Going Public, LLC Is Pleased to Announce That It Was Retained by Omni Ventures, Inc. (www.omniventures.biz), a Company With Plans to Provide Investment Capital for Real Estate Developments

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... 

On the Cusp of Black Friday, Colliers International Issues Semi-Annual Retail Report, Showing Marked Weakness in Retail Real Estate as 2009 Approaches

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... 

BCs multi-family investment market faces repricing as global economy downshifts

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 Closes $2.15 Million Real Estate Sale

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... 

Homburg Invest Inc. announces acquisition of 13,127,042 shares by Homburg Group

Mr. Homburg also noted that HII previously announced on 15 October 2008, that it had acquired regulatory approval to launch a normal course issuer bid. HII does not feel that current market prices reflect the underlying value of HII and therefore has acquired regulatory approval to acquire 10% of Class A Shares and up to 5% of Class B Shares. Under the Exchange Rules and Policies, Homburg Invest is entitled to purchase up to a maximum of 47,538 Class... 

Starwood Land Ventures Forms Joint Venture with Cold River Development Inc.

Starwood Land Ventures announces the formation of CoStar Land LLC, a joint venture partnership established to channel $75 million toward development opportunities in the 23-county Atlanta metro service area. CoStar marries the strengths of Starwood Land Ventures and Cold River Development, a holding company whose subsidiaries specialize in land development in Georgia and the Carolinas. “This is an exciting joint venture arrangement because it... 

Pure Industrial Real Estate Trust announces November distribution

Pure Industrial Real Estate Trust is pleased to announce that its Board of Trustees has approved a cash distribution of $0.025 per trust unit for the period from November 1, 2008 to November 30, 2008 (equivalent to $0.30 per trust unit on an annualized basis). This distribution will be paid on December 15, 2008 to unitholders of record at the close of business on November 28, 2008. The policy of Pure Industrial Real Estate Trust is to pay cash distributions... 

Pasal Development: Consolidated Earnings After Taxes of EUR 2.6 mn for the 9M 2008

PASAL Development S.A. announces that consolidated earnings after taxes and minority interest for the 9M 2008 amounted to 2.6 mn euro compared to 6.0 mn euro in 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 3.5 mn euro compared to 10.1 mn euro in 2007, while consolidated earnings before taxes amounted to 1.3 mn euro compared to 8.6 mn euro the respective period of last year. The reduction is mainly due to... 

ZipRealty Appoints Lanny Baker as Chief Financial Officer

ZipRealty, Inc. (Nasdaq: ZIPR ) announced that Lanny Baker has agreed to join the Company and will assume the role of Chief Financial Officer of the Company, effective December 1, 2008. David Rector, Senior Vice President, Chief Accounting Officer, and Chief Financial Officer, will remain with the Company as Senior Vice President and Chief Accounting Officer. Mr. Rector has been with ZipRealty since 2002 and has served in the role of Chief Accounting... 

Grubb & Ellis Files Investor Presentation

Grubb & Ellis Company (NYSE: GBE ), a leading real estate services and investment firm, announced that it has filed an investor presentation with the Securities and Exchange Commission in connection with its 2008 Annual Meeting of Stockholders, which is scheduled for December 3, 2008. Grubb & Ellis’ Board of Directors recommends that all stockholders vote FOR the company’s three independent and experienced directors — Harold...