Equity One, Inc., an owner, developer, and operator of shopping centers, announced today that it has closed a $227 million unsecured revolving credit facility with Wells Fargo Bank serving as Administrative Agent and Sole Lead Arranger. The new facility has a three-year term with a one-year extension option. In addition, the facility includes an accordion feature under which it can be expanded to $400...
InStorage Real Estate Investment Trust issued the following statement in response to the offer yesterday by Canadian Storage Partners, ULC to acquire all of the outstanding trust units of InStorage and the Class B and Class C limited partnership units of InStorage Limited Partnership for $3.75 in cash per unit. To assist with the review of the unsolicited offer, the Board of InStorage has appointed...
Barnes & Noble, Inc., the world’s largest bookseller, will open a new bookstore on October 30 in The Shops at Wiregrass at 28152 Paseo Drive, Wesley Chapel, Florida. The store will stock close to 200,000 book, music, DVD and magazine titles and include a café serving Starbucks coffee. The new Barnes & Noble Wiregrass will be open every day from 9 a.m. to 11 p.m. and employ approximately...
Lend America, recently ranked as the 13th largest direct-to-consumer FHA lender in the nation, announced today it has launched a specialized Hope for Homeowners (H4H) Outreach Program to enable institutional investors, such as Wall Street banks and hedge funds, as well as other first lien holders to quickly recapture principal from their non-performing residential mortgage portfolios while helping...
The Guardian Life Insurance Company of America (Guardian), has agreed to purchase a major interest in the real estate services and investment firm of Kennedy Wilson. The announcement came today from William McMorrow, chairman of Kennedy Wilson and Thomas Sorell, Executive Vice President & Chief Investment Officer of Guardian. Under the terms of the transaction, Guardian will purchase $30 million...
Lawton “Bud” Chiles announced today that he has sold his interest in GreenSteel Homes to his partner, Tony Attalla. GreenSteel Homes is a manufacturer of architecturally designed, steel-frame, affordable housing located in Carrabelle, Florida. “I have been thrilled to be involved in the development of the GreenSteel Homes brand and in getting the factory open in Carrabelle. Now that...
The Olympia Group is close to finalizing the location of the Oxford Highlands Resort-Spa-Casino. The Olympia Group announced today that it has secured options on several suitable parcels on Highway 26 in Oxford. The properties are located within a one-mile section of the Oxford Plains commercial area spanning from Number Six road north to Industrial Drive. The Olympia Group has begun conducting environmental...
San Francisco-based SMWM, one of America’s premier, award-winning women-owned architecture, urban design and planning practices, has joined forces with Perkins+Will, a global integrated design firm with 18 North American and 3 International offices. “Combining the knowledge, expertise and resources of two such professionally complementary and philosophically aligned firms will result in one of...
Near the Florida Turnpike and adjacent to the Homestead Miami Speedway, ParkSouth is bringing more than 1.4 million square-feet of commercial real estate development and leasing opportunities to south Miami-Dade. Construction of the ready-to-build industrial and office park, which comprises more than 100 contiguous acres, is scheduled to begin in late 2008. ParkSouth offers various options for industrial...
Looking for the latest in cycling solutions? The Gladiator Claw Advanced Bike Storage v1.0 uses heavy-duty aluminum arms to keep your ride up off the floor where it won¿t be damaged by vehicles entering or leaving the garage. Soft-Touch grips baby your bike, so your rims won¿t be scratched, either. With one upward motion, the Push-Lock mechanism grabs on to hold your bike securely. Repeat the same...
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