Cavalier Names Tesney President and CEO

Cavalier Homes, Inc. announced that its Board of Directors has appointed Bobby Tesney President and Chief Executive Officer of the Company. In August, Tesney assumed these positions on an interim basis pending the retention of a permanent President and Chief Executive Officer. With this action, the Board has concluded its executive search. Commenting on the announcement, Barry B. Donnell, Chairman of the Board, said, “We are pleased with the... 

Stantec Makes Offer to Acquire Environmental Consulting Firm Jacques Whitford

North American design firm Stantec announced it has offered to acquire Jacques Whitford, an environmental consulting services firm with more than 1,700 employees and 40 offices principally in Canada. The company’s trailing twelve month gross revenue is approximately C$230.0 million and net revenue is about C$170.0 million. The transaction, expected to be completed in January 2009, is subject to satisfactory due diligence, regulatory approvals,... 

Mark Lewis Named CFO of MWVs Community Development and Land Management Group

MeadWestvaco Corp. announced Mark Lewis has joined the MWV Community Development and Land Management Group as the new chief financial officer, effective November 10. In this role, Mr. Lewis will focus on enhanced strategic planning, as well as overseeing financial analysis, reporting, and operations and information systems support. “The Community Development and Land Management group is growing a sustainable real estate business and providing sustainable... 

Going Public, LLC Is Pleased to Announce That It Was Retained by Omni Ventures, Inc. (www.omniventures.biz), a Company With Plans to Provide Investment Capital for Real Estate Developments

Going Public, LLC is pleased to announce it was retained by Omni Ventures, Inc. in September 2008. Omni Ventures, Inc., located in Olathe, Kansas, is going public with plans to provide investment capital for real estate developments. “We are very excited to be partnering with Omni Ventures to assist them in going public on the OTC Bulletin Board,” said Marvin K. Rowe II of Going Public, “and we look forward to being a part of their... 

Mortgage Network Introduces MN 55+

Mortgage Network, Inc., the largest independent mortgage company in the Northeast, today announced MN55+. The new advisory service is designed specifically for the unique needs of today’s mature homeowners. The 55+ age group represents several unique market segments that exemplify major shifts in their views and perceptions on life, work, health and wellness, shopping, travel, technology and finances. In the face of declining investment portfolios,... 

On the Cusp of Black Friday, Colliers International Issues Semi-Annual Retail Report, Showing Marked Weakness in Retail Real Estate as 2009 Approaches

The U.S. retail market has undergone a sea change not experienced in this country since the early 1980s, according to the bi-annual Retail Real Estate Report issued today by Colliers International, a leading global real estate services firm. Due to recessionary conditions, retail real estate will be significantly afflicted for the remainder of this year and well into 2009, according to Colliers. Several reasons drive this monumental slowdown in retail... 

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... 

USG Corporation Announces Agreement to Sell $400 Million of Contingent Convertible Senior Notes

USG Corporation, a leading building products company, reported that it has entered into an agreement to sell a total of $400 million of 10 percent contingent convertible senior notes due 2018, $300 million to Berkshire Hathaway Inc. and $100 million to Fairfax Financial Holdings Limited. The notes will initially bear interest at a rate of 10 percent per annum. In accordance with New York Stock Exchange rules, USG will seek shareholder approval to... 

Van der Moolen strengthens position in worldwide trading with a participating interest in GSFS

Van der Moolen Holding N.V. (“Van der Moolen”) and Global Securities Finance Solutions Holding B.V. (“GSFS”) have the intention to integrate the activities of GSFS in Van der Moolen. Today at the end of business a letter of intent has been signed. Van der Moolen will participate in GSFS AM for 49.9% stake and for 33.3% stake in GSA. According to expectation all this will have a positive impact on the earnings per share of Van... 

Wilshire Finance Partners Expands Services to Provide Financing for Section 8 Redevelopment Nationally

Wilshire Finance Partners has expanded its lending services to include funding for redevelopment of affordable housing nationwide. The surplus of vacant single family residences on the market, combined with a lack of Section 8 housing has created a window of opportunity to redevelop properties that will comply with affordable housing guidelines, according to Thomas OBryon, CEO. Unfortunately, funds are not being made readily available for redevelopment...