Equity One Acquires 22-Acre Property on Long Island, New York
Equity One, Inc., an owner, developer, and operator of shopping centers, announced today it has closed on the purchase of a 22-acre property on Long Island, New York. The site, the former world headquarters for Avis Rent A Car, is adjacent to Equity One’s Westbury Plaza, a 400,000 square foot shopping center located in one of the most productive retail regions in the country. Equity One acquired Westbury Plaza, which is anchored by Wal-Mart and...
The Honors College at Arizona State University in Tempe
American Campus Communities Inc., one of the largest owners, managers and developers of high-quality student housing properties in the U.S., announced today that the grand opening ceremony for Barrett, The Honors College at Arizona State University (ASU) in Tempe, is to be held 9:30 a.m., Thursday, Oct. 15. Speakers include ASU President Michael Crow, Dean Mark Jacobs, Craig and Barbara Barrett, Bayless, and ASU honors students. Tours of the campus...
Monmouth Real Estate Investment Corporation Will Host Investor Forums in West Palm Beach, Boca Raton, and Tampa, Florida
Monmouth Real Estate Investment Corporation is pleased to announce that it will host three upcoming investor forums to be held on December 9 and 10, 2008, in West Palm Beach, Boca Raton, and Tampa, Florida, respectively. On Tuesday, December 9, 2008, Monmouth Real Estate Investment Corporation and its sister REIT, UMH Properties, Inc. will host an Investors’ Forum in West Palm Beach, Florida, at The Phillips Point Club By The Breakers at 12:00...
JRK Property Holdings Announces the Acquisition of a 17 Multifamily Property Portfolio Valued in Excess of $285 Million
JRK Property Holdings, Inc. (“JRK”) announced a major multifamily property acquisition from Apartment Investment and Management Company (“AIMCO”) valued in excess of $285 Million. The acquisition was capitalized through a joint venture with JRK Birchmont Advisors, the private equity division of JRK. The portfolio, which represents the third joint venture with JRK Birchmont Advisors and the fourth transaction consummated with...
Mortgage Network Introduces MN 55+
Mortgage Network, Inc., the largest independent mortgage company in the Northeast, today announced MN55+. The new advisory service is designed specifically for the unique needs of today’s mature homeowners. The 55+ age group represents several unique market segments that exemplify major shifts in their views and perceptions on life, work, health and wellness, shopping, travel, technology and finances. In the face of declining investment portfolios,...
BC’s multi-family investment market faces repricing as global economy downshifts
Shaken by the global credit turmoil, BC’s multi-family investment market faces a repricing of properties, according to Avison Young (Canada) Inc.’s “Fall 2008 BC Real Estate Multi-Family Investment Report”, released today. “There is now a standoff between purchasers, who in the wake of the global credit meltdown have changed their pricing expectations; and vendors, who are looking for yesterday’s pricing in a much...
Nexia Closes $2.15 Million Real Estate Sale
Nexia Holdings, Inc. announced that its subsidiary Wasatch Capital Corporation closed upon the sale of the Wallace/Bennett Buildings located at 59 West 100 South, Salt Lake City, Utah. The total sales price was $2,150,000. Wasatch owed approximately $1,145,000. CEO Richard Surber stated, “The sale of the historic property will provide much needed liquidity to propel Nexia forward with its future plans. The cash proceeds may be spent to accomplish...
GFI Energy Ventures LLC Completes Sale of NORESCO to Carrier Corp.
GFI Energy Ventures LLC announced today the completion of the sale of its portfolio company, NORESCO, one of the largest providers of energy management and performance contracting services in the United States, to Carrier Corp., the world’s largest provider of HVAC and refrigeration solutions and a subsidiary of United Technologies Corp. NORESCO was previously owned by the OCM/GFI Power Opportunities Fund II, L.P., a private equity fund co-managed...
Starwood Land Ventures Forms Joint Venture with Cold River Development Inc.
Starwood Land Ventures announces the formation of CoStar Land LLC, a joint venture partnership established to channel $75 million toward development opportunities in the 23-county Atlanta metro service area. CoStar marries the strengths of Starwood Land Ventures and Cold River Development, a holding company whose subsidiaries specialize in land development in Georgia and the Carolinas. “This is an exciting joint venture arrangement because it...
Regions Program Helps Keep Residential Mortgage Foreclosures Low
Regions Financial Corporation (NYSE:RF) announced that it has reached out to over 103,000 residential first mortgage and home equity customers in the first year of its program to help customers avoid hardship. As a result, Regions has taken steps including renegotiating the terms of mortgages, keeping families in their homes and allowing the company to maintain a foreclosure rate of less than one percent for residential first mortgages. “We have...
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Pozzotive Plus CMUs and Concrete Brick
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Project FROG Modular Green Classroom
Project FROG designs and custom- fabricates modular classrooms and other commercial buildings...
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