BC’s 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... 

LandAmerica Moves Forward

LandAmerica Financial Group, Inc. announces that the merger agreement previously executed on November 7, 2008 with Fidelity National Financial, Inc. (“Fidelity”) has been terminated. Under the agreement, Fidelity had sole discretion to terminate on or before November 21, 2008. LandAmerica Chairman and Chief Executive Officer Theodore L. Chandler, Jr. said, “We are disappointed with Fidelity’s decision; however, our attention... 

MSB, Enservio Link Speeds Contents Claim Processing

Property insurance information provider MSB and contents valuation provider Enservio deliver good news to the property insurance industry. Today the companies announce an alliance for delivering contents valuations for property claims through electronic integration between MSB’s IntegriClaim® property claim estimating solution and Enservio’s contents claims management process. Property insurers leveraging IntegriClaim’s Administrator... 

Runways to Open at Dulles, OHare and Sea-Tac

Airports Council International–North America (ACI-NA) applauded the opening of three new runways at major hub airports this week, and commended the airports and the Bush Administration for helping to reduce delays and increase aviation efficiency and capacity. Dulles, O’Hare and Seattle-Tacoma International Airports all celebrate new runway openings on November 20. Department of Transportation Secretary Mary Peters and Acting Federal Aviation... 

California Luxury Home Values Decrease

California luxury home prices declined in the third quarter of 2008 from a year ago and from the second quarter of 2008, according to the First Republic Prestige Home Index(TM) by First Republic Bank, a leading provider of private banking, private business banking and wealth management services. In the quarter ended Sept. 30, 2008, the Index indicated the following: – Los Angeles area values fell 1.9% from the second quarter of 2008 and 4.2%... 

Learn about the World Building Materials Market Brief

Reportlinker.com announces that a new market research report related to the Building materials industry is available in its catalogue. World Building Materials Market Brief The global outlook series on Building Materials provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global construction landscape, identifies major market segments, and offers a bird’s... 

Matrix Service’s CEO Michael Bradley to Speak at Stephens Fall Investment Conference in New York

Matrix Service Co. a leading industrial services company, today announced that Chief Executive Officer Michael J. Bradley will present at Stephens Fall Investment Conference to be held in New York at the Palace Hotel on November 18 and 19, 2008. Matrix Service’s presentation is scheduled to take place on Tuesday, November 18th at 1:30pm eastern in Holmes I. Interested parties can listen to the presentation via Webcast by visiting the Investor... 

TIAA-CREF Global Real Estate’s One Boston Place Awarded First LEED-EB Gold Certification for Operations and Maintenance

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... 

Boardwalk Real Estate Investment Trust (“BEI.UN” – TSX) to Attend the 2008 NAREIT Annual Convention

Boardwalk REIT announced that Chairman and Chief Executive Officer Sam Kolias and President Rob Geremia will attend the 2008 NAREIT Annual Convention to be held November 19-21, 2008 at the Manchester Grand Hyatt, One Market Place in San Diego, CA. Corporate Profile Boardwalk REIT is Canada’s largest owner/operator of multi-family rental communities. Boardwalk REIT currently owns and operates in excess of 260 properties with 36,785 units totalling... 

Extendicare REIT Defends Itself Against Copycat Lawsuit

Extendicare Real Estate Investment Trust (Extendicare REIT) said claims made in a class action lawsuit filed today in the State of Wisconsin, Circuit Court, Milwaukee County against Extendicare Health Services, Inc., Extendicare Health Network, Inc. and Extendicare Homes, Inc. subsidiaries of Extendicare REIT, are incorrect and misleading. Extendicare will vigorously defend against the lawsuit in court. The lawsuit is brought as a class action under...