In 2017, RED Development sold an 11-acre tract at Rayzor Ranch Town Center to Kansas City-based EPC Real Estate Group, which developed a 292-unit luxury apartment community called The Village at Rayzor Ranch.
In 2019, Fidelis Realty Partners acquired 91.65 acres of property at Rayzor Ranch Town Center in Denton, including existing retail shop space, five ground leases and 60 acres of land.
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Stealing from the tobacco playbook, fossil fuel companies pour money into elite American universitiesPaul Thacker examines how oil and gas companies have funded research to try to weaken messages on climate change and protect their interests At the turn of the century, a fresh crop of research centres to confront global warming began popping up at prestigious American universities. Promising a sustainable solution to the carbon and climate change problem, Princeton launched the Carbon Mitigation Initiative in 2000. Two similar programmes followed at Stanford in succeeding years: the Program on Energy and Sustainable Development (2001) and the Global Climate and Energy Project (2002). Massachusetts Institute of Technology’s (MIT) Energy Initiative emerged in 2006, and University of California, Berkeley’s Energy Biosciences Institute in 2007. Each initiative grew professorships and scientific research to tackle the climate change crisis caused by the burning of fossil fuels. Ironically, the seeds for these academic centres were planted by fossil fuel companies. The obvious conflicts of interest—oil and gas companies funding research to end fossil fuel use—have caused researchers to cry foul and question whether the oil and gas industry—or any industry for that matter—can really be trusted to finance its own death. The fossil fuel industry’s financing of universities echoes a scheme started by tobacco companies in the 1950s. Digging through records made public through lawsuits, Harvard historian Allan M Brandt found that tobacco companies resolved to “demand more science, not less” as a public relations strategy to counter research showing smoking was harmful.12 In what he describes as “a public relations master stroke,” industry’s plan involved capturing academics by becoming a primary funder of biomedical research, as “offering funds directly to university-based scientists would enlist their support and dependence. Moreover, it would have the added benefit of making academic institutions ‘partners’ with the tobacco industry in its moment of crisis.”1 In 1954, tobacc
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