the new Ritz-Carlton in Mexico City, the JW Marriott Orlando Bonnet Creek, the JW Marriott Anaheim Resort in California and the JW Marriott Tampa Water Street, which is part of downtown Tampas amazing urban renaissance.

The brainchild of Japanese chef Nobu Matsuhisa and actor Robert De Niro, Nobu will open a 115-room hotel in Chicagos West Loop early this year, with a distinct Japanese aesthetic.

Early in the year, NUPO, the much-awaited new restaurant by Darren MacLean, will open in Calgary in the Alt Hotel Calgary East Village. Darren currently owns Shokunin, among Canadas 100 best restaurants three years running and one of my personal faves. MacLean was on Netflixs The Final Table and in 2020 hell be one of the judges on Food Networks Wall of Chefs.

The Fairmont Century Plaza, located in Century City in Los Angeles, will open in 2020 following a top-to-bottom renovation. This mid-century marvel has hosted generations of Hollywood celebrities, foreign dignitaries and every United States President since its opening in 1966. Surrounded by restaurants and retail boutiques, the hotel features two acres of gardens, connecting to neighbourhood plazas and fountains.

The Fairmont El San Juan in Puerto Rico will officially join the Fairmont Hotels & Resorts portfolio as of January. El San Juan is located on the award-winning Isla Verde Beach, minutes away from Old San Juan, the downtown San Juan area and Luis Muoz Marin International Airport.

21C Hotels, part of the Accor Group, operates boutique hotels with an art theme. Theyll open hotels in Chicago early next year, as well as Des Moines, Iowa and St. Louis.

The first Six Senses Hotel in the U.S. is supposed to open in New York City later this year. Located adjacent to the fabulous High Line Park in Chelsea, its already garnering plenty of attention for its bold design.

Six Senses New York City hotel.Six Senses

Kimpton, a terrific brand that combines a hip, youthful approach with top-notch surroundings, will open several hotels in the Americas next year, including the Caribbean island of Grenada. The Kimpton Kawana Bay is slated to open in the middle of the year. A hillside retreat tucked away between tropical rain forest cliffs and Grand Anse Beach, the luxury resort will offer picturesque views and easy access to the Caribbean Sea and surrounding mountains.

In Dallas, Kimpton is set to open in the Deep Ellum district of Dallas, solidifying its role in revitalizing one of the most historically significant neighbourhoods in the region. Other Kimpton openings in 2020 include Roatan, a stunning island thats part of Honduras, as well as Mexico City, Omaha and Asheville, North Carolina.

Hotel Indigo, like Kimpton, is a part of the InterContinental Hotels Group and is supposed to open properties next year in the financial district of New York (a very hot area for new hotels), Miami (the Brickell area) and Spokane, Washington.

Htel Mile-End is a 33 room, boutique property in one of Montreals hippest areas. With its four floors of stylish rooms, restaurant, rooftop terrace, basement cinema screening room and main floor gallery space, the Htel Mile-End promises to be a fitting addition to the Mile End, recognized as one of the coolest neighbourhoods in the world.

Also heading to Montreal is the 193-room Humaniti in the International District. The Hotel Bonaventure, beloved for its rooftop pool and terrace, is completing a hotel-wide overhaul of its rooms.

A new JW Marriott is slated to open on the river in Savannah, Georgia; one of the most popular cities in the U.S. for visitors. It will have 419 rooms and is part of a major renovation of the Plant Riverside District.

JW Marriott SavannahMarriott Hotels

Four Seasons Hotels and Resorts will open a luxury hotel and private residences in downtown New Orleans late in the year. The property will be in the heart of the city, next to the convention centre, the French Quarter and the Warehouse District, with clear views of both the city and the Mississippi River.

The Pendry West Hollywood is set to launch in California this summer. Located on the famous Sunset Strip, its said to be an eye-catching design thats meant to invoke California glamour. Look for a signature Wolfgang Puck restaurant, a rooftop bar with chic cabanas, curated public art, a bowling alley and, of course, a screening room. Part of the Preferred Hotels and Resorts group.

Montage Healdsburg is being called a transformative hideaway nestled in the hills of Sonoma County, offering travelers a convenient and luxurious base to explore the destinations celebrated wineries and farm-to-table restaurants. Its part of the Preferred Hotels and Resorts group. Look for an opening in October, 2020.

Just a few steps from Trevi Fountain, Iberostar Grand Fontana di Trevi extends 19thcentury Art Deco design elements across 67 guestrooms, two signature restaurants, and a spectacular rooftop terrace with skyline views.

Located off the western central coast of Italy, bordering the Tyrrhenian Sea, The Sense Experience Resort is an eco-retreat made up of 12,000 acres of natural park and pine forest with a private beach in Tuscanys Maremma region.

