MILWAUKEE The city of Milwaukee has picked an engineering consultant to help plan for the replacement of the former Northridge Mall.

The citys Redevelopment Authority on Wednesday chose Milwaukee-based GRAEF to enter a contract for planning, urban design and market analysis services of the 53-acre mall site, according to an agenda.

The contract was worth $125,000 and most of the money comes from a Wisconsin Economic Development Corp. grant. The money is meant for advancing market interviews, engaging with the community and researching the existing conditions of the project area.

GRAEFs work with the city will piggyback off the Department of Public Works existing master engineering and related consultant services contracts with the company, the agenda showed.

The city expressed interest in redeveloping the mall since it took over the property near North 76th Street and West Brown Deer Road in January. Its not clear yet what redevelopment will look like, but city officials said they were taking suggestions online and wanted the area to be an asset to local residents and business.

In January, the city took ownership of three buildings that made up the former mall through tax foreclosure following a years-long battle with its owner. The mall has been closed since 2003 and over the past several years it has been targeted by vandals and trespassers. After gaining ownership, the city contracted Veit & Company to remove asbestos and completely tear down the buildings.

Veit & Company won the low bid for nearly $11 million, according to the Department of City Development. The city expects the asbestos abatement and interior cleanup to take four to six months.

The city expects mechanical demolition to start in the fall or winter of 2024 and wrap up in summer 2025 as an eight- to 10-month process. After demolition, around 53 acres of land will be open for development.

The mall first closed in 2003 and was bought by China-based U.S. Black Spruce Enterprise Group in 2008. The owner promised plans for an Asian market, but those plans never moved forward. The city enacted a raze order for the crumbling mall in 2019, but the owners disputed it.

In 2017, the city took ownership of an attached Boston Store through the owner of Penzeys Spices. The city hired HM Brandt to tear down the 7.6-acre property.

Gov. Tony Evers allocated $15 million in American Rescue Plan Act funding to demolish and redevelop the former Northridge Mall.

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Engineering firm to help plan for Milwaukees Northridge Mall redevelopment - Finance and Commerce

Ratings for Altair Engineering ALTR were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

In the assessment of 12-month price targets, analysts unveil insights for Altair Engineering, presenting an average target of $92.75, a high estimate of $100.00, and a low estimate of $88.00. This current average has increased by 0.82% from the previous average price target of $92.00.

The standing of Altair Engineering among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

For valuable insights into Altair Engineering's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Altair Engineering analyst ratings.

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majorityof its revenue comes from the software segment.

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Growth: Altair Engineering's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 4.14%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Altair Engineering's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 9.57%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.24%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): Altair Engineering's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.21%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: Altair Engineering's debt-to-equity ratio surpasses industry norms, standing at 0.44. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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4 Analysts Have This To Say About Altair Engineering - Benzinga

Over two years ago, at the Singapore Airshow, ST Engineering unveiled its Next Generation Light Strike Vehicle (NGLSV) powered by a hybrid system based on a 296 hp Cummins diesel engine coupled to a generator, used to charge batteries that provide power to a 100 kW electric motor. It also provided details of its Next Generation Protected Vehicle (NGPV), which is proposed with a conventional or with a hybrid powerpack.

In Paris ST Engineering showcased the NGPV model in the hybrid version and provided more information on the latter. The diesel engine remains the same Cummins 296 hp of the NGLSV but here the powerpack includes with two electric motors that operate as a single motor, their combined 450 kW output power going on a single gear. According to ST Engineering representatives, this solution was adopted as the two motors are smaller and it is easier to fit them into the vehicle.

The powerpack is fitted at the front; the forward element is the cooling system (painted grey in the model), which has two radiators as it must cool not only the diesel engine but also the two battery packs, which are located at the back, on the sides of the vehicle (painted green). The hybrid ensemble follows, painted blue, while in red we find the auxiliary drive system that drives the engine fan, the hydraulic rear ramp, and the air conditioning system. The NGPV has a 15 km silent drive range, or remain on silent watch for 24 hours, or provide up to 16 kW export power.

The NGPV is a 20 tonnes GVW 44 armoured vehicle with a 15 tonnes curb weight, hence a 5 tonnes payload. It can carry a two-man crew and 10 passengers in the rear compartment, to which they access via the rear ramp. It is 7.3 metres long, 2.6 metres wide and 2.7 metres high, it can travel at a maximum speed of 100 km/h, overcome a 60% gradient, move on a 30% side slope, climb a 400 mm high vertical step, and ford a water obstacle up to 900 mm deep. The NGPV with the hybrid configuration is currently undergoing testing, the Singapore MoD being very interested in hybrid propulsion.

