Real Estate Newswire
Bayview Asset Management Announces Strategic Investment from Blackstone
CORAL GABLES, Fla., July 28 PRNewswire — Bayview Asset Management, LLC (Bayview), a subsidiary of Bayview Financial, L.P., announced today that it has entered into a definitive agreement to sell a minority interest in the company to Blackstone Capital Partners, an affiliate of The...
Jones Lang LaSalle Joins Ceres' Network of Companies
BOSTON, July 28 PRNewswire-FirstCall — Citing the company's commitment to lead the real estate industry on environmental sustainability and energy efficiency, the Ceres board of directors has approved Jones Lang LaSalle, a financial and professional services firm specializing in real...
MI Developments Inc. notice of conference call for second quarter 2008 results
AURORA, ON, July 28 PRNewswire-FirstCall - MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) will announce its financial results for the second quarter ended June 30, 2008 on Friday, August 8, 2008 before the opening of the market. A conference call to discuss those results will...
Associated Estates Realty Corporation Announces Details Regarding Second Quarter Conference Call
CLEVELAND, July 7 PRNewswire-FirstCall — Associated Estates Realty Corporation (NYSE: AEC)(Nasdaq: AEC) announced today that the Company's second quarter 2008 earnings are scheduled for release on Tuesday, July 29, 2008, before the market opens. Promptly following the news wire...
Origen Financial Announces Date for Second Quarter 2008 Financial Results and Conference Call
SOUTHFIELD, Mich., July 28 PRNewswire-FirstCall — Origen Financial, Inc. (Nasdaq: ORGN), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced that it will release earnings for the second quarter 2008 on...
Fannie Mae Redemption
WASHINGTON, July 28 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...
Senior Lending Network Unveils New and Improved Website
MELVILLE, N.Y., July 28 PRNewswire — Senior Lending Network(R), a program of World Alliance Financial Corp. and a leader in reverse mortgages, announced today that it has launched an enhanced website to better support its customer base. The new site offers a fresh look, updated content...
BRE Properties Board of Directors Adds New Member and Promotes Senior Executive
SAN FRANCISCO, July 28 PRNewswire-FirstCall — BRE Properties, Inc. (NYSE: BRE) today announced that its board of directors has increased the size of the board from nine to 10 members, and elected Edward F. Lange, Jr., executive vice president, chief operating officer, to the board. In...
Simon Property Group Announces Second Quarter Results and Quarterly Dividends
INDIANAPOLIS, July 28 PRNewswire-FirstCall — Simon Property Group, Inc. (the "Company" or "Simon") (NYSE: SPG) today announced results for the quarter ended June 30, 2008: — Funds from operations ("FFO") for the quarter increased 14.7% to $427.9 million from $373.0 million in...
Laramar Group Acquires Oceanview Waterfront Multifamily Property in Boca Raton
CHICAGO and BOCA RATON, Fla., July 28 PRNewswire — Chicago-based Laramar Group, a fully-integrated real estate investment and management company, today announced the acquisition of Oceanview Apartments, a 160-unit waterfront property located in Boca Raton, Fla. The Oceanview property...
Biggest Mortgage Lenders from MortgageDaily.com
DALLAS, July 28 PRNewswire — A new company has emerged as the biggest U.S. mortgage lender, according to an analysis of second-quarter earnings data by http://www.MortgageDaily.com. But the new No. 1 originator won't likely hold that title for long. As Countrywide Financial Corp., which...
ProLogis Leases 277,000 Square Feet Near the Port of Le Havre in France
PARIS, July 28 PRNewswire-FirstCall — ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that it has leased 277,000 square feet (25,800 square meters) of space near the Port of Le Havre, France's largest container port by...
ActiveRain Real Estate Social Networking Site Launches Nationwide Online Video Advertising Program Powered by Mixpo
SEATTLE, July 28 PRNewswire — ActiveRain, the nation's largest social networking and marketing site for real estate professionals, announced that it has launched a nationwide online video advertising program for its growing base of more than 98,000 members powered by Mixpo, an online...
Updated: Black Real Estate Professionals Express Cautious Optimism on Passage of Housing Stimulus Package
WASHINGTON, July 27 PRNewswire-USNewswire — Speaking on behalf of the National Association of Real Estate Brokers (NAREB), the country's oldest minority trade association, President Maria Kong expressed "cautious optimism" on the passage of the housing stimulus package. "NAREB...
Black Real Estate Professionals Express Cautious Optimism on Passage of Housing Stimulus Package
WASHINGTON, July 27 PRNewswire-USNewswire — Speaking on behalf of the National Association of Real Estate Brokers (NAREB), the country's oldest minority trade association, President Maria Kong expressed "cautious optimism" on the passage of the housing stimulus package. "NAREB...
Miami Mayor Manny Diaz, President of The U.S. Conference of Mayors, Issues Statement on Senate Passage of Housing Bill
WASHINGTON, July 26 PRNewswire-USNewswire — "As President of The U.S. Conference of Mayors, and on behalf of the American people and America's cities, we commend the Senate, specifically Senators Harry Reid and Christopher Dodd, for their courage and action today in the passage of...
Housing Stimulus Package to Stabilize Neighborhoods, Attract New Capital to Communities: LISC
NEW YORK, July 26 PRNewswire-USNewswire — The Housing and Economic Recovery Act of 2008 will help stabilize disinvested neighborhoods, offer relief to families stung by the foreclosure crisis and attract new capital to affordable housing developments that address the needs of low-income...
Apartment Industry Commends Congress For Learning From Past Mistakes and Passing a Balanced Housing Package
WASHINGTON, July 26 PRNewswire-USNewswire — The National Multi Housing Council (NMHC)/National Apartment Association (NAA) joint legislative program issued the following statement by NMHC/NAA Senior Vice President of Government Affairs Jim Arbury concerning the housing stimulus bill...
National Fair Housing Commission to Focus on Gulf Coast Housing Crisis in the Wake of Hurricanes Katrina and Rita
HOUSTON, July 25 PRNewswire-USNewswire — On Thursday, July 31, 2008, Gordan Quan, former Houston Mayor Pro Tem and Chair of the Housing Committee for the City of Houston, and Okianer Christian Dark, Associate Dean for Academic Affairs and Professor of Law, Howard University School of...
Taxpayers Need to Strategize Major Tax Provisions in New Housing Assistance Bill
NEW YORK, July 25 PRNewswire-FirstCall — While so many Americans are in a panic about the security of their mortgages and banks, the House passed the Housing Assistance Bill on July 23, 2008, and a preliminary procedural vote in the Senate passed by a large margin on July 25 and is...
Real Estate Roundtable Urges Swift Senate Approval of Housing Relief-GSE Backstop Plan
WASHINGTON, July 25 PRNewswire-USNewswire — Real Estate Roundtable President and CEO Jeffrey D. DeBoer issued the following statement regarding the House-passed housing relief bill now awaiting final action in the Senate: "This week's House vote on housing relief legislation &mdash...
CMSA Applauds Bachus Letter on Rushed Securitization Accounting Reforms
Ranking Member Recommends Extended and Measured Approach for Accounting Changes NEW YORK, July 25 PRNewswire-USNewswire — The Commercial Mortgage Securities Association (CMSA) today praised House Financial Services Committee Ranking Member Spencer Bachus (R-AL) for announcing his...
Monmouth Real Estate Investment Corporation Will Present at the Philadelphia Securities Association
FREEHOLD, N.J., July 25 PRNewswire-FirstCall — Monmouth Real Estate Investment Corporation (Nasdaq: MNRTA) announced that it will present at the Philadelphia Securities Association on Wednesday, July 30, 2008. The Forum will be held at the Union League of Philadelphia located in...
UMH Properties, Inc. Will Present at the Philadelphia Securities Association
FREEHOLD, N.J., July 25 PRNewswire-FirstCall — UMH Properties, Inc., (Amex: UMH) announced that it will present at the Philadelphia Securities Association on Wednesday, July 30, 2008. The Forum will be held at the Union League of Philadelphia located in Philadelphia, PA. Eugene W...
HOPE NOW Executive Director Testifies Before Congress
Schwartz emphasizes numbers of ways homeowners have been helped and large numbers of foreclosures prevented WASHINGTON, July 25 PRNewswire-USNewswire — HOPE NOW Executive Director Faith Schwartz testified today before the House Financial Services Committee regarding the significant...
