Latest news with #BusinessPark
Business Recorder
23-04-2025
- Business
- Business Recorder
Minister, CBC delegates discuss establishment of China Business Park
LAHORE: A delegation of Chinese Business Council met with Punjab Minister for Industries, Commerce, and Auqaf Chaudhry Shafay Hussain. The delegation was led by Executive Chairman of the Chinese Business Council, Chen Qiang Jiang. During the meeting, the provision of waqf land of the Auqaf Department for the establishment of China Business Park was reviewed. Provincial Minister Chaudhry Shafay Hussain stated that approval from the provincial cabinet will be sought to lease the waqf land of the Auqaf Department for the China Business Park. The minister directed that a proposal be prepared for leasing the Auqaf Department's land and instructed that a survey be conducted of the land connected to the shrine of Hazrat Noor Shah Attari near Ferozepur Road regarding industrial infrastructure. Chaudhry Shafay Hussain further stated that the Chinese Business Council should present a complete plan regarding the establishment and investment of the business park. The Council may also set up business park in Punjab's special economic zones. The minister added that many foreign investment companies, including those from China, have already invested in Punjab, and many more are ready to do so. 'Bringing new investment to Punjab is my mission and all possible steps are being taken to achieve this goal,' he emphasized. Executive Chairman of the Chinese Business Council, Chen Qiang Jiang said that the Council intends to establish a China Business Park in Punjab and will invite Chinese companies to invest in it. He mentioned that companies from China associated with shoe making, artificial intelligence, electric vehicles, technology, and other sectors are ready to invest in the region. The meeting was also attended by Secretary Auqaf Dr Tahir Raza Bukhari, Additional Secretary Auqaf, Director General Auqaf, and other concerned officers. Copyright Business Recorder, 2025
Yahoo
16-04-2025
- Business
- Yahoo
Alexander & Baldwin Announces Ground Lease at Maui Business Park
HONOLULU, April 16, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i, announced the execution of a 75-year ground lease for 4.7 acres at its Maui Business Park Phase II project in Kahului, Maui. The lease agreement is with a prominent self-storage developer. "I am pleased with the robust commercial activity and strong interest we continue to see at Maui Business Park," said Lance Parker, president and chief executive officer. "This long-term ground lease represents a capital-efficient approach to expanding our portfolio and transforming non-income generating land into a productive asset. With this new relationship, we have an opportunity to invest in the development of the asset as well. Alongside our ongoing build-to-suit development project, this agreement demonstrates our commitment to strategically enhancing our commercial real estate portfolio and delivering value to our investors, tenants, and the local community." ABOUT MAUI BUSINESS PARK PHASE IIMaui Business Park Phase II is a 125-acre, mixed-use development near the Kahului Harbor and Kahului Airport, with immediate and easy access to all parts of Maui Island. The park has successfully attracted national, regional, and local businesses, establishing itself as Maui's prime neighborhood retail and industrial submarket. Leasing and sales are underway for lots ranging from one-half to five acres located within an Opportunity Zone, affording potential tax deferral benefits to qualified land purchasers. For more information on parcels available for sale or leasing opportunities at Maui Business Park Phase II, visit or contact Bill Froelich at ABOUT ALEXANDER & BALDWINAlexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets and four office properties, as well as 146 acres of ground lease assets. Over its 155-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. FORWARD-LOOKING STATEMENTSStatements in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding possible or assumed future results of operations, business strategies, growth opportunities and competitive positions. Such forward-looking statements speak only as of the date the statements were made and are not guarantees of future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those expressed in or implied by the forward-looking statements. These factors include, but are not limited to, prevailing market conditions and other factors related to the Company's REIT status and the Company's business, the evaluation of alternatives by the Company related to its non-core assets and business, and the risk factors discussed in the Company's most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. The information in this release should be evaluated in light of these important risk factors. We do not undertake any obligation to update the Company's forward-looking statements. Learn more about A&B at Media Contact: Andrea Galvinagalvin@ Investor Contact:Jordan Hinojhino@ View original content to download multimedia: SOURCE Alexander & Baldwin, Inc.
Associated Press
14-03-2025
- Business
- Associated Press
North Omaha: Moving Forward – Transformation 2030 Sparks Momentum for Change
'This summit reinforced that when we align our efforts and remain strategic, we can secure the investments, policies, and opportunities needed to bring about real change.' — Willie Barney, CEO and founder, Empowerment Network OMAHA, NE, UNITED STATES, March 14, 2025 / / -- On Saturday, March 8, more than 100 business owners, residents, community leaders and policymakers gathered to outline a strategic vision for North Omaha's future during North Omaha: Moving Forward – Transformation 2030. Backed by the Empowerment Network, the summit addressed policy, economic development, education, housing, safety, and entrepreneurship, and served as a powerful catalyst for action. 'To truly transform North Omaha, we must continue moving forward with a united front,' said Willie Barney, CEO and founder, Empowerment Network. 'This summit reinforced that when we align our efforts and remain strategic, we can secure the investments, policies, and opportunities needed to bring about real change.' North Omaha: Moving Forward – Transformation 2030 featured key discussions on legislative and policy matters, with speakers emphasizing the need to prepare for the 2026 legislative session. Topics included juvenile justice reform, sentencing laws for minors, and securing funding for community initiatives. Attendees were urged to engage in interim hearings and advocate for policies that support North Omaha's growth. Presenters included State Senators Ashlei Spivey and Terrell McKinney and County Commissioner Chris Rodgers, as well as representatives from Davis Contracting, Creighton University, Hayes & Associates, Malcolm X Foundation, Omaha Northwest High School Principal Dr. Kimberly Jackson and the Empowerment Network's Skill Up/Power Up Omaha Program. The theme of economic empowerment reverberated across discussions throughout the morning. Leaders stressed the need for a comprehensive development plan, ensuring that North Omaha has access to critical funding and business resources. Omaha's Inland Port Authority and the Airport Business Park programs were highlighted as key projects that will drive job creation and economic growth. Designed to manage inland port districts, the Inland Port Authority can enhance economic activity, attract businesses and improve freight transportation efficiency. As a commercial and industrial development located near an airport, designed to attract logistics companies, manufacturers, and businesses that benefit from proximity to air transportation, the Airport Business Park program intends to attract new industries and jobs to the Omaha market. Entrepreneurship remains a central pillar of transformation. During the summit, attendees learned about financial literacy tools, access to capital and programs designed to support the growth of Black-owned businesses. According to data from the Brookings Institute, between 2017 and 2022, the number of Black-owned businesses with employees increased by 95 percent in Omaha, representing a significant rise in Black entrepreneurship during that period. This data reinforces the potential for sustained economic expansion. With the goal of increasing North Omaha's graduation rate from 70 to 90 percent in the next five years, education leaders discussed strategies including mentorship programs, career pathways and financial literacy training for students. Through programs like Cradle to Career, a community initiative spearheaded by Empowerment Network and aimed at guiding Omaha youth from early childhood to successful career placement, students are provided with resources and a pathway to achieve academic success. Efforts to increase affordable housing, homeownership opportunities and revitalization projects were a focal point, alongside discussions on community safety. North Omaha is experiencing increasing growth with private developers that grew up in the neighborhood. A united approach to violence prevention and justice reform was emphasized, with speakers calling for greater community involvement in advocacy efforts and accountability. The next meeting in April will bring the community together to finalize the plans. 'We've had more than 500 leaders, residents and stakeholders engage in the Transformation 2030 meetings this year,' said Barney. 'Thousands have provided input over the past year through summits and conferences. The community has helped to establish goals, review and add solutions, discuss policies and produce initial priorities. Next month we will move to budgets and finalizing the strategic plan and immediate actions.' The Empowerment Network plans to formally launch the Transformation 2030 plan at its annual Rebuilding the Village Conference on Friday, May 16. The annual summit is supported by community partners and initiatives, including Charles Drew Health Center, Inc., Family Housing Advisory Services, Inc., Great Plains Black History Museum, Metropolitan Community College, Omaha 360, Omaha Economic Development Corporation, Step-Up Omaha and Urban League of Nebraska. As an organization dedicated to building safe and thriving communities through economic, educational and social success, Empowerment Network is also supported in part by the My Brother's Keeper Alliance, a program of The Obama Foundation. Initiatives like The State of North Omaha annual summit promote supportive communities for boys and young men of color, ensuring they feel valued and have clear pathways to opportunity. About the Empowerment Network The Empowerment Network is a nonprofit organization committed to advancing economic, social and civic progress within Omaha's African American community, North Omaha and the region. Through collaborative efforts and innovative initiatives, the Empowerment Network strives to create opportunities for empowerment and transformation in every zip code and neighborhood in the City of Omaha and other national communities. Vicki Quaites-Ferris The Empowerment Network +1 402-502-5153 Facebook X LinkedIn YouTube Legal Disclaimer:
