The Robin Hood Foundation's annual gala raised a record-breaking amount of more than $101 million Tuesday night. "What's great is tens of thousands of people are part of the Robin Hood community. Some people give a dollar. Some people get to give a million dollars," said Executive Director David Saltzman. The Pershing Square Foundation pledged $25 million to match donations.
Austria will close down military barracks and schools, and cut back on personnel and recruitment as the country's defense budget faces $101 million in cuts in 2015. The Austrian Federal Army will also retire or sell much of its equipment, including tanks and armored vehicles.
Weis Markets will invest $101 million in growth projects this year, President and CEO Jonathan Weis said at a recent shareholders meeting. Weis reported that the company plans to wrap up 16 projects and has invested $500 million in growth since 2008.
Trammell Crow and Washington Real Estate Investment Trust will develop a $95 million apartment building in Alexandria, Va., with construction to begin in late 2012. The project will be the first phase of a 1 million-square-foot mixed-use development consisting of residential, office and retail space.
Home Properties has acquired an apartment property in Herndon, Va., for approximately $93 million. The Courts at Dulles deal comes after the REIT's purchase of a property in Alexandria, Va., for $205 million.