Real Estate Newswire
Consumption Enters the Red Zone, Deloitte Research Leading Index Falls
NEW YORK, Feb. 14 PRNewswire — The Deloitte Research Leading Index of Consumer Spending plummeted to a new low in December, indicating the possibility of a dramatic drop in consumer spending in the months ahead. "Every single factor, other than the tax burden, has pulled the index lower...
Ventas Reports Ten Percent Rise in 2007 Normalized FFO Per Common Share to $2.69
LOUISVILLE, Ky., Feb. 13 PRNewswire-FirstCall — Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") said today that full year 2007 normalized Funds from Operations ("FFO") per diluted common share rose ten percent to $2.69, compared to $2.44 last year. Normalized FFO increased 30...
Fidelity National Information Services' Spin off to be Named Lender Processing Services, Inc.
JACKSONVILLE, Fla., Feb. 13 PRNewswire-FirstCall — Fidelity National Information Services, Inc. (NYSE: FIS) today announced that its Lender Processing division, which the company plans to spin off in mid-2008, will be named Lender Processing Services, Inc. (LPS). Jeff Carbiener...
Standard Pacific Corp. Verifies Receipt of $235 Million Tax Refund
IRVINE, Calif., Feb. 13 PRNewswire-FirstCall — Standard Pacific Corp. (NYSE: SPF) today confirmed the receipt of $235 million in the form of a tax refund resulting from its net operating loss carryback for federal income taxes. The Company indicated in its earnings announcement last...
EastGroup Properties Announces Fourth Quarter and Year 2007 Results
JACKSON, Miss., Feb. 13 PRNewswire-FirstCall — Fourth Quarter 2007 Results * Funds from Operations of $20.6 Million or $.86 Per Share, an Increase of 19.4% * Net Income Available to Common Stockholders of $8.6 Million or $.36 Per Share * Same Property Net Operating Income Growth of...
New Property for Sale Near Ithaca
ITHACA, N.Y., Feb. 13 PRNewswire — Sunny View Acres is the most recent property available from New York Land & Lakes. Located six miles south of Ithaca and in the heart of the Finger Lakes region, this property was recently purchased from a local farmer, and contains a limited...
Brookdale Announces Fourth Quarter and Full Year 2007 Release and Earnings Call
CHICAGO, Feb. 13 PRNewswire-FirstCall — Brookdale Senior Living Inc. (NYSE: BKD) announced today that it plans to release its fourth quarter and full year 2007 financial results after the market closes on Wednesday, February 27, 2008. The Company has scheduled a conference call to...
Consolidated Tomoka Reports 2007 Earnings
DAYTONA BEACH, Fla., Feb. 13 PRNewswire-FirstCall — Consolidated-Tomoka Land Co. (Amex: CTO) today reported net income of $13,532,838 or $2.37 basic earnings per share for the year ended December 31, 2007, and earnings before depreciation, amortization, and deferred taxes (EBDDT) of...
Over 200 San Francisco Area Foreclosed Homes Auctioned
Valued from $145,000 to Nearly $600,000, Homes Will Be Auctioned by Hudson & Marshall February 16th and 17th SAN FRANCISCO, Feb. 13 PRNewswire-USNewswire —- America's housing market may be fledging but with interest rates hitting historic lows and home prices falling, now is a...
Freddie Mac Announces Reduced Size of Reference REMIC(R) Security Issue
MCLEAN, Va., Feb. 13 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) today announced that it will reduce the size of its next Reference REMIC (R) security, R015, due to current market conditions. The company expects to offer $400 million of Reference REMIC Series R015, a Guaranteed...
American Financial Realty Trust Shareholders Approve Merger Agreement
JENKINTOWN, Pa., Feb. 13 PRNewswire-FirstCall — American Financial Realty Trust (NYSE: AFR) today announced that at its special meeting of shareholders held this morning, approximately 72.9 percent of shares have been voted for, 0.4 percent have been voted against and 0.2 percent...
Care Investment Trust Inc. Declares Quarterly Dividend of $0.17
NEW YORK, Feb. 13 PRNewswire-FirstCall — Care Investment Trust Inc. (NYSE: CRE) today announced that its Board of Directors has declared a dividend of $0.17 per share of common stock for the fourth quarter 2007. The dividend is payable on March 11, 2008 to common shareholders of...
Real Capital Analytics Reports Global Property Sales Top $1 Trillion in 2007
NEW YORK, Feb. 13 PRNewswire — Real Capital Analytics (RCA), an independent research firm focusing on the capital markets for commercial real estate, today announced that worldwide acquisitions of commercial property surpassed the $1 trillion mark in 2007. The landmark figure is...
Dickenson Gilroy Law Firm Opens Midtown Atlanta Office Location to Serve Area Real Estate Community
ALPHARETTA, Ga., Feb. 13 PRNewswire — Dickenson Gilroy Attorneys at Law have opened a new office in Midtown Atlanta to serve the area's residential and commercial real estate community. Located near the intersection of Monroe Drive and Piedmont Road at 1531 Piedmont Road, Suite C, the...
AMB Property Corporation(R) Leases 111,000 SF in Amsterdam Development to KLM
SAN FRANCISCO, Feb. 13 PRNewswire-FirstCall — AMB Property Corporation(R) (NYSE: AMB), a leading global developer and owner of industrial real estate, today announced that it has fully leased a 111,000 square foot (10,300 square meter) development project proximate to Amsterdam...
Wells Fargo Home Mortgage Signs Multiyear Contract Extension for FIS' Mortgage Servicing Package
JACKSONVILLE, Fla., Feb. 13 PRNewswire-FirstCall — Fidelity National Information Services, Inc. (FIS) today announced that Wells Fargo Home Mortgage has signed a multiyear contract extension for FIS' Mortgage Servicing Package(TM) (MSP). Wells Fargo currently services more than 7.9...
Fannie Mae Redemption
WASHINGTON, Feb. 13 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest...
How to Open Your Gift from the Government if You're in Home Loan Trouble
MIAMI, Feb. 13 PRNewswire — In his new book How Come That Idiot's Rich and I'm Not? (Crown Publishers) Robert Shemin says one of the most important secrets to becoming wealthy is getting out of debt. And the only way to get out of debt is to take action. "The new freeze on...
Boston Magazine Selects The Green Company To Build Design Home 2008 at Five Lanterns at The Pinehills in Plymouth, MA
PLYMOUTH, Mass., Feb. 13 PRNewswire — The Green Company, an award- winning and nationally acclaimed homebuilder, is proud to announce that Boston magazine has chosen Five Lanterns, its new neighborhood of luxury homes at The Pinehills in Plymouth, Massachusetts, to be the site for...
Green Builders' Homes Built to NAHB Green Building Standards
AUSTIN, Tex., Feb. 13 PRNewswire — Green Builders, Inc., the leading large-scale community developer of green, sustainable homes in the Austin, Texas area, is pleased to announce each of its homes are built to the stringent Green Building standards set by the National Association of...
4Q07 Illinois Median Price Moves in a Modest Range
Buyer's Market Continues in Early 2008 SPRINGFIELD, Ill., Feb. 13 PRNewswire-USNewswire — Illinois median prices closed 2007 in a moderate range, while slower sales activity may be boosted in the months ahead by the federal economic stimulus package that includes important housing...
Georgia-Pacific Building Products Showcases Industry Leading Building Materials and Innovative Solutions at the 2008 International Builders' Show
ORLANDO, Fla., Feb. 13 PRNewswire — Georgia-Pacific Building Products continues to strive for innovation in construction, featuring a number of industry-firsts at the 2008 International Builders' Show. Among them are next generation exterior wall sheathing, an open web I-joist and new...
Grubb & Ellis Company Reports Fourth Quarter and 2007 Results
SANTA ANA, Calif., Feb. 13 PRNewswire-FirstCall — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today reported revenue of $103.2 million and $231.4 million for the fourth calendar quarter and calendar year ended December 31, 2007...
IMN to Host Symposium on Distressed Real Estate Investing in Miami
NEW YORK, Feb. 13 PRNewswire — Information Management Network ("IMN") is pleased to announce a timely industry Symposium on Distressed Real Estate Investing . For more information, visit http://www.ereleases.com. SOURCE Information Management Network
Webcast Alert: IRSA Announces Second Quarter 2008 Earnings Webcast
Buenos Aires, Argentina, Feb. 13 PRNewswire-FirstCall — IRSA (NYSE: IRS) announces the following Webcast: What: IRSA's 2nd Quarter 2008 Conference Call When: Wednesday, February 13, 2008 @ 9:00 AM Eastern Where: http://www.videonewswire.com/event.asp?id=45924 How: Live over the Internet...
