Omega Healthcare Announces Public Offering of 6,000,000 Shares of Common Stock

Omega Healthcare Investors, Inc. announced an underwritten public offering of 6,000,000 shares of its common stock. The last reported sale of Omega’s common stock on the New York Stock Exchange on September 15, 2008 was $17.23. Omega expects to use the proceeds to repay indebtedness outstanding under its senior credit facility, for working capital and general corporate purposes. Completion of the offering is subject to customary closing conditions.... 

MRG Offers Initial Disclosures for Mortgage Brokers in 50 States

MRG Document Technologies (MRG), a provider of compliance and documentation services for the financial industry, announced the ability to offer initial disclosures to mortgage brokers in all 50 states. As state legislators throughout the country scrutinize their lending requirements and regulations in the wake of rising defaults and foreclosures, several new policies have been directed towards mortgage lenders and originators. Industry experts expect... 

ALTA President Testifies on RESPA Reform Before House Financial Services Subcommittee

American Land Title Association President Gary Kermott today testified before the House Committee on Financial Services Oversight and Investigations Subcommittee on the Department of Housing and Urban Development’s (HUD) proposed amendment to the Real Estate Settlement and Procedures Act (RESPA). In his opening comments, Kermott stated, “As we are all painfully aware, the real estate market is experiencing a downturn of historic proportions. The... 

U.S. Bank Agrees to Assume Leases for Smith’s Branches from Nevada State Bank

In keeping with Nevada State Bank’s (NSB) strategy to focus on full-service, freestanding branches, and following its recent acquisition of the insured deposits of the former Silver State Bank, officials from NSB, U.S. Bank and Smith’s Food & Drug Centers today announced that U.S. Bank has agreed to assume the leases for 28 NSB branches in Smith’s stores statewide. Today’s announcement follows the Sept. 5 announcement... 

Dramatic Drop in Housing Values Could Delay Retirement for Homeowners

For those approaching retirement age, the value of their homes accounts for a majority of total net worth1. A new research paper from Principal Funds geared for financial professionals explores how the dramatic and historic decrease in housing values – approximately $400 billion between 2007 to mid-2008 – has significantly altered the retirement plans of many Americans. The Impact of Diminishing Wealth on Future Consumption: How Housing Wealth... 

Distress Expected to Increase in Next Six Months for U.S. Homebuilding Industry

More distress is expected in the next six months for the $700 billion U.S. homebuilding industry, which has been hit hard by economic issues. Particularly at risk are small- to medium-sized builders, according to experts at Grant Thornton Corporate Advisory and Restructuring Services. National builders will continue to acquire sizeable local and regional builders, and the latter will consolidate among themselves to make them more attractive acquisition... 

Extra Space Storage Inc. to Present at Bank of America Investment Conference

Extra Space Storage Inc. announced today that the Company’s Executive Vice President and CFO, Kent Christensen, will give a company presentation followed by a breakout session at the Bank of America 38th Annual Investment Conference on Wednesday, September 17, 2008 starting at 10:30 a.m. Pacific Time. The presentation and breakout session will be broadcast live over the Internet and can be accessed by all interested parties through the Company’s... 

Carlton to Sell $88 Million of Performing and Nonperforming Commercial Loan Assets in Florida

Carlton Advisory Services’ Chairman Howard L. Michaels announced that Carlton has been retained as the exclusive loan sale advisor to market and sell approximately $88 million of performing and nonperforming commercial mortgage loan assets on behalf of an institutional client. The Offering Solicitation is available now and indicative bids are due September 17, 2008. There are twenty performing and non-performing commercial loan assets. The portfolio... 

THREE NEW COMPACT TRACK LOADERS EXTEND THE CATERPILLAR® RANGE OF RUBBER-TRACK MODELS

Three models of compact track loaders, the 279C, 289C and 299C, are the newest additions to the Caterpillar® line of rubber-track loaders. The new loaders feature durable, steel embedded track and steel undercarriage components for maximum life in aggressive applications. The new tracked machines deliver solid traction and reduced wear on sites with sticky, rocky soils. The new compact track loaders combine a freshly engineered suspension-type undercarriage,... 

Equity Based Services, Inc. Acquires $11.3 Million Facility in Las Vegas

Equity Based Services, Inc. announced the acquisition of Silverado Self Storage in Las Vegas, NV. Silverado is located at 8250 South Maryland Parkway, with ample frontage along Interstate 215. This Class-A, institutional investment grade facility is located in an affluent infill location within Las Vegas. The project is positioned between three major thoroughfares, situated within a high density, well established, upper income area. Silverado boasts...