ORLANDO, Fla., June 29, 2012 (GLOBE NEWSWIRE) -- RedChip Companies, Inc. ("RedChip"), an international, small-cap research and investor relations firm, has completed the build-out of a full HD television studio in Orlando, Florida.

The studio is equipped with Sony HD video cameras, a professional-grade lighting system, and a full editing suite with Final Cut Studio Pro, Adobe After Effects, Photoshop, and Premiere. The studio also has live broadcast and green screen capabilities.

RedChip will broadcast its upcoming financial television show, "The RedChip Money Report," from the studio. Hosted by Dave Gentry, President and CEO of RedChip, the weekly program will deliver insightful commentary on small-cap investing as well as executive interviews from companies soon to be discovered by major Wall Street firms. The show will air on ValCom, Inc.'s MyFamilyTV Network beginning in August. The network's 84 stations reach 39 million households across the U.S. To find the station in your area, visit http://www.myfamilytv.tv/affiliate_map.htm.

"Our new state-of-the-art studio will prove invaluable as we launch our weekly television program. From script to finished product, the studio is fully equipped to deliver top-quality productions," stated Mr. Gentry. "We encourage viewers to tune in and experience our exciting lineup of small-cap opportunities."

About RedChip Companies, Inc.

RedChip Companies, an Inc. 500|5000 company, is an international, small-cap research and investor relations firm headquartered in Orlando, Florida; with affiliate offices in Beijing, Seoul, Hong Kong and Singapore. RedChip delivers concrete, measurable results for its clients through its extensive global network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(TM), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV(TM), Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio(TM). To learn more about RedChip's products and services, please visit: http://www.redchip.com/visibility/productsandservices.asp.

"Discovering Tomorrow's Blue Chips Today"(TM)

The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761

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RedChip Completes Construction of New Television Studio

A onetime Hayes Valley freeway off-ramp turned parking lot/community garden can get yet another life as a new development with retail space and 182 rental units.

The Planning Commission gave its unanimous approval to the project's conditional use permit Thursday, clearing the way for the development. While the city still owns the property, a sales agreement has been reached with the developer.

The project is bounded by Oak Street, Laguna Street, Octavia Boulevard and Hickory Street, an unimproved right-of-way. Since the Central Freeway off-ramps were removed in 2003, plans have been in the works for adding housing on the property.

"This is an incredibly wonderful example of how to creatively reuse the freeway space," said Commissioner Kathrin Moore.

Plans call for 29 percent studios, 31 percent one-bedrooms and 40 percent two-bedroom units. Sixteen of the largest apartments will be two-story family-friendly town homes.

While community groups like the Hayes Valley Neighborhood Association have endorsed the plan, some neighbors complained Thursday that the 91 parking spaces planned for the development weren't enough and would cause parking problems in the neighborhood. Others complained that the development was too dense for the neighborhood and didn't provide affordable housing.

But the city has been tightening parking requirements, especially in transit-rich spots like the Octavia-Hayes Valley area, and the project also includes parking spaces for 85 bicycles. The developer also agreed to pay $9.6 million to the city's affordable housing fund.

- John Wildermuth

Show us the money: The 49ers are going to court to collect some $30 million in redevelopment money the city of Santa Clara promised them for their new stadium.

Problem is, the city doesn't have that money after the state dissolved all local redevelopment agencies earlier this year. And the Santa Clara County agency now responsible for doling out any leftover redevelopment funds decided the community had more important uses for the cash than the planned $1.2 billion stadium.

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S.F. Hayes Valley off-ramp site set for housing

(Scott Sommerdorf | The Salt Lake Tribune) The red carpet was rolled out amidst the construction site as The Outlets at Traverse Mountain announced an expansion and new retailers, Thursday, June 28, 2012.

Retailing Outlets at Traverse Mountain set for November opening.

Calvin Klein, Izod, Coach, Polo Ralph Lauren and dozens of other retailers and restaurants are set to open in November in a new 225,000-square-foot outlet shopping center under construction in Lehi.