AFL-CIO Housing Investment Trust Preserves Affordability at Big Six Towers Development in Queens With $7.8 Million Investment
NEW YORK, July 25 PRNewswire-USNewswire — The AFL-CIO Housing Investment Trust (HIT) has committed to invest $7.8 million in Big Six Towers, a cooperative housing complex in Queens with long ties to the labor movement. The investment will allow the complex to remain affordable for...
Basketball Hall of Famer Nancy Lieberman Makes History with On-Court Appearance with Detroit Shock
MELBOURNE, Fla., July 25 PRNewswire — Holiday Builders, an award-winning homebuilder celebrating 25 years of quality building, today celebrated its most visible ambassador, Basketball Hall of Famer Nancy Lieberman, and her exit out of professional basketball retirement. WNBA's...
Zaio national database of photos enhances automated valuation products
SCOTTSDALE, AZ, July 25 PRNewswire-FirstCall - Zaio Corporation (TSX-V: ZAO), announces the delivery of digital photographs to its automated valuation products: i-Val(TM) and realAssessment(TM). The i-Val(TM) product provides an instant predicted market value while realAssessment(TM) provides...
Fannie Mae Redemption
WASHINGTON, July 25 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...
Noble Investment Group Announces Leadership Team for the New Aloft Charlotte Uptown
ATLANTA, July 25 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 the appointment of the team of hospitality professionals...
Arbor Realty Trust Schedules Second Quarter 2008 Earnings Date
UNIONDALE, N.Y., July 25 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...
Arbor Realty Trust Declares Second Quarter 2008 Dividend
UNIONDALE, N.Y., July 25 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...
Freddie Mac Monthly Volume Summary: June 2008
MCLEAN, Va., July 25 PRNewswire-FirstCall — The following is being issued by Freddie Mac (NYSE: FRE): June 2008 Highlights: — The aggregate unpaid principal balance (UPB) of our retained portfolio increased to $791.8 billion at June 30, 2008. — Total mortgage portfolio has...
Schumacher Homes Announces 'Real Time Design' Service
CANTON, Ohio, July 25 PRNewswire — Schumacher Homes . For more information, visit http://www.ereleases.com. SOURCE Schumacher Homes
Foreclosure Activity Up 14 Percent in Second Quarter According to RealtyTrac(R) U.S. Foreclosure Market Report
IRVINE, Calif., July 25 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...
GEO Announces the Sale of Its Participation in Hipotecaria Su Casita
MEXICO CITY, July 24 PRNewswire — Corporacion GEO S.A.B. de C.V. (BMV: GEOB / ADR Level I CUSIP: 21986V204 / Latibex: XGEO), GEO, one of Mexico's leading low-income housing developers, has announced the sale of its 6.94% stake in Hipotecaria Su Casita, subsequent to the offer made by...
Corporacion GEO Reports Industry Record Revenue and EBITDA Growth
MEXICO CITY, July 24 PRNewswire-FirstCall — Corporacion GEO S.A.B de C.V. (BMV: GEOB; CORPGEO MX, ADR Level I CUSIP: 21986V204; Latibex: XGEO) GEO, one of Mexico's leading low-income housing developers, today announced 2Q08 results. Year-on-year sales, EBITDA and net income rose...
News Advisory from the California Reinvestment Coalition
Short Documentary Shows Foreclosure Crisis Affects All SAN FRANCISCO, July 24 PRNewswire-USNewswire — The California Reinvestment Coalition released today a short documentary about the foreclosure crisis that continues to destroy the dreams of California families and threaten the...
SonomaWest Holdings, Inc. Announces Ex-Dividend Date for MetroPCS Communications, Inc. Dividends
DENVER, July 24 PRNewswire-FirstCall — SonomaWest Holdings, Inc. Sebastopol, CA (Pink Sheets: SWHI) was notified today by NASDAQ that the ex-dividend date will be August 19, 2008, for the previously announced dividend by the Company of 150,943 shares of MetroPCS Communications, Inc...
Fannie Mae and Freddie Mac: A Fall From Grace
CHICAGO, July 24 PRNewswire — "The recent collapse in the stock prices of Fannie Mae and Freddie Mac is just one in a series of blows to the stability of U.S. financial markets. The threat created by the failure of these two institutions, however, could be even greater than that posed...
Expesite Adds ExpesiteLite(TM) Architect & Engineer Edition to Its Project Management Suite
COLUMBUS, Ohio, July 24 PRNewswire — Expesite is delivering innovative solutions to industry markets with ExpesiteLite(TM). The first release of ExpesiteLite(TM) targets architects and engineers and provides firms with an out-of-the-box, web-based project management solution for...
Universal Health Realty Income Trust Reports 2008 Second Quarter Financial Results
KING OF PRUSSIA, Pa., July 24 PRNewswire-FirstCall — Universal Health Realty Income Trust (NYSE: UHT) announced today that for the quarter ended June 30, 2008, net income was $4.2 million, or $.35 per diluted share, as compared to $8.0 million, or $.67 per diluted share, during the same...
Taubman Centers Announces Second Quarter Results
- Solid Core: Sales, Rents and Occupancy Up - Strong Favorable Ruling on Oyster Bay - Quarter Impacted by Lower Lease Cancellation Income and Higher Predevelopment Costs BLOOMFIELD HILLS, Mich., July 24 PRNewswire-FirstCall Taubman Centers, Inc. (NYSE: TCO) today announced its financial...
MGIC Investment Announces Quarterly Dividend of $0.025 Per Share
MILWAUKEE, July 24 PRNewswire-FirstCall — MGIC Investment Corporation's (NYSE: MTG) Board of Directors today declared a quarterly cash dividend of $0.025 per share. The dividend is payable September 2, 2008, to shareholders of record on August 8, 2008. About MGIC MGIC , the principal...
MHI Hospitality Corporation Announces New Time for Second Quarter Earnings Conference Call and Webcast
WILLIAMSBURG, Va., July 24 PRNewswire-FirstCall — MHI Hospitality Corporation (Nasdaq: MDH) announced that the company will report financial results for the second quarter 2008 prior to the market opening on Wednesday, August 6, 2008, as previously announced. A conference call for...
PropertyPreviews.com Announces New 'Instant Connect' Feature for the Eye-Fi Wireless Memory Card and Photo Service
CHICAGO, July 24 PRNewswire — PropertyPreviews.com, a free video creation and distribution service for real estate professionals, announces its integration with Eye-Fi, Inc., makers of the world's first wireless memory card for digital cameras. Now photographers and real estate...
Building Safety Group Says Survivability Depends on Education
WASHINGTON, July 24 PRNewswire-USNewswire — Speaking in support of federal efforts to boost building safety after a devastating series of storms in 2004 and 2005, a home safety group today told a Congressional panel that getting better information to the public is critical to...
Florida's Existing Housing Market Shows Improving Conditions in June 2008
ORLANDO, Fla., July 24 PRNewswire — Many Florida Realtors(R) statewide noted positive movement in their local housing markets in June, with an upswing in the statewide median price reported for both existing home sales and condominium sales over May 2008, according to the latest housing...
Grubb & Ellis Company to Hold 2008 Second Quarter Earnings Conference Call on Aug 5
SANTA ANA, Calif., July 24 PRNewswire-FirstCall — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it will host a live webcast of its 2008 second quarter earnings conference call on Tuesday, Aug 5, at 11 a.m. Eastern...
Beacon Redevelopment Industrial Corporation Rejects an Unsolicited 5.5 Million Dollar Salvage Offer From a Salvage Contractor
NORTH HUNTINGDON, Pa., July 24 PRNewswire-FirstCall — Beacon Redevelopment Industrial Corporation (OTC: BCND) today announced it has rejected a 5.5 million dollar unsolicited salvage offer for its Westmoreland PA property. Instead, the company will put the demolition/recyclable...
NLC Applauds House for Passing Housing Reform Bill
WASHINGTON, July 24 PRNewswire-USNewswire — Statement by the president of the National League of Cities, Cynthia McCollum, Council Member, Madison, Alabama, on the passing of HR 3221, the American Housing Rescue and Foreclosure Prevention Act. The House passed the landmark federal...