Move(R) Attracts Leading Consumer Media and Advertising Executives
LOS ANGELES, Feb. 13 PRNewswire-FirstCall — Move, Inc. (Nasdaq: MOVE), the leader in online real estate, continues to attract world class talent with the appointment of Patty Mitchell, senior vice president of consumer media, and Steven Brown, vice president of advertising sales...
PSMI Recognizes Top Branches at Annual Conference
ROSWELL, N.M., Feb. 13 PRNewswire-FirstCall — PrimeSource Mortgage, Inc. (PSMI) recently held its annual conference at the beautiful Embassy Suites located on Lomas & I-25 in Albuquerque, NM. The conference was a complete success. There was significant training that took place...
Detroit, Stockton, Las Vegas Post Highest 2007 Metro Foreclosure Rates According to RealtyTrac(R) Year-End 2007 Metropolitan Foreclosure Market Report(TM)
IRVINE, Calif., Feb. 13 PRNewswire — RealtyTrac(R) , is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value. Founded in 1996...
The Real Estate Roundtable Praises Prompt Enactment of the Economic Stimulus Package
Today, Real Estate Roundtable President and CEO Jeffrey D. DeBoer issued the following statement regarding the President's signing of the economic stimulus bill WASHINGTON, Feb. 12 PRNewswire-USNewswire — The following is a statement by Real Estate Roundtable President and CEO Jeffrey...
NFCC Calls for Homeowner Hotline to Expand Counseling Opportunities for Needy Homeowners
SILVER SPRING, Md., Feb. 12 PRNewswire-USNewswire —The National Foundation for Credit Counseling (NFCC) is calling for the expansion of the availability and scope of mortgage counseling services being offered through the government-sanctioned and promoted HOPE Hotline. The NFCC...
Statement by Michael Calhoun, Center for Responsible Lending on the Latest Voluntary Effort to Prevent Foreclosures
WASHINGTON, Feb. 12 PRNewswire-USNewswire — The following statement was released today by the Center for Responsible Lending: For the third time in four months, the Treasury Department has announced a plan ("Project Lifeline") to encourage the lending industry to do more to prevent an...
Federal Realty Investment Trust Announces Fourth Quarter and Year-End 2007 Operating Results
ROCKVILLE, Md., Feb. 12 PRNewswire-FirstCall — Federal Realty Investment Trust (NYSE: FRT) today reported operating results for its fourth quarter and year-ended December 31, 2007. — Funds from operations available for common shareholders (FFO) per diluted share was $0.92 and...
Tanger Reports Year End Results for 2007
GREENSBORO, N.C., Feb. 12 PRNewswire-FirstCall — Tanger Factory Outlet Centers, Inc. (NYSE: SKT) today reported strong financial results for the quarter and year ended December 31, 2007. Funds from operations available to common shareholders ("FFO"), a widely accepted supplemental...
Robert V. Royall Joins Edens & Avant's Board of Directors
COLUMBIA, S.C., Feb. 12 PRNewswire — Robert V. Royall, previous U.S. Ambassador to Tanzania and former Chairman and Chief Executive Officer (CEO) of the National Bank of South Carolina, has joined the Board of Directors of Edens & Avant. Currently, Royall also serves as a Board...
Zaio Acquires Appraisal.com Assets
BUFFALO, NY, Feb. 12 PRNewswire-FirstCall - Zaio Corporation (TSX-V: ZAO) announced it has acquired the technology assets of Appraisal.com, one of the nation's largest firms serving lenders and appraisers. Appraisal.com technology is used by more than 100 lenders, 7,500 Day One appraisers and...
Grubb & Ellis Realty Investors Launches Wealth Management Program for High Net Worth Investors
SANTA ANA, Calif., Feb. 12 PRNewswire — Grubb & Ellis Realty Investors, LLC today announced it has launched the Grubb & Ellis Wealth Management program to provide comprehensive real estate investment advisory services to high net worth investors. Grubb & Ellis Realty...
New Las Vegas Asian Shopping Center Is Believed to Be Largest in the Southwestern United States
LAS VEGAS, Feb. 12 PRNewswire — Today, DFG Development Corporation and McMahon Development Group announced that in Spring of 2008 they will begin construction of a 180,000 square feet Asian shopping center in Las Vegas called Asia Town Center. The center is located at the...
Rebuilding Together Teams With NBA for 'NBA Cares All-Star Day of Service'
Rebuilding Together New Orleans Excited to Host First-Time Partnership around NBA All-Star Weekend NEW ORLEANS, Feb. 12 PRNewswire-USNewswire — Rebuilding Together New Orleans, a leader in the city's post-hurricane renewal, will be hosting almost 400 NBA volunteers during the NBA...
Rodobens Launches TERRA NOVA in the Interior of Southern Brazil
SAO JOSE DO RIO PRETO, Brazil, Feb. 12 PRNewswire-FirstCall — Rodobens Negocios Imobiliarios S.A. (Bovespa: RDNI3) announces the launching of the 1st phase of the gated community of single-family homes TERRA NOVA SANTA CRUZ DO SUL, in the city of Santa Cruz do Sul, interior of Rio...
Philanthropist and Media Pioneer Ted Turner and The Jacoby Group, Led by Founder, Chairman and CEO, Jim Jacoby, to Receive 2008 Lindbergh Awards
MINNEAPOLIS, Feb. 12 PRNewswire — Ted Turner, chairman of the Turner Foundation and founder of CNN, the world's first live, in-depth, around-the-clock news television network, will be the recipient of the 2008 Lindbergh Award in recognition of his dedication to the environment. The...
CEO Survey on Sustainability Reveals Focus on Corporate Real Estate
CHICAGO, Feb. 12 PRNewswire-FirstCall — A new global survey of 1,254 senior business executives, including more than 300 CEOs, shows that energy efficiency plays a central role in corporate sustainability efforts — a finding that has implications for how companies manage their...
BLACK ENTERPRISE Kicks Off Third Annual Women of Power Summit Hosted by State Farm(R)
NEW YORK, Feb. 12 PRNewswire — BLACK ENTERPRISE will kick off its third annual Women of Power Summit hosted by State Farm(R) on February 13, 2008, at the La Quinta Resort & Club near Palm Springs, California. The sold-out, four-day leadership event will examine the distinctive...
Funding Complete for Phase One of the Farish Street Entertainment District; Focus Turns to Phase II -- BB King's Blues Club and Stimley Performing Arts Park
JACKSON, Miss., Feb. 12 PRNewswire — The permanent loan for Phase One of the Farish Street Entertainment District development has closed. This sets the stage for the district to welcome its first customer in Fall, 2008. When complete, Farish Street will be a 70,000 square foot...
Bank of America And Washington Mutual Directors to Face Election Challenge
Announcement Completes CtW's "Subprime Director" Focus List for 2008 Proxy Season WASHINGTON, Feb. 12 PRNewswire — Citing risk management failures that cost shareholders $71 billion in 2007, the CtW Investment Group has called on three directors of Bank of America (NYSE:BAC) and three...
Bank of America Supports Project Lifeline
WASHINGTON, Feb. 12 PRNewswire — Appearing today with U.S. Treasury Secretary Hank Paulson and U.S. Housing and Urban Development Secretary Alphonso Jackson, Bank of America Consumer Real Estate and Insurance Services Group President Floyd Robinson spoke in support of a new initiative...
Charter Bank Reports Record Assets, Strong 2007 Earnings
ALBUQUERQUE, N.M., Feb. 12 PRNewswire — Charter Bank announced that its assets reached a record $1.40 billion as of Dec. 31, 2007, as the bank earned nearly $17 million in net income. While income was down 11.8 percent from record earnings of $19.28 million in 2006, Charter Companies...
Auction of Nearly 300 Foreclosed Indiana Homes Brings Great Buying Opportunity
America's Largest Foreclosed Real Estate Auction Firm, Hudson & Marshall Will Auction Homes February 18-24 INDIANAPOLIS, Feb. 12 PRNewswire-USNewswire — Combine plummeting home prices, with mushrooming inventory and low interest rates and you have all the ingredients for a...
Jack Wishna Launches THTVEGAS.COM - Provides Services to Buyers and Sellers at Trump International Las Vegas
LAS VEGAS, Feb. 12 PRNewswire — Legendary dealmaker Jack Wishna announced today that THTVEGAS.COM has been launched as an independent consulting and marketing group consisting of real estate, sales, marketing and mortgage professionals dedicated exclusively to working with Buyers and...
LifeAt's Online Communities Revolutionize Neighborhood Interaction
NEW YORK, Feb. 12 PRNewswire — Move over Facebook and MySpace. LifeAt.com is pioneering a new way for people to talk and interact online. In a time when people spend the majority of their day online, LifeAt technology enables people to connect with their home, their neighborhood, and...
Fannie Mae Redemption
WASHINGTON, Feb. 12 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest...
