Mission West Properties, Inc. announces that its board of directors has authorized the Company to purchase up to $5 million of its common stock over the next 12 months. Repurchases will be conducted from time to time in the open market, subject to market conditions and other factors such as a determination that the Company believes the repurchase will be beneficial to stockholders. These repurchases may be commenced or suspended at any time or from...
Ritchie Bros. Auctioneers gave equipment sellers easy access to the global marketplace last week, attracting bidders from around the world to seven unreserved industrial auctions in four countries – including the largest Spain auction in Company history. The three-day auction at the Company’s Moncofa, Spain auction site generated almost (euro)30 million (US$38 million) in gross auction proceeds. Ritchie Bros. the world’s largest...
Jetronic Industries, Inc. announced that it has entered into a Definitive Share Exchange Agreement to acquire New Bastion Development, Inc. (“New Bastion”). Pursuant to the Share Exchange Agreement, Jetronic shall acquire all of the outstanding capital stock of New Bastion in exchange for Jetronic’s common stock, par value $0.10 per share. The aggregate consideration for the Transaction will consist solely of Jetronic common stock....
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...
Titanium Holdings, Inc. recently announced the addition of Tamara Buie and Michael Radesky to its management team. Titanium Holdings, Inc. is the parent company of Titanium Solutions, Inc., a leading provider of homeowner contacting and consulting services. Buie will develop the human resources policies and programs for the company as senior vice president of human resources. Radesky, named chief operating officer, will direct and manage all operations...
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...
Anything Brands Online, Inc. announced that its Tradesman Tool division has greatly expanded its revenue projections for 2009 through the launch of a national dealer network. Tradesman Tool, an Online Retailer of Automotive & Industrial Tools & Equipment, sets its plan in motion to establish a group of 100 independent dealers throughout the U.S. Targeted sales for each dealer will be based upon market size and economic conditions of each...
RSC Equipment Rental, Inc., the operating entity for RSC Holdings Inc. one of the largest equipment rental providers in North America, announced today that Robert C. Fox II, a seasoned human resources executive with considerable experience in leadership development and succession planning gained during over 30 years in business, has joined the firm as Senior Vice President – Human Resources. “We are very pleased to have Bob Fox join our management...
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...
An independent study conducted by the nation’s premier network for listing asset management, Threewide Corporation, reveals that a leading real estate search engine, Trulia is the #1 real estate lead generator as well as #1 in visitors sent to listing broker and agent sites through the Threewide ListHub service. Threewide’s ListHub, the most widely adopted network for listing distribution, works in concert with MLS’s various franchises and...