Sense Experience Resort, Tuscany.Preferred Hotels and Resorts

In Switzerland, Philippe Starck has restored the 100-year-old historic Eden au Lac hotel, the only luxury property on Lake Zurich, which will have 40 rooms and suites (the majority with lake views).

The Guardsman is slated to open in April on Londons exclusive Buckingham Gate with 53 unique guestrooms and six exclusive residences. The Guardsman offers the atmosphere, discretion, and personal service associated with a private members club.

Located in Leicester Square, The Londoner is being billed as the worlds first super boutique hotel, whatever that means. Look for six subterranean levels and 350 guestrooms in a property thats means to showcase the energy of Londons West End through unique design, innovative social spaces, and distinctive restaurants.

The newest hotel from Pestana Hotels & Resorts will lie on the shores of the Douro River in Porto, Portugal.

Kimpton Vividora Hotel in Barcelona will mark the brands debut in Spain. The hotel will be located in the citys Gothic Quarter. Kimpton also will be opening new hotels in Paris, and Manchester.

For the Indigo brand, look for new hotels in Brussels, Bath, and Verona, Italy.

The Chedi Mumbai is scheduled to open in March. Located in the heart of Indias commercial capital, The Chedi Mumbai is a serene and stylish oasis with rooms that offer views of Powai Lake or the city skyline.

The Connect Busan in South Korea launches in May, 2020 with private balconies and sweeping views of Busan Harbour or Yongdusan Park.

Luxury hotel seekers will want to try the St. Regis Cairo, The Tokyo EDITION, The Reykjavik EDITION, The Tasman in Hobart, Tasmania (part of the Marriott Luxury Collection) and the JW Marriott Muscat in Oman.

If youre more into the W Hotel vibe, look for new properties this year in Bali and Melbourne.

In Tokyo (and just in time for the Summer Olympics), the Kimpton Shinjuku will be close to the iconic Shibuya crossing and will have a rooftop bar open only to VIPs.

Opening in spring 2020 upon a hill in Jimbaran Bay, Raffles Bali will offer unparalleled ocean views for just 32 private villas.

InterContinental Hotels this year will open properties in Yokohama, Japan and also the Koh Yao Yai Resort in Thailand.

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Cool hotel openings around the world for 2020 - Calgary Herald

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A partial architectural rendering of Castlepoint Numas 3C from New Yorks SHoP Architects. The connecting skybridge is a semi-industrial echo of the nearby Cherry St. bascule bridge, spanning a shipping channel on the citys Inner Harbour.

Castlepoint Numa

If theres one thing that Alfredo Romano is proud of when it comes to his 3C Waterfront development, it might be the way it debunks an old real estate adage the one that says you cant have dissimilar income and demographic brackets co-existing on the same piece of high-priced real estate.

I dont want to create exclusive neighbourhoods, says Mr. Romano, president of Toronto-based Castlepoint Numa. Its not what were about and its not what the city should be about. Toronto is so tightly woven that unless you integrate housing types across the city you end up creating ghettos. Urbanistically, its better to have mixed neighbourhoods.

3C Waterfront will be exactly that on a grand scale. A 2.5-million-square-foot community of commercial, residential and public buildings on a 13.5-acre strip of prime real estate abutting the Keating Channel, the 1,000-metre long waterway in Toronto that connects the Don River to inner Toronto Harbour on Lake Ontario. Thats an area roughly the size of Nathan Phillips Square, and 1.5 times the square footage of the Britains second tallest building, One Canada Square located at Londons Canary Wharf.

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The defining structures at 3C Waterfront will be a 50,000-square-foot arts complex with multimedia programming and three towers, each a maximum height of 50 storeys. In a bid to attain Gold Certification under the globally recognized Leadership in Energy and Environmental Design (LEED) standards, exteriors of the buildings will be made from precast, energy efficient materials instead of traditional glazing. These precast exteriors will retain heat in winter and stay cooler in summer, making the building complex more efficient throughout the year.

Also slated for the development are mid-rise, residential finger buildings, including some 225 affordable homes (10 per cent of the total) for lower income families and professionals.

A aerial view of the Keating and Quayside precincts, abutting the Keating Channel on Torontos eastern waterfront.

Castlepoint Numa

Typically, developers build separate entrances, lobbies and even structures to accommodate whats known in the industry as inclusionary zoning, but 3C Waterfront is making a point of avoiding this poor door syndrome.

Trying to make affordability and creating a sense of community ought to be the top priority in any development, says Mitch Kosny, a long-time professor and associate director of Ryerson Universitys School of Urban and Regional Planning. Having a sociodemographic mix is normal and appropriate. Its the definition of a healthy community and its pretty much what most Canadians grew up with. Homogeneity is not what we should be building.