SCI Announces Recent Acquisitions in Texas, Arizona and South Carolina
LOS ANGELES, Feb. 12 PRNewswire — SCI Real Estate Investments, a national real estate principal and one of the nation's largest tenant-in-common (TIC) sponsors, announced today that it has acquired three new properties totaling 1,012,772 square feet. SCI specializes in the acquisition...
San Bernardino Educational Institutions Retain the Staubach Company
SAN BERNARDINO, Calif., Feb. 12 PRNewswire — The Staubach Company, a leading global real estate advisory firm has been retained by the Mayor's Education Roundtable of San Bernardino to complete an Education Park Feasibility Study, Proposal and Schedule for the City of San Bernardino...
Commercial Real Estate Agents & Investors To Benefit From Upcoming SEC TIC Exemption
SALT LAKE CITY, Utah, Feb. 12 PRNewswire — A new SEC, Securities and Exchange Commission exemption, which may be released as early as March of this year, 2008, will allow commercial real estate professionals to receive a fee for opining on the real estate aspects of the securitized...
Cannery Casino Resorts Selects Lodging Management System (LMS) by Agilysys for Three Properties
BOCA RATON, Fla., Feb. 12 PRNewswire-FirstCall — Agilysys, Inc. (Nasdaq: AGYS), a leading provider of innovative information technology and hospitality software solutions, announced today that Cannery Casino Resorts in Las Vegas has selected the Lodging Management System(R) (LMS...
VisitMyLuxuryHome.com Extends Real Estate Marketing Service with Professional DVD Production Package
PHOENIX, Feb. 12 PRNewswire — Arizona-based VisitMyLuxuryHome.com today unveiled a new DVD Production Service for real estate professionals. The HomeDVD service allows realtors to supply prospective buyers with DVDs containing room-by-room tours of high-end homes in high definition...
Home Values Continued Decline in Fourth Quarter, Leaving Approximately One in Three New Homeowners With Negative Equity
SEATTLE, Feb. 12 PRNewswire — Home values continued to decline in the fourth quarter of 2007, falling 3.5 percent from the third quarter and 3 percent year-over-year to a U.S. Zindex(R) home value indicator(1) of $224,890, according to Zillow's Q4 2007 Home Value Report(2). The...
Taubman Centers Announces Strong 2007 Results
BLOOMFIELD HILLS, Mich., Feb. 12 PRNewswire-FirstCall — Taubman Centers, Inc. (NYSE: TCO) today issued its financial results for the year and quarter ended December 31, 2007. Net Income allocable to common shareholders per diluted common share (EPS) for the year ended December 31...
Macerich Announces 7% Increase in Funds from Operations Per Share
SANTA MONICA, Calif., Feb. 12 PRNewswire-FirstCall — The Macerich Company (NYSE: MAC) today announced results of operations for the year and quarter ended December 31, 2007 which included total funds from operations ("FFO") diluted for the year ended December 31, 2007 of $407.9...
GMH Communities Trust Announces Sale of the Company
NEWTOWN SQUARE, Pa., Feb. 12 PRNewswire-FirstCall — GMH Communities Trust (NYSE: GCT), one of the leading providers of housing, lifestyle and community solutions for college students and members of the U.S. military and their families, today announced that it has entered into two...
American Capital Agency Corp. Files Registration Statement for Initial Public Offering
BETHESDA, Md., Feb. 11 PRNewswire-FirstCall — American Capital Agency Corp. announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. American Capital Agency Corp. intends to apply...
/C O R R E C T I O N -- IRSA Inversiones y Representaciones Sociedad Anonima/
In the news release, IRSA Inversiones y Representaciones Sociedad Anonima (NYSE: IRS) Announces First Half Fiscal Year 2008 Results, issued earlier today by IRSA Inversiones y Representaciones Sociedad Anonima over PR Newswire, we are advised by the company that the first highlight should read...
Standard & Poor's Announces Change to U.S. Index
NEW YORK, Feb. 11 PRNewswire — S&P U.S. REIT Composite constituent Home Properties Inc. (NYSE: HME) will replace Kellwood Co. (NYSE: KWD) in the S&P SmallCap 600 after the close of trading on Tuesday, February 12. KWD is being acquired by a private equity firm in a tender...
AZEK Building Products Acquires Composatron Railings
SCRANTON, Pa., Feb. 11 PRNewswire — AZEK Building Products, Inc. today announced the signing of a definitive agreement to acquire Composatron Manufacturing of Toronto, Canada. Composatron manufactures residential railing systems under the Premier and Trademark brands. "These...
Webcast Alert: IRSA Announces Second Quarter 2008 Earnings Webcast
Buenos Aires, Argentina, Feb. 11 PRNewswire-FirstCall — IRSA (NYSE: IRS) announces the following Webcast: What: IRSA's 2nd Quarter 2008 Conference Call When: Wednesday, February 13, 2008 @ 9:00 AM Eastern Where: http://www.videonewswire.com/event.asp?id=45924 How: Live over the Internet...
Pulte Homes Chairman Files Form 144
BLOOMFIELD HILLS, Mich., Feb. 11 PRNewswire-FirstCall — William J. Pulte, founder and Chairman of Pulte Homes, Inc., (NYSE: PHM), today filed a Form 144 with the Securities and Exchange Commission covering 3.8 million shares of company stock, or 9% of the shares controlled by Mr. Pulte...
Demand For Landscape Architecture Services Remains High
Many Firms Hiring in First Quarter 2008 WASHINGTON, Feb. 11 PRNewswire-USNewswire — The majority of landscape architects remain busy despite trouble in the housing market, according to a survey by the American Society of Landscape Architects (ASLA). More than six in ten firms reported...
Alesco Financial Inc. Sets Release Date for 2007 Fourth Quarter and Year End Financial Results
PHILADELPHIA, Feb. 11 PRNewswire-FirstCall — Alesco Financial Inc. (NYSE: AFN), a specialty finance real estate investment trust, announced today that the Company will be issuing its financial results for the quarter and year ended December 31, 2007 after market hours on March 10, 2008...
Alexandria Real Estate Equities, Inc. Reports Fourth Quarter and Year Ended December 31, 2007 Results
PASADENA, Calif., Feb. 11 PRNewswire — Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced operating and financial results for the fourth quarter and year ended December 31, 2007. For the fourth quarter of 2007, we reported total revenues of $109,616,000 and FFO...
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
WASHINGTON, Feb. 11 PRNewswire-FirstCall — The Board of Directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a quarterly dividend on the Corporation's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock...
Green Innovations Help Skid Row Residents, Too
LOS ANGELES, Feb. 11 PRNewswire — Actor, director and Enterprise Community Partners Board Trustee Edward Norton, Mayor Antonio Villaraigosa, dignitaries and formerly homeless residents gathered today at 9:30 a.m. at the St. George Hotel in downtown Los Angeles to celebrate the first...
Digital Realty Trust Facility in Charlotte to House Advanced, New Datacenter for Hosted Solutions
SAN FRANCISCO, Feb. 11 PRNewswire-FirstCall — Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of corporate and Internet gateway datacenters, today announced that Hosted Solutions 231-1350 SOURCE Digital Realty Trust, Inc.
Better-Connected Homes Increase Tornado Protection
IBHS says affordable options exist but aren't implemented in inland areas of U.S. TAMPA, Fla., Feb. 11 PRNewswire-USNewswire — The devastating tornadoes that recently stunned five states are a reminder of nature's power and unpredictability. But according to the Institute for Business...
Interest Rate and Currency Risk Advisory Firm Chatham Opens Singapore Office to Meet Asia Pacific Demand
KENNETT SQUARE, Pa., Feb. 11 PRNewswire — Chatham Financial, the world's largest independent interest rate and foreign exchange advisory company with over $433 billion in transactions annually, today announced the opening of its newest location in Singapore to better serve its...
China Housing & Land Development, Inc. to Present at the ROTH Capital Partners 20th Annual OC Growth Stock Conference on February 20, 2008 at 11:00 a.m. PST
LOS ANGELES and XI'AN, China, Feb. 11 Xinhua-PRNewswire-FirstCall — China Housing & Land Development, Inc. "China Housing" (OTC Bulletin Board: CHLN), a leading developer of residential and commercial properties in the Northwest China, today announced that the Company will present...
Stahl Cowen Closes Several Real Estate Deals as Year Ends
CHICAGO, Feb. 11 PRNewswire — Stahl Cowen Crowley Addis LLC, of Chicago, IL, is pleased to announce the firm closed 15 commercial real estate transactions in the month of December alone, some of which were attendant to a related transaction closed in September. Listed below is a...
Asia Viewed as Top Global Prospect for Hospitality Investment
LOS ANGELES, Feb. 11 PRNewswire — Emerging markets in Asia are unseating Europe as the epicenter of new hospitality investment and development while investors in the United States are switching their focus from the acquisition of existing hotels to developing new properties, according...
