In this buyer’s market and slow economy, the owners of Great Brook Preserve are still selling land in their premier mountainside village. Great Brook is the only gated community in the area and offers large acreage with dramatic views of the Sunday River ski area and the Mahoosuc mountain range. The Preserve properties are surrounded by its own conservation land, and the owners just completed installation of paved roads through Phases II and...
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...
BioMed Realty Trust, Inc. announced that Alan D. Gold, BioMed’s President and Chief Executive Officer, was named the national winner of the Ernst & Young LLP Entrepreneur Of The Year® 2008 Award in the Real Estate, Construction and Hospitality category. Ernst & Young’s program recognizes outstanding entrepreneurs who have built and lead dynamic, high-growth businesses on a regional, national and global level. Mr. Gold was selected...
Going Public, LLC is pleased to announce it was retained by Omni Ventures, Inc. in September 2008. Omni Ventures, Inc., located in Olathe, Kansas, is going public with plans to provide investment capital for real estate developments. “We are very excited to be partnering with Omni Ventures to assist them in going public on the OTC Bulletin Board,” said Marvin K. Rowe II of Going Public, “and we look forward to being a part of their...
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,...
The U.S. retail market has undergone a sea change not experienced in this country since the early 1980s, according to the bi-annual Retail Real Estate Report issued today by Colliers International, a leading global real estate services firm. Due to recessionary conditions, retail real estate will be significantly afflicted for the remainder of this year and well into 2009, according to Colliers. Several reasons drive this monumental slowdown in retail...
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 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...
Eurocastle Investment Limited (“the Company”) primarily owns and invests in German commercial property. The Company and its subsidiaries (“the Group”) has Euro denominated shares which are currently listed on Euronext Amsterdam, under the symbol “ECT” and on the Frankfurt Stock Exchange, under the symbol “EUI1″. Eurocastle is managed by an affiliate of Fortress Investment Group LLC. For more information...
Trina Solar Limited, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that its Board of Directors has adopted a shareholder rights plan (the “Rights Plan”). The Rights Plan is designed to protect the best interests of Trina Solar and its shareholders. One ordinary share purchase right (a “Right”) will be distributed...