At the heart of 3C Waterfront will be a pedestrian zone featuring a Barcelona-style plaza, which will serve as a kind of urban mixing bowl. Alternately fed by boulevards and compact laneways what the Dutch called woonerfs or living streets because they prioritize human movement over other forms of traffic it will be flanked by Shibuya-style shops and Les Halles-reminiscent caf terraces. Also planned is a red brick tunnel linking 3C with the historic Distillery District to the immediate north, creating a supersized pedestrian zone that will connect to the lakeshore promenade.

A huge amount of brainpower was sourced locally and internationally to realize 3C, says Mr. Romano, who also developed Torontos 58-storey L Tower condos on the Esplanade and the new Museum of Contemporary Art (MOCA) in the Lower Junction. Its European in intent with high design values, which is why the first firm we hired for the master plan was Foster + Partners.

London-based Foster + Partners is a kind of Georges Braque or Giorgio de Chirico of the design world, whose cubist-influenced designs include the Kuwait International Airport and The One skyscraper at Yonge and Bloor Canadas tallest building at 85-storeys. In total, six leading architectural firms collaborated on 3C, including Torontos KPMB Architects, Montreals Claude Cormier + Associates and New Yorks SHoP Architects.

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A pedestrian area will be at the heart of 3C Waterfront.

Castlepoint Numa

But for all its progressive thinking and innovative design, 3C Waterfront which is being developed by Castlepoint Numa in partnership with Cityzen Development Group and Continental Ventures has been somewhat lost in the shadows of its attention-hogging new neighbour, Google affiliate Sidewalk Labs. Sidewalks controversial proposal for an experimental smart hub on a 12-acre parcel at Quayside slightly smaller than 3C Waterfront with an assessed value of $590-million has almost entirely dominated the conversation and media coverage surrounding the future of the eastern waterfront.

What will be transformative for the area is incremental, high quality development from a variety of players, Mr. Romano says. Sidewalk Labs could become a part of that constellation.

In fact, 3C and Quayside have much in common, with some industry watchers describing 3C as Quayside minus the surveillance and data collection. For example, both are working on a large canvas not only in terms of scale, but also coherence and vision. As the biggest private sector development on Torontos private waterfront land, terms like community building, livability and affordability were front and centre in 3C planning conversations, right from the start.

Both projects have major roles to play in the extension of Queens Quay East as the public spine of the eastern waterfront, says Bruce Kuwabara, founding partner at Torontos KPMB Architects who helped articulate 3Cs master plan. They should complement one another by creating centres of gathering that serve both precincts.

A rendering of how the area will look once Castlepoint Numas 3C Waterfront, lower right, and Sidewalk Labs Quayside, behind, are completed.

Castlepoint Numa

Waterfront Toronto, a powerful not-for-profit mandated by three levels of government (including the City of Toronto) to deliver a revitalized waterfront, is spearheading a push for housing affordability. It stipulates that at minimum, 20 per cent of residential units built on the waterfront must be made available to market at a 20 per cent discount, as defined by the Canada Mortgage and Housing Corporation (CMHC). For example, data shows that a one-bedroom apartment in Toronto today rents for an average of $1,270 a month whereas, according to Waterfront Torontos definition of affordable rent, the same unit would be available for $1,016 a month.

According to this formula, Sidewalk Labs proposes to make 20 per cent of all residential units affordable, with at least a quarter of those going to people with pronounced affordability needs. Another 20 per cent of residential units will be set aside for middle-income households. The missing middle is an area of need that has been repeatedly highlighted by government and leading thinkers on housing, but is often left out of development plans, says Keerthana Rang, associate director of communications at Sidewalk Labs.

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Im a big advocate for affordable housing so I like that 3C is putting together all the ingredients for a complete community, says Meg Davis, chief development officer at Waterfront Toronto, noting that 3C and Quayside together are expected to deliver about 725 affordable homes.

By some estimates, if even 10 per cent of the kind of city-wide inclusionary zoning mandated by Waterfront Toronto had been enacted 25 years ago, an additional stock of 50,000 affordable homes would now be available in Toronto a figure that could have significantly diminished the ongoing sting of this citys worst ever housing crisis.

But with Toronto developers cancelling numerous condo projects in recent years (Castlepoint Numas Museum FLTS among them), creating affordability has become even more difficult.

The industry used to count on certain cost increases and timelines that are no longer reliable, Mr. Romano says. I will never again launch a project unless Im sure the regulatory framework is completely solved.

That does not, however, change Mr. Romanos commitment to what he calls values-based development. Not everything comes down to a simple numerical value and the bottom line, says Mr. Romano, noting that Castlepoint Numa plans to build about 500 affordable homes in the next 10 years, all independently of government assistance. A majority will be erected on the eastern waterfront, where Castlepoint also owns a five-acre property on nearby Cherry Street.

