Real Estate Newswire
Sunrise to Present at Jefferies 2nd Annual Healthcare Conference
MCLEAN, Va., June 18 PRNewswire-FirstCall — Sunrise Senior Living, Inc. (NYSE: SRZ), today announced that Mark Ordan, administrative and chief investment officer, will present at the 2008 Jefferies 2nd Annual Healthcare Conference in New York on Tuesday, June 24, 2008 at 1:30 p.m...
Commercial Real Estate Easing in Economic Slowdown
WASHINGTON, June 18 PRNewswire-USNewswire — Commercial real estate vacancies are trending up modestly, while investment has dropped sharply in the wake of the credit crunch, according to preliminary information for the latest COMMERCIAL REAL ESTATE OUTLOOK* of the National Association...
Cedar Shopping Centers Announces Election of a New Independent Director
PORT WASHINGTON, N.Y., June 18 PRNewswire-FirstCall — Cedar Shopping Centers, Inc. (NYSE: CDR) today announced that at its annual meeting of stockholders held on June 17, 2008, Ms. Pamela N. Hootkin was elected as a member of the Board of Directors. Ms. Hootkin is Senior Vice...
EquityKey Offers New Option to Homeowners in Tri-State Area
SAN DIEGO, June 18 PRNewswire — The current credit crunch has many Americans facing difficult financial decisions, and older property owners in the New York metro area are no exception. Nationwide, homeowners age 65 and older are sitting on an estimated $4.3 trillion in home equity...
ACTS Retirement-Life Communities Signs Land Purchase Agreement on 48-Acre Site in Matthews, North Carolina
Plans to build a second state-of-the-art CCRC across from its Plantation Estates community in Mecklenburg County MATTHEWS, N.C., June 18 PRNewswire-USNewswire — ACTS Retirement-Life Communities has signed a purchase agreement on a 48-acre land parcel located near the intersection of...
Forest City to Webcast 2008 Annual Meeting of Shareholders
CLEVELAND, June 18 PRNewswire-FirstCall — Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that the Company will webcast its 2008 annual meeting of shareholders beginning at 2:00 p.m. Eastern time on Thursday, June 19, 2008. The annual meeting is being held at the...
/C O R R E C T I O N -- Living Cities/
In the news release, Living Cities Announces Grants to Support Innovative Local Models for Addressing National Foreclosure Crisis, issued 17-Jun-2008 by Living Cities over PR Newswire, we are advised by the organization that in the final paragraph, one Living Cities member - The John D. and...
Rancho Santa Monica Developments Inc. Graham Alexander President, CEO & Director Letter of Intent, Nick De Cotiis, President, CEO & Director of De Cotiis Group
VANCOUVER, British Columbia, June 18 PRNewswire-FirstCall — Rancho Santa Monica Developments Inc. (OTC Bulletin Board: RSDV) "the Company or RSDV" has signed a letter of intent to build, joint venture and develop the hotel site in Vancouver with DE COTIIS GROUP WINDSOR HOLDINGS LTD...
Regional Leaders to Address Housing Foreclosure, Release Study Detailing Region's Growing Crisis in 2008
WASHINGTON, June 18 PRNewswire — WHAT: At "The Foreclosure Crisis - A Regional Perspective," regional leaders will analyze the growing number of housing foreclosures in metropolitan Washington. They will examine data on foreclosures by the Center for Regional Analysis at George Mason...
Western Maryland's Best Kept Secret for Village-Style Living, Ridgeview Valley, Announces Its Grand Opening
MCHENRY, Md., June 18 PRNewswire — Announcing the Grand Opening of Ridgeview Valley, the wonderful new village-style community just off Rt. 219 in McHenry, Garrett County, Maryland. This environmentally friendly, planned community is currently offering home sites beginning at...
National Retail Properties, Inc. Upgraded by Moody's
ORLANDO, Fla., June 18 PRNewswire-FirstCall — National Retail Properties, Inc. (NYSE: NNN) announced today that Moody's Investors Service upgraded the Company's senior unsecured debt rating to Baa2 from Baa3 and its preferred stock rating to Baa3 from Ba1, with a stable outlook. Mr...
Solera National Bank Announces Strategic Partnership With Countrywide Home Loans
LAKEWOOD, Colo., June 18 PRNewswire-FirstCall — Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTC Bulletin Board: SLRK), is pleased to announce a joint marketing agreement and strategic partnership with Countrywide Home Loans whereby Countrywide...
PMI Promotes John Hanken to Assistant Vice President of Pricing
WALNUT CREEK, Calif., June 18 PRNewswire-FirstCall — PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc. (NYSE: PMI), today announced the promotion of John Hanken to Assistance Vice President of Pricing, where he is responsible for all U.S. structured transaction and...
The Ritz-Carlton Club Launches 'Give Back Getaways'
ORLANDO, Fla., June 18 PRNewswire — The industry's leading fractional ownership brand — The Ritz-Carlton Club — now provides Members with the opportunity to volunteer their time and contribute to the local community in which they vacation. "Give Back Getaways" is a new...
Grandbridge provides $350 million Fannie Mae credit facility for seniors housing complex
ATLANTA, June 18 PRNewswire-FirstCall — Grandbridge Real Estate Capital LLC today said it has closed on a Fannie Mae credit facility worth up to $350 million for one of the largest real estate investment trusts in North America. Grandbridge is a subsidiary of BB&T Corporation...
Freddie Mac Prices $500 Million Reference REMIC(R) R016
MCLEAN, Va., June 18 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) today announced it priced $500 million of Reference REMIC (R) R016, Class AM, CUSIP 31397TSN3, a Guaranteed Maturity Class (GMC) with an initial class coupon of 5.125% and a final maturity date of June 15, 2018. The...
Grubb & Ellis Company Names Adele Simmons Vice President, Internal Audit
SANTA ANA, Calif., June 18 PRNewswire-FirstCall — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Adele Simmons has joined the Company as Vice President of Internal Auditing. Based in Santa Ana, Simmons' will be responsible...
Fannie Mae Redemption
WASHINGTON, June 18 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 amount redeemed, plus accrued interest...
Behringer Harvard Announces Contemporary Lofts Development in Las Vegas
DALLAS, June 18 PRNewswire — Behringer Harvard announced today its investment in Alexan Russell Lofts, a 168-unit multifamily community slated for construction in Las Vegas on a 6.78-acre suburban site six miles southeast of the world-famous Las Vegas Strip and three miles east of...
Mortgage Rates Canada - Compare Mortgage Rates in Toronto, Calgary, Vancouver and Montreal at The Rate Supermarket
TORONTO, June 18 PRNewswire — With the average internet user in Canada spending almost 43 hours a month online, it seems only obvious that a few hours would be spent by anxious homeowners comparing mortgage rates in Canada, particularly considering the current housing market outlook...
Sheldon Good & Company to Auction One of Last High-Density, Approved Condominium Development Sites in Playacar, Mexico; 17.92-Acre (7.25 Hectares) Site to be Auctioned on July 15th
CHICAGO and PLAYA DEL CARMEN, Mexico, June 18 PRNewswire — In yet another exciting offering, Sheldon Good & Company Auctions, LLC (www.sheldongood.com), the nation's largest real estate auction company, today announced that it has been retained to auction a spectacular 17.92-acre...
The Regus Group Acquires 12,000 Square Foot Business Center East of Downtown Pittsburgh in Monroeville
PITTSBURGH, June 18 PRNewswire — 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 acquired a 12,000 square foot business center in the Penn Center East office/retail complex...
Sunrise Real Estate Group, Inc. Appoints New CFO
SHANGHAI, China, June 17 Xinhua-PRNewswire — Sunrise Real Estate Group, Inc. (OTC Bulletin Board: SRRE; website: http://www.sunrise.sh ) announced that its financial controller, Wang Wen Yan, has been appointed CFO of the company. Previously, Sunrise's financial controller, Mr. Wang...
Living Cities Announces Grants to Support Innovative Local Models for Addressing National Foreclosure Crisis
Foundation collaborative will make up to $10 million available to fund the most promising local approaches for returning foreclosed properties to productive use. WASHINGTON, June 17 PRNewswire-USNewswire — Foreclosures, like the subprime lending that precipitated them, have been heavily...
DuPont Fabros Technology, Inc. to Present at Wachovia Nantucket Equity Conference
WASHINGTON, June 17 PRNewswire-FirstCall — DuPont Fabros Technology, Inc. (NYSE: DFT) announced today that Hossein Fateh, President and Chief Executive Officer, will present remarks at the Wachovia Nantucket Equity Conference in Nantucket, Massachusetts on Monday, June 23 at 3:00 pm ET...