Outlets at Traverse Mountain is being built on 50 acres off the Interstate 15 at the Alpine/Highland exit. The expected 52-store project is a joint venture between Newport Beach, Calif.-based Craig Realty Group and Lehi-based Legacy Retail LLC. The general contractor is Layton Construction of Salt Lake City.

Outlets at Traverse Mountain

The mall at 3700 North Cabelas Blvd in Lehi eventually will have 52 stores. Tenants that have signed leases so far:

Auntie Annes Pretzels

Banana Republic Factory Store

Bass

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New outlet mall to feature tenants new to Utah

by Gary Nelson - Jun. 26, 2012 10:01 PM The Republic | azcentral.com

Mesa's Fiesta District might as well be the Chernobyl of Valley retail areas.

With the exception of Fiesta Mall itself, most of the centers near Alma School Road and Southern Avenue are either dead or nearly so, relics of a boom that flickered and then died as shoppers fled to newer, glitzier venues.

Mesa has fought for years to revive the area, though nobody at City Hall thinks it ever will return as a retail mecca. The thinking now is urban mixed-use, with new buildings hewing to design standards that Mesa laid down several years ago but seldom used.

Now, the city itself is stepping up to lead the way.

It broke ground Tuesday for an ultramodern police substation that not only will put people in the neighborhood but, the city hopes, showcase the neighborhood's potential.

The site, a barren patch of dirt southeast of the Bank of America tower, will be teeming with construction workers for the next year.

"This is a tremendous step in our effort to improve the Fiesta District," said Councilman Dennis Kavanaugh, who represents the area. "We see the Fiesta District on the road to revitalization."

That a police station would occupy the site was the last thing anyone dreamed of six years ago.

Back then, a Chicago developer was wowing City Hall with promises of a glitzy high-rise called Fiesta Towers, two buildings of 19 stories each and two with 10 stories, that would transform southwest Mesa.

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Rehab of Mesa's Fiesta District begins

Construction on a hotel and retail development on Elmore Avenue should start by the end of the year, while another motel is being planned for northeast Davenport near Trinity Bettendorf.

Several letters of intent have been received and three leases are in various phases of completion for retailers for what is expected to be about 85,000 square feet of space in the Elmore Avenue project, Heart of America Group president Mike Whalen said Tuesday. A lead tenant has committed.

There just arent many new construction projects being built in retail across the country, so I am pretty excited about it, Whalen said. We want to be able to start construction this year, so we are putting pressure on folks to move faster than they usually do in the retail arena.

He declined to identify any of the retailers his company is in talks with.

I believe it wont be in the too distant future we can say heres who, Whalen said.

Along with the retail space, the $28 million project also includes a hotel with 100 to 120 rooms.

Last week, Davenports plan and zone commission approved the development plan for a four-story, 102-room extended-stay motel on 3.81 acres at the intersection of Market Square Circle and Progress Drive, located west of Utica Ridge Road between Rave Cinemas and the Trinity Bettendorf hospital.

The project is expected to go in front of the Davenport City Council late next month.

The cost of the motel project was unavailable Tuesday. Jeff Lamont of Davenport Lodging Group, Aberdeen, S.D., who submitted the development plan, couldnt be reached for further comment about the project.

Lamonts development group hasnt submitted any requests to the city for financial assistance.

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Davenport hotel, retail projects move forward

OVER THE RHINE, OH (FOX19) -

A ground breaking Tuesday on a $59 million redevelopment project in Over The Rhine. The project calledMercer Commonswill include condos, apartments and retail space.

It is3CDS's largest mixed use project ever. It will encompass more than two and half acres and it's a project that Cincinnati Vice Mayor Roxanne Qualls says will change the face of Over the Rhine. "Transforms Vine Street. We have over....when it's built out...phase one and phase two we'll have over 150 units of new housing," she said.

The project was launched With the ceremonial turning of the first shovel fulls of dirt by city officials and other V.I.P's.

Mercer Commons will be built in phases and includes 26,000 square feet of retail space, 28 condos and 126 apartments. Some apartments will be moderately priced which is something Over the Rhine resident Mike Rogers says hewants to see. "What I really like about it is we need more rental property in the community and not only that affordable apartments...you know units for people. So I think its great," said Rogers.