So much of Torontos future as a livable megacity hinges on successful, thoughtful expansion. But how will the area look in 10 years? Well have neighbourhoods that are diverse, walkable, compact and affordable, says KPMB Architects Mr. Kuwabara. There will be increased bicycle usage and a demand for social services including daycare and schools.

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Adds Mr. Romano: When I first started building here 25 years ago there was almost nothing east of Yonge St. except derelict buildings. Seeing everything come together like this is enormously satisfying.

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Affordable housing is possible, even in Torontos downtown core - The Globe and Mail

After multiple reviews, revisions and hours-long discussions, the Bolton property rezoning request is moving forward.

The Mentor Planning Commission on Dec. 9 approved a preliminary proposal to rezone about 186 acres northeast of routes 615 and 84 from C-1, Conservation District and R-4, Single-Family Residential to Planned Mixed Use Development.

The commissions positive recommendation now goes to City Council, which will review it and conduct a public hearing. Council can accept, reject or modify the proposal, which would also require voter approval.

If it passes, they come back for the final site development process, Law Director Joseph Szeman said. The key is that the final plan has to be in substantial agreement with the preliminary.

Project representative Chris Hermann, principal of Columbus-based MKSK Studios, came to the meeting armed with good news.

He announced that a deal had been reached between the Bolton family and the Western Reserve Land Conservancy to preserve about 69 acres of ancient forest on the property, at 8021 Center St.

Conservancy President Rich Cochran was on hand to explain the significance of protecting such a site.

Ive been president of this organization for 23 years and, to my knowledge, theres only one (other) forest like this in Northeast Ohio, Cochran said. It happens to be in Wayne County; its called Johnson Woods. And I dont think theres another one like it, so were extremely excited to be working to preserve this property.

I can tell you that if this becomes a preserve, tree-lovers from all over the state, and perhaps from beyond the state, will come to visit just to see these trees. Thats how unique and rare and special they are.

About half the preservation area is in Kirtland Hills.

The development proposal also calls for about 55 acres of residential use on the northern end and roughly 32 acres by Interstate 90 as commercial. Forty-two acres in between is designated a town center.

Under the proposed zoning, a maximum of eight units per acre could be built, or nearly 1,500. However, the applicant is requesting permission for up to 650 total units.

The site also could support an upper midscale class, limited-service hotel of 80 to 100 keys by 2020, according to a market study presented previously.

Four residential types are proposed: single-family with medium lots, 50 feet wide with vehicle access and garages in the rear, and porches in the front; single-family with 30-foot-wide lots; townhouses and estates.

Ken Kalynchuk of Project Management Consultants LLC has indicated that the development could generate more than $600,000 per year through income and real estate taxes, and 500-plus jobs.

Build out is projected for 2030.

We think this is going to be a fantastic development both for the people that live and work here as well as all of the residents of Mentor, Hermann said. Were excited to move forward with this. We hope you are too.

While the applicant seeks to retain and repurpose the Bolton mansion, commission member Geoffrey Varga sought a condition guaranteeing that it wouldnt be demolished or allowed to deteriorate.

Project representatives expressed concern about being straitjacketed by any conditions.

The applicant has every intention of making the home a primary feature of the development, but we dont think its reasonable to provide an absolute requirement that they must maintain the residence in perpetuity if they cant find a financially viable means of maintaining it, said the applicants attorney, Thomas Coyne.

He proposed a condition that, if the applicant cannot find an economically viable use to preserve the Bolton house, the owner would agree to provide notice to the city and a 60-day discussion period to allow the city to work with the owner to find a means to preserve the home.

Commission member Joseph Sidoti and others were agreeable to the proposition.

At least that gives the city, the commission, the administration the chance to re-engage with you on some discussions on how to resolve that, Sidoti said.

The project was approved with 17 conditions, including:

The buildings proposed along the Norton Parkway corridor (east of Route 615) within Subarea B shall be ground-floor retail with the allowance for small office. Residential shall only be permitted above retail/office space within this area.

The residential unit count approved for Subarea A is up to 300 units and up to 350 units in Subarea B.

The Bolton family home should be preserved and re-used as a bed and breakfast, a boutique hotel or any of the allowed uses: housing/residential care facilities (single-family, mid-rise multifamily, assisted living, nursing homes) ; retail/services (barber shops/hair and nail salons, dry cleaners, restaurants, financial institutions, hotel); offices, and research and development facilities.

Public access shall be provided to the entire proposed conservation area (69 acres) and a conservation easement put in place over the 34 acres of the conservation zone within Kirtland Hills to guarantee it will not get developed.

Any proposed architectural design of residential and commercial buildings, and site design, shall meet or exceed the Design Criteria set forth in the Planned Development Overlay District regulations during final plan submittal.

A traffic impact study is required as part of the final plan submittal.

A tree preservation plan for trees outside the conservation area.