DuPont Fabros Technology, Inc. Names New Chief Financial Officer
WASHINGTON, June 17 PRNewswire-FirstCall — DuPont Fabros Technology, Inc. (NYSE: DFT), a real estate investment trust specializing in the ownership, development, operation and management of wholesale data centers, today announced the appointment of Mark L. Wetzel as Executive Vice...
Mortgage Relief Available for Victims of Flooding in the Midwest; Fannie Mae Announces Grant to American Red Cross
WASHINGTON, June 17 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) has mortgage relief provisions in place for borrowers facing hardships as a result of the floods that began June 6 and have caused widespread destruction and damage throughout several Midwestern states, including Iowa...
Resourcetradingonline.com Launches to Help Landowners Negotiate the Best Lease Possible Through the Only Competitive Bidding Environment
PITTSBURGH, June 17 PRNewswire — The country's only online resource for land and resource-owners who are seeking to establish natural gas and other mineral rights leases on their properties launches its comprehensive Web-based tool, www.resourcetradingonline.com, giving...
Boston Properties Declares Quarterly Dividend
BOSTON, June 17 PRNewswire-FirstCall — Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today that its Board of Directors declared a regular quarterly dividend of $0.68 per share of common stock for the period April 1, 2008 to June 30, 2008 payable on...
AMB Property Corporation(R) Leases 239,000 SF in New Jersey Development
SAN FRANCISCO, June 17 PRNewswire — AMB Property Corporation(R) (NYSE: AMB), a leading global developer and owner of industrial real estate, announced that it has signed an approximately 239,000 square foot lease with Quebecor World Logistics, a leading logistics and mail list...
LandAmerica Introduces New Customer-Focused Operating Structure in Colorado
RICHMOND, Va., June 17 PRNewswire-FirstCall — LandAmerica Financial Group, Inc. (NYSE: LFG) announces the implementation of an innovative new operating structure for its title insurance, escrow and closing services in Colorado. This revolutionary business model will increase the...
CEO, Entrepreneur, Real Estate Expert, and Author Grant Cardone Says Money Is Available for Positive Thinking Real Estate Investors
TAMPA, Fla., June 17 PRNewswire — While the pack of media pundits tells you the real estate market is a bad bet, Grant Cardone insists now is the time to buy. "Doom and gloom media real estate experts are flat out wrong," Cardone says. Even though the media is full of pessimists...
Adelante Shares(TM) LLC Announces Quarterly Rebalancing of the:
OAKLAND, Calif., June 17 PRNewswire — Adelante Shares(TM) LLC, a series of seven real estate securities related indexes, today announced it has been informed by Standard & Poor's, the calculating agent for the Adelante Shares(TM) Indexes, that Standard & Poor's has performed the...
Impac Mortgage Holdings, Inc. Announces Year End 2007 Results
IRVINE, Calif., May 20 PRNewswire-FirstCall — Impac Mortgage Holdings, Inc. (NYSE: IMH) ("IMH" or the "Company"), a real estate investment trust ("REIT"), reports a net loss of $(2.0) billion, or $(27.10) per diluted common share for 2007, as compared to a net loss of $(75.3) million...
Justice Department Files Fair Housing Lawsuit in Louisiana Against Reggie and Kim Collier
WASHINGTON, May 20 PRNewswire-USNewswire — The Justice Department today sued Reggie and Kim Collier, of Haughton, La., for violating the Fair Housing Act when they interfered with the sale of a home because of the perceived race of the buyers. The suit, filed in the U.S. District Court...
DuPont Fabros Technology, Inc. Announces Election of Directors
WASHINGTON, May 20 PRNewswire-FirstCall — DuPont Fabros Technology, Inc. (NYSE: DFT), a real estate investment trust (REIT) that builds, owns and operates wholesale data centers, today announced that stockholders elected seven directors to the Company's Board of Directors at its May 20...
Alaska to Require Licensure Exams for Its Mortgage Lending Professions
BLOOMINGTON, Minn., May 20 PRNewswire — Pearson VUE, the electronic certification and licensure testing business of Pearson, announced today that the State of Alaska Department of Commerce, Community, and Economic Development ("Department") has selected Pearson VUE to develop and...
CBH Homes Maintains Builder Top 100 National Ranking
BOISE, Idaho, May 20 PRNewswire — CBH Homes, the top-producing home builder in Idaho, was one of the few companies to hold its position on the Builder 100 list in 2007, according to rankings released early this month by Builder magazine, and more robust CBH home sales numbers so far...
Mid-America Announces Quarterly Common Dividend
MEMPHIS, Tenn., May 20 PRNewswire-FirstCall — Mid-America Apartment Communities, Inc. (NYSE: MAA) today announced that its board of directors had approved a quarterly common dividend of $0.615 per share payable on July 31, 2008 to shareholders of record on July 15, 2008. As...
First Industrial Realty Trust Declares Common and Preferred Stock Dividends
CHICAGO, May 20 PRNewswire-FirstCall — First Industrial Realty Trust, Inc. (NYSE: FR), a leading provider of industrial real estate supply chain solutions, today announced that its board of directors declared a dividend of $0.72 per share of common stock for the quarter ending June...
Rebuilding Together CapacityCorps Launches With $500,000 AmeriCorps Grant
44 AmeriCorps Members to Serve within the Rebuilding Together Affiliate Network WASHINGTON, May 20 PRNewswire-USNewswire — Rebuilding Together announced today a $500,000 grant from AmeriCorps that will be used to launch the Rebuilding Together CapacityCorps. The purpose of this new...
Grubb & Ellis Company Names Robert H. Osbrink Chairman of Transaction Services
SANTA ANA, Calif., May 20 PRNewswire-FirstCall - Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that Robert H. Osbrink, Executive Vice President and President of Transaction Services, has been named Chairman of Transaction...
Getting Personal With Unique Real Estate Agent Search Technology From PinpointAgent.com
CHICAGO, May 20 PRNewswire — Pinpoint Agent, Inc. today announced the national release of its flagship, patent-pending consumer search tool at http://www.PinpointAgent.com. This new, free website breaks a lot of personal taboos, allowing consumers to find an agent based on 11 unique...
Bentwater Opens Sales in the Final Golf Course and Waterfront Sections to be Developed
HOUSTON, May 20 PRNewswire — Bentwater(R) is now offering homesites in the final golf course and waterfront neighborhoods to be developed. In celebration of the pre-development grand opening, Bentwater(R) has announced a limited-time opportunity to reserve these homesites with...
McCall, Idaho Grows Up
MCCALL, Idaho, May 20 PRNewswire-FirstCall — McCall, Idaho is experiencing a coming of age. As people migrate to live and play at this year round resort on the shores of scenic Payette Lake, city planners and real estate developers are plotting the town's growth. One project now...
Realtors(R) See Senate Stimulus Bill as Step Toward Housing and Mortgage Market Stabilization
WASHINGTON, May 20 PRNewswire-USNewswire — The National Association of Realtors(R) expressed appreciation to Senate Banking Committee Chairman Christopher Dodd, D-Conn., and Ranking Member Richard Shelby, R-Ala., for their efforts to bring forth a bipartisan bill that can bring...
Opportunity Finance Network Praises Senate Banking Committee on Passage of Federal Housing Finance Regulatory Reform Act of 2008
Community Development Financial Institutions (CDFI) leader says Senate Banking "Opened the door to opportunity for millions of Americans" PHILADELPHIA, May 20 PRNewswire-USNewswire — Statement by Mark Pinsky, President & CEO of Opportunity Finance Network: "The Senate Banking...
LandAmerica to Combine Residential Services with Lender Services
RICHMOND, Va., May 20 PRNewswire-FirstCall — LandAmerica Financial Group, Inc. (NYSE: LFG) announces its Residential Services and Lender Services are joining forces to create a single powerful Residential Services customer channel effective June 30, 2008. This move will strategically...
Preferred Bank Clarifies Loan Portfolio Information
LOS ANGELES, May 20 PRNewswire-FirstCall — Preferred Bank (Nasdaq: PFBC). In response to inaccurately published information last week regarding Preferred Bank's real estate loan exposure in the Inland Empire area of Southern California, the following is a summary of real estate loans by...
The Wisdom Companies Launches Homesedo.com
HERMOSA BEACH, Calif., May 20 PRNewswire — Internet marketing firm The Wisdom Companies, today launched Homesedo.com enables investors, service providers and real estate shoppers to capitalize on the boom in foreclosure properties by accessing the earliest and most valuable...
