Shares of Duke Realty Corp (NYSE:DRE) ended Monday session in green amid volatile trading. The shares closed up +0.20 points or 0.73% at $27.72 with 1,294,785 shares getting traded. Post opening the session at $27.49, the shares hit an intraday low of $27.38 and an intraday high of $27.81 and the price vacillated in this range throughout the day. The company has a market cap of $9.77 billion and the numbers of outstanding shares have been calculated to be 350.76 million shares.
On September 15, 2016 The Atlanta office of Duke Realty Corporation (DRE), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of quality industrial facilities, announces that it has executed a long-term lease agreement for a 1,435,750-square-foot, build-to-suit distribution facility with Floor & Decor, an Atlanta-based company that operates large, consumer retail stores offering hard-surface flooring, countertops, sinks and related accessories. Construction on the building, which is being built on 90 acres located about 10 miles from the Port of Savannah, is slated to begin in November 2016, with Floor & Decor relocating to its new facility in early 2018.
“Floor & Decor has been a valued customer for several years, and we are excited to continue our partnership with them by delivering a new facility that can help them more efficiently deliver product to their retail stores,” said Chris Brown, Senior Vice President, Georgia and Tennessee. “This new facility will be state-of-the-art and incorporate modern features that will help facilitate product storage and distribution.”
“The location of this new distribution center will allow us to efficiently manage our import operations and serve our retail outlets in the eastern portion of the United States,” said Brian Robbins, EVP Supply Chain, Floor & Decor.
Duke Realty worked closely with the Savannah Economic Development Authority (SEDA) on the transaction, which represents one of the area’s largest development projects. “Our city and the port are pleased that Floor & Decor has elected to maintain operations here,” said Tripp Tollison, President, SEDA.
Shares of AEGON N.V. (ADR) (NYSE:AEG) ended Monday session in red amid volatile trading. The shares closed down -0.11 points or -2.62% at $3.90 with 1.28 million shares getting traded. Post opening the session at $3.92, the shares hit an intraday low of $3.89 and an intraday high of $3.93 and the price vacillated in this range throughout the day. The company has a market cap of $8.43 billion and the numbers of outstanding shares have been calculated to be 2.10 billion shares.
On August 25, 2016 Aegon NV appoints Michael F. Consedine as Global Head of Government and Policy Affairs, overseeing all aspects of the company’s government relations in Europe, the Americas and Asia.
Mr. Consedine brings together the U.S. and European Government Affairs teams under one organization to further increase transparency and optimize Aegon’s engagement with policymakers around the globe.
20-years industry experience
Mr. Consedine joined Transamerica early in 2015, and has spent his 20+year career in the insurance industry, as a regulator, policy advisor and counsel. Most notably, he served as the Insurance Commissioner for the Commonwealth of Pennsylvania from 2011 to 2015.
In addition, Mr. Consedine served as President-Elect and in other officer positions within the National Association of Insurance Commissioners (NAIC), during which time he chaired a number of NAIC committees focused on matters of international and domestic relevance for the U.S. insurance sector.
In 2011, he was named by the U.S. Treasury Department as a member of the Federal Advisory Committee on Insurance, charged with advising the Federal Insurance Office on domestic and international insurance policy.
Mr. Consedine also served as a U.S. representative on bi-lateral discussions with the European Union on mutual recognition of each jurisdiction’s insurance systems and was an Executive Committee member of the International Association of Insurance Supervisors. Prior to his time as Commissioner, Mr. Consedine was a Partner and Vice-Chair of Saul Ewing LLP’s Insurance Practice Group.