Existing-Home Sales Down in June
WASHINGTON, July 24 PRNewswire-USNewswire — After gaining in May, existing-home sales declined in June with many potential buyers on the sidelines, according to the National Association of Realtors(R). Existing-home sales — including single-family, townhomes, condominiums and...
Real Estate Franchisor Chooses Microsoft Dynamics CRM to Integrate Specialized Applications and Track Three-Way Sales Cycle
REDMOND, Wash., July 24 PRNewswire-FirstCall — Microsoft Corp. today announced that HomeVestors of America Inc., recognized nationally for its slogan "We Buy Ugly Houses," has chosen Microsoft Dynamics CRM 4.0 to provide a common platform for all its corporate and franchisee...
RELM Posts First Quarter Financials
WILMINGTON, Del., July 24 PRNewswire-FirstCall — Relm Holdings Inc. (Pink Sheets: RELM) posted its first quarter ended March 31, 2008 financial information including both balance sheet and income statement, on http://www.pinksheets.com. This financial information reflects Relm...
Regus Inks Lease Deal to Open a New Center in the Cherry Creek Area of Denver
DENVER, July 24 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 the Cherry Creek North area of Denver...
Illinois Home Sales in June Up 3.6 Percent from Previous Month
Statewide Median Price at $200,000 SPRINGFIELD, Ill., July 24 PRNewswire-USNewswire — Illinois home sales picked up in June from May sales figures while the overall housing market remained strained by low consumer confidence and a troubled economy. According to the Illinois...
ProLogis Reports Second Quarter 2008 Results
TOKYO, July 24 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 quarter ended June 30, 2008, of $1.06 per diluted share, down from $1.16...
AMB Property Corporation(R) Acquires G. Accion, S.A. de C.V.
SAN FRANCISCO, July 24 PRNewswire-FirstCall — AMB Property Corporation(R) (NYSE: AMB), a leading global developer and owner of industrial real estate, today announced that, through an affiliate, it has acquired the remaining 42% of G. Accion, S.A. de C.V. ("G. Accion") that it had not...
43,000 Property Owners Face Auction of $127 million in Unpaid Taxes in August
Pay by August 1 to Avoid Penalties, Possible Loss of Homes, Pappas Says CHICAGO, July 24 PRNewswire-USNewswire — Some 43,000 property owners who owe about $127 million in delinquent taxes should pay by August 1 to avoid further financial penalties and having their taxes auctioned at...
America's Credit Unions Rescue American Homeowners...
LAS VEGAS, July 23 PRNewswire-USNewswire — For a number of reasons, mortgage bankers from many circles aren't getting much respect these days. In fact, mortgage brokers have joined the ranks of lawyers and dentists as some of the most dreaded professions. However, despite instability in...
First Industrial Realty Trust Reports Second Quarter 2008 Results
CHICAGO, July 23 PRNewswire-FirstCall — First Industrial Realty Trust, Inc. (NYSE: FR), a leading provider of industrial real estate supply chain solutions, today announced results for the quarter ended June 30, 2008. Diluted net income available to common stockholders per share (EPS...
Homex Second Quarter 2008 Erratum
CULIACAN, Mexico, July 23 PRNewswire-FirstCall — Desarrolladora Homex, S.A.B de C.V. (Homex or the Company) (NYSE: HXM) (BMV: HOMEX) informed that the number of square meters provided for land reserve on its Second Quarter 2008 press release should have been 71 million square meters...
Tubbs Jones Applauds Passage of Housing Package
WASHINGTON, July 23 PRNewswire-USNewswire — Today, Congresswoman Stephanie Tubbs Jones joined with her colleagues in supporting the most comprehensive response yet to the American mortgage crisis. The American Housing Rescue and Foreclosure Prevention Act will help families keep their...
Pelosi: 'Housing Bill Most Far-Reaching Reform of Our Nation's Federal Housing System in a Generation'
WASHINGTON, July 23 PRNewswire-USNewswire — Speaker Nancy Pelosi spoke on the House floor this afternoon in support of the American Housing Rescue and Foreclosure Prevention Act of 2008. The legislation passed by a vote of 272 to 152. Below are her remarks: "Mr. Rangel, Mr. Frank, Mr...
John C. Cushman III Named Co-Chairman of iCrete, LLC
LOS ANGELES, July 23 PRNewswire — iCrete, LLC, a company that is revolutionizing the construction industry with its concrete mix optimization technology system, announced today that John C. Cushman III, Chairman of global real estate services firm Cushman & Wakefield, Inc., has been...
Statement by Daniel H. Mudd
WASHINGTON, July 23 PRNewswire-FirstCall — The landmark housing legislation passed by the House today creates a strong regulator for the GSEs. Combined with the temporary ability of the U.S. Treasury, by mutual agreement, to invest in GSE securities, the legislation should reinforce...
Realtors(R) Hail Housing Bill
WASHINGTON, July 23 PRNewswire-USNewswire — Today's passage of The Housing and Economic Recovery Act of 2008 by the House of Representatives will help bring stability to the housing market and stem the rising rate of foreclosures, according to the National Association of Realtors(R...
SBA Urges Applicants to Apply Now for Physical Disaster Loans
ATLANTA, July 23 PRNewswire-USNewswire - The U.S. Small Business Administration is reminding homeowners, renters, businesses and non-profit organizations in eligible Illinois counties that one month remains to submit disaster loan applications for damage caused by severe storms and...
Consumers Rights League Statement on Housing Bill: Taxpayer Protections, Accountability Needed
WASHINGTON, July 23 PRNewswire-USNewswire — James Terry, Chief Public Advocate for the Consumers Rights League (CRL), released the following statement today expressing disappointment with the White House for dropping its opposition to the massive housing bill that will likely pass the...
National Urban League Congratulates the Congressional Black Caucus for Its Heroic Efforts to Expand Housing Counseling Services in the 'American Housing Rescue and Foreclosure Prevention Act of 2008'
NEW YORK, July 23 PRNewswire-USNewswire — Marc Morial, President and CEO of the National Urban League, today applauded Congress, and the Congressional Black Caucus in particular, for providing resources in legislation to address the severe housing crisis that disproportionately...
Foreclosure.com Owner to Acquire Property.com
BOCA RATON, Fla., July 23 PRNewswire — Foreclosure.com Founder, President and CEO, Brad Geisen, announced today that he has reached an agreement with "Domain King" Rick Schwartz to acquire the domain name "Property.com," paving the way for his entry into a new market. With...
Glimcher Reports Second Quarter 2008 Results
COLUMBUS, Ohio, July 23 PRNewswire-FirstCall — Glimcher Realty Trust, (NYSE: GRT), today announced financial results for the second quarter ended June 30, 2008. A description and reconciliation of non-GAAP financial metrics is contained in a later section of this press release and...
EastGroup Properties Announces Second Quarter 2008 Results
JACKSON, Miss., July 23 PRNewswire-FirstCall — EastGroup Properties, Inc. (NYSE: EGP) announced today the results of its operations for the three and six months ended June 30, 2008. David H. Hoster II, President and CEO, stated, "We are pleased to report that EastGroup's funds from...
Award-Winning Merrill Corporation Enhances Litigation Case Management Solution
ST. PAUL, Minn., July 23 PRNewswire — Merrill Corporation, a leading global provider of technology-enabled services for the financial, health care, real estate, legal and other corporate markets, today announced the release of Merrill Lextranet(TM) 5.6, the most robust edition of its...
Grubb & Ellis Realty Investors Sells Great Oaks Center in Alpharetta, Ga.
SANTA ANA, Calif., July 23 PRNewswire-FirstCall — Grubb & Ellis Realty Investors, LLC today announced the disposition of Great Oaks Center in the Atlanta suburb of Alpharetta on behalf of tenant-in-common investors. Great Oaks Center is a four building, single-story business park...
Fidelity National Financial, Inc. Announces Quarterly Cash Dividend of $0.30
JACKSONVILLE, Fla., July 23 PRNewswire-FirstCall — Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance, specialty insurance, claims management services and information services, today announced that its Board of Directors has declared a quarterly cash...
Fidelity National Financial, Inc. Reports Second Quarter 2008 EPS of $0.03
JACKSONVILLE, Fla., July 23 PRNewswire-FirstCall — Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance, specialty insurance, claims management services and information services, today reported operating results for the three-month and six-month periods...