Zaio Announces "Go Live 2008"
SCOTTSDALE, AZ, May 20 PRNewswire-FirstCall - Zaio Inc., the U.S. Subsidiary of Zaio Corporation (TSX-V: ZAO), announces Go Live 2008, a program developed to bring Zones to live status quickly and efficiently while delivering increased revenue and volume for local Zone Owners. "Our ongoing...
Fannie Mae Announces Initial Dividend for Preferred Stock Series T
WASHINGTON, May 20 PRNewswire-FirstCall — The Board of Directors of Fannie Mae (NYSE: FNM) today declared an initial dividend of $0.23490 per share on the company's preferred stock Series T. The dividend payment for preferred stock Series T will be paid on June 30, 2008, to...
Mervyns Announces New Store Openings and E-Commerce Initiative
HAYWARD, Calif., May 20 PRNewswire — Mervyns, the leading mid-tier department store chain in California and the Southwest, today announced its plans to open five new store locations, sell certain other store locations, and launch an e-commerce Web site. Mervyns said it plans to open...
IBHS Says Foreclosures Put a New Twist on Hurricane Season and Intensify the Need to Prepare
TAMPA, Fla., May 20 PRNewswire-USNewswire — Fallout from the ongoing mortgage crisis provides a new, potentially hazardous twist to the 2008 hurricane season; however, communities can take steps to protect themselves, says the Institute for Business & Home Safety (IBHS...
Matt Franklin to Bring Significant Leadership and Expertise to Mid-Peninsula Housing Coalition as President
FOSTER CITY, Calif., May 20 PRNewswire — Mid-Peninsula Housing Coalition (Mid-Pen) today announced that Matthew O. "Matt" Franklin will assume the role of President when Fran Wagstaff retires on July 1, 2008 after 25 years of leading the organization. The Mid-Pen Board of Directors...
New Online Mapping Tool Opens Doors to Data
PHILADELPHIA, May 20 PRNewswire — The Reinvestment Fund (TRF), a not-for-profit national leader in the financing of neighborhood revitalization, today launched PolicyMap is a national innovator in capitalizing distressed communities and stimulating economic growth for low- and...
94.7 QDR and Curtis Media Team Up With Davis Park for LIVE FREE FOR LIFE Condo Giveaway
DURHAM, N.C., May 20 PRNewswire — The local radio station 94.7 QDR has teamed up with Davis Park Realty for the LIVE FREE FOR LIFE Home Giveaway, which gives participating listeners the chance to win a two bedroom, 1,400 square foot condominium in the luxurious Davis Park...
On the Heels of Its 5-year Anniversary, Lone Oak Fund, California's Bridge Lender Introduces Aggressive New Loan Pricing, Lowering Rates to 8.9 - 9.9%
LOS ANGELES, May 20 PRNewswire — May 2008 marks the 5-year anniversary of Lone Oak Fund, LLC, a private mortgage fund making bridge loans on commercial property throughout California. Since its inception, Lone Oak has funded over $500,000,000 in loans and this week, announced that it...
Standard & Poor's Announces February Results of the S&P/GRA Commercial Real Estate Indices (SPCREX(TM))
NEW YORK, May 20 PRNewswire — Standard & Poor's today announced the February results for the S&P/GRA Commercial Real Estate Indices. The indices measure the change in commercial real estate prices by property sector and geographic region in the United States. The S&P/GRA...
J.D. Power and Associates Recognizes Liberty Mutual Direct Sales Call Centers for Customer Service Excellence
BOSTON, May 20 PRNewswire — Liberty Mutual, the nation's eighth-largest provider of auto and home insurance, has again been recognized for call center operation customer service excellence under the J.D. Power and Associates Certified Call Center Program(SM). Liberty Mutual is one of a...
Fannie Mae Redemption
WASHINGTON, May 20 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...
Place Properties Developing First Class Apartments for Soldiers Nationwide
ATLANTA, May 20 PRNewswire — Place Properties, a privately held real estate development firm headquartered in Atlanta, announced the opening of its first five off post housing communities for soldiers, contractors and local civilians. The communities are at Ft. Hood (Texas), Ft...
/C O R R E C T I O N from Source -- Revenue Properties Company Limited/
In TO209 transmitted at 7:20e today, the headline should have read "Revenue Properties Company Limited Announces Second Quarter Dividend" and not "...Announces First Quarter Dividend". Corrected copy follows: Revenue Properties Company Limited Announces Second Quarter Dividend MISSISSAUGA, ON, May...
British Land Outperforms in Tough Market - CEO Interview
LONDON, May 20 PRNewswire-FirstCall — In a video interview Stephen Hester, British Land CEO, answers questions on the group's full year results performance. He analyses the London office scene, the strategy behind the sale of retail assets and work done to restructure the balance sheet...
Lender's Success With PriceMyLoan is More Than Just Pricing
COSTA MESA, Calif. and DANBURY, Conn., May 20 PRNewswire — Prysma Lending Group, a wholesale mortgage lender based in Connecticut, announced today the results of their successful deployment of the PriceMyLoan (PML) automated underwriting and loan pricing engine. After two months of use...
Impac Mortgage Holdings, Inc. Announces Upcoming Release of 2007 Earnings, Conference Call, and Posting of its Unaudited Monthly Fact Sheets
IRVINE, Calif., May 19 PRNewswire-FirstCall — Impac Mortgage Holdings, Inc. (NYSE: IMH), or the "Company", a Maryland corporation being taxed as a real estate investment trust ("REIT"), announces the scheduling of a conference call and live web cast on Wednesday, May 21, 2008 at 8:00...
Home Buying Experts Warn - Builder Loan Fine Print Could Cost You Thousands
AVONDALE, Ariz., May 19 PRNewswire — The home loan packages offered by builders are often touted as being very convenient. But when it comes to evaluating the true benefits the picture is often quite different, according to the home buying specialists at the National Association of...
Ventas Declares Regular Quarterly Dividend of $0.5125 Per Share
CHICAGO, May 19 PRNewswire-FirstCall — Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") said today that its Board of Directors declared a regular quarterly dividend of $0.5125 per share, payable in cash on June 27, 2008 to stockholders of record on June 4, 2008. The dividend is the...
Reading International Announces 1st Quarter 2008 Results
LOS ANGELES, May 19 PRNewswire-FirstCall — Reading International, Inc. (Amex: RDI) announced today results for its quarter ended March 31, 2008. First Quarter 2008 Highlights Our year-to-year results of operations were principally impacted by the following: — the acquisition on...
/C O R R E C T I O N -- Freddie Mac/
In the news release, Freddie Mac (NYSE: FRE) to Issue New $4 Billion Two-Year Reference Notes(R) Security and a New $4 Billion Five-Year Reference Notes Security, issued earlier today by Freddie Mac over PR Newswire, we are advised by the company that the first paragraph, last sentence, should...
Alico to Close Plant World Operations
LABELLE, Fla., May 19 PRNewswire-FirstCall — Alico, Inc. (Nasdaq: ALCO), a land management company, announced today that the Company would be discontinuing its Plant World Operations due to disappointing financial returns. Alico acquired Plant World, which is located on prime LaBelle...
Brooks Brothers to Open Flagship Store at 1055 Wall Street in La Jolla
LA JOLLA, Calif., May 19 PRNewswire — Madison Marquette announced today that Brooks Brothers will occupy nearly 14,000 square-feet on the first floor of the 1055 Wall Street building in the Village of La Jolla. The new flagship location will be Brooks Brothers' first in the region...
/C O R R E C T I O N -- Chicago Tribune Media Group/
In the news release, Welcome 'Homes': Chicago Tribune's New Real Estate Section Moves In, issued earlier today by Chicago Tribune Media Group over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "Friday May 30" rather than "Friday" and the second...
OneBeacon Urges Property Owners to Protect Against Copper Theft
CANTON, Mass., May 19 PRNewswire-FirstCall — A single penny may be worth only 1 cent, but put enough of them together and their copper content can fetch between $3 and $4 a pound — which is enough to entice thieves to steal not only pennies, but copper in every possible form. "The...
MyHouseDeals.com Announces Free Webinar on May 28 with Multi-Family Real Estate Investing Expert
HOUSTON, May 19 PRNewswire — MyHouseDeals.com, one of the Internet's most popular sources for discount properties, recently announced an upcoming free webinar with multi-family real estate investing expert Dave Lindahl. The webinar, which will be held May 28, 2008, features Mr...
Simon Property Group Announces Domain II
AUSTIN, Texas, May 19 PRNewswire-FirstCall — Simon Property Group, Inc. (NYSE: SPG), the country's largest owner, developer and manager of high quality retail real estate, announced today a second phase of its Domain project, a tremendously successful mixed-use shopping center which...