Vicki Sanford has lived in over the Rhine for nearly nine years and she says it helps the local economy. "It'll give us an economic boost. You got a lot of people out here that are working...working poor, but they are working and this is a chance for people to get some more jobs."

Funding for the $59 million project comes from a variety of sources including the city. Despite Cincinnati's budget woes Mayor Mark Mallory says its a worthwhile investment. "Progress has to continue. We have a lot of development going on in the city of Cincinnati right now. We have a lot of energy and the best thing that we can do to get rid of budget deficits and those kinds of things is to continue to invest in economic development that creates jobs and brings jobs to the city because that's where we get our money."

Construction is expected to take about 16 months with the 340 space parkinggarage opening in March of 2013.

Copyright 2012 WXIX. All rights reserved.

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Ground broken for large OTR redevelopment project

INDIANAPOLIS, June 26, 2012 /PRNewswire/ -- Simon Property Group, Inc., (SPG), the world's leading retail real estate company, and Woodmont Outlets announced today that construction on St. Louis Premium Outlets will begin on July 11, 2012. The project is a joint venture with Woodmont Outlets. Simon owns a 60% interest in the project.

St. Louis Premium Outlets in Chesterfield, Missouri is a part of Chesterfield Blue Valley, a mixed-use development to include office space, hotel, restaurant and entertainment venues. Located on the south side of I-64/US Highway 40 east of the Daniel Boone Bridge, the center's first phase of 350,000 square feet and 85 stores will open in the fall of 2013.

The new outlet center will be anchored by Saks Fifth Avenue OFF 5TH, one of seven new store locations recently announced. "We are excited to grow our OFF 5TH store portfolio with Simon. We believe these locations are well suited for us to deliver our distinct merchandise offerings to area residents and visitors," stated Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH.

The center will feature an impressive collection of leading designer and name brands selling direct to consumers at significant savings in a sophisticated outdoor village setting. Some of the top fashion and accessories brands include Ann Taylor, Brooks Brothers, Elie Tahari, Haggar Clothing Co., Jones New York, Loft Outlet, Maidenform, Tommy Hilfiger, Van Heusen and many others. Due to high interest in the merchant community, St. Louis Premium Outlets is currently over 60% committed.

"We are excited to bring many of the finest retailers and brands to the area offering incredible value," commented John R. Klein, President of Simon's Premium Outlets platform. "We look forward to having this project, our merchants and the community benefit from our regional, national and international outreach."

The center will offer something for all members of the family. Shoppers will be able to choose from a wide range of footwear and sportswear brands including Asics, Clarks Bostonian, Easy Spirit, Famous Footwear, Finish Line, Fox Racing, Hot Topic, Izod, Naturalizer, Nine West, Skechers and Under Armour. The mix of stores will feature popular children's brands such as Hartstrings; an excellent selection of women's sizes at Lane Bryant; jewelry stores like Kay Jewelers; and stores that offer home furnishings and great gifts including Yankee Candle.

"In addition to providing shoppers with an incredible shopping experience, the project will create an estimated 700 new retail jobs as well as over 1,000 local construction jobs over the next year," said Stephen Coslik, Chairman and CEO of Woodmont Outlets, an affiliate of The Woodmont Company. "We look forward to the center becoming a source of pride for the community."

About Simon Property Group

Simon Property Group, Inc. (SPG) is an S&P 100 company and the largest real estate company in the world. The Company currently owns or has an interest in 339 retail real estate properties in North America and Asia comprising 245 million square feet. We are headquartered in Indianapolis, Indiana and employ approximately 5,500 people in the U.S. For more information, visit the Simon Property Group website at http://www.simon.com.

Simon's Premium Outlets portfolio features 72 Premium Outlet Centers including 59 in the United States, one in Puerto Rico, eight in Japan, two in Korea, one in Malaysia and one in Mexico. Its industry-leading properties include Woodbury Common Premium Outlets (New York City), Orlando Premium Outlets, Desert Hills Premium Outlets (Palm Springs, California), Las Vegas Premium Outlets and Wrentham Village Premium Outlets (Boston).

