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KAME - small mound or hill composed of stratified glacial deposits.

KEENE'S CEMENT - unusually tough and durable gypsum plaster to which alum has been added. Used primarily for walls of commercial buildings.

KEEPER - term seldom used in the United States. A custodian of a building or grounds.

KELP-SHORE - shore between the high and low water marks.

KEOGH PLAN - retirement plan whereby a self-employed person may set aside a certain portion of income (tax deferred) into a retirement account. The money is taxable upon withdrawal at retirement when the person's tax bracket is often lower.

KERF - (1) notch or slit made by a saw. (2) The width of the cut of a saw blade.

KEY LOT - (1) strategically located lot, adding to its value. (2) A lot adjoining a corner lot at its rear property line with frontage on the secondary street. Also called a Butt Lot.

KEY TENANT - Also See: Prime Tenant.

KEYMAN INSURANCE - Insurance through loss (through death or disability) of a "key" (important) person in a company. The liability is the estimated cost of the loss (in business lost, and replacement of the individual). Some lenders require this insurance before lending to small companies which rely on one or a few "key" people.

KEYSTONE - piece, usually wedge shaped, at the top of an arch.

KICK PLATE - metal or plastic strip, placed at the lower edge of a door or on a riser of a step to protect it from damage by accidental kicking.

KICKBACK - term generally used to describe an illegal rebate. Also See: Rebate.

KICKER - Also See: Participation.

KILN - (1) oven which reaches high temperatures for baking ceramics or bricks. (2) A room or shed through which warm, dry air is circulated to dry lumber.

KILO - One thousand; a prefix (kilometer - 1000 meters; kilogram - 1000 grams).

KILOGRAM - 1000 grams (2.204 pounds).

KILOMETER - 1000 meters. See also: Meter (1).

KILOVOLT - 1000 volts.

KILOWATT - 1000 watts.

KILOWATT HOURS - 1000 watt-hours.

KIN - Those related by blood.

KIOSK - open pavilion such as a bandstand or newsstand. Used to describe the structures in the open areas of malls that sell specialty items.

KIP - 1000 pounds. Formed by combining the words kilo and pound.

KITE WINDER - steps at the curvature of a circular stairway, which are triangular, or kite-shaped.

KNOCK DOWN - Any parts of a building which can be easily assembled, installed, or removed, such as certain types of window frames, partitions, etc.

KNOLL - small rounded hill.

KNOT - (1) hard, irregular shaped defects in boards, caused by cutting at the point where the branch of the tree meets the trunk. (2) A measure of speed, equal to one nautical mile (approximately 6,076 ft.) per hour

Whatever your financing needs,
we will tailor a loan that's right for you.

 
 
 


Daily Oil & Gas and Wall Street Journal News
4/21/18

Kazakhstan to Slash Heavy Oil Exports as it Goes Upmarket
Posted on Thursday April 19, 2018

The Central Asian country's oil refineries could reduce fuel oil exports by around 35 percent this year.

Indonesia Compensates Pertamina with Oil Block Handover
Posted on Thursday April 19, 2018

Pertamina has signed deals to take over rights to eight expiring oil field blocks previously held by firms including Chevron, CNOOC and Inpex, Indonesian energy ministry officials said.

East Coast Booms on Export Demand for Diesel, Heating Oil
Posted on Thursday April 19, 2018

Latin American buying has helped drive strong export flows and bolster refinery margins.

Japan Carbon Capture Site Shows Promise for Industrial Use
Posted on Thursday April 19, 2018

A test site in Japan for burying CO2 below the seabed off Hokkaido island is showing more promise than other CCS projects, its developer says.

Explorers Crank Rig Count Higher as US Crude Supplies Dwindle
Posted on Thursday April 19, 2018

Oil explorers deployed more U.S. rigs this week as increasingly tight crude supplies pushed prices to their highest since 2014.

Petrobras Is Said to Receive Three Bids for Natural Gas Unit
Posted on Thursday April 19, 2018

etrobras has received three bids for a 2,800-mile (4,506 kilometer) natural gas pipeline system, said people knowledgeable on the matter.

Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
Posted on Thursday April 19, 2018

Oil rose for a second straight week.

Norway's Odfjell Drilling to Expand Fleet as Rig Market Recovers
Posted on Thursday April 19, 2018

Offshore rig firm Odfjell Drilling plans to expand its floating rig fleet to between six and 10 from four now, it said on Friday.

Oklahoma Regulators Order Disposal Well Shut, More Reductions After Quakes
Posted on Thursday April 19, 2018

Oklahoma regulators on Thursday ordered a wastewater disposal well shut and told two operators to reduce injection volumes, the second such directive in less than two weeks.

Oil Major Total's CEO Says Will Not Give Up on Venezuela
Posted on Thursday April 19, 2018

"Despite all the difficulties, Total remains in Venezuela," said CEO Patrick Pouyanne.

Wall Street Journal
Commercial News

4/21/18

WSJ.com: Commercial Real Estate

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

NYC Council Stops Midtown Tower Construction
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

Malls Never Wanted Gyms. Now They Court Them
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.

New Jersey Office Rents Near Records
Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities.

Brookfield Property Makes $14.8 Billion Offer to Acquire Rest of GGP
Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn?t already own, according to people familiar with the matter.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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