Latin American Labor Council Backs Downpayment Assistance
AFL-CIO affiliate stands up for working families as Congress debates downpayment assistance GAITHERSBURG, Md., July 23 PRNewswire-USNewswire — Ann Ashburn, President of AmeriDream, Inc., today praised the Labor Council for Latin American Advancement (LCLAA) for urging Congress to...
Monmouth Real Estate Investment Corporation Announces Sale of Ramsey, New Jersey, Property
FREEHOLD, N.J., July 23 PRNewswire-FirstCall — Monmouth Real Estate Investment Corporation (Nasdaq: MNRTA) (the "Company") announced the sale on July 22, 2008, of its 44,719 square foot industrial property located at 565 East Crescent Avenue, Ramsey, New Jersey, to HSM Acquisition...
Cedar Shopping Centers Declares Dividends on Common and Preferred Stock
PORT WASHINGTON, N.Y., July 23 PRNewswire-FirstCall — Cedar Shopping Centers, Inc. (NYSE: CDR) today announced that its Board of Directors has approved the payment of a dividend of $0.225 per share on the Company's Common Stock, payable on August 20, 2008 to shareholders of record as of...
Blunt: Democrats Push Flawed Housing Legislation, Block Republican Attempts to Protect Taxpayers
WASHINGTON, July 23 PRNewswire-USNewswire — House Republican Whip Roy Blunt today released the following statement in opposition to the House Democrats plans to force through their housing bill, blocking attempts by Republicans to improve the legislation: "You'd think a bill that...
Sixteen to Go Green
CLEVELAND, July 23 PRNewswire — Ohio's green building boom is about to make more noise. Sixteen affordable housing developers will receive funding for 'greening' up the homes they provide to low-income people and families. The Ohio Green Communities initiative — a collaborative of...
Award-Winning Chelsea Modern Draws International Crowd
NEW YORK, July 23 PRNewswire — In the heart of Chelsea, at 447 West 18th Street, Chelsea Modern, is ready to welcome its new residents. In a neighborhood where prominent contemporary art galleries meet an emerging residential hotspot, Chelsea Modern has become one of the area's most...
Consolidated-Tomoka Land Co. Declares Dividend
DAYTONA BEACH, Fla., July 23 PRNewswire-FirstCall — At its regular Board of Directors meeting on July 23, 2008, Consolidated-Tomoka Land Co. (AMEX: CTO) declared a dividend of $.10 per share payable on August 27, 2008, to shareholders of record on August 7, 2008. Consolidated-Tomoka...
Industry Powerhouses Form Strategic Alliance to Reduce Foreclosures and Provide Distressed Homeowners Much-Needed Relief
BOCA RATON, Fla., July 23 PRNewswire — Foreclosure.com today announced that it has entered into a first-of-its-kind partnership with Lenders Clearing House and First Universal Lending, creating a dynamic collaboration that will purchase, market and auction high volumes of distressed...
Blunt on NRO: Protective Measures, Looking at the Big Housing Picture
WASHINGTON, July 23 PRNewswire-USNewswire — The following is by House Republican Whip Roy Blunt: There's nothing like the suggestion of a crisis to give Congress an excuse to rush through far-reaching and risky legislation — whether the legislation actually addresses said...
DBSI Announces a New Retail Development in Lexington, South Carolina
BOISE, Idaho, July 23 PRNewswire — DBSI is pleased to announce the groundbreaking of The Shoppes at Lexington, a new 7,300 square-foot Class A retail center development in Lexington, South Carolina. The Property is located on Sunset Boulevard/Highway 378, the primary East-West retail...
Wells Fargo Tower in Austin, Texas Acquired by AFIAA
ZURICH, Switzerland, July 23 PRNewswire — AFIAA, a Zurich-based foundation investing in international real estate, has added another US asset to its global portfolio with the acquisition of the Wells Fargo Tower in Austin, Texas on July 8. The Wells Fargo Tower has 280,000 sf of...
New York Mortgage Trust 2008 Second Quarter Conference Call Scheduled for Tuesday August 5, 2008
NEW YORK, July 23 PRNewswire-FirstCall — New York Mortgage Trust, Inc. (Nasdaq: NYMT) is scheduled to report financial results for the second quarter ended June 30, 2008 after the close of market on Monday, August 4, 2008. New York Mortgage Trust's executive management will host a...
New Home Shoppers Offered Price Drop Alerts
BEVERLY HILLS, Calif., July 23 PRNewswire — Incentive Real Estate, Inc. today announced the launch of its exclusive PriceDropAlerts(TM) service for potential buyers of new construction homes in Maryland and California. PriceDropAlerts(TM) are delivered to a homebuyer's mobile phone...
Freddie Mac to Issue Second Quarter 2008 Financial Results on August 6, 2008
MCLEAN, Va., July 23 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) announced today that the company will release its second quarter 2008 financial results before the NYSE market open on Wednesday, August 6, 2008. The company will hold a conference call at 10 a.m. Eastern Time on...
Sun Communities, Inc. Announces Date for Second Quarter 2008 Earnings Release and Conference Call
SOUTHFIELD, Mich., July 23 PRNewswire-FirstCall — Sun Communities, Inc. (NYSE: SUI), a real estate investment trust (REIT) that owns and operates manufactured housing communities, announces the date for its second quarter 2008 earnings results release and conference call. The Company...
Launch of PropertyPreviews.com Provides Free Real Estate Video Creation and Distribution Services
CHICAGO, July 23 PRNewswire — PropertyPreviews.com today announced the launch of its new Web site, which provides real estate professionals, photographers and home sellers with free and easy-to-use technology to instantly create engaging real estate video tours. In addition, the site...
Jones Lang LaSalle Elects Roger T. Staubach to its Board of Directors
CHICAGO, July 23 PRNewswire-FirstCall — Jones Lang LaSalle Incorporated (NYSE: JLL) today announced that Roger T. Staubach has been elected as a member of its Board of Directors. Mr. Staubach is the Executive Chairman of the firm's Americas region. He assumed that role on July 11...
K2C Real Estate Solutions Invites Realtors(R) to Attend Realtor Day With Extreme Makeover: Home Edition
CHARLOTTE, N.C., July 23 PRNewswire — K2C Real Estate Solutions, who will be taking on multiple roles assisting ABC's Extreme Makeover: Home Edition during their Charlotte broadcast, invites Charlotte area Realtors(R) to attend a Realtor Day on Thursday, July 31 from 10am to 7pm on site...
Fannie Mae Redemption
WASHINGTON, July 23 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amount indicated for the following securities issue on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest...
J.D. Power and Associates Reports: Among Home Buyers, Keller Williams Ranks Highest in Customer Satisfaction With Real Estate Companies, While Prudential Ranks Highest Among Home Sellers in Inaugural Study
WESTLAKE VILLAGE, Calif., July 23 PRNewswire — Keller Williams ranks highest among real estate companies in satisfying home buyers, while Prudential ranks highest in satisfying home sellers, according to the J.D. Power and Associates 2008 Home Buyer/Seller Study(SM) released today...
CCID Consulting Analyzes a Way Out for Pearl River Delta from Entering into 'Industrial Hollow'
BEIJING, July 23 Xinhua-PRNewswire — CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently released an article on the industrial transformation in...
Interstate Hotels & Resorts to Hold Second-Quarter 2008 Earnings Call on August 6
ARLINGTON, Va., July 23 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 the company will release second-quarter 2008 financial...
Detroit Housing Developer Calls on Rep. Kilpatrick to Advocate Changes in the National Housing Bill so It Does More for Working Families
Flawed Legislation Would Increase Down Payments for FHA loans, Ban Gifts for Low Income Buyers DETROIT, July 23 PRNewswire-USNewswire — A Detroit housing developer is urging Rep. Carolyn Cheeks Kilpatrick, the chair of the Congressional Black Caucus (CBC), to revisit the housing bill...
Philip Dunne Joins ProLogis as Chief Operating Officer of Europe and the Middle East
DENVER, July 23 PRNewswire-FirstCall — ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that Philip Dunne has joined the company as Chief Operating Officer, Europe and the Middle East, a new role within the company. Mr...
