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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
1/19/18

Decision On Oil Pact Could Come In Late Spring, Early Summer-Russian Dep PM
Posted on Thursday January 18, 2018

A decision on global oil output cuts could be made in late spring or early summer.

Schlumberger Posts Bigger Fourth-Quarter Loss On Charges
Posted on Thursday January 18, 2018

Oilfield services provider Schlumberger posts a bigger quarterly loss than a year earlier.

Russia's Transneft: Oil Pipeline Fire Will Not Affect Export Schedule
Posted on Thursday January 18, 2018

A fire at the Samara-Tikhoretsk pipeline will not affect Russia's oil export schedule.

Mexico's Energy Opening Faces Test In Deepwater Oil Auction
Posted on Thursday January 18, 2018

An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto's government to capitalize on its opening of the energy sector.

VNG to Explore Strategic Options to Maximize E&P Business Value
Posted on Thursday January 18, 2018

VNG AG looking to explore 'strategic options' to maximize the value of its oil and gas exploration and production business in Norway and Denmark.

New Cepsa, Sonatrach Contract Expected to Generate 1,500 Jobs
Posted on Thursday January 18, 2018

New contract in Algeria is expected to lead to the generation of up to 1,500 new jobs.

CHC Reaffirms Commitment to North Sea Energy Sector
Posted on Thursday January 18, 2018

Helicopter services company CHC breaks ground on a $6 million redevelopment of its Aberdeen base.

Significant Commercial Gas Discovery Found Onshore Italy
Posted on Thursday January 18, 2018

A significant commercial gas discovery has been made at the Selva gas field in northern Italy, Po Valley Energy Limited (PVE) confirms.

Glut Fears Thwart Oil Rebound After Record Draw From Storage Hub
Posted on Wednesday January 17, 2018

A record draw from America's largest crude storage hub helped lift prices from the day's lows, but not enough to ease fears.

Crisis-Hit Venezuela's Oil Output Plummets In 2017 To Decades Low
Posted on Wednesday January 17, 2018

Venezuela's crude oil production fell nearly 13% last year, according to figures released by OPEC.

Wall Street Journal
Commercial News

1/19/18

WSJ.com: Commercial Real Estate

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.

'Little India' Thrives in Central New Jersey
Oak Tree Road, known as ?Little India,? has been transformed from a rundown and desolate area to a booming ethnic business district that attracts South Asian customers from Maine to Maryland.

NYC's Pearl River Mart Will Expand to Chelsea Market
Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan.

Office Spaces Focusing More on Communal Areas
Businesses are beginning to design offices spaces that are increasing the amount of square footage per employee when shared work settings are taken into account.

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