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... 

SCI Real Estate Investments Acquires Class-A, Luxury Apartments in Houston, Texas

SCI Real Estate Investments, LLC has announced the acquisition of Kings Cove, a 192-unit luxury apartment-home community in Kingwood, Texas, from Houston-based developer, Dinerstein Companies for tenant-in-common investing. Kings Cove serves as an example of SCI’s smart investment strategy of purchasing institutional-quality apartment communities in growing metropolitan areas, such as Houston and Dallas. Future acquisitions of Class-A multifamily... 

CWCapital Investments Hires Hugh Hall to Develop Mortgage Investment Business

CWCapital Investments (CWCI), a full service, commercial real estate investment management firm, announced that it has hired Hugh Hall as Managing Director. Hall will report to CWCI President Charles Spetka, and will be working to develop new capital sources and investment opportunities for CWCI, including the creation of a third-party, managed fund focused on mortgages and senior debt. Mr. Hall was a founder of Gramercy Capital Corp. and served as... 

Austins AIC Ventures Closes 100th Acquisition, Prepares for More

Austin, Texas-based AIC Ventures, L.P., an investment fund manager providing alternative finance solutions to middle-market companies across the United States through office and industrial sale-leasebacks, is celebrating its 100th real estate acquisition. Founded in 1990, the firm’s total transaction value is nearly $1 billion. “Over the past 20 years we’ve seen an increasing demand for sale-leasebacks as a strategic capital solution for middle-market... 

T. Rowe Price Introduces Two New Global Strategies

T. Rowe Price (Nasdaq: TROW ) has expanded its global investment opportunities by launching the Global Large-Cap and Global Real Estate strategies. Individual and institutional investors can invest in the strategies through a retail fund and institutional strategy. Additionally, Advisor Class shares are available through financial intermediaries. The Global Large-Cap and Global Real Estate strategies will employ the firm’s demonstrated expertise... 

Investment Regimes for Indian Real Estate Sector Explored

Research and Markets (http://www.researchandmarkets.com/research/3beb0e/the_meandering_pat) has announced the addition of the “THE MEANDERING PATH: Investment Regime for Indian Real Estate Sector” report to their offering. The pull factors embedded in the booming economy of India seem to offer great succour to the global investor scathed by the economies of the western world especially the sub-prime crisis in the US. Just as water seeks... 

For IRA Investors, a Stock-Market Alternative: High-Yielding Notes Secured by Real Estate

Real estate investing in Individual Retirement Accounts will be the focus of a friendly, live Web event, open to all, as two Colorado companies collaborate to shed light on a safe and high-yielding alternative to the rollercoaster ride of financial markets. The IRA-Real Estate Investing Webinar is set for Nov. 20 from 4-5 p.m. MST. Individual questions will be answered. Register in advance at www.newdirectionira.com or www.cmyatescapital.com. Denver... 

Tresor Properties and Renowned Architect Embark on Two Oceanfront Homes in Laguna Beach

Tresor Properties, a premier Laguna Beach, Calif., real estate investment, construction and brokerage company, has selected renowned architect Mark Singer to develop two oceanfront homes in Laguna Beach. “We enjoy working with Mark [Singer] and seeing the results of his innovative and pioneering approach to luxury home design,” said Jeff Fischbeck, vice president of sales and investments at Tresor Properties. “These exquisite upcoming properties... 

Research and Markets: CONFERENCE TALK: Real Estate – A Formidable Investment Tool Is On Sale Now

Research and Markets (http://www.researchandmarkets.com/research/a82d1c/conference_talk_r) has announced the addition of the “CONFERENCE TALK: Real Estate – A Formidable Investment Tool” report to their offering. As India witnesses a mercurial economic growth, greater wealth in the hands of its populace has converted them into great investors. Financial innovation is the buzzword to maximize returns in the investment mart. The realty... 

Revenue Properties advises that shareholders approve going-private transaction proposed by Morguard Corporation

Revenue Properties Company Limited a subsidiary of Morguard Corporation (“Morguard”), announced that at its special meeting of shareholders (“Shareholders”) held earlier today in Mississauga, Ontario, Canada, Shareholders (including a majority of minority shareholders) approved the amalgamation of RPCL and 2187675 Ontario Inc. (the “Amalgamation”), an indirect wholly-owned subsidiary of Morguard, as described in...