LFC Group of Companies Launches Online Auction of More than 7,000 Acres of Land
NEWPORT BEACH, Calif., July 23 PRNewswire — The LFC Group of Companies, the nation's premier online real estate auction marketing firm, is proud to announce the launch of a new land auction on its commercial auction website, http://www.LFC.com. Featuring land that once served as tree...
Boston Properties, Inc. Announces Second Quarter 2008 Results
BOSTON, July 22 PRNewswire-FirstCall — Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, reported results today for the second quarter ended June 30, 2008. Funds from Operations (FFO) for the quarter ended June 30, 2008 were $145.0 million, or $1.21 per share basic...
Standard & Poor's Assigns Tecnisa S.A. a Rating of 'brA-' with a Stable Outlook
SAO PAULO, Brazil, July 22 PRNewswire-FirstCall — Tecnisa S.A. (BOVESPA: TCSA3), one of the largest residential developers in Brazil, operating with an integrated business model that includes development, construction and sales operations, hereby informs the market that today Standard...
Westcore Sells Building in Austria for $39.2 Million
SAN DIEGO, July 22 PRNewswire — San Diego-based Westcore Properties, which opened a European office in Lausanne, Switzerland, in November 2006, has sold a 125,000-square-foot office building in Austria for $39.2 million (euro 24.5 million). The buyer of the six-story, class-"A" building...
FAR Launches 'Give Me 5 for Florida's Future' to Support Amendment 5
TALLAHASSEE, Fla., July 22 PRNewswire-USNewswire — With the bipartisan support of State Reps. Frank Attkisson (R-Kissimmee) and Darryl Rouson (D-St. Petersburg), the Florida Association of Realtors(R) (FAR) today launched its "Give Me 5 for Florida's Future" grassroots campaign...
DiamondRock Hospitality Company Reports Second Quarter Results
BETHESDA, Md., July 22 PRNewswire-FirstCall — DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced results of operations for its second fiscal quarter 2008, which ended on June 13, 2008. The Company is a lodging focused real estate investment trust that owns...
NorthStar Realty Finance Announces Second Quarter Dividend
NEW YORK, July 22 PRNewswire-FirstCall — NorthStar Realty Finance Corp. (NYSE: NRF) today announced that its Board of Directors has declared a cash dividend of $0.36 per share of common stock, payable with respect to the quarter ended June 30, 2008. The dividend is expected to be...
NorthStar Realty Finance Declares Quarterly Dividend on Series A and Series B Preferred Shares
NEW YORK, July 22 PRNewswire-FirstCall — NorthStar Realty Finance Corp. (NYSE: NRF) today announced that its Board of Directors has declared a cash dividend of $0.54688 per share of Series A preferred stock, payable on August 15, 2008 to shareholders of record on August 5, 2008, and a...
FSU President Joins Ranks of Older Adults Planning for the Future
TALLAHASSEE, Fla., July 22 PRNewswire — As president of Florida State University (FSU), T.K. Wetherell leads the charge for tens of thousands of students looking to the future with their education and careers. Wetherell is now integral in helping another generation set the course for...
MC Companies Raises Equity and Performs on Two Multi-Family Purchase Contracts in 45-Day Period
SCOTTSDALE, Ariz., July 22 PRNewswire — MC Companies, a real estate investment and development company announced the completion of two back-to-back multi-family acquisitions adding 563 units to the company's portfolio. Cooper's Hill located in Austin, Texas closed July 17, 2008 and Bay...
Palm Beach County Board of County Commissioners Approves Grant Agreement for Max Planck Florida Institute
WEST PALM BEACH, Fla., July 22 PRNewswire — Following unanimous approval by the seven members of the Palm Beach County Board of County Commissioners, for the first time in its 60-year history Germany's Max Planck Society has established an Institute in the United States. The County...
Pinnacle, An American Management Services Company, Names New President
SEATTLE, July 22 PRNewswire — Pinnacle President and CEO Stan Harrelson has named Rick Graf his successor as president of the nation's largest third-party fee manager of multifamily housing. Graf, who will assume the role of president September 1, is currently Pinnacle's Central region...
Paramito Global Holdings Announces Investment Activities
LAS VEGAS, July 22 PRNewswire — Paramito Global Holdings, Inc. (PGH), the parent company for PGH-Canada, Ltd., Paramito Asset Management, LLC, Paramito Pictures, LLC and Affinity Financial Services, LLC (AFS), all hold investment opportunities to reflect the current market &mdash...
ComScore Report Shows That LoopNet's Commanding Lead Among Online Commercial Real Estate Websites Continues to Expand
SAN FRANCISCO, July 22 PRNewswire-FirstCall — LoopNet, Inc. (Nasdaq: LOOP), which operates the largest online commercial real estate marketplace with more than 2.75 million registered members, has increased its leadership position as the most heavily trafficked commercial real estate...
Weiland, Golden, Smiley, Wang Ekvall & Strok LLP - Costa Mesa Lawyers Write Bankruptcy for Businesses Book, and It's Needed More Than Ever!
COSTA MESA, Calif., July 22 PRNewswire — With real estate-related bankruptcy filings reaching record numbers, businesses have turned to the largest specialty bankruptcy firm in Orange County, Costa Mesa-based Weiland, Golden, Smiley, Wang Ekvall & Strok LLP, and the firm is the...
FDIC Chairman to Hold Panel Discussion on Consumer Protections and Financial Education
San Francisco Community Leaders to Participate SAN FRANCISCO, July 22 PRNewswire-USNewswire — Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair today will address San Francisco-area leaders and community members in honor of the FDIC's 75th anniversary. Following her...
For Downpayment Assistance Supporters, There Is Still Time to Make a Difference
GAITHERSBURG, Md., July 22 PRNewswire-USNewswire — Ann Ashburn, President of AmeriDream, Inc., today issued the following statement about congressional negotiations over the future of downpayment assistance funded in part by sellers. Congress will decide this week whether to preserve...
PMI Introduces Integrated Rate Quote and Payment Comparison Tool
WALNUT CREEK, Calif., July 22 PRNewswire — PMI Mortgage Insurance Co., the primary subsidiary of The PMI Group, Inc. (NYSE: PMI), today introduced the next generation web-based tool that allows users to obtain rate quotes and compare multiple mortgage insurance payment plans in one...
Sales at Extell Development Co. Skyrocket
NEW YORK, July 22 PRNewswire — Defying market expectations, Extell Development Company is experiencing tremendous sales activity in its residential sector. According to Gary Barnett, President of Extell Development Co., "First and second quarter 2008 sales of Extell residential...
Standard & Poor's Announces April Results of the S&P/GRA Commercial Real Estate Indices (SPCREX(TM))
NEW YORK, July 22 PRNewswire — Standard & Poor's today announced the April results for the S&P/GRA Commercial Real Estate Indices. Nationally, commercial real estate prices are up +3.1% versus April 2007. The indices measure the change in commercial real estate prices by...
Grubb & Ellis Company Names James Jones Executive Vice President Operations
SANTA ANA, Calif., July 22 PRNewswire-FirstCall — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that James Jones will join the Company effective July 28 as Executive Vice President Operations. He joins Grubb & Ellis...
Complacent Connecticut Renters Uninsured and at Risk
HARTFORD, Conn., July 22 PRNewswire-FirstCall — As the number of Americans renting homes dramatically increases with the current housing foreclosure crisis, a new survey released today by Allstate finds most Connecticut renters are inadequately prepared to protect their belongings...
Free Homeownership Preservation Workshops to Help Hundreds of New Jersey Residents Avoid Foreclosure
NeighborWorks(R) America, HOPE NOW, Senator Robert Menendez, Governor Jon Corzine, Essex County Executive Joseph DiVencenzo, and Newark Mayor Cory Booker join together to sponsor Home Preservation Workshops NEWARK, N.J. and MOUNT LAUREL, N.J., July 22 PRNewswire-USNewswire — New...
Pure Industrial Real Estate Trust Announces July Distribution
VANCOUVER, July 22 PRNewswire-FirstCall - Pure Industrial Real Estate Trust ("PIRET") (TSXV: AAR.UN) is pleased to announce that its Board of Trustees has approved a cash distribution of $0.025 per trust unit for the period from July 1, 2008 to July 31, 2008 (equivalent to $0.30 per trust...