Any issues that may arise concerning the shortage of the required parking, due to the parking-sharing concept, shall be resolved with the introduction of structured parking.

Commission Chairman William Snow voted no.

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Bolton rezoning proposal clears first hurdle, preservation deal reached with Western Reserve Land Conservancy - News-Herald.com

MELBOURNE, Australia, Dec. 9, 2019 /PRNewswire/ --InfraRisk Pty Ltd. (InfraRisk), a leading supplier of credit management solutions in Australia, today announced it has expanded cooperation in auto financing with Toyota Financial Services to Germany and Austria to facilitate its credit process when lending to dealerships and large fleet customers.

Toyota Financial Services is a wholly owned subsidiary of the world's largest carmaker Toyota Motor Corp, specializing in offering a comprehensive financial services lineup that caters to customers' diverse needs while strengthening the core auto sales finance operation.

Nicholas Davies, founder and CEO of InfraRisk, said, "These two new European deployments complement existing ones in Europe and Australia demonstrating our platform's ability to operate across multiple geographies catering to a range of country specific factors including policies and languages, with modularity being the key architectural design."

InfraRisk has been in partnership with the car loan provider since 2016, offering them a fully featured credit management platform - Credit Value Maximiser, or CVX, to Toyota's broad base of customers.

The modularized tool is built around key origination functionalities, from profile to pricing, with each module connecting via defined APIs. By harnessing the power of big data analytics, cloud computing and artificial intelligence, InfraRisk's auto financing solution will enable a more efficient and effective, as well as regulatory compliant credit process.

Meanwhile, InfraRisk announced today a new partnership with Taurus Motor Finance, a start-up car loans provider based in Australia with a digital, automated and real-time credit assessment and approval process. The lender is implementing InfraRisk's cloud-based and intelligent CVX platform to facilitate its commercial lending business as it looks to scale up operations.

"InfraRisk's deep experience in the auto finance sector along with the system readiness to manage the capture of industry specific data fields has grown us into a leading provider of auto finance SaaS solutions," said Victor Li, head of Pintec International Business. "We will continue to invest in the ongoing research and development with committed efforts and build the platform into a smarter and more advanced tool catering to particular ecosystems."

InfraRisk is a wholly owned subsidiary of Pintec Technology Holdings Limited ("Pintec",Nasdaq: PT), a leading fintech solutions provider that specializes in intelligent retail finance covering point-of-sale installment loans, personal loans, SME loans, corporate and commercial segments, wealth management and insurance services.

About InfraRisk

InfraRisk is a leading provider of credit management solutions in Australia. Incorporated in November 2008 and headquartered in Melbourne, InfraRisk has over 10 years of experience in providing services for financial institutions in Australia, New Zealand, Europe and the Middle East. InfraRisk has been providing long-term services, primarily commercial and retail origination systems, to multiple banks and financial institutions including the big four banks in Australia and Toyota Finance.

Media inquiries, please contact:PintecGao JunPhone: +86 (10) 8564-3600E-Mail: jun.gao@pintec.com

SOURCE InfraRisk

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InfraRisk Expands Auto Financing Cooperation with Toyota Finance, Taurus Motor Finance - PRNewswire

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The Report on Global Architectural Glass Market Studies the Strategy Pattern Adopted by Prominent International Players. Additionally, The Report Also Evaluates the Market Size in Terms of Revenue (USD MN) For the Forecast Period. All Data and Figures Involving Percentage Shares Splits, And Breakdowns Are Determined Using Secondary Sources and Verified Through Primary Sources.

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Architectural Glass: Market 2019 Will Generate New Growth Opportunities in The Upcoming Year to Expand its Size in Overseas Market by AGC,...

More than 100 people gathered at Ruth's Chris Steak House Monday to hear the announcement of the Best of Central Valley Business winners. Photo by Ram Reyes

published on December 5, 2019 - 2:42 PMWritten by Gabriel Dillard

Ruths Chris Steak House in Fresno was hopping Monday night as more than 100 of the leading local business owners and representatives gathered to hear the winners of the 2019 Best of Central Valley Business awards.

In its sixth year, the competition invites online readers of The Business Journal to vote for their favorite people, businesses and organizations in the Central Valley in 35 different categories.

From a humble start of 22,000 votes in the first year of competition, this year the program garnered nearly 160,000 votes from Sept. 1 to Oct. 31.

The top three vote-getting finalists from each category were invited to the event.

Be sure to thumb through this Fridays issue of The Business Journal to read about the winners.

Best Politician on Business Issues:

Winner: Rep. Devin Nunes

1st Finalist: Assemblymember Jim Patterson

2nd Finalist: Rep. Jim Costa

Best Business Supporting Local Charities

Winner: Granville Homes

1st Finalist: De Young Properties

2nd Finalist: Tale Mountain Casino

Best Nonprofit

Winner: Marjaree Mason Center

1st Finalist: Hinds Hospice

2nd Finalist: Poverello House

Best Commercial Real Estate Company

Winner: Colliers International

1st Finalist: Fortune Associates

2nd Finalist: Stumpf and Co.