Florida Association of Realtors President Urges Congress to Develop a Comprehensive National Disaster Policy
PALM BEACH, Fla., Feb. 11 PRNewswire — Florida Association of Realtors'(R)(FAR) 2008 President Chuck Bonfiglio is speaking to members of the U.S. House of Representatives Financial Services Subcommittee on Oversight and Investigations today at a special field hearing at the Palm Beach...
Diversified Capital Leases 25,000 Square Feet At 8435 Stemmons In Dallas
DALLAS, Feb. 11 PRNewswire — Diversified Capital, a commercial real estate investment and management company headquartered in Lakewood, New Jersey, today announced that Telx, a leading provider of network rich colocation and interconnection services, has leased approximately 25,000...
Wall Street Reporter Spotlights China Holdings Inc. and Asia's Hunger for Alternative Energy
LAS VEGAS and BEIJING, Feb. 11 Xinhua-PRNewswire-FirstCall — China Holdings, Inc. (OTC Bulletin Board: CHHL; the "Company"), a global diversified assets holdings company, and its subsidiaries engage in multiple China-focused business activities including energy, renewable energy...
Rent-to-Own Industry Legislative Action Tools on RTO Online
WASHINGTON, Feb. 11 PRNewswire — RTO Online , the most widely distributed print publication in the rental purchase sector. SOURCE RTO Online
The Sapir Organization Announces Lease Renewal with New York City Law Department at 100 Church Street
NEW YORK, Feb. 11 PRNewswire — The Sapir Organization announced today that The New York City Law Department will renew its lease at 100 Church Street, continuing to occupy six floors. This lease renewal affirms the demand for commercial real estate in downtown Manhattan. "It is a...
Freddie Mac Announces Reference REMIC(R) Security Issue
MCLEAN, Va., Feb. 11 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) today announced its intention to issue its next Reference REMIC (R) security. The company expects to offer $700 million of Reference REMIC Series R015, a Guaranteed Maturity Class (GMC) with a final maturity date of...
Fannie Mae Redemption
WASHINGTON, Feb. 11 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest...
New Onvia Service Fills Information Gap With Early Visibility Into Commercial and Residential Development
SEATTLE, Feb. 11 PRNewswire-FirstCall — Onvia (Nasdaq: ONVI), a leading provider of comprehensive sales intelligence, today announced it has broadly expanded its solutions for the construction industry by delivering hard-to-find information on emerging commercial and residential...
Comerica Bank Announces Tax Assistance Loan Fund
DETROIT, Feb. 11 PRNewswire-FirstCall — Thomas Ogden, Comerica Bank Michigan Market President today announced the creation of the Comerica Tax Assistance Loan Fund, which will assist low and moderate income homeowners living in Detroit who are at risk of losing their homes to...
The Bank of New York Mellon Appointed Corporate Trustee for Tamweel Sukuk
DUBAI, United Arab Emirates, Feb. 11 PRNewswire-FirstCall — The Bank of New York Mellon has been appointed by Tamweel PJSC, the largest real estate finance provider in the United Arab Emirates (UAE), to provide multiple corporate trust services for a $300m exchangeable sukuk issue to...
Interstate Hotels & Resorts Forms Joint Venture with FFC Capital Corp., Acquires 22 Select-Service Hotels
ARLINGTON, Va., Feb. 11 PRNewswire-FirstCall — Interstate Hotels & Resorts (NYSE: IHR), a leading hotel real estate investor and the nation's largest independent operator of full- and select-service hotels, today announced that it had formed a joint venture with Pittsburgh-based FFC...
Nation's Leading Lenders will Increase Fees, Making Credit Much More Expensive for Potential Homebuyers and Homeowners Looking to Refinance
SCOTTSDALE, Ariz., Feb. 11 PRNewswire — As home prices and interest rates are finally starting to look attractive again, the nation's leading lenders announced increased delivery fees and new Loan Level Price Adjustments for anyone with a credit score below 680. These increased fees...
Makan Capital Group Names Barry Didato Director of Strategic Investment and Member of the Board
ABU DHABI, United Arab Emirates, Feb. 11 PRNewswire — Makan Capital Group, (MCG), a prominent real estate private equity group that unites accomplished financial professionals with innovative real estate practices, announces that international investment specialist Barry Didato is the...
Brandywine Senior Living Completes Acquisition of Four Assisted Living Communities in New Jersey
MT. LAUREL, N.J., Feb. 11 PRNewswire — Brandywine Senior Living, a premier owner and operator of senior living communities, today announced that it has completed the acquisition of a four-property portfolio from Meridian Health System. Located in Monmouth and Ocean Counties in New...
2007 Mortgage Litigation Dominated by Shareholder Actions
DALLAS, Feb. 11 PRNewswire — Mortgage lawsuits last year were dominated by investors accusing companies of financial fraud, according to a new report published by http://www.MortgageDaily.com. The report, based on cases covered by MortgageDaily.com, was prepared in conjunction with...
Unified Infrastructure Services Establishes Advanced Datacenter in Digital Realty Trust Turn-Key Datacenter(TM) Facility
SAN FRANCISCO, Feb. 11 PRNewswire-FirstCall — Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of corporate and Internet gateway datacenters, today announced that Unified Infrastructure Services 231-1350 SOURCE Digital Realty Trust, Inc.
PSMI Opening Office in Grand Prairie, TX
ROSWELL, N.M., Feb. 11 PRNewswire-FirstCall — PrimeSource Mortgage, Inc. (PSMI) continues to open branches Nationwide. PSMI proudly announces the opening of a PrimeSource Mortgage (PSM) office in Grand Prairie, Texas, at 2100 N Hwy 360, Ste 1205. Jon Traver, already well-established in...
Countrywide, ACORN Partner on Guidance for Home Retention Efforts
CALABASAS, Calif. and NEW ORLEANS, Feb. 11 PRNewswire-FirstCall — Countrywide Financial Corporation and the Association of Community Organizations for Reform Now (ACORN), have reached an agreement that will further enhance the process for helping borrowers who are delinquent on their...
Macerich Declares Its Fourth Quarter 2007 Dividend
SANTA MONICA, Calif., Feb. 9 PRNewswire-FirstCall — The Board of Directors of The Macerich Company (NYSE: MAC) declared a dividend of $0.80 per share of common stock to stockholders of record on February 22, 2008. In addition, Macerich declared a dividend of $0.80 per share on its...
Prices Offered Up to 50% Off During D.R. Horton's 'UnAuction' Sale - February 16 and 23 Only!
SIMI VALLEY, Calif., Feb. 8 PRNewswire — D.R. Horton has announced unheard of savings up to 50% off on a variety of homes at 23 participating neighborhoods throughout Southern California. Unlike any Sale homebuyers have ever seen, D.R. Horton's UnAuction presents dramatic sale prices...
Construction Begins on Alianza Dominicana's New Headquarters
IBEX Construction to Build "Triangle Building" in Washington Heights; Site also to House Offices for Columbia University NEW YORK, Feb. 8 PRNewswire-USNewswire — IBEX Construction (IBEX), a New York-based firm specializing in corporate, institutional and retail construction, broke...
Cohen & Steers Announces Change in Global Realty Majors Portfolio Index
NEW YORK, Feb. 8 PRNewswire-FirstCall — Cohen & Steers, Inc. (NYSE: CNS) announced a pending change to its Global Realty Majors Portfolio Index (GRM) today with an effective date of February 15, 2008. Component change: Deletion and Replacement Index Name: Cohen & Steers Global...
Cohen & Steers Announces Change in Realty Majors Portfolio Index
NEW YORK, Feb. 8 PRNewswire-FirstCall — Cohen & Steers, Inc. (NYSE: CNS) announced a pending change to its Realty Majors Portfolio Index (RMP) today with an effective date of February 15, 2008. Component change: Deletion and Replacement Index Name: Cohen & Steers Realty Majors...
Buyer Agent Organization Comments on Ummel Home Buying Case
AVONDALE, Ariz., Feb. 8 PRNewswire-USNewswire — The case of Marty and Vernon Ummel suing their real estate agent has increased media interest in the home buying process. The National Association of Exclusive Buyer Agents (NAEBA) suggests that this case be an important reminder to home...
Lexington Realty Trust Fourth Quarter Earnings Conference Call Announcement
NEW YORK, Feb. 8 PRNewswire-FirstCall — Lexington Realty Trust ("Lexington") (NYSE: LXP), a real estate investment trust (REIT), today announces that it will release its fourth quarter conference results the morning of Wednesday, February 27, 2008. Lexington will conduct a...
Oregon Home Builder Announces Second Home Auction
Auction also Includes Several Buildable Lots LAKE OSWEGO, Ore., Feb. 8 PRNewswire-USNewswire — Buena Vista Custom Homes announced today that it will conduct a second auction of the company's inventory of completed homes. 52 homes from nine of Buena Vista's neighborhoods and 18 buildable...