Kennedy Funding Closes $11.5 Million Loan to National Retail Development Partners
SCOTTSDALE, Ariz., July 22 PRNewswire — Hackensack, New Jersey-based Kennedy Funding, Inc., the direct lending company with a record of closing transactions expediently, announces an $11.5 loan to National Retail Development Partners (NRDP AZV, LLC) for site development and construction...
Photos: Harborview Place Offers Rare In-Town Waterfront Residences on Nantucket
NANTUCKET, Mass., July 22 PRNewswire — Harborview Place proudly announces the opening of its first two residences, presenting a new option for travelers looking to own a share of previously unattainable luxury in highly-desirable Nantucket. With eight more planned waterfront vacation...
With Renters on the Rise, Americans Face Increasing Risk for Property Loss
NORTHBROOK, Ill., July 22 PRNewswire-FirstCall — As the number of Americans renting homes increases with the current housing foreclosure crisis, a new survey released today by Allstate finds most renters are inadequately prepared to protect their belongings. While homeowners coverage is...
Fannie Mae Redemption
WASHINGTON, July 22 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amount indicated for the following securities issue on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest...
NVR, Inc. Announces Second Quarter Results
RESTON, Va., July 22 PRNewswire-FirstCall — NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced that diluted earnings per share for its second quarter ended June 30, 2008 decreased 39% and net income decreased 43% when compared to...
Consumers Can Now Reserve Apartments Online Using Their Mobile Devices
SCOTTSDALE, Ariz., July 22 PRNewswire — Realty DataTrust, makers of the VaultWare(TM) online check availability and reservation system, today announced a new Mobile Apartment Reservation System (MARS) that can provide apartment searchers with the ability to check apartment...
Lender Processing Services, Inc. Acquires McDash Analytics
JACKSONVILLE, Fla., July 22 PRNewswire-FirstCall — Lender Processing Services, Inc. (NYSE: LPS), recently spun off from Fidelity National Information Services, Inc., today announced the acquisition of McDash Analytics, which provides access to the industry's largest loan-level...
National Real Estate Investment Club (NREI Club) and Lux5 Present The Luxury Lifestyle Conference and Showcase in San Jose, CA
PLEASANTON, Calif., July 22 PRNewswire — The National Real Estate Investment and Lux5 Events present The Luxury Lifestyle Conference on July 25th, 2008, 10am-11pm, at The San Jose Marriott, and Showcase on July 26th, 2008, 1pm-8pm, at the San Jose Convention Center in San Jose...
As Companies Become More Global, Should They Hire Talent Locally or Transfer Employees Globally?
OAK BROOK, Ill. and LONDON, July 22 PRNewswire — As they continue to increase their global presence, the world's pharmaceutical companies find themselves wrestling with a multitude of challenges — from deciding whether to find local talent versus transferring employees...
Zillow.com(R) Substantially Expands For-Sale Listings
SEATTLE, July 22 PRNewswire — Leading real estate Web site Zillow.com today announced a broad expansion in the number of for-sale listings on the site, bringing the total number of live listings to nearly three million today. Consumers visiting Zillow have seen a sixfold increase in...
LendingTree Names New Lender Sales Team
CHARLOTTE, N.C., July 22 PRNewswire — Today, LendingTree introduces a new national lender sales team that includes industry veterans from companies such as National City Mortgage, Morgan Stanley and Goldman Sachs. The new team is divided into five geographical regions covering the...
ProLogis Leases 540,000 Square Feet to JVC America, Inc. in Atlanta
ATLANTA, July 22 PRNewswire-FirstCall — ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that it has leased 540,000 square feet in Atlanta, Georgia to JVC America, Inc., a leading manufacturer of home, mobile and...
Building Management Systems in the Middle East a Growth Market
ABU DHABI, United Arab Emirates, July 22 PRNewswire — Boosted by the boom in commercial, retail and residential sectors and a strong demand for total facilities management (TFM), the regional market for bundled and total facilities management in the Middle East is expected to grow at...
RealSeekr.com Climbs to Over 2.5 Million Searchable Property Listings and Partners With RealEstateShows.com and MLBroadcast.com
BOCA RATON, Fla., July 22 PRNewswire — RealSeekr.com revs up its searchable property listings to over 2.5 million, as it continues on a path of becoming the largest online real estate search destination in North America. In the 8 weeks since launch, 32 new markets have been added to the...
Three Shows to Target Billion Dollar Middle East Markets
ABU DHABI, United Arab Emirates, July 22 PRNewswire — Global exhibition organisers and foundation partners with ADNEC, CMPi UAE has announced the launch of two new major exhibitions: Fit Out Middle East and Gulf Landscaping. These events will take place simultaneously with Working...
Versace to Design Interior Renovation of the Famous Clock Tower Building in New York City
NEW YORK, July 22 PRNewswire — On July 17th, 2008 Africa Israel, through its wholly owned subsidiaries, entered into an agreement with Versace for the interior design of 55 residential apartments, common areas, a spa and a restaurant in Africa Israel's landmark building known as The...
Bebo Founder Michael Birch Joins MyStore.com
DALLAS, July 21 PRNewswire — Today MyStore.com confirmed Michael Birch, who just sold his company Bebo to AOL, has joined the group of private investors including Gordon Crawford (Capital Research & Management) and Julian Lennon (son of the late John Lennon) behind yourStore, LLC...
Liberty Property Trust Announces Second Quarter Results
MALVERN, Pa., July 21 PRNewswire-FirstCall — Liberty Property Trust (NYSE: LRY) reported that net income per common share (diluted) was $0.34 per share for the quarter ended June 30, 2008, compared to $0.57 per share (diluted) for the quarter ended June 30, 2007. For the six-month...
Healthcare Realty Trust Announces Second Quarter Earnings Release Date and Conference Call
NASHVILLE, Tenn., July 21 PRNewswire-FirstCall — Healthcare Realty Trust Incorporated (NYSE: HR) today announced that on Monday evening, August 4, 2008, after the market closes, it will report results for the second quarter of 2008. On August 5, 2008, at 9:00 a.m. Central Time...
A New Generation of Funding for Affordable Housing: A City Led Collaborative Launches $100 Million Development Tool
LOS ANGELES, July 21 PRNewswire — Los Angeles Mayor Antonio Villaraigosa and Doris Koo, president and CEO of Enterprise Community Partners, today announced the first multimillion dollar financing tool for the creation and preservation of affordable housing in Los Angeles. The New...
Sheshunoff Partners with Ardmore Banking to Market CRE Reporting Solution
AUSTIN, Texas, July 21 PRNewswire — Sheshunoff Consulting+Technology (SC+T), a leader in consulting services and proprietary technology solutions for the banking industry, today announced that it has partnered with Ardmore Banking Advisors, Inc. to market CREInsight(TM). Ardmore &mdash...
NRHA Receives $13 Million SPARC Grant
NORFOLK, Va., July 21 PRNewswire-USNewswire — Norfolk Redevelopment and Housing Authority (NRHA) will receive funding for first-time low- to moderate-income and market rate homebuyers. The Virginia Housing Development Authority (VHDA) has announced that $13.2 million in funds, the...
CMSA Opposes SEC Proposed Rule on Ratings Differentiation
Trade Group Urges the Adoption of New Transparency Supported by Investors NEW YORK, July 21 PRNewswire — The Commercial Mortgage Securities Association (CMSA) filed comments today to the U.S. Securities & Exchange Commission (SEC) on a proposed rulemaking that would require...
Permian Basin Royalty Trust Announces July Cash Distribution
DALLAS, July 21 PRNewswire-FirstCall — U.S. Trust, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), today declared a cash distribution to the holders of its units of beneficial interest of $.234609 per unit, payable on August 14, 2008, to unit holders of record on July 31...
Geeks On Call(R) Joins the Long & Foster(R) Companies' Network of Home Service Providers
NORFOLK, Va., July 21 PRNewswire-FirstCall — Geeks On Call Holdings, Inc. (OTC Bulletin Board: GOCH), a premier national provider of professional IT solutions to small business and residential customers through its national network of franchise and Company-owned locations under the...
Holiday Builders Extends 3.25% Rate Offer Through End of July
MELBOURNE, Fla., July 21 PRNewswire — Holiday Builders, an award-winning homebuilder celebrating 25 years of quality building, today announced that it is extending its 3.25 percent rate offer on homes ready for move-in. In partnership with Shelter Mortgage, Holiday Builders will...