Best Residential Real Estate Company

Winner: London Properties

1st Finalist: Guarantee Real Estate

2nd Finalist: Realty Concepts

Best Real Estate Property Management Co.

Winner: Granville Homes, Inc.

1st Finalist: Manco Abbott

2nd Finalist: Regency Property Management

Best Architectural Firm

Winner: Darden Architects

1st Finalist: TETER

2nd Finalist: The Taylor Group

Best Engineering Firm:

Winner: Blair, Church, & Flynn

1st Finalist: Precision Civil Engineering, Inc.

2nd Finalist: Provost & Pritchard Consulting Group

Best Homebuilder

Winner: Granville Homes

1st Finalist: DeYoung Properties

2nd Finalist: Wathen Castanos

Best Business Bank

Winner: Central Valley Community Bank

1st Finalist: Wells Fargo

2nd Finalist: Chase Bank

Best Employment Service

Winner: PrideStaff

1st Finalist: Denham Resources

2nd Finalist: Hire Up Staffing

Best Property/Casualty Insurance Co.

Winner: DiBuduo & DeFendis

1st Finalist: Der Manouel Insurance Group

2nd Finalist: Alliant Insurance Services, Inc.

Best Credit Union

Winner: Educational Employees Credit Union

1st Finalist: Noble Credit Union

2nd Finalist: Golden 1 Credit Union

Best Auto Dealership

Winner: Selma Auto Mall

1st Finalist: Hedricks Chevrolet

2nd Finalist: Haron Jaguar Land Rover Volvo

Best Accounting Firm

Winner: The Garabedian Group

1st Finalist: Moss Addams LLP

2nd Finalist: Moore Grider & Company

Best Law Firm

Winner: McCormick Barstow LLP

1st Finalist: Dowling, Aaron, Inc.

2nd Finalist: Baker Manock & Jensen

Best Advertising Agency

Winner: JP Marketing

1st Finalist: Jeffrey Scott Agency

2nd Finalist: Catalyst Marketing

Best Bar To Entertain Clients

Winner: Elbow Room

1st Finalist: Pismos Coastal Grill

2nd Finalist: Annex Kitchen

Best Hospital

Winner: Clovis Community Medical Center

1st Finalist: Valley Childrens Hospital

See the rest here:
Best of Central Valley Business winners unveiled - The Business Journal

(First of five parts)

Section 116 of the Revised Corporation Code (RCC) defines a One Person Corporation as a corporation with a Single Stockholder, who must either be a: (i) natural person; (ii) trust; or (iii) estate, and which shall be governed by a special set of provisions under its Chapter III, Title XIII. However, as will be demonstrated in the discussions below, it would be easier to view the Single Stockholder in a One Person Corporation (OPC) setting as simply a natural person.

By way of comparison, if the close corporation reflects the commercial medium of an incorporated partnership introduced into the Philippine setting by the old Corporation Code, then the OPC should be viewed as a new corporate medium of incorporated sole proprietorship introduced under the RCC to promote the ease of doing business (EODB). The provisions of Chapter III, Title XIII seek to extend the commercially advantageous features of separate juridical personality and limited liability to entrepreneurs and proprietors of micro-, small-, or medium-enterprises (MSMEs), and to promote the EODB.

The OPC is primarily a for-profit corporate vehicle and generally cannot be employed by a natural person as a means to practice a profession, unless expressly allowed by a special law. Although theoretically there can be a nonstock corporation with a single member, such an institution would not fall within the ambit of Chapter III, Title XIII of the RCC.

NATURAL PERSON AS THE SINGLE STOCKHOLDERAlthough Section 10 of the RCC (Number and Qualifications of Incorporators) expressly provides that a person, partnership, association or corporation, singly may organize a corporation for any lawful purpose or purposes, it nevertheless provides in its last paragraph that A corporation with a single stockholder is considered a One Person Corporation as described in Title XIII, Chapter III of this Code. However, not all corporations with a single stockholder would fall within the definition of an OPC that shall be governed under Chapter III of Title XIII, since Section 116 provides essentially that only a natural person may form an OPC.

a. OPC is Organized as a Stock Corporation. The language of Section 10 referring to a single stockholder, as well as the provisions under Chapter III of Title XIII clearly provides that an OPC can only be organized as a stock corporation with a single stockholder.

To illustrate, although Section 10 allows for a single incorporator, and the amendment reflected in Section 22 allows the Board of Trustees to be constituted of only one member even for nonstock corporation, nevertheless, when a single natural person incorporator organizes a nonstock corporation with a Board of only one member, such a nonstock corporation cannot be considered as governed by Chapter III of Title XIII of the RCC, but rather by Title XI that governs primarily nonstock corporations.

b. A Natural Person as the Single Stockholder Acting as Nominee. When an OPC is organized by a natural person, there is no provision in Chapter III of Title XIII to indicate that it would not qualify to be an OPC when the Single Stockholder is holding such shares as a nominee for another person or persons, or even when he/she holds the shares as nominee of a corporation or any other juridical entity.

This position is bolstered by the fact that Section 116 provides that a trust is qualified to be the single stockholder, even when the trustee clearly holds the trust properties for the benefit of several beneficiaries, or, for that matter, for the benefit of a juridical entity.

c. A Trust as the Single Stockholder. A trust arrangement is not a juridical entity, and having no capacity to contract as such, cannot legally assume the role of the Single Stockholder who holds title to the shares in the OPC.

What Section 116 must mean is that the trustee of the trust property, when he/she is a natural person (since a trustee can also be a juridical person) can qualify to incorporate the trust estate into an OPC, with the trustee as the Single Stockholder, even when expressly stating that he holds the shares in the OPC as trustee for the benefit of an identified beneficiary or beneficiaries.

Again, when the natural person incorporates an OPC in his name as the Single Stockholder, expressly stating that he holds the shares as trustee for an identified beneficiary, this should not disqualify the corporation from being an OPC governed by Chapter III of Title XIII, since the provision itself allows a trust to be incorporated as an OPC, regardless of the trustor/beneficiary of record. It is only when the trustee is a juridical person that it cannot incorporate the trust properties into an OPC with the trustee-corporation itself as the Single Stockholder.

d. An Estate as the Single Stockholder. Section 111(a) (on Articles of Incorporation) states that If the single stockholder is an estate, the name, nationality and residence of the administrator, executor, guardian, conservator, custodian, or other person exercising fiduciary duties together with the proof of such authority to act on behalf of the estate shall be contained in the OPCs articles of incorporation.

An estate cannot lawfully become a stockholder of any corporation, because it has no juridical capacity to act; only persons with capacity to contract may own properties (i.e., shares of stock) or become parties to contractual relationships (i.e., as subscriber to the shares of stock of a corporation). It may be true that the OPC may assume the name of the estate, say Estate of the Decedent Juan dela Cruz, OPC, but the Single Stockholder of record would be the fiduciary holding legal title to the estate properties.

What Sections 116 and 118(a) must mean when referring to an estate which may form an OPC is that whoever is the fiduciary holding title to the estate (whether as an administrator, executor, guardian, conservator, etc.) may validly incorporate the estate into an OPC, with a fiduciary natural person as the Single Stockholder of record. Again, such a fiduciary must be a natural person to constitute the corporation an OPC governed by Chapter III of Title XIII of the RCC.

As in the case of a trust, the single stockholder may validly indicate that he/she holds all of the shares in the OPC as fiduciary of an identified estate beneficiary. In the case of the conservator, he actually holds the title to properties that pertain to a corporate entity.

ENTERPRISE OR BUSINESSES THAT MAY BE PURSUED THROUGH AN OPCIf one were to evaluate the various provisions of the RCC, we can deduce the following rules on the types of enterprises or undertakings that may be pursued through the medium of the OPC, thus:

a. Practice of a Profession. Pursuant to the provisions of Section 10, a natural person can pursue the practice of his profession through an OPC (or an ordinary corporation) only when authorized by the special law that governs the practice of that particular profession.

An example of such a special law would be the Architecture Act of 2004 (R.A. 9266) that allows the registration with the SEC of architectural professional corporations.

b. Service Company. A natural person can pursue the rendering of his/her services, other than in the practice of a profession (i.e., a service that is not regulated by the Professional Regulations Commission), through an OPC which thereby retains him/her as an employee or a consultant.

c. Holding Company. Aside from the express power granted to a natural-person-trustee or natural-person-fiduciary to incorporate the trust properties or the estate into an OPC, there is no prohibition in Chapter III of Title XIII, for an OPC to be organized by a natural person Single Stockholder, not to operate a business, but merely to hold title to properties, real or personal; EXCEPT:

(i) When it comes to holding title to private lands, where the single stockholder must be a Filipino citizen; and

(ii) When holding shares in a corporation engaging in a nationalized business or industry, where, if the Single Stockholder is a foreigner, the amount of equity held in the corporation should not exceed 40% of the voting capital stock, nor more than 40% of the entire outstanding capital stock

d. All Other Lawful Business Enterprises May Be Pursued Through an OPC by the Single Stockholder; EXCEPT: As expressly provided in Section 116: (i) Banks and quasi-banks; (ii) Insurance, preneed and trust companies; (iii) Publicly-held and Publicly-listed companies; and (iv) Non-chartered GOCCs

e. Businesses Vested With Public Interests. Although not expressly stated in Chapter III of Title XIII (unlike in the case of close corporations), an OPC cannot be organized to undertake any business that has been classified by the SEC as being vested with public interests, because such classes of corporations are required to have at least 20% of the Board constituted of independent directors, which requirement an OPC, by its very nature, cannot legally comply with.

f. Mining and Oil Companies, Stock Exchanges, Public Utilities. If close corporations are expressly disqualified under Section 95 from engaging in these types of business, then policy considerations should also disqualify the OPC from engaging in such business activities.