PA Open Records Bill Flawed for Consumers
HARRISBURG, Pa., Feb. 8 PRNewswire-USNewswire — Consumers who want to buy or sell a home will not be able to get reliable information on real estate properties under a provision in Senate Bill 1. There is a flaw in the proposed legislation that will have serious consequences for real...
Monmouth Real Estate Investment Corporation Reports Three-Month Earnings
FREEHOLD, N.J., Feb. 8 PRNewswire-FirstCall — Monmouth Real Estate Investment Corporation (Nasdaq: MNRTA) reported net loss applicable to common shareholders of ($853,000) or ($0.04) per common share for the three months ended December 31, 2007, as compared to net income applicable to...
Sizzler Owners Prep Chain for Sale
CULVER CITY, Calif., Feb. 8 PRNewswire — Sizzler, the 50-year-old American family steakhouse chain, may return to American ownership, the result of its Australian owners' decision to sell the venerable brand. Sydney-based Pacific Equity Partners, which acquired Sizzler from Worldwide...
Florida Association of Realtors(R) Offers Seniors a Chance to Win Up to $10,000 in College Scholarship Awards
ORLANDO, Fla., Feb. 8 PRNewswire — Attention Florida high school seniors: Time is running out for you to win up to $10,000 to help pay for college tuition next year. Better start writing - there's only a month left until the March 7, 2008, deadline to enter the Florida Association of...
NAR Hails Passage of Economic Stimulus Package to Help Jumpstart Housing Market
WASHINGTON, Feb. 8 PRNewswire-USNewswire — The National Association of Realtors congratulated the U.S. Congress for quickly passing a national economic stimulus package and thanked President George W. Bush for his leadership and willingness to promptly enact legislation that will help...
Vivacon AG Acquires Curanis Group with EUR 4bn Assets Under Management - Creation of One of Germany's Biggest Integrated Real Estate Service Providers
COLOGNE, Germany, February 8 PRNewswire — Vivacon AG has acquired 80% of the shares in Curanis holding GmbH with effect from 01 January 2008. Curanis holding GmbH, which is based in Munster/Lower Saxony, manages approximately 53,000 residential and commercial units nationwide with...
Federal Home Loan Bank of San Francisco to Host Foreclosure Prevention Workshop With Special Guest Rep. Barbara Lee
OAKLAND, Calif., Feb. 8 PRNewswire-USNewswire — The following is being issued by the Federal Home Loan Bank of San Francisco: What: FHLBank San Francisco will host a Homeowner's Foreclosure Prevention Workshop in Oakland, California with special guest Congresswoman Barbara Lee...
Enterprise Makes New Markets Tax Credits Investment to Create up to 700 Affordable Homes in Columbus, Ohio
COLUMBUS, Ohio, Feb. 8 PRNewswire — Enterprise Community Investment, Inc., (Enterprise) announced today a strategic investment of $9.5 million using New Markets Tax Credits (NMTC) to assist Columbus Housing Partnership in financing the construction or rehabilitation of up to 700...
Fannie Mae Redemption
WASHINGTON, Feb. 8 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest...
The Blackhawk Fund Increases Revenue 207%
CARDIFF, Calif., Feb. 8 PRNewswire-FirstCall — The Blackhawk Fund (OTC Bulletin Board: BHWF), announces an increase in revenue of 207% for fiscal year 2007, compared to the same period 2006. The increase in revenue has resulted from the implementation of The Company's media business...
Lawler Wood Housing Signs Contract for Sale of Interest in 20 Properties to The Eagle Point Companies
KNOXVILLE, Tenn., Feb. 8 PRNewswire — Knoxville-based Lawler Wood Housing, LLC, announced today its entry into a contract with The Eagle Point Companies, LLC — a Portland, Maine, developer and manager of affordable housing in the Eastern U.S. — for the sale of Lawler Wood...
Arbor Realty Trust Reports Fourth Quarter and Full Year 2007 Results
UNIONDALE, N.Y., Feb. 8 PRNewswire-FirstCall — Arbor Realty Trust, Inc. (NYSE: ABR), a real estate investment trust focused on the business of investing in real estate related bridge and mezzanine loans, preferred and direct equity investments, mortgage-related securities and other real...
Duff & Phelps Sets Date for Issuing Fourth Quarter and Full Year Ended 2007 Financial Results: Announces Conference Call Webcast Details
NEW YORK, Feb. 8 PRNewswire-FirstCall — Duff & Phelps Corporation (NYSE: DUF), a leading independent financial advisory and investment banking firm, today announced that it will be issuing its financial results for the year ended December 31, 2007 before market hours on Tuesday...
'In-Default' Homeowners Take Their Lenders to Court
MARGATE, Fla., Feb. 8 PRNewswire — Just one month ago, Outreach Housing LLC . For more information, visit http://www.ereleases.com. SOURCE Outreach Housing LLC
Apartment Investment and Management Company Announces Fourth Quarter 2007 Results
DENVER, Feb. 8 PRNewswire-FirstCall — SUMMARY FINANCIAL RESULTS: Apartment Investment and Management Company (Aimco) (NYSE: AIV) today announced results for the fourth quarter 2007. In accordance with Generally Accepted Accounting Principles (GAAP), all reported per share data has been...
NHP Announces Fourth Quarter Earnings Release Date and Conference Call/Webcast
NEWPORT BEACH, Calif., Feb. 7 PRNewswire-FirstCall — Nationwide Health Properties, Inc. (NYSE: NHP) announced today that the Company will release its fourth quarter earnings on Monday, February 25, 2008 after the close of trading on the New York Stock Exchange. The Company will host...
Audio: Stimulus Plan Puts Taxpayers at Risk
WASHINGTON, Feb. 7 PRNewswire — Congress has passed an economic stimulus plan that would increase the government's role in the mortgage market by temporarily raising the mortgage loan limits for the Federal Housing Administration and government-sponsored enterprises Freddie Mac and...
Fifth Mexican Housing Day
MEXICO CITY, Feb. 7 PRNewswire — At the invitation of JP Morgan, representatives from Mexico's real estate industry, both public and private, will participate in the Fifth Mexican Housing Day to convey to investors their confidence that Mexico's mortgage and housing markets are not at...
The PMI Group, Inc. to Hold Fourth Quarter 2007 Financial Results Conference Call on Tuesday, February 26, 2008
WALNUT CREEK, Calif., Feb. 7 PRNewswire-FirstCall — The PMI Group, Inc. (NYSE: PMI) announced today that it will issue its financial results for the fourth quarter of 2007 before the financial market opens on February 26, 2008. Following the release of the financial results, a...
Grubb & Ellis Healthcare REIT Acquires Medical Portfolio 1
SANTA ANA, Calif., Feb. 7 /PRNewswire-FirstCall/— Grubb & Ellis Healthcare REIT, Inc. has acquired Medical Portfolio 1. The acquisition closed on Feb. 1, 2008. Medical Portfolio 1 consists of five medical office buildings, Doctor's Medical Building, Largo Medical Arts, West Bay Surgery...
GMH Communities Trust to Release 2007 Fourth Quarter and Year-End Results on February 28, 2008
NEWTOWN SQUARE, Pa., Feb. 7 PRNewswire-FirstCall — GMH Communities Trust (NYSE: GCT), announced today plans to release 2007 fourth quarter and year-end financial results after the close of market on Thursday, February 28, 2008. Management will conduct a conference call and live audio...
Mid-America Reports Fourth Quarter Results
MEMPHIS, Tenn., Feb. 7 PRNewswire-FirstCall — Mid-America Apartment Communities, Inc. (NYSE: MAA), or Mid-America, reported net income available for common shareholders for the quarter ended December 31, 2007, of $3,799,000, or $0.15 per common share, as compared to net income available...
Business is Booming for the Outlets at Bloomfield
JACKSON, Miss., Feb. 7 PRNewswire — Spectrum Capital, a privately-held real estate development company, announces its project team is now in place for The Outlets at Bloomfield, a new upscale outlet center development located in Pearl, Mississippi, adjacent to Bass Pro Shops along...
Glimcher Schedules Fourth Quarter 2007 Conference Call
COLUMBUS, Ohio, Jan. 9 PRNewswire-FirstCall — Glimcher Realty Trust (NYSE: GRT) announced today that the financial and operating results for the 2007 fourth quarter and fiscal-year end will be released after the close of trading on the New York Stock Exchange on Wednesday, February...
Fannie and Freddie Reform Will Significantly Impact Housing Market, Says NAR
WASHINGTON, Feb. 7 PRNewswire-USNewswire — The National Association of Realtors(R) today expressed ongoing support for legislative reform to Fannie Mae and Freddie Mac that would help stabilize the housing market and improve liquidity to the secondary nonconforming market. NAR stressed...
