If you are not already running the $194.2 million 909 Third Avenue loan to payoff at first open, you probably should, especially if you're looking at the A-4 class. According to a report in Friday's Commercial Mortgage Alert, Ladder Capital has been tabbed to refinance the loan. According to the article, it will most likely be securitized as a stand-alone, fixed rate deal over the next few weeks. The loan's open period is longer than many: it is slated to mature in April 2015 but can...

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On January 1, 2014, the California Revised Uniform Limited Liability Company Act (the New Act) replaced California’s Beverly-Killea Limited Liability Company Act (Beverly-Killea), which was adopted in 1994. The New Act is intended to bring California’s laws more in line with the laws of other states while also clarifying certain issues that existed under Beverly-Killea. Existing and future California LLCs are subject to the New Act. Thus, it is important that operating agreements drafted prior to 2014 be reviewed, and...

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Laboratory coats which can change color and warn people of poisonous gases, bandaging materials which show that the patient has an infection and bath gloves which detect chemical additives in bathwater are potential examples of intelligent textiles which can show dangers in different colors, and thus contribute to achieving greater occupational safety. The dyes were researched and produced by Joanneum Research in Weiz, according to a report published by the Austrian Press Agency. Sensor textiles as a warning signal. A sensor...

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The American pharmaceutical and biotech company Baxter plans to invest EUR 80 million in the facilities it operates in Vienna and Orth, Lower Austria. This amount is in addition to the EUR 138 million which will be invested at the plant in Krems, Lower Austria over the coming years. In this way, Baxter is “sustainably securing the future of its Austrian business operations”, says Karl-Heinz Hofbauer, Baxter’s Operations Manager in Vienna. Baxter continuously invests to upgrade its Austrian sites. In...

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Granito Corporate Advisories announces the creation of a corporate social learning platform. This instructional platform's goal is to enable small and mid-size companies to stabilize and develop staff talent and facilitate growth, especially those looking to internationalize. It is designed especially for companies currently unable to afford available enterprise-grade social networking applications. Using existing free social medium platforms, GRANITO focuses on teaching an enterprise wide awareness of, and participation in, fundamental business tools such as mentoring, brain-storming, networking and team...

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