Looking forward, ST Engineering is developing a wholly different hybrid solution, based on electric differentials, each axle including an electric motor, an inverter, and a 3-speed gearbox. While the current motors operate at 400 V, thee-differentials operate at 800 V, which ensures higher performances.

This solution is currently being applied to an 88 armoured vehicle, the diesel engine with generator installed to reload batteries providing 600 hp. Each axle will provide 230 kW, which means that the vehicle will have a lot of excess power and will be able to operate even if two e-axles will fail. The vehicle is wholly new, the driver and commander at the front driving and observing the surroundings through a camera-based system with extremely low latency.

ST Engineering plans starting tests with the new 88 hybrid armoured personnel carrier in Q1 2025.

Photos by P. Valpolini

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ST Engineering pushes forward on its hybrid-powered propulsion systems - EDR Magazine

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Systematic optimization of prime editing for the efficient functional correction of CFTR F508del in human airway epithelial cells - Nature.com

Chinese warships at Cambodias Ream naval base signal its new overseas military presence.

Beijings access to Ream is uncertain, but it would be their second overseas military base, with expectations that more will follow.

US defense and intelligence officials, along with analysts, are monitoring numerous countries as potential future hosts, Breaking Defense reports.

US concerns about Ream have grown since 2019, when Cambodia turned down US help with repairs. Reports later revealed a secret deal giving Chinas PLA exclusive base access, supported by satellite images showing rapid construction, including demolishing a US-funded building in late 2020.

Thomas Shugart, an adjunct senior fellow at the Center for a New American Security, noted that the PLA is actively utilizing the facility, despite ongoing construction. According to a Cambodian defense official on July 2, Chinese warships recently arrived at Ream, indicating they will maintain a rotational presence there as described by Shugart.

I imagine that presence will be become more robust, perhaps with permanently stationed forces, he noted, adding that such presence might increase when there are additional logistical facilities.

In Cambodia, China showcased its machine-gun-toting robodog drones during a 15-day military exercise in May.

Chinas four-legged, remote-controlled drone soldiers came equipped with back-mounted machine guns. While the drones were reportedly not live-fire tested, China did show off their mobility by watching Cambodian top brass and journalists.

According to Shugart, a retired US Navy captain, Chinas outpost at Ream appears to be a medium-sized naval base equipped for training, maintenance, personnel support, and supply functions. These capabilities are expected to support missions such as training exercises, patrols in nearby and distant seas, and in wartime, safeguarding Chinas southern sea routes.

The developments at Ream highlight Chinas growing presence abroad, with security forces operating satellite tracking stations and intelligence facilities globally, including in the Western Hemisphere, and maintaining a paramilitary outpost in Tajikistan.

Chinese investments in international port facilities, often dual-use for both commercial and potential military purposes, have raised concerns about Beijings expanding access and influence.

Since 2020, the US Defense Departments annual report on Chinas military has identified several countries where China is deemed to be exploring or developing military facilities. The latest report, released in October, together with Tajikistan mentions Burma, Thailand, Indonesia, Pakistan, Sri Lanka, the UAE, Kenya, Equatorial Guinea, Seychelles, Tanzania, Angola, Nigeria, Namibia, Mozambique, Bangladesh, Papua New Guinea, and the Solomon Islands.

A 2022 RAND Corporation report ranked 108 countries by their attractiveness to China for military purposes and the feasibility of securing basing or access, focusing on the 2030-2040 period. Four countriesPakistan, Bangladesh, Myanmar, and Cambodiaemerged in the top tier for both factors, all benefiting from Chinese-backed port and infrastructure projects, Breaking Defense adds.

In the RAND report, 24 countries ranked in the top half, with 10 in the US Central Command, and seven each in the US Africa Command and US Indo-Pacific Command areas. Middle Eastern countries scored higher due to proximity to key sea lanes, terrorism threats, energy exports, and potential for deeper ties with China.

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Bojan Stojkovski Bojan Stojkovski is a freelance journalist based in Skopje, North Macedonia, covering foreign policy and technology for more than a decade. His work has appeared in Foreign Policy, ZDNet, and Nature.

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China establishes military base abroad where it showed war robots months ago - Interesting Engineering