Silver-McCann Apartment Group II, L.P. Increases Holdings in Metropolitan Atlanta, Acquires Carrington Green Apartments in McDonough, Georgia
RICHMOND, Va., BOCA RATON, Fla. and MCDONOUGH, Ga., Feb. 7 PRNewswire — Silver-McCann Apartment Group II, L.P. ("Silver-McCann") announced the acquisition of Carrington Green Apartments in Atlanta (McDonough), Georgia. The 264-unit, garden-style community located in the McDonough...
Parkway Properties Announces Quarterly Dividend
JACKSON, Miss., Feb. 7 PRNewswire-FirstCall — Parkway Properties, Inc. (NYSE: PKY) announced today that its Board of Directors declared a quarterly dividend of sixty-five cents ($.65) per share payable on March 26, 2008, to shareholders of record of Common Stock on March 12, 2008. This...
Georgetown Law Center Study Finds 'Zero Percent' Likelihood of MBA-Claimed Interest Rate Spike Under Mortgage Foreclosure Crisis Bills Before Congress
Mortgage Bankers Association Analysis Seen As Flawed; Independent Researchers Find "No or Little" Interest Rate Impact From Pending House, Senate Bills to Keep 500,000 Americans in Their Homes. WASHINGTON, Feb. 7 PRNewswire-USNewswire — Contrary to assertions made by the Mortgage...
First of Its Kind Disaster Resistant Home in the Northwest Completed in Seattle
BELLEVUE, Wash., Feb. 7 PRNewswire — If you live in the Northwest, you know it's just a matter of time until the earth shakes again. The recently completed NextGen "First to the Future" Home located in Seattle, Washington, is the first home built in the Northwest to receive the...
Keyes Company and Sheldon Good & Company, Two Top U.S. Real Estate Companies, Form Strategic Alliance to Offer New Option for Florida Sellers Amid Fluctuating U.S. and Florida Real Estate Markets
MIAMI and CHICAGO, Feb. 7 PRNewswire — Reacting to declines in the Florida and national real estate markets, The Keyes Company, one of the nation's "Top 100 real estate companies," today announced a strategic alliance with Sheldon Good & Company , click appropriate link. Steven L...
Faraway Valentine's Day Getaways Closer Than You Think
LOS ANGELES, Feb. 7 PRNewswire-FirstCall — Love is in the air — and so are affordable homes! So if you can't fly to Paris, France this Valentine's Day, take your sweetheart to Paris, Texas or one of the other towns sharing names with the world's most romantic cities. At Find a...
Mortgage Market Meltdown Raises Apartment Demand, but Financial Crisis Crimps Sales and Capital Availability According to National Multi Housing Council Survey
WASHINGTON, Feb. 7 PRNewswire-USNewswire — The ongoing financial market turmoil and its spillover into the broader economy are having a mixed effect on the apartment sector, according to the National Multi Housing Council's (NMHC) latest Quarterly Survey. Although sales volume is...
Jeff Hanson Named President of Grubb & Ellis Realty Investors
SANTA ANA, Calif., Feb. 7 PRNewswire-FirstCall — Jeff Hanson has been named President of Grubb & Ellis Realty Investors, LLC, the investment programs subsidiary of Grubb & Ellis Company (NYSE: GBE), one of the world's leading commercial real estate services and investment...
ProLogis Releases New Research Report on Internet Retailing in the UK
DENVER, Feb. 7 PRNewswire-FirstCall — ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, today released a new research report entitled, "Internet Retailing — Opportunities and Challenges for the UK's Distribution Property Markets...
AlivePromo Opens Chicago Office to Expand Digital Signage Services
MINNEAPOLIS-ST. PAUL, Minn., Feb. 7 PRNewswire — AlivePromo, Inc., providers of digital signage solutions, announced today that it has opened a Chicago office to address growing demand within the property management and building development industry, including touch screen digital...
Grubb & Ellis Company Names Jack Van Berkel Executive Vice President and Chief Operating Officer
SANTA ANA, Calif., Feb. 7 PRNewswire-FirstCall — Grubb & Ellis Company (NYSE: GBE), a leading provider of real estate services and investment management firm, today announced that Jack Van Berkel has been promoted to Executive Vice President and Chief Operating Officer, effective...
Existing-Home Sales to Hold in Narrow Range, Then Begin Upward Trend
WASHINGTON, Feb. 7 PRNewswire-USNewswire — A continuation of soft market conditions is forecast for existing-home sales in the months ahead, with improvement expected by the second half of this year if loan limits are increased, according to the latest forecast by the National...
Fannie Mae Redemption
WASHINGTON, Feb. 7 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest...
GMAC Insurance Strives for Diversified Growth in 2008
SOUTHFIELD, Mich., Feb. 7 PRNewswire — GMAC Insurance today unveiled a new, comprehensive strategy to grow its base of diversified dealers in 2008. A comprehensive suite of products and services, as well as a new marketing strategy and sales force will play lead roles in the company's...
Associated Estates Realty Corporation Reports Fourth Quarter Results
CLEVELAND, Feb. 7 PRNewswire-FirstCall — Associated Estates Realty Corporation (NYSE: AEC) today reported net income available to common shareholders of $1.1 million or $0.07 per common share (basic and diluted), for the fourth quarter ended December 31, 2007, compared with net income...
The Regus Group Completes Lease Deal to Occupy More than 17,500 Square Feet of Prime Office Space in Lexington, Kentucky
DALLAS, Feb. 7 PRNewswire-FirstCall — The Regus Group (LSE: RGU), the world's largest provider of fully furnished and equipped offices with 950 locations in 70 countries, today announced that it has signed a lease agreement to open a new center in Lexington, Kentucky. The center will be...
Homeowners True Believers: 77% Believe Their Homes Held or Increased Value in 2007; Despite Housing & Credit Market Turmoil, Many Homeowners to Renovate, Refinance and/or Sell
SEATTLE, Feb. 7 PRNewswire — Despite repeated highly publicized reports of a home sales slump and pricing slides, there's a surprising amount of positive consumer sentiment — and perhaps a good measure of homeowner denial as well: Even in a negative home pricing environment, 77...
Rocio Romero Announces LV National Open House Tour
PERRYVILLE, Mo., Feb. 7 PRNewswire — Rocio Romero, the first designer to bring modern design to kit homes since the 1950s, is pleased to announce the first National LV Open House Tour to be held in four cities across the U.S. in 2008, kicking off in Hudson Valley, New York on...
Alliance Data's Canadian Loyalty Business Signs Multi-Year Renewal With Real Estate Industry Leader CENTURY 21 Canada
DALLAS, Feb. 7 PRNewswire-FirstCall — Alliance Data Systems Corporation (NYSE: ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced that CENTURY 21 Canada has signed a multi-year renewal agreement as a national sponsor in...
ProLogis Reports Year-Over-Year Growth in FFO per Share of 24.6 Percent for 2007
DENVER, Feb. 7 PRNewswire-FirstCall — ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, today reported funds from operations as defined by ProLogis (FFO) for the year ended December 31, 2007 of $4.61 per diluted share, up 24.6 percent...
M.D.C. Holdings Announces Fourth Quarter and Full Year 2007 Results
DENVER, Feb. 7 PRNewswire-FirstCall — M.D.C. Holdings, Inc. (NYSE: MDC) today announced a net loss for the quarter ended December 31, 2007 of $281.1 million, or $6.14 per diluted share, which included pre-tax charges of $175.2 million for asset impairments and $7.8 million for...
Imperial Capital Bancorp, Inc. Reports Earnings for the Quarter and Year Ended December 31, 2007
LA JOLLA, Calif., Feb. 6 PRNewswire-FirstCall — Imperial Capital Bancorp, Inc. (NYSE: IMP) today reported net income for the quarter ended December 31, 2007, primarily resulting from the operations of its wholly-owned subsidiary, Imperial Capital Bank (the Bank), of $1.1 million or...
Grubb & Ellis Company Announces 2007 Fourth Quarter and Full Year Earnings Conference Call February 13
SANTA ANA, Calif., Feb. 6 PRNewswire-FirstCall — Grubb & Ellis Company (NYSE: GBE), a leading provider of integrated real estate services, today announced that it will host a live webcast of its 2007 fourth quarter and full year conference call on Wednesday, Feb. 13, at 10 a.m...
Las Vegas City Council Gives Final Approval to World Jewelry Center
LAS VEGAS, Feb. 6 PRNewswire — The Las Vegas City Council has unanimously approved the World Jewelry Center's (WJC) Site Development Plan and Special Use Permit, thus giving the developer, Probity International Corporation, all the entitlements necessary to proceed with the project. The...