Victims of 'Real Estate Catch-22' Offset Mortgage Costs as First-Time Landlords
LAS VEGAS, July 21 PRNewswire — Today many Americans, faced with layoffs, a lagging economy and sharply increasing gas prices, are relocating in search of new employment opportunities. While many may get a steal of a deal on a new home in light of today's real estate crisis, the...
Clayton Named Lead Consultant on New Saudi Arabian Mortgage Bank
SHELTON, Conn., July 21 PRNewswire-FirstCall — Clayton Holdings, Inc., a leading due diligence, surveillance, and specialty consulting provider, announced today that the company has been engaged as the lead consultant in the formation of the Real Estate Financing Company (REFC), a new...
Deerfield Capital Corp. Acquires CDO Management Contract
CHICAGO, July 21 PRNewswire-FirstCall — Deerfield Capital Corp. (NYSE: DFR) today announced the acquisition of the management contract for Robeco CDO II Limited, a collateralized debt obligation (CDO) previously managed by Robeco Investment Management, Inc. The CDO is collateralized...
Reminder: 100 Year Old Commerce Building in Downtown St. Paul Redeveloped Into 100 Work-Force Homes
ST. PAUL, Minn., July 21 PRNewswire — WHAT: CommonBond Communities and Commerce Partners, LLC, owned by the Rutzick Family in partnership with Minnesota Housing and the city of St. Paul, announce the historic preservation and redevelopment of The Commerce Building in downtown St. Paul...
Standard Pacific Corp. Provides Notice of Terms of Transferable Rights Offering to Stockholders
IRVINE, Calif., July 21 PRNewswire-FirstCall — Standard Pacific Corp. (NYSE: SPF) today announced the terms of its previously announced transferable rights offering of common stock. The Company will issue transferable subscription rights to purchase approximately 50,000,000 shares of...
National Association of Area Agencies on Aging Rolls out Nationwide Senior Housing Resource During Annual Meeting in Nashville
n4a Senior Housing Locator specially designed to help older Americans find housing across state lines NASHVILLE, Tenn., July 21 PRNewswire-USNewswire — For more than 50 million family caregivers across the country, the Internet is becoming a first-line resource for needed support...
Fidelity National Financial, Inc. Announces Opening of Fidelity National Title de Mexico S.A. de C.V.
JACKSONVILLE, Fla., July 21 PRNewswire-FirstCall — Fidelity National Financial, Inc. (NYSE: FNF), a leading provider of title insurance, specialty insurance, claims management services and information services, today announced the opening of its title insurance operation in Mexico...
A New Way to Make Vacant Homes Look Occupied
EDEN PRAIRIE, Minn., July 21 PRNewswire — The housing market correction has left more than 2 millions homes vacant, making them prime targets for burglars and vandals. But now, an inexpensive new burglar deterrent device called "FakeTV" gives property owners a new and convincing way to...
Acquired Mortgage Companies Increase as Failures Decline
DALLAS, July 21 PRNewswire — Mortgage-related company failures have fallen as the number of acquisitions has grown, according to data tracked at http://www.MortgageGraveyard.com, a journal of failed, ailing and acquired lenders. During the second quarter, 16 companies or operating units...
ProLogis Leases 252,000 Square Feet to Schenker in Central France
PARIS, July 21 PRNewswire-FirstCall — ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that it has leased 252,000 square feet (23,400 square meters) of modern distribution space in central France to Schenker S.A., a...
Transforming a Vacant Block to a $34.5 Million Economic Engine: Habitat for Humanity - New York City & HR&A Advisors Calculate Benefits of Affordable Housing
BROOKLYN, N.Y., July 21 PRNewswire — A long-dormant block on Atlantic Avenue in Ocean Hill-Brownsville, Brooklyn, will generate almost $34.5 million in economic stimulus, thanks to the affordable condominiums that Habitat for Humanity - New York City is building on the site. Every...
Nelson Brothers Real Estate Purchases Multi-Tenant Retail Center in Arizona for Tenant-In-Common (TIC) Investors
ALISO VIEJO, Calif. and GOODYEAR, Ariz., July 18 PRNewswire — Nelson Brothers Professional Real Estate, LLC (Nelson Bros.), a Southern California based real estate investment company, has officially closed on their first TIC transaction with Palm Valley La Piazza Retail Center which was...
Apartment Investment and Management Company Announces Special Dividend
DENVER, July 18 PRNewswire-FirstCall — Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that its Board of Directors has declared a special dividend payable to holders of its Class A Common Stock of $3.00 per share, or approximately $256 million in the...
Standard Pacific Corp. Schedules 2008 Second Quarter Results Conference Call and Webcast
IRVINE, Calif., July 18 PRNewswire-FirstCall — Standard Pacific Corp. (NYSE: SPF) will release its 2008 second quarter results on Wednesday, July 30, 2008 after the closing of the NYSE. In conjunction with the earnings release, the Company will host a conference call and broadcast a...
NACA Efforts Help Homeowners Avert Foreclosures
5,000 Homeowners Meet July 19 WASHINGTON, July 18 PRNewswire-USNewswire — The following was issued today by the Neighborhood Assistance Corporation of America: "Wall Street made billions off the backs of homeowners. But when the mortgage crisis blew up, a pit bull named Bruce Marks...
Preferred Bank Announces Cash Dividend of $0.10 Per Common Share
LOS ANGELES, July 18 PRNewswire-FirstCall — Preferred Bank (Nasdaq: PFBC), today announced that at a meeting held on July 15, 2008, its Board of Directors declared a quarterly cash dividend of $0.10 per common share payable on August 19, 2008 to shareholders of record on August 5, 2008...
Baylor University Study Shows Depressed Housing Market Demands Change in Lead Generation Techniques
WACO, Texas, July 18 PRNewswire-USNewswire — A down housing market calls on real estate agents to change their tactics, according to Dr. Chris Pullig, Director of the Keller Center for Residential Real Estate Sales & Marketing at Baylor University's Hankamer School of Business...
Auction of Over 200 Dallas and Houston Foreclosures Gives Buyers Chance to Purchase Homes at Discounted Prices
Valued from $11,000 to $600,000, the Homes Will Be Auctioned by Hudson & Marshall on July 26th in Dallas and July 27th in Houston DALLAS, July 18 PRNewswire-USNewswire — In a beleaguered housing market, where property values continue to drop, now is a great time to buy a home and...
FORE Begins Construction on Luxury Apartments in Sparks
LAS VEGAS, July 18 PRNewswire — Fore Property Company (FORE) announces the start of construction on a 300-unit luxury apartment community in Sparks, Nevada. Located in the Spanish Springs area of Sparks, FORE's newest luxury apartments will be built on a 20 acre parcel in the Pioneer...
Here Come the Judges: Who Will Win FAR's $5,000 State Scholarship Awards?
ORLANDO, Fla., July 18 PRNewswire — Winning another $5,000 in scholarship awards from the Florida Association of Realtors(R) (FAR) can pay for a lot of college tuition fees and textbooks. That's the good news three recent Florida high school graduates are waiting to hear — an...
Freddie Mac Becomes an SEC Registrant
MCLEAN, Va., July 18 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) announced today that it has become a registrant with the United States Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934. In connection with the registration process, Freddie Mac...
Statement of The U.S. Conference of Mayors President
MIAMI MAYOR MANNY DIAZ WARNS PRESIDENT BUSH NOT TO VETO HOUSING FORECLOSURE BILL MIAMI, July 18 PRNewswire-USNewswire — "This year 2.2 million families will lose their homes to foreclosure. Beyond the devastating effect of these losses on American families, foreclosures mean blight...
A.J. Wright Opens New Store in Baltimore
BALTIMORE, July 18 PRNewswire — A.J. Wright, a leading off-price clothing store that offers quality, well-known brands at great prices, is Mondawmin Mall's newest resident. Beginning Thursday, August 7, 2008, A.J. Wright will open its doors at 2010 Gwynn Falls Parkway, Baltimore, Md...
100 Year Old Commerce Building in Downtown St. Paul Redeveloped Into 100 Work-Force Homes
ST. PAUL, Minn., July 18 PRNewswire — WHAT: CommonBond Communities and Commerce Partners, LLC, owned by the Rutzick Family in partnership with Minnesota Housing and the city of St. Paul, announce the historic preservation and redevelopment of The Commerce Building in downtown St. Paul...