Hudson & Marshall Holds Free Foreclosure Auction Buying Seminars in Los Angeles Area on May 28th and 29th
Seminars Will Cover Basics of Auction Process to Prepare Buyers for June Foreclosure Auction of nearly 800 Southern California Homes LOS ANGELES, May 19 PRNewswire-USNewswire — As foreclosures keep sprouting up across the country, more and more buyers want to purchase these discounted...
Becker Group Hires New Executive Vice President of Sales & Business Development
BALTIMORE, May 19 PRNewswire — Becker Group, a 50 year-old experiential marketing firm based in Baltimore, Maryland, today announced the appointment of Cheryl K. Dougherty as executive vice president of sales and business development. Dougherty joins Becker Group with 25 years...
Eaton Vance Former Chairman and CEO James B. Hawkes Joins Board of Alternative Investment Advisory Firm Central Park Group
NEW YORK, May 19 PRNewswire — Central Park Group, LLC, announced today that James B. Hawkes, the former Chairman and Chief Executive Officer of Eaton Vance Corp. (NYSE: EV), has joined the Firm's board. Central Park Group, an independent investment advisory firm, delivers private client...
Interest in Foreclosures Fueling RealtyBid.com Success
RAINBOW CITY, Ala., May 19 PRNewswire — New reports are released almost daily documenting the continuing rise in home foreclosures. Along with this increase in foreclosures has come an upturned interest in purchasing foreclosure homes. At RealtyBid.com, the nation's leader in online...
Saks Fifth Avenue OFF 5TH Signs with Prime Outlets - Grand Prairie
GRAND PRAIRIE, Texas, May 19 PRNewswire — Prime Retail, one of the largest developers of outlet centers in the country, announced today Saks Fifth Avenue OFF 5TH will open a 28,000 square foot anchor store location at its newest center, Prime Outlets - Grand Prairie. The $100 million...
Home Quest Develops Million Dollar Monitoring System and Database for Unique Market Research Program
NEW YORK, May 19 PRNewswire — Home Quest has created a million dollar monitoring system and database to offer the most in-depth comparative data analysis reports for owners selling residential real estate properties in New York. This customized technology utilizes the latest search...
Fannie Mae Redemption
WASHINGTON, May 19 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...
California Luxury Home Values Move Lower
SAN FRANCISCO, May 19 PRNewswire — Luxury home prices in Los Angeles, San Diego and San Francisco all posted modest declines in the first quarter of 2008, according to the First Republic Prestige Home Index(TM) by First Republic Bank, a leading provider of private banking, private...
First American CoreLogic Awarded General Services Administration (GSA) Certification
SANTA ANA, Calif., May. 19 PRNewswire-FirstCall — First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that it has been...
MyDealBook.com Social Networking Site Launches to Bring Together Cross-Industry Real Estate Professionals
NEW YORK, May 19 PRNewswire — MyDealBook.com, the world's first website to meet the specific needs of cross-industry real estate professionals, launched today with more than 330,000 new members. The social media website is the only site aimed at bringing together professionals from all...
The Crossing at Willow Bay Announces the Grand Opening of the Willow Bay Yacht Club
SANDPOINT, Idaho, May 19 PRNewswire — The sun is high on a summer afternoon. The kids are learning how to sail. Massages, canoeing and bicycle rides are scheduled after a barbecue lunch, and the entire family is invited to the evening's social benefit to raise funds for a local charity...
The Regus Group Continues Its Rapid Growth in the Long Island Market With the Opening of Its New Hauppauge Business Center
HAUPPAUGE, N.Y., May 19 PRNewswire — 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 is relocating its HQ Hauppauge business center from 300 Vanderbilt Motor Parkway to a brand...
Lowe's Reports First Quarter Sales and Earnings Results
MOORESVILLE, N.C., May 19 PRNewswire-FirstCall — Lowe's Companies, Inc. (NYSE: LOW), the world's second-largest home improvement retailer, today reported net earnings of $607 million for the quarter ended May 2, 2008, a 17.9 percent decline versus the same period a year ago. Diluted...
ResCap Announces Receipt of Requisite Consents and Extension of Early Delivery Deadline
MINNEAPOLIS, May 18 PRNewswire — Residential Capital, LLC ("ResCap") today announced that, in connection with its pending private exchange offers and cash tender offers for any and all of the U.S. dollar equivalent $14.0 billion in aggregate principal amount of its outstanding notes, it...
Whitestone REIT to Pay Quarterly Dividend of $0.15 Per Share in Three Monthly Payments of $0.05 Per Share
HOUSTON, May 16 PRNewswire — Whitestone REIT, which owns and manages 37 commercial properties in Texas and Arizona, announced today that the Board of Trustees has approved a dividend of $0.15 per common share for the second quarter of 2008. The dividend is payable in three monthly...
/C O R R E C T I O N -- PBS Real Estate/
In the news release, Levi Strauss & Co. Appoints PBS Real Estate for U.S. Store Expansion, issued earlier today by PBS Real Estate over PR Newswire, we are advised by the company that the source of the press release should read "PBS Real Estate." Complete, corrected release follows: Levi Strauss...
iStar Financial Agrees to Sell $750 Million of Senior Unsecured Notes
NEW YORK, May 16 PRNewswire-FirstCall — iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today that it has agreed to sell $750 million aggregate principal amount of 8.625% Senior Notes due 2013. The...
Digital Realty Trust to Present at the 7th Annual JMP Securities Research Conference
SAN FRANCISCO, May 16 PRNewswire-FirstCall — Digital Realty Trust (NYSE: DLR) announced today that Michael F. Foust, CEO, and A. William Stein, CFO and Chief Investment Officer, will present at the 7th Annual JMP Securities Research Conference on Wednesday, May 21, 2008 at 8:30 a.m...
DVL, Inc. Reports Results of Operations for the Quarter Ended March 31, 2008
NEW YORK, May 16 PRNewswire-FirstCall — DVL, Inc. (OTC Bulletin Board: DVLN) announced its operating results for the three month period ended March 31, 2008. DVL's income from continuing operations for the quarter ended March 31, 2008 was $1,042,000 ($.02 basic and $.02 diluted per...
M.D.C. Holdings' Presentation at the Seventh Annual JMP Securities Research Conference to be Webcast Live
DENVER, May 16 PRNewswire-FirstCall — M.D.C. Holdings, Inc. (NYSE: MDC) announced today it will broadcast a presentation being made at the Seventh Annual JMP Securities Research Conference on Monday, May 19th, at 10:30 a.m. PDT. The presentation can be heard live and will be available...
Hovnanian Announces Pricing of Notes
RED BANK, N.J., May 16 PRNewswire-FirstCall — Hovnanian Enterprises, Inc. (NYSE: HOV) announced today that it priced $600.0 million aggregate principal amount of 11 1/2% senior secured notes due May 1, 2013 in a private placement. The Company also entered into an amendment to its...
In PA, Home Prices Falling Plus Unemployment Rising Could Equal Further Foreclosures
HARRISBURG, Pa., May 16 PRNewswire-USNewswire — Recent trends in housing prices in Pennsylvania suggest that larger declines lie ahead, researchers at the Keystone Research Center in Harrisburg said today. And, they added, those price declines, coupled with rising unemployment in the...
CBRE Realty Finance, Inc. Files $300 Million Shelf Registration Statement
HARTFORD, Conn., May 16 PRNewswire-FirstCall — CBRE Realty Finance, Inc. (NYSE: CBF) today announced that it has filed a primary shelf registration statement with the Securities and Exchange Commission (the "SEC") for the offering and sale from time to time of up to $300 million of...
Realtors(R) Envision the Future of Real Estate in Real Time
WASHINGTON, May 16 PRNewswire-USNewswire — Today's handheld technologies and wireless networks are changing the way Realtors(R) are doing business, enabling them to stay productive and connected with clients, even when they aren't in the office. That's according to experts at the...
Markel American Insurance Company Announces Release of Manufactured Home Program in Indiana
WAUKESHA, Wisc., May 16 PRNewswire — Markel American Insurance Company is pleased to announce the release of their Manufactured Home Program in Indiana. The program is exclusively represented by Bolton & Company, a managing general agent with more than 40 years of experience in...
SBA Remains in Norwich Until May 22, Urges Return of Disaster Loan Applications
ATLANTA, May 16 PRNewswire-USNewswire - The U. S. Small Business Administration announced today that due to the level of activity, the Disaster Loan Outreach Center in Norwich will remain open until May 22. The Center will be open 8:30 a.m. to 4:30 p.m. Monday through Wednesday and from 8:30...