Mission West Properties Announces Fourth Quarter and Full Year 2007 Operating Results and 25.0% Increase in Common Dividend
CUPERTINO, Calif., Feb. 6 PRNewswire-FirstCall — Mission West Properties, Inc. (Amex: MSW) reported today that Funds From Operations ("FFO") for the quarter ended December 31, 2007 was approximately $13,992,000 or $0.13 per diluted common share (considering the potential effect of all...
Results Advertising Tapped by Mack-Cali for New Corporate Campaign
HASBROUCK HEIGHTS, N.J., Feb. 6 PRNewswire — Results, Inc. Advertising in Hasbrouck Heights, NJ has been chosen by Mack-Cali Realty Corporation (NYSE: CLI), one of the nation's largest real estate investment trusts (REITs), for new advertising, branding and other marketing efforts...
First Advantage Corporation to Hold Fourth Quarter and Full Year 2007 Earnings Conference Call
ST. PETERSBURG, Fla., Feb. 6 PRNewswire-FirstCall — First Advantage Corporation (Nasdaq: FADV), a global risk mitigation and business solutions provider, today announced that it will host a conference call on Wednesday, February 20, 2008, at 5:00 p.m. EST. The call, conducted by Anand...
Grubb & Ellis Company Unveils Grubb & Ellis Realty Investors
SANTA ANA, Calif., Feb. 6 PRNewswire-FirstCall — Grubb & Ellis Company (NYSE: GBE), one of the world's leading commercial real estate services and investment management firms, has renamed Triple Net Properties, LLC, its subsidiary, Grubb & Ellis Realty Investors, LLC. Triple Net...
Federal Home Loan Bank of Atlanta Announces New Advisory Council Members
ATLANTA, Feb. 6 PRNewswire — Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it has appointed three new members to its Affordable Housing Advisory Council. Council members will serve three-year terms that began Jan. 1, 2008. The new members are: Dr. Thomas G...
Mortgage Fraud: Freddie Mac Releases Spanish Language Version of Foreclosure Scam Video on YouTube(TM)
MCLEAN, Va., Feb. 6 PRNewswire — Freddie Mac (NYSE: FRE) has re-edited the custom made video it posted to YouTube(TM) for Spanish-speaking homeowners in an effort to warn more delinquent borrowers about a widespread form of foreclosure fraud. The new Spanish language version of...
New Mexico Mortgage Applications Up 80% at Charter Mortgage as Rates Reach 4-Year Low
ALBUQUERQUE, N.M., Feb. 6 PRNewswire — Charter Mortgage, the state's leading mortgage lender, reports that the number of New Mexico mortgage applications it received in January was up 81 percent from December. Charter took applications for 708 mortgages from across the state in January...
State and Local Fiscal Crisis Demands Innovation and Persistence From Vendors
RESTON, Va., Feb. 6 PRNewswire — Despite consistent growth in population and personal income nationwide, virtually every state and locality will suffer budgetary pain resulting from the credit crunch and declining consumption brought about by inter-related downturns in the subprime...
PSMI Opening Office in Montana
ROSWELL, N.M., Feb. 6 PRNewswire — PrimeSource Mortgage, Inc. (PSMI) continues to open branches Nationwide. PSMI proudly announces the opening of a PrimeSource Mortgage (PSM) Branch in Missoula, Montana, at 929 SW Higgins, Ste 201. Sandy Trindade, already well-established in the...
WealthCounsel(R) Announces the Appointment of Randy Gardner, J.D. as Director of Education
MADISON, Wis., Feb. 6 PRNewswire — WealthCounsel, LLC announced today the appointment of Randy Gardner, J.D., LL.M., MBA, CPA, as director of education. Gardner will lead the company's continuing legal education curriculum and practice building programs designed to assist estate...
Key Signs Lease In Renovated Higbee Building
CLEVELAND, Feb. 6 PRNewswire-FirstCall — KeyCorp (NYSE: KEY) and Forest City Enterprises, Inc. (NYSE: FCE.A and FCE.B) jointly announced today that Key has signed a 15-year lease agreement for approximately 221,000 square feet of office space in the renovated Higbee Building at 100...
Zaio Releases New Technology
CALGARY, Feb. 6 PRNewswire-FirstCall - Zaio Corporation (TSX-V: ZAO) and its Scottsdale, AZ based subsidiary, Zaio Inc., announced the release of Version 2.0 of its exclusive patent-pending database and technology. The company also reported that the appraisal revenues sent to affiliated...
Environmental Data Resources Chosen as Residential Contamination Information Provider for Certified Neighborhood Specialist Program
MILFORD, Conn., Feb. 6 PRNewswire — Environmental Data Resources, Inc. (EDR), the leading provider of U.S. environmental risk information, today announced its relationship with the RealtyU(R) Group to provide content regarding environmental issues and their importance as part of the...
Multiplan Expands to Brazil's Northeast with the Construction of a New Mall in Maceio in Partnership with Aliansce
RIO DE JANEIRO, Brazil, Feb. 6 PRNewswire-FirstCall — MULTIPLAN EMPREENDIMENTOS IMOBILIARIOS S.A ("MULTIPLAN") (Bovespa: MULT3), the largest shopping mall company in Brazil in terms of revenue, aligned with its strategy of maximizing its shareholders' return, informs that it has...
Fannie Mae Redemption
WASHINGTON, Feb. 6 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest...
Sun Communities Promotes Key Management
SOUTHFIELD, Mich., Feb. 6 PRNewswire-FirstCall — Sun Communities, Inc. (NYSE: SUI), a real estate investment trust (REIT) that owns and operates manufactured housing communities, today made the following announcement regarding the internal promotion of key management personnel. The...
With $7 Billion in Hospitality Assets Under Management, Pyramid Hotel Group Sees Opportunities in Turbulent Economy
BOSTON, Feb. 6 PRNewswire — Officials of Boston-based Pyramid Hotel Group, a full-service, independent hotel company, today announced that it manages a portfolio of $7 billion in assets acquired in the past six years and plans to take advantage of market conditions during the current...
HEI's Development Projects Collectively Surpass Half-Billion Dollar Mark
NORWALK, Conn., Feb. 6 PRNewswire — HEI Hotels & Resorts, a rapidly growing hotel ownership and operating company, today announced that with its recent acquisition of a one-acre land parcel in Bellevue, Wash., the company's development projects now collectively exceed $500 million...
Senior Move Managers Announce Online Resource to Simplify Search for Senior Housing
CLARENDON HILLS, Ill., Feb. 6 PRNewswire-USNewswire — The National Association of Senior Move Managers today announced the launch of the NASMM Senior Housing Locator, an online navigational tool developed by SNAPforSeniors to help users find appropriate senior housing more quickly and...
Interstate Hotels & Resorts and JV Partner, Harte Holdings of Ireland, Complete Acquisition of Four-hotel Portfolio from Blackstone for $208 Million
ARLINGTON, Va., Feb. 6 PRNewswire-FirstCall — Interstate Hotels & Resorts (NYSE: IHR), a leading hotel real estate investor and the nation's largest independent operator of full and select-service hotels, today announced that its joint venture with Harte Holdings of Cork, Ireland...
Fifth Mexican Housing Day to be Held in New York and London
MEXICO CITY, Feb. 6 PRNewswire — Mexican Housing Day will be held for the fifth consecutive year in New York and London, providing Mexican government officials and private entrepreneurs an opportunity to present the challenges and prospects of the Mexican housing sector to the...
IAC Reports Q4 Results
NEW YORK, Feb. 6 PRNewswire-FirstCall — IAC (Nasdaq: IACI) released fourth quarter 2007 results today. SUMMARY RESULTS $ in millions (except per share amounts) Q4 2007 Q4 2006 Growth FY 2007 FY 2006 Growth Revenue $1,860.1 $1,720.1 8% $6,373.4 $5,908.9 8% Operating Income Before...
CORRECTED VERSION: LoopNet Responds to CoStar Complaint
SAN FRANCISCO, Feb. 6 PRNewswire-FirstCall — LoopNet, Inc. (Nasdaq: LOOP) released the following statement today: "LoopNet believes the complaint filed today in the United States District Court, Southern District of New York, by CoStar Group, Inc. (Nasdaq: CSGP) is completely without...
LoopNet Responds to CoStar Complaint
SAN FRANCISCO, Feb. 5 PRNewswire-FirstCall — LoopNet, Inc. (Nasdaq: LOOP) released the following statement today: "The complaint filed today in the U.S. District Court, Southern District of New York, by CoStar Group, Inc. (Nasdaq: CSGP) is completely without merit. LoopNet will defend...
Helping the World's Oceans Begins at Home With Solar Energy
BOULDER, Colo., Feb. 5 PRNewswire — Bella Energy, a Boulder based solar energy company that installs and maintains solar energy systems in Colorado and the Rocky Mountain Region, has installed a 22.8 kilowatt solar system on Oceanic Preservation Society's Boulder film production studio...
First Industrial Realty Trust to Host Fourth Quarter and Full Year 2007 Results Conference Call
CHICAGO, Feb. 5 PRNewswire-FirstCall — First Industrial Realty Trust, Inc. (NYSE: FR), a leading provider of industrial real estate supply chain solutions, will host its fourth quarter and full year 2007 results conference call on Thursday, February 21, 2008. President and CEO Mike...
BRE Properties Reports Fourth Quarter and Year 2007 Results
SAN FRANCISCO, Feb. 5 PRNewswire-FirstCall — BRE Properties Inc. (NYSE: BRE) today reported operating results for the quarter and year ended December 31, 2007. All per share results are reported on a fully diluted basis. Fourth Quarter 2007 Funds from operations (FFO), the generally...
BRE Properties Announces Fourth Quarter and Full-Year 2007 Conference Call Webcast.
SAN FRANCISCO, Feb. 5 PRNewswire-FirstCall — BRE PROPERTIES, INC. (NYSE: BRE) announces the following Webcast: What: BRE Properties Fourth Quarter and Full-Year 2007 Earnings Conference Call When: Wednesday, February 6, 2009 at 6:30 a.m. PT/9:30 a.m. ET Where: Live Webcast at...
BMHC Obtains Waiver From Lenders
SAN FRANCISCO, Feb. 5 PRNewswire-FirstCall — Building Materials Holding Corporation (NYSE: BLG), a leading provider of construction services and building materials to professional residential builders and contractors, today announced that it has obtained a temporary waiver of certain...
Meruelo Maddux Sets Record Date for Annual Stockholders' Meeting
LOS ANGELES, Feb. 5 PRNewswire-FirstCall — Meruelo Maddux Properties, Inc. (Nasdaq: MMPI) has established April 2, 2008 as the record date for determining stockholders entitled to vote at the 2008 Annual Meeting of Stockholders, which will be held on May 21, 2008. The meeting will be...
First Advantage Corporation To Present at Deutsche Bank 2008 Small and Mid Cap Growth Conference
ST. PETERSBURG, Fla., Feb. 5 PRNewswire-FirstCall — First Advantage Corporation (Nasdaq: FADV), a global risk mitigation and business solutions provider, today announced that John Lamson, executive vice president and chief financial officer, will deliver a presentation at the Deutsche...
Bankrate Announces Two Acquisitions: InsureMe, Inc. and Lower Fees, Inc.
NEW YORK, Feb. 5 PRNewswire-FirstCall — Bankrate, Inc. (Nasdaq: RATE) announced today it has acquired the assets of two companies in separate transactions, InsureMe, Inc. ("InsureMe") based in Englewood, CO, and Lower Fees, Inc. ("Fee Disclosure"), which operates feedisclosure.com...
'Rooted in Strength, Supported by Community'
LOS ANGELES, Feb. 5 PRNewswire — Doris W. Koo, president and CEO of Enterprise Community Partners, addressed the annual meeting of the Washington Women's Foundation today at Benaroya Hall in Seattle. In Building Communities: Lessons from the Gulf Coast, Ms. Koo — who arrived on...
New Vanguard Villas Include Pinehurst Country Club Membership
VILLAGE OF PINEHURST, N.C., Feb. 5 PRNewswire — The Villas at Forest Hills, a luxurious ENERGY STAR(R) town home community located minutes from the heart of the Village of Pinehurst, is now offering complimentary Pinehurst Country Club Memberships to every new homeowner who purchases in...
Primary Capital Welcomes Connie Lussier, Georgia Account Executive
ATLANTA, Feb. 5 PRNewswire — Primary Capital Mortgage is pleased to announce the addition of its newest sales team member, Connie Lussier. Connie will assume a position with Primary Capital as an Account Executive, bringing more than 19 years experience in the mortgage business to the...
Fannie Mae Prices New Issue 2-Year Benchmark Notes(R) and New Issue 5-Year Benchmark Notes(R)
WASHINGTON, Feb. 5 PRNewswire-FirstCall — The following is being issued by Fannie Mae (NYSE: FNM): 2-Year 5-Year Pricing Date February 5, 2008 February 5, 2008 Settlement Date February 7, 2008 February 7, 2008 Maturity Date April 9, 2010 April 9, 2013 Issue Size $3 billion $3 billion...
Deals Abound for Buyers at Auction of Over 200 San Francisco Area Foreclosed Homes
Valued from $145,000 to Nearly $600,000, Homes Will Be Auctioned by Hudson & Marshall February 16th and 17th SAN FRANCISCO, Calif., Feb. 5 PRNewswire-USNewswire — America's housing market may be fledging but with interest rates hitting historic lows and home prices falling, now is a...
New Markets Tax Credits Keep Adams Morgan Apartment Building Affordable and Creates New Child Care Center
COLUMBIA, Md., Feb. 5 PRNewswire — Enterprise Community Investment, Inc. (Enterprise), Jubilee Housing, Jubilee JumpStart and PNC Bank, a member of the PNC Financial Services Group, today announced the groundbreaking for Ontario Court Apartments, a $9 million project in Washington...
Most Home Corp. Closes on Purchasing the Operating Assets of Netupdate
VANCOUVER, British Columbia, Feb. 5 PRNewswire-FirstCall — Most Home Corp. (the "Company") (OTC Bulletin Board: MHME) today announced that further to its press release dated January 14, 2008, it has closed on the purchase of the operating assets of Netupdate, Inc. The business will...
Fannie Mae Redemption
WASHINGTON, Feb. 5 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest...
Associated Estates Realty Corporation Announces Details Regarding Fourth Quarter Conference Call
CLEVELAND, Jan. 7 PRNewswire-FirstCall — Associated Estates Realty Corporation (NYSE: AEC) announced today that the Company's fourth quarter 2007 earnings are scheduled for release on Thursday, February 7, 2008, before the market opens. Promptly following the news wire release, the...
Noble Investment Group Adds Depth to Operations Team With Plans of Expanding Resort Portfolio
ATLANTA, Feb. 5 PRNewswire — Privately held Noble Investment Group ("Noble"), a leading sponsor of private equity real estate funds and an integrated lodging and hospitality operating and development organization, today announced that it has added additional leadership depth to its...
'Just like the Bank' a Ground-Breaking National Seminar Announced by WealthClasses Inc.
SAN RAMON, Calif., Feb. 5 PRNewswire — WealthClasses Inc, one of America's leading providers of education in wealth creation, financial literacy, and personal development, announced a ground breaking seminar called "Just like the Bank." "Just like the Bank" seminar will educate...
Affinity Media Announces Hotels at Home's New Distribution Center in Dubai, United Arab Emirates
NEW YORK, Feb. 5 PRNewswire-FirstCall — Affinity Media International Corp. (OTC: AFMI.OB), a special purpose acquisition company that previously announced a definitive agreement to acquire Hotels At Home, Inc., today announced that Hotels At Home has opened a distribution center in...
Parkway Properties Announces Chief Financial Officer Appointment
JACKSON, Miss., Feb. 5 PRNewswire-FirstCall — Parkway Properties, Inc. (NYSE: PKY) announced today the appointment of J. Mitchell Collins as Executive Vice President, Chief Financial Officer and Secretary of the Company effective March 1, 2008. Mr. Collins previously served as...
CME Group Inc. Reports Strong Fourth-Quarter and Full-Year Revenues and Net Income
CHICAGO, Feb. 5 PRNewswire-FirstCall — CME Group Inc. (NYSE, Nasdaq: CME) today reported total revenues increased 88 percent to $530 million and net income increased 96 percent to $201 million for fourth-quarter 2007 compared with fourth-quarter 2006. Diluted earnings per share rose 29...
SIRVA Reaches Restructuring Agreement with its Lenders
CHICAGO, Feb. 5 PRNewswire-FirstCall — SIRVA, Inc. (Pink Sheets : SIRV.PK), a global relocation services provider, today announced that it reached an agreement with its lenders to restructure its senior secured debt through a voluntary, pre-packaged Chapter 11 reorganization, which will...
Leading Bankruptcy Firm Says Bush's Stimulus Package May Not Solve Colorado's Sub-prime Lending Fallout
DENVER, Feb. 4 PRNewswire — One of Denver's leading bankruptcy law firms, The Aschenberg Law Group, P.C., says the predicted relief from President Bush's economic stimulus package may not be enough to provide long-term help for Coloradoans caught in the sub-prime lending crisis...
Liberty Property Trust Announces Fourth Quarter and Full Year Results
MALVERN, Pa., Feb. 4 PRNewswire-FirstCall — Liberty Property Trust (NYSE: LRY) reported that net income per common share (diluted) was $0.39 per share for the quarter ended December 31, 2007, compared to $0.67 per share (diluted) for the quarter ended December 31, 2006, and $1.80 per...
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