Centerline Capital Group Closes $131MM Loan Package with Fannie Mae

Centerline Capital Group, a subsidiary of Centerline Holding Company, an alternative asset manager focused on commercial real estate funds and financing, today announced it closed the last of nine multifamily housing loan transactions. All loans were transacted in 2008 with Fannie Mae under its DUS program on behalf of a single borrower for a total of $131 million. Centerline provided the refinancing for a portfolio of eight South County apartment... 

The Streets of Buckhead Pursues Certification for Environmentally Friendly Building and Construction

A lifelong resident of Atlanta, Ben Carter has made an environmental commitment to the community by seeking Leadership in Energy and Environmental Design (LEED) certification for his company’s luxury mixed-use development, The Streets of Buckhead. Featuring more than 500,000-square feet of world-class retail, dining and residences, The Streets of Buckhead will be one of the country’s most expansive and affluent developments to be awarded Silver... 

Hill International Places Second on the “Hot Firm 2008″ List of Fastest-Growing Firms in the Construction Industry

Hill International, the global leader in managing construction risk, announced today that it has been recognized by The Zweig Letter as one of the 200 fastest-growing architecture, engineering and construction consulting firms in the United States and Canada. The “Hot Firm 2008” list is based upon both dollar growth and percentage growth in total revenues from 2004 to 2007. Hill, which ranked second on this year’s list, has now been named... 

Oaks Development Group Closes on 2.1 Acres for Medical Office Building in Palm Coast, FL

North Carolina-based Oaks Development Group announced closing on the construction loan for 2.1 acres at Pinnacles Park in Palm Coast, FL. Oaks will develop a planned medical office building on the property. SunTrust Bank in Cary, NC handled the loan closing for the project. Site work is scheduled to begin by the end of the year. Oaks is developing the 20,000-square-foot building using its unique ownership model that provides tenants with a piece of... 

Zareba Systems Announces Sale of Assets of Professional Series Automatic Gate Opener Product Line

Zareba Systems, Inc. announced that it sold substantially all of the assets of the Company’s professional series automatic gate operator product line to Amazing Gates of America, LLC for $739,000, plus the assumption of certain outstanding inventory purchase obligations of the Company. The purchase price was payable in cash of $200,000 at the closing, with the balance to be paid through a series of payments through December 2010. “The Company... 

AbitibiBowater announces intention to sell approximately 76,700 hectares of select timberland assets in Quebec

AbitibiBowater announced that it intends to divest three forest units located in the Mauricie and Bas-Saint-Laurent regions in the Province of Quebec, Canada. These timberland assets include the Seigneuries of Perthuis, Nicolas-Riou and Lac Metis, which comprise a total area of approximately 76,724 hectares (or 189,508 acres) and have a timber inventory of over 7.7 million cubic meters. Scotia Capital Inc. has been retained as exclusive financial... 

Normandy Real Estate Partners Sells Quincy Crossing in Arlington, Virginia

Normandy Real Estate Partners, one of the largest real estate owners and operators in the Boston to Washington corridor, today announced that it has completed the sale of Quincy Crossing to Guardian Life Insurance Company for $55,500,000. Quincy Crossing is a 110,900 square foot Class A office building prominently located in the Rosslyn Ballston Corridor. Normandy will remain property manager for Guardian Life. Cassidy & Pinkard Colliers represented... 

Glancy Binkow & Goldberg LLP, Representing Preferred Shareholders of Thornburg Mortgage, Inc., Announces Class Action Lawsuit and Seeks to Recover Losses

Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a Class Action lawsuit in the United States District Court for the District of New Mexico on behalf of a class (the “Class”) consisting of all those persons who tendered shares of Thornburg Series C, D, E or F Preferred Stock of Thornburg Mortgage, Inc. pursuant to the Tender Offer originally launched on July 23, 2008, and the definitive proxy statement filed with... 

Amtico Floors James Bond in New Movie

Amtico International has a foundational role in the upcoming production of the James Bond film, Quantum of Solace. An inlaid tile starburst pattern from Amtico is the starring backdrop of an exciting fight scene in the movie due for U.S. release in November. The resilient flooring receives ample screen time as the fight scene is shot from above as Bond actor Daniel Craig fights off an adversary while rappelling from the ceiling of an Italian Art Gallery. Pinewood... 

Spertech Announces Greentech Wallboard(TM), an Environmentally Sustainable Alternative to Standard Drywall

In response to the lack of green alternatives to conventional drywall manufacturing, Spertech today announced Greentech Wallboard. This patented wallboard technology is developed from recycled materials without producing harmful carbon emissions during the manufacturing process. “Drywall is the most common indoor building material in the United States, but it’s produced in a manner that’s highly energy-intensive, emitting an excessive amount...