David M. Boitano Promoted to Senior Vice President
NEWPORT BEACH, Calif., May 16 PRNewswire-FirstCall — Nationwide Health Properties, Inc. (NYSE: NHP) announced today the promotion of David M. Boitano to Senior Vice President and Senior Investment Officer. "Dave has made a tremendous contribution to NHP over the last several years as...
Federal Home Loan Bank of Boston Declares Dividend
BOSTON, May 16 PRNewswire — The board of directors of the Federal Home Loan Bank of Boston declared a second quarter dividend rate with an equivalent annual yield of 4.0 percent. The dividend, based on average stock outstanding for the first quarter, will be paid on June 3, 2008. The...
Tanger Elects Directors and Officers
GREENSBORO, N.C., May 16 PRNewswire-FirstCall — The Shareholders of Tanger Factory Outlet Centers, Inc. (NYSE: SKT) at its Annual Shareholders Meeting on May 16, 2008, elected the following directors to serve for the ensuing year: Stanley K. Tanger Chairman of the Board and Chief...
Cohen & Steers Arranging New Financing to Redeem Auction Market Preferred Securities
NEW YORK, May 16 PRNewswire-FirstCall — Cohen & Steers announced today that it has reached an agreement with a financial institution on the terms of a $300 million credit facility that will allow one of its closed-end funds to redeem, at par value, a portion of its auction market...
Parkway Properties Announces Creation of $750 Million Discretionary Fund With the Teacher Retirement System of Texas
JACKSON, Miss., May 16 PRNewswire-FirstCall — Parkway Properties, Inc. ("Parkway" or the "Company") (NYSE: PKY) announced the signing of a limited partnership agreement forming Parkway Properties Office Fund II, L.P. ("Fund II"), a $750 million discretionary fund with the Teacher...
OCC Offers Consumer Tips to Avoid Foreclosure Rescue Scams
WASHINGTON, May 16 PRNewswire-USNewswire — The Office of the Comptroller of the Currency issued an advisory today that provides advice to help prevent borrowers from becoming victims of foreclosure rescue scams. "Foreclosure rescue con artists take advantage of vulnerable people who...
Video: Hurricane Resistant Green Home Sets Standard for the Next Generation of Home Building
ASHEVILLE, N.C., May 16 PRNewswire — Deltec Homes recently announced the completion of a LEED Platinum Home, achieving the highest possible certification from the LEED(R) (Leadership in Energy and Environmental Design) Green Building Rating System administered by the US Green Building...
Realtors(R) Generate Real Solutions for Families Facing Foreclosure
WASHINGTON, May 16 PRNewswire-USNewswire — Stemming the rise of foreclosures is an important part of the National Association of Realtors(R)' legislative agenda this week at NAR's Midyear Legislative Meetings & Trade Expo. But Realtors(R) aren't just working in Washington to...
Commercial Defeasance, LLC Announces the Formation of Custom Hedging Solutions, LLC
CHARLOTTE, N.C., May 16 PRNewswire — Commercial Defeasance, LLC (Defease With Ease(R)) is pleased to announce the formation of Custom Hedging Solutions, LLC. The new venture will help real estate companies manage their interest rate risk through the use of derivative products such as...
Fannie Mae Redemption
WASHINGTON, May 16 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...
Fannie Mae Announces Single National Down Payment Policy; Replaces Policy Regarding Markets Where Home Prices are Declining
WASHINGTON, May 16 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) today announced a new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. Starting June 1, 2008, Fannie Mae will accept up to 97 percent...
Webcast Alert: Klabin Segall S/A Announces 1st Quarter 2008 Results Conference Call Webcast
SAO PAULO, Brazil, May 16 PRNewswire-FirstCall — Klabin Segall S/A (BOVESPA: KSSA3) (KLABIN SEGALL) announces the following Webcast: What: 1st Quarter 2008 Results of Klabin Segall S/A When: Friday, May 16, 2008 @ 11:00 AM ET Where: http://prnewswire.isat.com.br/?palestra_id=309 How...
Hanover Capital Mortgage Holdings Announces 2008 First Quarter Results
EDISON, N.J., May 16 PRNewswire-FirstCall — Hanover Capital Mortgage Holdings, Inc. (Amex: HCM) (the "Company" or "HCM") reported a net loss for the quarter ended March 31, 2008 of $(23.3) million, or $(2.71) per share on a fully diluted basis, compared to net income of $0.9 million, or...
Grubb & Ellis Company to Present at Seventh Annual JMP Securities Research Conference
SANTA ANA, Calif., May 16 PRNewswire-FirstCall — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it will make a presentation to the investment community at the Seventh Annual JMP Securities Research Conference scheduled for...
Hovnanian Announces Debt Refinancing
RED BANK, N.J., May 16 PRNewswire-FirstCall — Hovnanian Enterprises, Inc. (NYSE: HOV) announced today that it plans to issue an aggregate principal amount of up to $600.0 million of 5-year senior secured notes (the "Notes") in a private placement. The Company also expects to enter into...
Columbus 'Clicks' to the CityLiving Network: Local Real Estate Businesses and Housing Organizations Launch Homebuyer's Website Offering Affordable Ownership Opportunities
COLUMBUS, Ohio, May 16 PRNewswire — With more than 100 million websites on the Internet and hundreds of new ones launching every day, central Ohio has the unique advantage of hosting a brand new site designed to help Columbus-based families find affordable homes. Demonstrated today at...
Webcast Alert: IRSA Announces Third Quarter FY 2008 Results Conference Call
BUENOS AIRES, Argentina, May 16 PRNewswire-FirstCall — IRSA (NYSE: IRS) announces the following webcast: What: IRSA's Third Quarter FY 2008 Results Conference Call When: Friday, May 16, 2008 at 9:00 AM Eastern Where: http://www.videonewswire.com/event.asp?id=48624 How: Live over the...
CoStar Surpasses One Million Property Listings
BETHESDA, Md., May 15 PRNewswire-FirstCall — CoStar Group, Inc. (Nasdaq: CSGP), the number one provider of commercial real estate information/marketing solutions, today announced that the total number of for sale and for lease listings in its online database of commercial real estate...
CCP Reports Gross Revenue of R$ 24.4 Million in 1Q08
SAO PAULO, Brazil, May 15 PRNewswire — Cyrela Commercial Properties S.A. Empreendimentos e Participacoes (Bovespa: CCPR3), one of the leading commercial property investment and leasing companies in Brazil, announces its results for the first quarter of 2008. 1Q08 Highlights Net Revenue...
EZTEC Reports Net Revenue of R$62.4 million and Gross Margin of 48.2%
SAO PAULO, Brazil, May 15 PRNewswire-FirstCall — EZTEC S.A. (BOVESPA: EZTC3), one of the most profitable publicly-held companies in Brazil's real estate industry, announced on May 13, 2008 its results for the first quarter of 2008 (1Q08). The operating and financial statements presented...
Home Sales, Prices to Pick Up In Second Half of 2008, Says NAR Chief Economist
WASHINGTON, May 15 PRNewswire-USNewswire — Home sales and prices throughout most of the country are poised for improvement in the second half of 2008, and the recovery will vary by market, Lawrence Yun, chief economist for the National Association of Realtors(R) said today during...
NAIFA Announces Position on Fannie Mae and Freddie Mac Agreement
CHICAGO, May 15 PRNewswire — The National Association of Independent Fee Appraisers (NAIFA) has announced its position regarding the agreement reached between the New York State Attorney General's Office and the Office of Federal Housing Enterprise Oversight (OFHEO), and Fannie Mae...
PMI Shareholders Elect Directors; CEO L. Stephen Smith Re-elected Chairman
WALNUT CREEK, Calif., May 15 PRNewswire-FirstCall — The PMI Group, Inc. (NYSE: PMI) announced today that at the Company's Annual Meeting of Shareholders all eleven director nominees were re-elected to the Board of Directors. Following the meeting, the Board of Directors re-elected PMI...
Conditions Mixed in Commercial Real Estate But Fundamentals Good
WASHINGTON, May 15 PRNewswire-USNewswire — Commercial real estate conditions are uneven across the country and vary notably in some areas, according to a commercial real estate update and forecast presented here at the National Association of Realtors(R) Midyear Legislative Meetings...
