DRA CRT Acquisition Corp. (formerly CRT Properties Inc.) Declares Quarterly Dividend for Preferred Shareholders

The Board of Directors of DRA CRT Acquisition Corp. (the “Company”, formerly CRT Properties Inc.), declared a regular quarterly cash dividend payment of $0.53125 per share on its 8.5% Series A Cumulative Redeemable Preferred stock to be paid on December 15, 2008 to shareholders of record on December 1, 2008. The Company’s 8.5% Series A Cumulative Redeemable Preferred Stock has been listed on the Pink Sheets, a centralized quotation service that... 

China Forestry Inc. Seeks to Expand Holdings

China Forestry Inc. a timber investment group in the People’s Republic of China, announced today that it has signed a letter of intent with a Chinese citizen to acquire user rights to an additional 933 hectares of forest near Shangzhi city in Heilongjiang Province. The forest has wood reserves of approximately 60,000 cubic meters, and is subject to a user rights certificate until 2055. The Company has negotiated a purchase price of $1,350 per... 

CORRECTING and REPLACING Golf Trust of America, Inc. Announces Stock Repurchase Program

Headline of release should read Golf Trust of America, Inc. Announces Stock Repurchase Program (sted Golf Trust of America, Inc. Announces Stock Purchase Program). GOLF TRUST OF AMERICA, INC. ANNOUNCES STOCK REPURCHASE PROGRAM Golf Trust of America, Inc. announced that its Board of Directors authorized the repurchase of up to $500,000 in shares of the Company’s common stock. “During this period of extreme market volatility, our strong... 

South Korea’s Songdo International Business District Sets Global Standard as ‘Eco-City’

New international standards are being set by Gale International in sustainable building design, systems engineering, and urban infrastructure and planning with Songdo International Business District (IBD), a new city currently under construction off Incheon, South Korea, on the Yellow Sea. Songdo IBD is a joint venture between Gale International and Posco Engineering & Construction and is the largest private development in the world. Songdo IBD,... 

Chartwell REIT Announces November 2008 Distribution

Chartwell Seniors Housing Real Estate Investment Trust (“Chartwell REIT”) announced today a cash distribution of $0.06167 per Trust Unit for the month of November, 2008. The cash distribution will be payable on December 15, 2008 to Unitholders of record on November 28, 2008. Unitholders can participate in Chartwell’s Unitholder Distribution Reinvestment Plan (DRIP). Eligible investors registered in the DRIP will have their monthly... 

AMB Property Corporation(R) Provides Update on Liquidity, Financial Resources and Changes in Dividend Policy

AMB Property Corporation a leading global developer and owner of industrial real estate, announced steps taken to further strengthen the company’s financial position and to address the subject of liquidity and financial condition. “As we discussed during our third quarter call, AMB’s priorities are: first, our balance sheet; second, controlling expenses; and third, managing the business for the long term. We believe we are well-positioned... 

Michael B. McCook Joins Trikona Group as Senior Advisor

Trikona Group, which contributes to the growth of India by creating new asset classes around real estate and infrastructure, today announced that Michael B. McCook, former senior investment officer of real estate for the California Public Employees Retirement System (CalPERS), has joined Trikona Group as one of three senior advisors. Mr. McCook will advise the fund management division of the Trikona Group, having spent over 20 years in senior executive... 

VFA and Bricsnet Team Up to Provide Comprehensive Solution for Capital Planning and Workplace Management

VFA, Inc., the leading provider of software and services for facilities capital planning and asset management, and Bricsnet, a leading provider of solutions for executive decision support and strategic planning in real estate, today announced a strategic alliance designed to help clients improve operating efficiencies and long-term planning for their real estate portfolios. Together, VFA and Bricsnet offer organizations with large, complex real estate... 

TIAA-CREF Global Real Estate’s One Boston Place Awarded First LEED-EB Gold Certification for Operations and Maintenance

TIAA-CREF Global Real Estate announced today that One Boston Place in Boston is the first building to earn the Leadership in Energy and Environmental Design (LEED) Gold designation from the United States Green Building Council (USGBC) for Existing Buildings: Operations & Maintenance. LEED for Existing Buildings: Operations & Maintenance is a rating system that recognizes buildings with maximum operational efficiency and minimal environmental... 

Colliers International Expands into Savannah, Georgia

Colliers International, a leading global commercial real estate services firm, announced this morning the opening of Colliers Neely Dales, its new firm in Savannah, Georgia. Colliers Neely Dales is owned by long-standing Savannah commercial real estate executives John Neely, Cliff Dales and David Sink. Colliers Spectrum Cauble in Atlanta purchased a minority stake in the company. “The opening of Colliers Neely Dales represents a major expansion...