AMB Property Corporation a leading global developer and owner of industrial real estate, will host an investor and analyst tour on November 18, 2008 in Los Angeles. Thomas S. Olinger, AMB’s chief financial officer, will present at 10:30 AM EST/7:30 AM PST at the Sheraton Gateway Los Angeles. His presentation will include details regarding the company’s current liquidity and financial condition. Following the presentation, attendees will...
RREEF Real Estate and Kennedy Wilson today announced that 901 Fifth Avenue in Seattle, WA, a 41-story 558,607 sq. ft office tower has achieved LEED-EB™ (existing building) Silver certification. The certification marks the completion of one of the largest environmental retrofits in the industry for an existing property and Seattle’s first full city block targeting LEED certification. The new ownership and management of Seattle’s 901 Fifth Avenue...
Signaling its intent to step-up acquisition efforts, Watt Companies has added two seasoned executives to lead the firm’s acquisition activities, with a focus on office opportunities and retail development. John Lee has joined Watt Realty Advisors as Vice President with responsibility for office acquisitions and brings significant experience with major firms in California as well as Texas. Kenneth Hira joins Watt Commercial Properties to reload their...
Signaling its intent to step-up acquisition efforts, Watt Companies has added two seasoned executives to lead the firm’s acquisition activities, with a focus on office opportunities and retail development. John Lee has joined Watt Realty Advisors as Vice President with responsibility for office acquisitions and brings significant experience with major firms in California as well as Texas. Kenneth Hira joins Watt Commercial Properties to reload their...
AMB Property Corporation a leading global developer and owner of industrial real estate, announced steps taken to further strengthen the company’s financial position and to address the subject of liquidity and financial condition. “As we discussed during our third quarter call, AMB’s priorities are: first, our balance sheet; second, controlling expenses; and third, managing the business for the long term. We believe we are well-positioned...
Trikona Group, which contributes to the growth of India by creating new asset classes around real estate and infrastructure, today announced that Michael B. McCook, former senior investment officer of real estate for the California Public Employees Retirement System (CalPERS), has joined Trikona Group as one of three senior advisors. Mr. McCook will advise the fund management division of the Trikona Group, having spent over 20 years in senior executive...
VFA, Inc., the leading provider of software and services for facilities capital planning and asset management, and Bricsnet, a leading provider of solutions for executive decision support and strategic planning in real estate, today announced a strategic alliance designed to help clients improve operating efficiencies and long-term planning for their real estate portfolios. Together, VFA and Bricsnet offer organizations with large, complex real estate...
TIAA-CREF Global Real Estate announced today that One Boston Place in Boston is the first building to earn the Leadership in Energy and Environmental Design (LEED) Gold designation from the United States Green Building Council (USGBC) for Existing Buildings: Operations & Maintenance. LEED for Existing Buildings: Operations & Maintenance is a rating system that recognizes buildings with maximum operational efficiency and minimal environmental...
Eastern Light Capital, Incorporated. a specialty lender organized as a real estate investment trust (“REIT”), announced net income of $5,244 ($0.01 basic and diluted per share) for the three months ended September 30, 2008, as compared to net loss of $764,368 (($2.01) basic and diluted) for the like period in 2007. ELC also reported net income of $16,610 ($0.04 basic and diluted per share) for the nine months ended September 30, 2008 as...
For the millions of Americans who have become unsettled by recent Wall Street losses, identifying solid alternatives for current and future investment has become a popular topic of conversation. The answer is literally right under their feet. By planting money in land, investors have the opportunity to take advantage of the high yield returns offered by the steady growth of land values in recent years. A recent index from United Country Real Estate,...