Luminent Announces Appointment of Zachary H. Pashel as Chief Executive Officer
PHILADELPHIA, May 15 PRNewswire-FirstCall — Luminent Mortgage Capital, Inc. (OTC Bulletin Board: LUMC) is pleased to announce the immediate appointment of Zachary H. Pashel as its President and Chief Executive Officer. Mr. Pashel has been an independent director of Luminent since...
iStar Financial Declares Preferred Stock Dividends
NEW YORK, May 15 PRNewswire-FirstCall — iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F...
Realtors(R) Launch New Commercial Web Site
WASHINGTON, May 15 PRNewswire-USNewswire — The National Association of Realtors(R) has launched a new Web site focused on commercial real estate, which includes a commercial property listing database that offers access to commercial property listings from all 50 states. The new site...
National Retail Properties, Inc. Declares Dividend for Its Series C Preferred Stock
ORLANDO, Fla., May 15 PRNewswire-FirstCall — The Board of Directors of National Retail Properties, Inc. ("Board") (NYSE: NNN), a real estate investment trust, declared a quarterly dividend on its Series C Cumulative Redeemable Preferred Stock of 46.09375 cents per depositary share...
MGIC Investment Shareholders Re-elect Directors, Approve Goals Under 2002 Stock Incentive Plan and Bonus Plan and Ratify Independent Accountants for 2008
MILWAUKEE, May 15 PRNewswire-FirstCall — MGIC Investment Corporation's (NYSE: MTG) shareholders today re-elected four directors who each will serve three-year terms on the company's Board of Directors. Shareholders elected the following directors: — David S. Engelman, a Director...
Alabama Adventure Amusement Park Acquired by Adrenaline Family Entertainment, Inc.
BESSEMER, Ala., May 15 PRNewswire — Adrenaline Family Entertainment, Inc. announced today the acquisition of Alabama Adventure in Bessemer, Alabama. Adrenaline Family Entertainment is a theme park operating company made up of former seasoned senior Six Flags Inc. executives and...
New Service Helps Families Find Discounted Foreclosed Homes
MINNEAPOLIS, May 15 PRNewswire — A new firm has been launched by Excelsior real estate professional Randi Thornton and Equity Capital executive Carol Rose, designed to help families find the right home from among thousands of foreclosed properties now available. "We selected the name...
Congressman Frank Notes Realtors(R)' Importance to Economic Stability
WASHINGTON, May 15 PRNewswire-USNewswire — Chairman of the House Financial Services Committee Barney Frank, D-Mass., today addressed the important role that Realtors(R) and the housing market play in the overall U.S. economy at the National Association of Realtors(R) Midyear Legislative...
Great China International Holdings, Inc. Announces First Quarter 2008 Results
SHENYANG, China, May 15 Xinhua-PRNewswire-FirstCall — Great China International Holdings, Inc. (OTC Bulletin Board: GCIH) (''Great China International'' or ''the Company''), a real estate development and property management company in China, today announced financial results for the...
Sell Your Home Online for Free
MIAMI BEACH, Fla., May 15 PRNewswire — With price declines hurting home sellers and real estate commissions taking another 6% of a home's value, homeowners should consider Fizber.com , new homes and real estate listings. Listings are available for homes all over the United States. For...
F.R.E.D. Joins National Real Estate
PITTSBURGH, May 15 PRNewswire — National Real Estate Information Services (NREIS), one of the country's largest, privately-held vendor management companies, introduces F.R.E.D., its "Fast, Reliable, Electronic Data" interactive web portal. This new service provides mortgage...
Auctions Help Realtors(R) Move Property in Today's Real Estate Market
WASHINGTON, May 15 PRNewswire-USNewswire — In the past, real estate auctions have been used to sell off distressed or foreclosed properties that didn't sell using traditional methods. Today, auctions are growing in popularity as an effective way to market and sell all types of...
Taubman Announces Participation in Sarasota's University Town Center
BLOOMFIELD HILLS, Mich., May 15 PRNewswire-FirstCall — Taubman Centers, Inc. (NYSE: TCO) today announced agreements with Southfield, Michigan-based The Forbes Company and Florida-based Benderson Development to jointly develop University Town Center, a regional mall in Sarasota Fla. The...
Grubb & Ellis Realty Investors Names Dan O'Hare Vice President, Asset Management
SANTA ANA, Calif., May 15 PRNewswire — Grubb & Ellis Realty Investors, LLC today announced that Dan O'Hare is rejoining the company as Vice President of Asset Management. O'Hare is an industry veteran with more than 20 years of commercial real estate experience. O'Hare was...
Hanover Capital Mortgage Holdings, Inc. (Amex: HCM) Conference Call Invitation
NEW YORK, May 15 PRNewswire-FirstCall — John A. Burchett, CEO, will discuss 2008 First Quarter Financial Results Friday May 16th 11:00 A.M. ET To participate in the call please dial (877) 407-8035 International Callers Dial (201) 689-8035 Investors can listen to the conference call over...
TMG Inc. Announces its 'Retail Stimulus Package' -- Condenses 28 Years of Retail Success Into Tools that Grow Local Retailer Sales Up to 24%, Even in Recession
WEAVERVILLE, N.C., May 15 PRNewswire — TMG Inc., an internationally recognized firm offering growth-based retail strategies, today announced the formal offering of its "Retail Stimulus Package" created to counteract sluggish consumer spending across all retail categories. The key for...
Turmoil in the U.S. Credit Markets: Consumer Credit Protection
The Federalist Society, its Financial Services and E-Commerce Practice Group, the Financial Services Roundtable, and the Consumer Bankers Association Invite You to Attend an Important Conference Concerning WASHINGTON, May 15 PRNewswire-USNewswire — The following is being issued by The...
Consolidated-Tomoka Land Co. Board Responds to Wintergreen Advisers, LLC
DAYTONA BEACH, Fla., May 15 PRNewswire-FirstCall — Consolidated-Tomoka Land Co. (Amex: CTO) sent the following letter to Mr. David J. Winters of Wintergreen Advisers, LLC: VIA FEDERAL EXPRESS May 14, 2008 Wintergreen Advisers, LLC Attn: David J. Winters 333 Route 46 West, Suite 204...
Bridgeport Public Schools Announces Employee Homeownership, Education Initiative With Freddie Mac, Chase, Urban League
BRIDGEPORT, Conn., May 15 PRNewswire — The Bridgeport Public School District joins with Freddie Mac (NYSE: FRE), Chase and the Urban League of Southern Connecticut to announce an innovative homeownership initiative designed to help the 27,500 district-wide employees of Bridgeport Public...
Update: IndyMac Bancorp (IMB) Deferral Impact on Alesco Financial Inc.
PHILADELPHIA, May 15 PRNewswire-FirstCall — Alesco Financial Inc. (NYSE: AFN), a specialty finance real estate investment trust, updates its previous announcement concerning the expected impact to AFN of the deferral by IndyMac Bancorp (NYSE: IMB) of the interest payments due on IMB's...
Freddie Mac Chief Financial Officer Buddy Piszel to Address Lehman Brothers Conference
MCLEAN, Va., May 15 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) Executive Vice President and Chief Financial Officer Buddy Piszel will address the Lehman Brothers 11th Annual Financial Services Conference in London on Tuesday, May 20, 2008, at 4:05 p.m., British Summer Time...
CoStar Showcase Launches With $1 Million in Presale Subscription Orders
BETHESDA, Md., May 15 PRNewswire-FirstCall — CoStar Group, Inc. (Nasdaq: CSGP), the number one provider of commercial real estate information/marketing solutions, today announced the launch of CoStar Showcase(TM) (www.CoStar.com), an online property marketing service designed to provide...
Fannie Mae Prices New Issue 3-Year Benchmark Notes(R)
WASHINGTON, May 15 PRNewswire-FirstCall — The following is being issued by Fannie Mae (NYSE: FNM): 3-Year Pricing Date May 15, 2008 Settlement Date May 19, 2008 Maturity Date May 19, 2011 Issue Size $4 billion Coupon 3.375 % Price 99.966 Yield 3.387 % Spread +87.5 basis points...
ACPT Announces Results for First Quarter 2008
ST. CHARLES, Md., May 15 PRNewswire-FirstCall — American Community Properties Trust (ACPT) (AMEX:APO) a diversified real estate organization, today announced results for the three months ended March 31, 2008. For the three months ended March 31, 2008, the Company reported a net loss of...
Realtors(R) Celebrate a Century of Progress
WASHINGTON, May 15 PRNewswire-USNewswire — Realtors(R) celebrating the National Association of Realtors(R)' centennial this week during the Midyear Legislative Meetings & Trade Expo had an opportunity to put real estate's advances over the past 100 years into historical context...