(The article reflects the personal opinion of the author and does not reflect the official stand of the Management Association of the Philippines or the MAP)

Cesar L. Villanueva is Chair of the MAP Corporate Governance Committee, the Founding Partner of the Villanueva Gabionza & Dy Law Offices, and the former Chair of the Governance Commission for GOCCs (GCG).

cvillanueva@vgslaw.com

map@map.org.ph

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Commentaries on the One Person Corporation under the Revised Corporation Code - BusinessWorld Online

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UAE-based facilities management provider, Emrill, has announced contract wins and renewals for the past year of over US$167m, setting a new record for the company with an increase of over 23 per cent compared to the previous year.

The announcement follows a string of new contract wins over the course of 2018 and 2019, including Marina Gate, Dubai Hills, Dubai Creek Residences and Downtown Dubai, where Emrill provides integrated facilities management to a diverse range of sectors including residential, commercial, retail and hospitality. During the period, Emrill secured over $44m in new project awards.

Commenting, Emrill CEO, Stuart Harrison, said a major factor in Emrills success in winning new business was its people. At every level of the organisation, we are committed to raising regional FM standards and redefining and improving the client experience one building, one community and one place at a time. We do this by building value partnerships with our clients, working with them to deliver long-term growth.

Our commitment to our partners success has enabled us to not only win a number of new major projects but also retain existing clients, with over 88 per cent of our new contract wins coming from existing clients.

Renewals for the period were 81 per cent higher than those in the previous year, totalling over $123m. Commercial contract renewals included Dubai International Terminal 3 and Dubai Opera. Residential contract renewals included Royal Amwaj Residences, 23 Marina and Princess Tower.

Philippa Carman, Emrills head of business development, commented on the recent Dubai Airports contract award: We were delighted to be awarded a six-year contract by Dubai Airports and to continue the excellent partnership we have built over the last four years. While the scope of work remains unchanged and will see our staff carrying out cleaning and janitorial services in passenger, stakeholder and logistics areas, we welcome the opportunity to expand our offering into concourse A in addition to concourses B and C.

Emrill will deploy over 1,000 cleaning staff at Dubai International Terminal 3 for the duration of the six-year contract, the longest contract Dubai Airports has awarded the company.

Speaking about current market conditions, Harrison said: While there is certainly pressure to reduce costs in certain price-sensitive sectors, the feedback we have received from our clients is they are still prioritising service quality and seeking out partners who can support their strategic aims. We have made substantial investment into FM innovation, and this approach has given our clients access to cutting-edge technology and enabled us to deliver operational efficiencies.

In 2018 and 2019, Emrill launched a number of technological firsts into the UAE market, launching the first efficiency-enhancing app of its kind, specifically designed to enhance and refine the delivery of soft FM services in both horizontal and high-rise communities. The company also mobilised the UAEs first and only CMAR street cleaner, significantly reducing water usage.

Carman explained: Technology has always played a big role in shaping the facilities management sector. In 2019, our goal has been to ensure we are future ready, both in our practices and procedures, as well as remaining ahead of the curve with the equipment we use. This technology-driven approach to soft FM services has enabled us to pass on this value-add to our clients.

Harrison added Emrills commitment to sustainability has also played a part in the companys success as clients are becoming more environmentally conscious. He said: We ensure sustainable practices are applied to all areas of the business and provide solutions that help our clients work towards carbon neutrality and sustainability. In 2018, we launched an organic vegetable garden in Dubai, accessible to 5,000 residents living in 1,500 apartments. We also developed a 700 square metre plot of sand into a sustainability park. The newly laid grass and shrubs were fertilised with recycled food waste.

Essentially, we have been able to grow year on year, retaining contracts and winning new contracts by being flexible and dynamic. Emrills Future Ready Programme was launched to build upon our existing company-wide culture of innovation and future proofing, enabling us to deliver innovations in technology and processes to achieve demonstrable productivity improvements. This is why our clients partner with us, Harrison concluded.

With over 7,500 directly employed staff, Emrill has operations in Dubai and Abu Dhabi and opened new offices in Sharjah and Ras Al Khaimah in the second half of 2019.

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Emrill announces record annual contract wins of over $US167m - Construction Business News