Transbay Joint Powers Authority Closes on $171 Million TIFIA Loan for Transbay Transit Center Project
The Transbay Transit Center Project reached another important milestone as the Transbay Joint Powers Authority (TJPA) closed on the $171 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for the project. The loan was made possible based on the TJPA’s sound finance plans, favorable audits and positive credit reviews—requiring an investment grade credit rating. The loan will fund 14 percent of the project’s $1.2 billion...
Solyndra Offered $535 Million Loan Guarantee by the U.S. Department of Energy
Solyndra, Inc. announced that it is the first company to receive an offer for a U.S. Department of Energy (DOE) loan guarantee under Title XVII of the Energy Policy Act of 2005. Solyndra, a Fremont, California-based manufacturer of innovative cylindrical photovoltaic systems, will use the proceeds of a $535 million loan from the U.S. Treasury’s Federal Financing Bank to expand its solar panel manufacturing capacity in California. “The leadership...
Western Interiors Magazine Receives New Funding
Gerald T. Halpin, Chairman of Western Interiors & Design LLC, announced today that the company has received additional funding from some of its original investors to finance the company’s new initiatives and the continued growth of Western Interiors & Design magazine. “In this difficult economic environment,” says Publisher Jennifer Matthews, “it is wonderful to be able to put aside short-term distractions and focus on building the...
California Infrastructure Investment to Result in Thousands of New Jobs
The developer of the 244-acre Sacramento Railyards project announced today that approximately 3,000 new jobs will be created in 2009 as a direct result of voter passage of Proposition 1C, the $2.8 billion Housing and Infrastructure Bond and Proposition1B, the $19.9 billion Transportation Bond as well as other local and federal infrastructure funds. The announcement comes as the Obama administration considers a federal economic recovery plan with a...
Alternative Construction Technologies, Inc., Files Suit Against Investors in Federal Court
Alternative Construction Technologies, Inc. announced that it has filed a complaint against Roswell Capital Partners and Centre Court Asset Management, along with their respective funds, BridgePointe Master Fund, Ltd., CAMOFI Master LDC, and CAMHZN Master LDC in New York Federal Court. The Company seeks a declaratory judgment against the Investors for alleged breach of contract and breach of fiduciary responsibilities by committing violations of...
Freddie Mac Issues 2009 Funding Calendars
Freddie Mac issued its 2009 funding calendars, which provide optional announcement dates for Reference Notes® securities, potential issuance weeks for Reference REMIC® securities and announcement and auction dates for Reference Bills® securities. The 2009 funding calendars are available on the Debt and Mortgage Securities pages of the company’s Web site at http://www.FreddieMac.com. On the Reference Notes announcement dates set forth on...
Fidelity National Financial, Inc. Announces the Termination of Definitive Merger Agreement with LandAmerica Financial Group, Inc.
Fidelity National Financial, Inc. announced the termination of its definitive merger agreement with LandAmerica Financial Group, Inc., pursuant to its contractual due diligence termination right. Fidelity National Financial, Inc. is a leading provider of title insurance, specialty insurance, claims management services and information services. FNF is one of the nation’s largest title insurance companies through its title insurance underwriters...
Wilshire Finance Partners Expands Services to Provide Financing for Section 8 Redevelopment Nationally
Wilshire Finance Partners has expanded its lending services to include funding for redevelopment of affordable housing nationwide. The surplus of vacant single family residences on the market, combined with a lack of Section 8 housing has created a window of opportunity to redevelop properties that will comply with affordable housing guidelines, according to Thomas OBryon, CEO. Unfortunately, funds are not being made readily available for redevelopment...
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...
Runways to Open at Dulles, OHare and Sea-Tac
Airports Council International–North America (ACI-NA) applauded the opening of three new runways at major hub airports this week, and commended the airports and the Bush Administration for helping to reduce delays and increase aviation efficiency and capacity. Dulles, O’Hare and Seattle-Tacoma International Airports all celebrate new runway openings on November 20. Department of Transportation Secretary Mary Peters and Acting Federal Aviation...
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