Elizabeth Arden to Open First Pacific Northwest Spa at The Bravern
BELLEVUE, Wash., May 15 PRNewswire — When Elizabeth Arden opened her signature Red Door Spa in New York City a century ago, it was a first in the world of beauty. Miss Arden introduced the day spa, and eventually established the country's first destination resort spas. No less a beauty...
E-House Reports First Quarter 2008 Results
SHANGHAI, China, May 15 Xinhua-PRNewswire-FirstCall — E-House (China) Holdings Limited ("E-House" or "the Company") (NYSE: EJ), a leading real estate services company in China, today announced its unaudited financial results for the fiscal quarter ended March 31, 2008. Financial...
New Green Building at Yale Makes the Grade With Schuco Facades
NEWINGTON, Connecticut, May 15 PRNewswire — The American Institute of Architects (AIA) voted on 22 April 2008 to add Yale University's new Sculpture Building in New Haven, Connecticut to its list of "Top 10 Green Projects 2008", which pays tribute to environmentally sustainable...
ProLogis Announces New Build-To-Suit Agreement With Hitachi Transport System, Ltd. in Japan
SAGA, Japan, May 15 PRNewswire-FirstCall — ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today it has signed a new build-to-suit agreement in Japan with Hitachi Transport System, a global provider of third-party logistics...
Viviane Joubran Joins Southwest Securities, FSB as District Manager of the Southern California Region
DALLAS, May 15 PRNewswire — Viviane Joubran has joined the National Mortgage Purchase Division of Southwest Securities, FSB as District Manager, Southern California Region. Ms. Joubran has a strong background in operations, credit underwriting and pre-qualifying applicants after more...
Jason Gillespie Joins Southwest Securities, FSB as Senior Vice President, Mortgage Purchase Credit Manager
DALLAS, May 15 PRNewswire — Jason Gillespie, CMB, has joined the National Mortgage Purchase Division of Southwest Securities, FSB as Senior Vice President, Mortgage Purchase Credit Manager. Mr. Gillespie has nearly two decades of experience in finance and mortgage banking. His...
BRMALLS Announces EBITDA of R$47.4 Million in the 1Q08, Growth of 111.8% Over the 1Q07, with an EBITDA Margin of 71.2%
RIO DE JANEIRO, Brazil, May 15 PRNewswire — 1Q08 Highlights: — In the first quarter of 2008, gross revenue increased 117.6% year-on- year to R$71.8 million, while the six malls originally in the portfolio on January 1st 2007 recorded organic gross revenue growth of 18.1...
Multiplan Announces Adjusted Net Income Growth of 31% to R$ 50.4 Million the 1Q08
RIO DE JANEIRO, Brazil, May 14 PRNewswire-FirstCall — Multiplan Empreendimentos Imobiliarios S.A. (Bovespa: MULT3), the largest shopping center company in Brazil in terms of revenue, the most profitable company in the sector, with a portfolio of 13 malls (two under development, eleven...
CityCenter Commemorates Construction Milestone With 'Topping Out' of First Tower, Vdara Condo Hotel
LAS VEGAS, May 14 PRNewswire-FirstCall — CityCenter today commemorated the "topping out" of its 57-story Vdara Condo Hotel, the first of six distinctive high-rise towers that will be topped within the coming months. The completion of Vdara's structure is a milestone for the construction...
New York Mortgage Trust Announces Correction to its Previously Issued First Quarter 2008 Earnings Release
NEW YORK, May 14 PRNewswire-FirstCall — New York Mortgage Trust, Inc. (the "Company" or "NYMT") (OTC Bulletin Board: NMTR), a self-advised real estate investment trust (REIT), made the following announcements today: Corrections to Previously Issued First Quarter 2008 Earnings Release...
SCI Real Estate Investments Acquires Retail Center in Denton, Texas
LOS ANGELES, May 14 PRNewswire — SCI Real Estate Investments, LLC announced today that it has acquired Denton Towne Crossing, a 36,780 square foot retail center in Denton, Texas from Weber & Company for an undisclosed price. SCI specializes in the acquisition of Class-A properties...
Bresler & Reiner, Inc. (OTC: BRER) Reports Results for the Three Months Ended March 31, 2008
WASHINGTON, May 14 PRNewswire-FirstCall — Bresler & Reiner, Inc. reported a net loss of $5,005,000 or ($0.91) per common share on revenues of $24,494,000 for the three months ended March 31, 2008. For the comparable period in 2007, the Company reported net income of $3,783,000...
Orleans Homebuilders Reports a Reclassification to Results for Third Quarter Ending March 31, 2008
BENSALEM, Pa., May 14 PRNewswire-FirstCall — Orleans Homebuilders, Inc. (Amex: OHB) is a residential homebuilder with operations in Southeastern Pennsylvania; Central and Southern New Jersey; Orange County, New York; Charlotte, Raleigh and Greensboro, North Carolina; Richmond and...
House Buyer Network Launches New Corporate Entity - HBN Interactive
MARIETTA, Ga., May 14 PRNewswire — House Buyer Network, North America's largest home selling solutions Internet company, has created a new corporate entity to consolidate its vast real estate portfolio. The new entity is called HBN Interactive (HBNi). Founded in 2002 with a torrid...
NAR Awards Diversity Grants to Support Local and State Initiatives
WASHINGTON, May 14 PRNewswire-USNewswire — The National Association of Realtors(R) today awarded $72,795 to 17 local and state Realtor(R) associations through the Diversity Initiative Grant Program. The Diversity Initiative Grant Program provides grants to help fund outreach efforts to...
Realtors(R) Increasing Professionalism, Survey Shows
WASHINGTON, May 14 PRNewswire-USNewswire — Realtors(R) are raising their level of professionalism through training and experience to better serve consumers, and are demonstrating their versatility and breadth of expertise in a changing marketplace, according to 2008 National Association...
Realtors(R) Urge Congress to Take Action to Stabilize the Housing Market
WASHINGTON, May 14 PRNewswire-USNewswire — A sound and dynamic real estate industry fosters communities and sustains and stimulates the national economy. That is the message that more than 9,000 Realtors(R) are taking to Congress during the National Association of Realtors(R) Midyear...
Grayson Place Named 'Denver Top Property' by Colorado Homes & Lifestyle Magazine
DENVER, May 14 PRNewswire — With hundreds of properties from which to select, Grayson Place at Third Avenue in Cherry Creek North was named a "Denver Top Property" by the editorial team of Colorado Homes & Lifestyle Magazine. Seen in the publications May real estate issue, Grayson...
Realtors(R) Make Homeownership a Reality For People With Special Housing Needs
WASHINGTON, May 14 PRNewswire-USNewswire — For many house hunters, finding a home that has everything they want and fits their budget can be a challenging task. People with physical or mental disabilities must also overlay those interests with their needs for accessible housing...
The Hanover Insurance Group Moves into Real Estate Insurance Business
WORCESTER, Mass., May 14 PRNewswire-FirstCall — The Hanover Insurance Group, Inc. (NYSE: THG), a leading super regional property and casualty company, today announced Real Estate Advantage, a new insurance program that offers cost-effective and comprehensive specialty coverages to...
Webcast Alert: IRSA Announces Third Quarter FY 2008 Results Conference Call
BUENOS AIRES, Argentina, May 14 PRNewswire-FirstCall — IRSA (NYSE: IRS) announces the following webcast: What: IRSA's Third Quarter FY 2008 Results Conference Call When: Friday, May 16, 2008 at 9:00 AM Eastern Where: http://www.videonewswire.com/event.asp?id=48624 How: Live over the...
Fidelity National Information Services, Inc. to Host Investor Day
JACKSONVILLE, Fla., May 14 PRNewswire-FirstCall — Fidelity National Information Services, Inc. (NYSE: FIS) announced today that it will host an investor day on Wednesday, May 28, 2008, beginning at 8:15 a.m. Eastern Daylight Time at the company's corporate offices in Jacksonville...
Griffin Announces Quarterly Dividend
NEW YORK, May 14 PRNewswire-FirstCall — Griffin Land & Nurseries, Inc. (Nasdaq: GRIF) ("Griffin") announced today that its Board of Directors had declared a quarterly cash dividend of $0.10 per share on Griffin's common stock. The dividend is payable on June 5, 2008 to holders of...
Dubai Studio City Showcases US$420 Million Village Centre at 61st Cannes Film Festival
DUBAI, United Arab Emirates and CANNES, France, May 14 PRNewswire — Dubai Studio City (DSC), a member of TECOM Investments, today leveraged the platform of the 61st Cannes Film Festival 2008 to unveil the components of its Village Centre, an over AED1.5 billion (US$420 million) multi...