Originally posted here:
Simon Property Group and Woodmont Outlets To Celebrate the Start of Construction on St. Louis Premium Outlets® With ...

Regency Centers Corporation (REG), a real estate investment trust (:REIT), is set to commence construction of a 280,113 square-foot shopping center named Grand Ridge Plaza in Issaquah Highlands, east of downtown Seattle. Spanning across 24.58 acres, the center will be anchored by Safeway, a major grocery chain in the U.S.

Grand Ridge Plaza will be an open-air center featuring a 44,543 square-foot Safeway store, a 56,820 square-foot 12-screen Regal Cinemas and other retail stores, restaurants and entertainment centers. The construction is expected to be completed by fourth quarter 2013, with the first-phase of Regal Cinemas opening in the second quarter 2013.

Regency will largely benefit from the prime location of the property as Issaquah Highlands has limited competition due to high barriers to entry. Once fully complete, Issaquah Highlands will have up to 4,540 homes and 3 million square feet of commercial space.

Grand Ridge Plaza will serve the nearby Sammamish Plateau and greater Issaquah areas and Interstate 90. The center is expected to further expand Regency's presence in the Pacific Northwest.

Grand Ridge Plaza is included in Regency's 'greengenuity' program and accordingly will feature green building strategies and energy-efficient design and practices. It will also comply with the overall sustainability principles of the Issaquah Highlands community.

Jacksonville, Florida-based Regency owns, operates and develops grocery-anchored retail shopping centers in the U.S. With properties in high income, high-barrier markets, Regencys retail strip center portfolio is among the best in the sector and allows it to continually perform at the top-end of its peer group.

Regency currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. We are also maintaining our long-term Neutral recommendation on the stock. One of its competitors, Simon Property Group Inc. (SPG) holds a Zacks #2 Rank, which translates into a short- term Buy rating.

Read the Full Research Report on SPG

Zacks Investment Research

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Regency to Develop Shopping Center

NEW YORK, June 25, 2012 /PRNewswire/ --Silverstein Properties President and CEO Larry A. Silverstein was joined by approximately 1,000 construction workers and other New York government, civic and business leaders at a topping out ceremony marking the completion of steel erection for the new 4 World Trade Center the first office tower that will be completed and opened on the original 16-acre World Trade Center site.

The final steel beam, which weighed 8 tons and was adorned with an American flag, was signed by Mr. Silverstein and other dignitaries. It was then raised 977 feet in the air and placed at the top the 72-story tower.

"The topping out of 4 World Trade Center represents another milestone in the effort to create a new, dynamic World Trade Center at the heart of a resurgent Downtown," said Mr. Silverstein. "This neighborhood has undergone a remarkable transformation into a one-of-a-kind model of sustainable urban development. Over the past decade, the number of people living Downtown has doubled. We have the best mass transit network, new parks and schools, and the densest concentration of green buildings of anywhere in the world. That is why lower Manhattan is fast becoming the location of choice for all kinds of creative companies, as well as the financial powerhouses of Wall Street."

"The World Trade Center site is at the heart of Lower Manhattan's rebirth," said Mayor Michael R. Bloomberg. "As 4 World Trade Center takes its place in the New York City skyline, we're creating a neighborhood that is stronger than ever. Congratulations to all who have taken on the challenge of rebuilding and worked so hard on this important project."

New York State Assembly Speaker Sheldon Silver said: "To think that such a beautiful structure now stands where there had once been such shocking ugliness and terrible pain is, on the one hand, breathtaking and inspiring, and on the other, so perfectly symbolic of New York's 'can do/never surrender' spirit. I congratulate Larry Silverstein and Dan Tishman on this outstanding achievement."

Designed by Pritzker Prize winning Japanese architect Fumihiko Maki, 4 World Trade Center is located at 150 Greenwich Street and bounded by Greenwich, Church, Cortlandt and Liberty Streets. The tower was designed to have an abstract quality minimal, light, cool in color, and ephemeral, changing with the light of day. Seen from a distance, the building presents a unique angular profile at the crown, in keeping with the spiral composition formed by the group of four towers and looking back to the Memorial and One World Trade Center.

