Most Home Corp. Enters into Letter of Intent With DataVision to Sell Netupdate

Tuesday, November 25th 2008

Most Home Corp. announced it has entered into a non-binding letter of intent with DataVision Inc., of Mishawaka, Indiana, to sell all or substantially all of the operating assets of its wholly owned subsidiary, Netupdate Inc., a developer of leading technologies for mortgage lenders. The parties to the letter of intent expect to enter into a definitive agreement, subject to customary due diligence, on or about January 1, 2009. The sale of Netupdate... 

Cavalier Names Tesney President and CEO

Tuesday, November 25th 2008

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... 

Industrial Online Auction Company AssetNation, Inc. Formed

Friday, November 21st 2008

AssetNation, Inc. was formed to be the world’s leading industrial online auction provider. AssetNation has created a global marketplace that assembles some of the strongest brands in the online auction community, which include SalvageSale, SalvageSale Ltd (UK) and CapitalAssetSale. The flagship brand, SalvageSale, supports commercial property and casualty insurance companies by dramatically increasing recoveries on damaged commercial and industrial... 

Two Experienced Real Estate Executives Join Watt Companies to Lead Acquisition Efforts

Tuesday, November 18th 2008

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... 

Two Experienced Real Estate Executives Join Watt Companies to Lead Acquisition Efforts

Tuesday, November 18th 2008

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... 

Nexia Signs Letter of Intent to Acquire Beachfront Property in Mexico

Wednesday, November 5th 2008

Nexia Holdings, Inc. reported that on Tuesday, October 28, 2008 it signed a Letter of Intent with Alexander Lindale, LLC to acquire three lots of beachfront property in the Playa Palmeras tourist community. The purchase price of $310,000 will be paid with the issuance of 62,000 restricted shares of Series C Preferred Stock of Nexia. This development is the first on the Campeche Gulf Coast, located approximately 40 kilometers/24.8 miles from Campeche,... 

AbitibiBowater announces intention to sell approximately 76,700 hectares of select timberland assets in Quebec

Wednesday, October 29th 2008

AbitibiBowater announced that it intends to divest three forest units located in the Mauricie and Bas-Saint-Laurent regions in the Province of Quebec, Canada. These timberland assets include the Seigneuries of Perthuis, Nicolas-Riou and Lac Metis, which comprise a total area of approximately 76,724 hectares (or 189,508 acres) and have a timber inventory of over 7.7 million cubic meters. Scotia Capital Inc. has been retained as exclusive financial... 

Barnes & Noble to Open New Store in The Shops at Wiregrass at 28152 Paseo Drive, Wesley Chapel, Florida

Saturday, October 18th 2008

Barnes & Noble, Inc., the world’s largest bookseller, will open a new bookstore on October 30 in The Shops at Wiregrass at 28152 Paseo Drive, Wesley Chapel, Florida. The store will stock close to 200,000 book, music, DVD and magazine titles and include a café serving Starbucks coffee. The new Barnes & Noble Wiregrass will be open every day from 9 a.m. to 11 p.m. and employ approximately 100 people from the community. The public is invited... 

Weyerhaeuser Signs a Non-Binding Letter of Intent to Sell Commercial Construction Business To Atlas Holdings

Friday, October 10th 2008

Weyerhaeuser Company signed a non-binding letter of intent to sell its Trus Joist® Commercial division to Greenwich, Connecticut-based Atlas Holdings. The proposed transaction will include four manufacturing plants across the United States (located in Chino, Calif.; Hillsboro, Ore.; Delaware, Ohio and Stayton, Ore.) and 13 sales and engineering offices. About 428 employees concentrated in the Northwest, Southwest and East serve the business. “Our... 

Brookwood Financial Partners, L.P. Continues its Lot Acquisition Strategy with the Purchase of Calusa Creek

Thursday, September 18th 2008

Brookwood Financial Partners, L.P. announced that its affiliate, Brookwood Value Partners, LLC, has made its second purchase of residential lots in Southwest Florida. Brookwood closed on the acquisition of 106 single-family lots, 118 townhome lots and one commercial lot in Calusa Creek, a planned residential community in Punta Gorda, Florida. In August of 2008, Brookwood purchased 214 residential lots, and contracted to purchase another 140 lots once...