Webcast Alert: LPS Brasil - Consultoria de Imoveis S/A (Lopes) Announces 1st Quarter 2008 Results Conference Call Webcast
SAO PAULO, Brazil, May 14 PRNewswire-FirstCall — LPS Brasil - Consultoria de Imoveis S/A (Lopes) (BOVESPA: LPSB3) (LOPES) announces the following webcast: What: LPS Brasil - Consultoria de Imoveis S/A (Lopes) 1st Quarter 2008 Results When: Thursday, May 15, 2008 @ 12:00 PM ET Where...
Fannie Mae Redemption
WASHINGTON, May 14 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...
Fatal Mistakes of a High Rise Emergency
PASADENA, Calif., May 14 PRNewswire — There are common yet not-so-obvious mistakes people make in a high rise emergency, such as a fire, an earthquake or an act of terrorism, according to Building Safety Solutions (BSS), a provider of emergency preparedness and life safety products...
World Alliance Financial Declares Senior Independent Living Month
MELVILLE, N.Y., May 14 PRNewswire — World Alliance Financial Corp. (dba Lender Lead Solutions), an industry leader in reverse mortgages, and its education division, the Senior Lending Network, have established May 15th through June 15th as Senior Independent Living Month. All...
Metro Funding Corp. Aids Victims in New Orleans
PARAMUS, N.J., May 14 PRNewswire — Metro Funding Corp. (MFC), a private asset-based commercial real estate lender was approached recently for a cash-out refinance loan from a borrower seeking additional working capital for her latest business venture, a Green Home Manufacturer. The...
Real Estate Website Fizber.com to Expand Partner Network
MIAMI BEACH, Fla., May 14 PRNewswire — Real Estate website Fizber.com to feed their clients' property listings to multiple real estate sites, saving them time and money." Through the Fizber Partner Network, brokers benefit in the following ways: — Brokers can attract qualified...
Freddie Mac Releases First Quarter 2008 Financial Results
MCLEAN, Va., May 14 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) today reported a net loss of $151 million, or $0.66 per diluted common share, for the quarter ended March 31, 2008, compared to a net loss of $133 million, or $0.35 per diluted common share, for the quarter ended March...
Boardwalk REIT Announces Solid First Quarter 2008 Financial Results; FFO Per Unit Up 25.0% and DI Per Unit up 21.4% YOY; and its May 2008 Distribution
CALGARY, May 14 PRNewswire-FirstCall - Boardwalk Real Estate Investment Trust ("Boardwalk REIT" or the "Trust") today announced solid financial results for the first quarter of 2008; FFO per unit up 25.0% and DI per unit up 21.4% YOY and its May 2008 Distribution. For the first quarter...
SecondSpace Launches Web Sites in Canada and the UK With World's Largest Selection of Vacation Homes and Land for Sale
WASHINGTON, May 14 PRNewswire — National Association of REALTORS(R) Midyear Conference — SecondSpace, Inc., the leading online marketplace exclusively focused on second homes and recreational retreats, today announced the launch of ResortScape.CA, ResortScape.Co.UK, and...
Foreclosure Activity Increases 4 Percent in April According to RealtyTrac(R) U.S. Foreclosure Market Report
IRVINE, Calif., May 14 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, RealtyTrac...
Meruelo Maddux Announces 2008 First Quarter Results
LOS ANGELES, May 13 PRNewswire-FirstCall — Meruelo Maddux Properties, Inc. (Nasdaq: MMPI), a self-managed, full-service real estate company that develops, redevelops and owns commercial and residential properties, today announced results for the three months ended March 31, 2008. Recent...
Net Revenue Growth of 95% Versus 1Q07 Reaching R$71.9 Million.
SAO PAULO, Brazil, May 13 PRNewswire-FirstCall — TRISUL S.A. (Sao Paulo Stock Exchange: TRIS3), announces its financial results for 1Q08. Highlights — In the 1Q08 the Company launched 3 projects, with total PSV of R$194.5 million, of which R$166.5 million is our share. We launched...
Trammell Crow Residential Announces its First-Ever Real Estate Auction for The Quarter Condominium Residences at Westgate City Center in Glendale, Ariz.
GLENDALE, Ariz., May 13 PRNewswire — Accelerated Marketing Partners will conduct Trammell Crow Residential's first-ever real estate auction for The Quarter, a new luxury development that is the anchor residential component of Westgate City Center in Glendale, Ariz. The auction will...
Realtors(R) Press Congress to Jumpstart Housing Stimulus Legislation
WASHINGTON, May 13 PRNewswire-USNewswire — Dick Gaylord, president of the National Association of Realtors(R), today urged Realtors(R) to make their voices heard on Capitol Hill this week as they press legislators to quickly enact housing legislation that will help restore consumer...
Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, May 13 PRNewswire — Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: — Under Armour Inc. (NYSE: UA) will replace IndyMac Bancorp Inc. (NYSE: IMB) in the S&P MidCap 400 after the close of trading on Thursday...
American Church Mortgage Company Declares First Quarter Dividend
MINNETONKA, Minn., May 13 PRNewswire-FirstCall — AMERICAN CHURCH MORTGAGE COMPANY (Pink Sheets: ACMC), Minnetonka, Minnesota, announced the declaration by its Board of Directors of a shareholder dividend for its first quarter ended March 31, 2008 of $.10 per share, representing an...
Fannie Mae Prices Offering of $2 Billion of Preferred Stock
WASHINGTON, May 13 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) today priced $2 billion, or 80 million shares, of non-cumulative, non-convertible, perpetual fixed-rate preferred stock, designated as Series T. The Series T preferred stock (CUSIP 313586737) has a stated value of $25 per...
Fidelity National Real Estate Solutions' New Cyberhomes Media Group is First to Help Real Estate Publishers, Advertisers Reach Growing Real Estate Audience
JACKSONVILLE, Fla., May 13 PRNewswire-FirstCall — Fidelity National Financial, Inc. (NYSE: FNF), a Fortune 500 provider of products, services and technology solutions to the financial and real estate industries, announced this week that Fidelity National Real Estate Solutions (FNRES...
Realtors(R) on Building Green: Niche Market or Wave of the Future?
WASHINGTON, May 13 PRNewswire-USNewswire — Home buyers and commercial investors alike are increasingly demanding green building practices, and many experts agree the environmentally friendly building approach is here to stay. That's what speakers at today's Land Use, Property Rights...
AMB Property Corporation(R) Stabilizes 406,000 SF Orlando Development with Kuehne + Nagel Lease
SAN FRANCISCO, May 13 PRNewswire-FirstCall — AMB Property Corporation(R) (NYSE: AMB), a leading global developer and owner of industrial real estate, today announced it has fully leased AMB Palmetto Distribution Center, stabilizing the more than 406,000 square foot development in...
Manhattanizing Las Vegas - How to Profit From the Second Phase of Vertical Growth, by Paul Murad
LAS VEGAS, May 13 PRNewswire — Author and Vegas entrepreneur Paul Murad is set to release his new book: Manhattanizing Las Vegas - How to Profit from the Second Phase of Vertical Growth. Murad released the first edition of "Manhattanizing Las Vegas" to rave reviews in 2005. This second...
New York Mortgage Trust to Present at the Seventh Annual JMP Securities Research Conference, May 19, 2008 in San Francisco
NEW YORK, May 13 PRNewswire-FirstCall — New York Mortgage Trust, Inc. (the "Company" or "NYMT") (OTC Bulletin Board: NMTR), a self-advised real estate investment trust (REIT) engaged in the investment in and management of Agency mortgage-backed securities (MBS) and high credit quality...
Macy's Expands Across Metro Phoenix With Two New Stores
PHOENIX, May 13 PRNewswire-FirstCall — Macy's will deepen its Metro Phoenix presence with the addition of two new stores located within strategically placed super regional shopping centers — Westcor's Estrella Falls in Goodyear, Ariz., and SanTan Village in Gilbert, Ariz. This...
Realtors(R), Housing and Finance Experts Address Mortgage Crisis
WASHINGTON, May 13 PRNewswire-USNewswire — With the goal of helping more families keep their homes rather than lose them to foreclosure, Federal Housing Administration Commissioner Brian Montgomery, Office of Federal Housing Enterprise Oversight Director James Lockhart and Harvard...
iStar Financial to Participate in the 18th American Financial Services Association Finance Industry Conference for Fixed Income Investors
NEW YORK, May 13 PRNewswire-FirstCall — iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, will participate in a moderated discussion at the 18th American Financial Services Association Finance Industry...
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