The fourth tallest skyscraper on the World Trade Center site, 4 WTC will include 72 floors that total approximately 2.3 million square feet. It has been designed to meet a LEED Gold level of sustainable design like 7 World Trade Center and the other office buildings at the WTC site. A quarter of the office space is slated to become the new headquarters of the Port Authority of New York & New Jersey. Another 600,000 square feet will be occupied by the City of New York. The remainder of the office space will be retained by Silverstein Properties for commercial tenants.

The podium base of 4 WTC is made up of the ground floor, plus two levels above grade and two floors below grade that are dedicated for retail use restaurants, shops and boutiques of every kind. The building provides primary access from Wall Street to the World Trade Center's underground transportation and retail concourse, which in turn connects to the central PATH terminal and virtually every subway line.

Said Fumihiko Maki, "The design of the tower at 150 Greenwich has two fundamental elements a 'minimalist' tower that achieves an appropriate presence, quiet but with dignity, and a 'podium' that becomes a catalyst for activating the surrounding urban streetscape as part of the revitalization of lower Manhattan."

The conceptual design for 4 World Trade Center was unveiled in September 2006. In February 2008, excavation and foundation work began and in July 2009, below-grade work on the project was completed. Steel erection began in December 2009. Glass curtain wall installation began in April 2011 and the building will be fully enclosed in December 2012. 4 World Trade Center is scheduled to open in fall 2013.

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WTC Developer Larry Silverstein Celebrates Topping Out of Steel at 4 World Trade Center

Retail developers are expressing significant interest in the former Delphi site in Oak Creek, according to newly elected Mayor Steve Scaffidi. However, the retailers that are being pitched for the site dont match the citys vision for the project, called Drexel Town Square.

The stores that have been proposed so far are chain stores similar to stores that are already in Oak Creek, said Scaffidi, who declined to name the specific retailers that have been proposed.

Im not interested in filling the site up with something (similar to what) we already have up and down Howell Avenue, he said. Its got to be a destination place that isnt offered in other places. Im going to hold out for that. I understand that makes the project more challenging.

The 85-acre former Delphi plant site is located southwest of Howell Avenue and Drexel Avenue in Oak Creek.

Earlier this year, city and Wispark officials announced the development plans for the site. The eastern third of the site will feature junior box retail stores (about 20,000 to 40,000 square feet each) and some outlot retail development. The middle third of the site will have a Main Street lined with multi-story buildings with retail on the ground floor and apartments on the upper floors. A Town Square on the Main Street is expected to be a gathering place and could be used for ice skating in the winter and farmers markets in warmer months. The Main Street area will also be the site of the citys new library and City Hall. The western third of the site will have apartment buildings similar to those in Milwaukees Historic Third Ward.

The entire development consists of 880,000 square feet of space, including 255,000 square feet of retail space, 70,000 square feet of civic space (for the library and City Hall) and 555,000 square feet of residential space.

Interest in the residential component of Drexel Town Square is strong, and Scaffidi expressed confidence that the apartments will attract tenants. City officials have interviewed about six multi-family housing developers that have expressed an interest in building the residential component of the development and plan to select one soon.

We have had a strong interest in the residential aspects from numerous developers, said Scaffidi, who declined to name the developers. Those will be unique residential units. Residential is the easy part of it. Well have no problem filling those things.

Robert Monnat, chief operating officer for Milwaukee-based multi-family housing developer Mandel Group Inc., said the Drexel Town Square project is a good move by Oak Creek and will help it attract an increasing number of residents that want to live in dense, walkable, mixed-use environments.

Theyre working to reinvent the climate of Oak Creek and provide a whole different sort of lifestyle that isnt currently available there, Monnat said. This is a great idea. If you dont take this step to bring about change, (Oak Creek) will probably never be anything other than what it is today. If (Oak Creek) wants to remain relevant, it has to do things that might seem kind of forced, but 10 years from now people will say, Of course thats what they should have done. I think it will be successful.

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Oak Creek mayor keeps retail bar high at Delphi site