Weyerhaeuser Co. announced in June
2004 that it would sell 304,000 acres (123,029 hectares)
of Georgia timberland for $404 million to four different
buyers in order to reduce its debt. Meanwhile, 18,000
acres (7,285 hectares) will be retained by the company
for real estate development through its own real estate
division. Weyerhaeuser will still own or manage approximately
6.5 million acres (2.6 million hectares) of land in
the U.S. after the transaction is complete in late 2004.
The transaction brings the company's total recent sell-off
to approximately 900,000 acres (364,230 hectares) in
five states.
Rick Little, director of real estate for
Wash.-based Weyerhaeuser, is an IAMC member.
Juniper Networks, based in Sunnyvale,
Calif., received the Network Security Vendor of the
Year Award from the Frost & Sullivan Asia Pacific Technology
Awards 2004. Manoj Menon, a partner with Frost & Sullivan,
said, "Juniper Networks is one of the largest players
in the Asia Pacific network security market and we believe
the company is in a strong position to further enhance
its footprint in the region."
John Lucas, director of
worldwide real estate and workplace services for Juniper,
is an IAMC member.
ProLogis Park at Orlando Corporate
Center, Orlando, Fla., won the prestigious Office Building
of the Year award in the industrial office park category
from the Building Owners and Managers Association in
September. But as usual, the company's real reward was
coming in the form of new projects. Later that month,
the company signed a new logistics agreement with French
third-party logistics company ID Logistics. It also
leased nearly 1 million sq. ft. (92,900 sq. m.) of facilities
in the U.K. through six separate agreements, and signed
build-to-suit agreements with NYK Logistics in Romentino,
Italy, and with Tchibo in Neumarkt, Germany. In its
home country, the firm inked two major leases in Ohio
with appliance and electronics retailer H.H. Gregg.
Gregory Arnold, senior vice president for ProLogis,
is an IAMC member.
The latest call center arrow in the
quiver of British Columbia's
Linx BC organization is
from Marusa Marketing, a Toronto-based affiliate of
Salt Lake Citybased Teleperformance USA, which will
employ as many as 500 people at a new contact center
in Vernon. Teleperformance and Marusa are part of the
$1-billion Paris, France-based SR Teleperformance Group,
a global leader in outsourced teleservices that operates
138 centers in 38 countries and 35 languages. The firm
also recently established a $5-million, 160-person call
center in El Salvador, and acquired a leading presence
in the U.K. market with the acquisition of the MM Group.
Brian Krieger, director of Linx BC, is an IAMC member.
IAMC members
Dennis Hall of the
Nebraska
Public Power District and
Dave Gilfillan of the
Nebraska
Dept. of Economic Development were delighted in June
when Swedish firm Husqvarna announced it would build
a new 274,000-sq.-ft. (25,455-sq.-m.) plant on 25 acres
(10 hectares) in the turf care equipment capital of
Beatrice. Founded a mere 315 years ago, the company,
now a division of Electrolux, has been in Beatrice since
1999. It expects the new location to be revving up in
late spring 2005.
As noted in the July 2004 "IAMC
Insider," Toyota's Bodine project in Jackson, Tenn.,
has begun issuing contracts. Following in the footsteps
of IAMC member company H+M, fellow IAMC member company
Walbridge Aldinger was awarded the general contract
for the project on June 18. David Bourgeois, assistant
director of support assets for Walbridge Aldinger,
is an IAMC corporate member.
In early July, L.A.-based
CB Richard
Ellis announced a partnership with Dallas-based HQ
Global Workplaces. The two companies will develop
a joint strategic marketing program to attract office
users to HQ Global's work spaces. CBRE also will provide
traditional real estate services, including comprehensive
portfolio management, for HQ Global's office business
centers, which total more than 4.5 million sq. ft.
(418,000 sq. m.) in major markets nationwide. HQ Global
will provide CBRE clients alternative space with increased
flexibility in rental terms, amount of space and support
services.
Robert Duncan, senior vice president of
CBRE-El Paso, and
Bleecker Totten, senior managing
director with CBRE's Saddle Brook, N.J., office, are
IAMC members.
New Jersey-based
Honeywell has chosen
the city of Morges, Switzerland, as administrative headquarters
for its Turbo Technologies unit, serving the European,
Middle East, African, and Indian markets. The center
will employ some 100 of the company's 3,000 European
employees.
Philip Hammel, California-based director
of real estate for Honeywell, is an IAMC member.
Program management, architecture,
engineering, and construction management firm
The Facility
Group has made several personnel changes. John K. Little
has been named executive vice president and COO of the
Facility Collegiate Properties, Inc., division. James
Wilson has joined the firm as senior vice president
of the Public Education division. Christopher M. Koc
has been named the company's new chief technology officer.
And Eric Anderson has been named director of the company's
Science, Technology, & Higher Education Studio in its
design group.
J. Michael Colvin, senior vice president
of Smyrna, Ga.-based The Facility Group, is an IAMC
member.
Tom George has been promoted to senior
vice president of Atlanta-based industrial real estate
developer
IDI. S. Michael Parks, vice president of national
business development for IDI, is an IAMC member.
