Berkshire Income Realty Announces FFO of $5,411,032 for Nine Month Period Ended September 30, 2008

Berkshire Income Realty, Inc.(“Berkshire” or the “Company”) reported its results for the periods ended September 30, 2008. Financial highlights for the three and nine-month periods include: The Company’s Funds from Operations (“FFO”), a non-GAAP financial measure, for the three and nine months ended September 30, 2008 were $2,071,466 and $5,411,032, respectively, as compared to $2,259,707 and $4,235,769, respectively,... 

Home Prices Rise in Some Metros, Buyers More Active in Other Areas

Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the National Association of Realtors®. In the third quarter, 28 out of 152 metropolitan statistical areas(1) showed increases in median existing single-family home prices from the same quarter in 2007; four were unchanged and 120 metros... 

Two-Time Inc. 5000 Award Recipient Kiely Equipment Co. Continues Growth Despite a Weak Economy

Two-time Inc. 5000 Award Recipient Kiely Equipment Co. continues growth despite a weak economy. Kiely Equipment Co. is being recognized by Inc. Magazine for the second year in a row as one of the fastest-growing private companies in America with a three-year growth rate of 363%. The award recognizes the fastest-growing privately held companies in the United States. “The Inc. 5000 provides the most comprehensive look ever at the most important... 

Brandywine Realty Trust Closes Rehabilitation Tax Credit Transaction With US Bancorp

Brandywine Realty Trust a real estate investment trust focused on the ownership, management and development of Class A, suburban and urban office properties in the mid-Atlantic region and other selected markets throughout the United States, announced today that it has closed a transaction with US Bancorp related to the historic rehabilitation of the 30th Street Post Office in Philadelphia, Pennsylvania, an 862,692 square foot office building which... 

Hovnanian Enterprises Presentation at the Bank of America 2008 Credit Conference to be Webcast Live

Hovnanian Enterprises, Inc. a leading national homebuilder, announced that senior management will be presenting at the Bank of America 2008 Credit Conference on Friday, November 21, 2008 at 10:30 a.m. ET. The presentation will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ Web site at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before... 

Matrix Service’s CEO Michael Bradley to Speak at Stephens Fall Investment Conference in New York

Matrix Service Co. a leading industrial services company, today announced that Chief Executive Officer Michael J. Bradley will present at Stephens Fall Investment Conference to be held in New York at the Palace Hotel on November 18 and 19, 2008. Matrix Service’s presentation is scheduled to take place on Tuesday, November 18th at 1:30pm eastern in Holmes I. Interested parties can listen to the presentation via Webcast by visiting the Investor... 

Fog Cutter Capital Group Inc. Reports Third Quarter 2008 Operating Results

Fog Cutter Capital Group Inc. reported a net loss of $4.4 million or $0.55 per share for the three months ended September 30, 2008, compared to net income of $65,000 or $0.01 per share for the third quarter of 2007. The Company reported a net loss of $9.2 million or $1.15 per share for the nine months ended September 30, 2008, compared to a net loss of $7.0 million or $0.88 per share for the same period of 2007. The Company’s Fatburger restaurant... 

Feldman Mall Properties, Inc. Announces Inland Transaction, Appointment of Receivership for the Tallahassee Mall and Termination of Reporting Company Status

Feldman Mall Properties, Inc announced today that it has entered into a letter agreement with Inland American Real Estate Trust, Inc. (“Inland”) pursuant to which Feldman will repurchase from Inland 2,000,000 shares of 6.85% Series A Cumulative Convertible Preferred Stock (the “Series A Preferred Stock”). In exchange, Inland will receive title to the Stratford Square Mall, located in Bloomingdale, Illinois, Northgate Mall,... 

URDANG and Onyx Equities Sell White Plains, NY, Office Building for $82 Million

URDANG, part of BNY Mellon Asset Management, and Onyx Equities, LLC, have completed the sale of a 320,000-square-foot office building in White Plains, New York, for $81,775,000. The multi-tenant, fully occupied building at 1311 Mamaroneck Avenue had been part of the URDANG Value-Added Fund, L.P. portfolio, a real estate investment vehicle formed by URDANG Capital Management, Inc. to acquire a portfolio of value-added properties located throughout... 

Homburg Invest Inc. announces cancellation of proposed Cedar joint venture

Mr. Richard Homburg, Chairman and CEO of Homburg Invest Inc. announces that the previously reported proposed joint venture with Cedar Shopping Centres Inc. (“Cedar”) to purchase 32 properties has been cancelled. Mr. Homburg states that: “HII had substantially completed its due diligence in respect of the proposed joint venture, however recent unprecedented financial events have caused the virtual collapse of world capital...