Major Rockingham, Caswell & Pittsylvania Counties Real Estate Auction
ROCKINGHAM, N.C., July 18 PRNewswire — It was announced today that Iron Horse Auction Company, Inc. of Rockingham, NC will sell approximately 1,113 Acres of land at Absolute Public Auction. The properties are located in Reidsville, Eden & Ruffin in Rockingham County with other...
Michigan Housing Authority Launches New Cable Show
'House Michigan!' Addresses Homeownership, Affordable Housing, Ending Homelessness and Vibrant Cities and Neighborhoods LANSING, Mich., July 18 PRNewswire-USNewswire — House Michigan!, a new cable show designed specifically for Michigan residents, will air on cable stations statewide...
Fannie Mae Redemption
WASHINGTON, July 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...
Zillow.com(R) Announces Broker Advisory Board; Appoints Influential Real Estate Industry Leaders
SEATTLE, July 18 PRNewswire — Zillow.com today announced the formation of a Broker Advisory Board to provide counsel on existing Zillow services for the real estate industry, and evaluate ideas for future products and services. Zillow(R) has quickly grown its number of real estate...
Window Closing on One-Day July 26 Event to Make Orange County Homes Affordable for First Time Buyers
LOS ANGELES, July 18 PRNewswire — Tonia Latorre, 27, single and currently renting in Placentia, is but one of a growing list of prospective first time home buyers who have visited Orange County's Stadium Lofts and pre-qualified to participate in its one-day summer sales event on...
Real Estate Roundtable Elects New Board
"Sustainability," Tax Issues, Liquidity Named Top Policy Priorities for FY09 WASHINGTON, July 17 PRNewswire-USNewswire — Kicking off a new fiscal year, The Real Estate Roundtable on July 1 welcomed a new board of directors and new leaders for its policy advisory committees, vowing...
First Global Real Estate Business Social Networking Site: GPDLink.com
BEVERLY HILLS, Calif., July 18 PRNewswire — Global Property Database (GPD), An IRETO Company, launched GPDLink.com . For more information, visit http://www.ereleases.com. SOURCE IRETO Global Real Estate Network
iStar Financial Provides Estimates for Second Quarter Earnings
NEW YORK, July 18 PRNewswire-FirstCall — iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today that continued market deterioration will impact second quarter earnings. Based on preliminary estimates...
Real Estate Is Alive and Well in Houston
HOUSTON, July 18 PRNewswire — Martha Turner, President and CEO and Tom Anderson, Executive Vice President of Martha Turner Properties are pleased to announce the opening of its new office in the Bay Area Houston just off NASA Road One adjacent to the Johnson Space Center. The office...
Petters Group Worldwide Acquires Assets of Metropolitan Media Group
MINNEAPOLIS, July 17 PRNewswire — Petters Group Worldwide announced today the acquisition of all assets from Metropolitan Media Group which will cease operations. The new entity solely owned by Petters Group initially will be called Community Media Group. This acquisition aligns...
Stride Rite Children's Group Launches New Store Concept: Collections by Stride Rite(TM)
LEXINGTON, Mass., July 17 PRNewswire-FirstCall — The Stride Rite Children's Group, the leading provider of premier children's footwear, announced today the launch of a new store format, Collections by Stride Rite(TM), which combines separate, dedicated shopping areas for kids seven to...
Consolidated Tomoka Announces Second Quarter Earnings
DAYTONA BEACH, Fla., July 17 PRNewswire-FirstCall — Consolidated-Tomoka Land Co. (Amex: CTO) today reported net income of $2,171,192 or $.38 earnings per basic share for the quarter ended June 30, 2008, compared with net income of $1,115,940 or $.20 earnings per basic share for the same...
Grubb & Ellis Realty Investors Sells 1410 East Renner Road in Richardson, Texas
SANTA ANA, Calif., July 17 PRNewswire — Grubb & Ellis Realty Investors, LLC today announced the disposition of 1410 East Renner Road, a two-story office building in the Dallas suburb of Richardson, on behalf of tenant-in-common investors. Built in 1999, 1410 East Renner Road...
SIRVA Appoints Wes Lucas as New CEO
CHICAGO, July 17 PRNewswire — SIRVA, Inc., a leading relocation services provider, announced today that it has appointed Wes Lucas as its new chief executive officer and member of its board of directors. Lucas succeeds Robert W. Tieken, who led SIRVA through its successful financial...
Crowell & Moring's Financial Services Group Gains Three Attorneys in New York
Partner Michael V. Blumenthal Among New Hires WASHINGTON, July 17 PRNewswire — Crowell & Moring LLP's booming New York office has gained three financial services and bankruptcy attorneys. Led by partner Michael V. Blumenthal, the former national chair of the Business...
Hammerson plc Announces 2008 Half-Year Results U.S. Investor Conference Call on August 7, 2008, 9:00 a.m. ET
LONDON, July 17 PRNewswire — Hammerson plc (London Stock Exchange: HMSO), a leading European real estate company and member of the U.K. REIT regime, will host a conference call for U.S. investors and analysts in order to present the company's 2008 half-year financial results. The...
America Weighs in for Downpayment Assistance
Public Comments Overwhelmingly Oppose HUD Plan To Ban Key Downpayment Assistance Program GAITHERSBURG, Md., July 17 PRNewswire-USNewswire — Ann Ashburn, President of AmeriDream, Inc., today applauded the thousands of individuals nationwide who in the last month have publicly opposed the...
Chicago and Indianapolis Foreclosure Auctions Great Buying Opportunity in Slumped Housing Market
Hudson & Marshall Will Auction over 200 Chicago Homes on July 19th and More than 100 Indianapolis Homes on July 20th CHICAGO, July 17 PRNewswire-USNewswire — Sprouting up like weeds across the country, foreclosures show no signs of abating but offer buyers the chance to purchase...
Governor Granholm Announces Michigan Main Street Community Designation for Manistee
LANSING, Mich., July 17 PRNewswire-USNewswire — Governor Jennifer M. Granholm today announced that the city of Manistee has been selected by the Michigan State Housing Development Authority (MSHDA) to take part in the Michigan Main Street program. Through the Michigan Main Street...
K2C Real Estate Solutions to Assist With 'Extreme Makeover: Home Edition'
CHARLOTTE, N.C., July 17 PRNewswire — K2C Real Estate Solutions will take on multiple roles as ABC's Extreme Makeover: Home Edition comes to Charlotte for the first time. American Heartland Homebuilder, the Charlotte builder for the episode, announced Tuesday that the popular reality...
MSHDA Announces Michigan Main Street Associate Level Communities
LANSING, Mich., July 17 PRNewswire-USNewswire — Keith Molin, interim executive director of the Michigan State Housing Development Authority (MSHDA) announced today that 17 Michigan communities have been selected by MSHDA to take part in the Michigan Main Street Associate Level...
Freddie Mac Prices New $3 Billion Two-Year Reference Notes(R) Security
MCLEAN, Va., July 17 PRNewswire-FirstCall — Freddie Mac (NYSE: FRE) announced today that it priced its new 3.250% $3 billion two-year USD Reference Notes(R) security due on July 16, 2010. The issue, CUSIP number 3137EABQ1, was priced at 99.793 to yield 3.358%, or 88 basis points more...
Bankrate: Mortgage Rates Fall 3 Weeks in a Row
NEW YORK, July 17 PRNewswire-FirstCall — Mortgage rates continued the retreat, with the average conforming 30-year fixed mortgage rate falling to 6.42 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of...
Online Home Auction Leader, RealtyBid.com, Thrives Despite Down Economy
RAINBOW CITY, Ala., July 17 PRNewswire — Despite persistent news of a weakening economy, RealtyBid.com, the nation's leader in online home auctions, is still thriving. Second quarter results have confirmed expectations that company performance during the first six months of 2008...
The Sherwin-Williams Company Reports 2008 Second Quarter and First Six Months Results
CLEVELAND, July 17 PRNewswire-FirstCall — The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the second quarter and first six months ended June 30, 2008. Compared to the same periods in 2007, consolidated net sales increased $31.4 million, or 1.4%, to $2.230...
Search Our News Using Google Search
Can't find what you want? Try using Google:
