Houston energy services company tries to fend off investor activism

Houston-based Furmanite Corp. (NYSE: FRM) is gearing up for an investor activism battle next month when it holds its board elections at its annual meeting.

Houston-based Mustang Capital Management LLC and its managing member, John Linnartz, own 4.9 percent of outstanding Furmanite shares, and they are trying to replace four Furmanite board members, including Chairman Sangwoo “Bill” Ahn. Linnartz accuses the Furmanite leadership of poor management and cronyism.

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Los Angeles magnate negotiating to buy LifeWay's downtown campus

LifeWay Christian Resources is negotiating the sale of its campus in Nashville to a real estate magnate from Los Angeles.

According to multiple real estate sources, LifeWay is in talks with C. Frederick Wehba Sr., who founded the real estate company BentleyForbes 22 years ago.

Among other holdings, BentleyForbes once owned Chicago’s high-profile Prudential Plaza office towers. BentleyForbes also once owned the tallest skyscraper in the Southeast: Atlanta’s Bank of America Plaza. The firm also…

Why Floyd Kephart is Oakland's best (read: last) hope to keep Raiders

Keeping the Raiders in Oakland is important but, for many, it is a means to an end.

As Alameda County supervisors vote Tuesday on an exclusive negotiating agreement, or ENA, with Oakland and New City Development LLC, that bigger-picture view is important to keep in mind.

The ENA, unanimously approved Friday by the Oakland City Council, lays the groundwork for the city, county and Floyd Kephart-led New City to deal with nearly 200 acres of city-county owned land and some $100 million in debt from…

ULI recommends $242M redevelopment of the Astrodome

After presenting its initial recommendations for the future of the Astrodome in December, the Urban Land Institute has released a comprehensive report that pegs the project at more than $242 million.

As indicated in December, the ULI panel has recommended a plan similar to the indoor park Judge Ed Emmett proposed last year. While developing the plan, ULI focused on recognizing the Astrodome’s historic status and its practical use for NRG Park tenants, primarily the Houston Texans, the Houston Livestock…

'What would Jim do?' Clark Construction founder remembered as more than a savvy businessman

The Bethesda-based Clark Construction Group is one of the most successful and prolific contractors in the D.C. region and nationally, but those who knew its founder remember Jim Clark as more than just a savvy businessman.

Clark had every right to be boastful about his legacy at the multibillion-dollar company, with a portfolio that includes Nationals Park, the Coast Guard’s headquarters at St. Elizabeths and FedEx Field. For all his accomplishments, however, Clark did not seek the limelight. He…