NAR Selects New Bilateral Partners

Monday, November 10th 2008

Today’s real estate market knows no borders, which is why the National Association of Realtors® has been expanding its network of business partnerships around the world and has recently established new bilateral agreements with seven national partners in Europe, Latin America and Asia. “Over the past two years, as the domestic real estate market has flattened, global business has remained a mainstay for many of our members who are involved... 

REALTORS(R) Help Buyers, Sellers, With Short Sales Solutions

Monday, November 10th 2008

When families lose their homes to foreclosure, communities, the housing market and the economy all suffer. Short sales are one way that some troubled homeowners can avoid foreclosure, and Realtors® at the Short Sales Solutions session today at the 2008 REALTORS® Conference & Expo gained valuable insights into how to facilitate these complex sales. “Homeowners who are struggling to make their mortgage payments must have more options available... 

Green Can Mean Gold for Realtors(R) and the Home Buyers and Sellers They Serve

Sunday, November 9th 2008

Green buildings and business practices help conserve significant amounts of natural resources and can mean added business opportunities for Realtors®. As environmental concerns continue to grow among consumers, Realtors® attending today’s “Making Green Building Work for You and Your Clients” session at the 2008 REALTORS® Conference & Expo learned more about how to help buyers and sellers bring green into their homes. Homes... 

CBRE Realty Finance Inc. Announces Move to OTC Market

Saturday, November 8th 2008

CBRE Realty Finance, Inc. announced that the Company was notified by the New York Stock Exchange that it will permanently suspend trading of the Company’s common stock as of the close of market on November 7, 2008. The delisting is the result of the fact that the Company has fallen below the NYSE continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of at least $25 million. As of November... 

Robert Webber to Become CEO; Warren Haruki to Become Chairman of Maui Land & Pineapple Company, Inc.

Saturday, November 8th 2008

Maui Land & Pineapple Company, Inc. announced the appointment of Warren Haruki as chairman and Robert (Rob) Webber as president and CEO, effective January 1, 2009. They replace David Cole who resigned earlier this week after five years as chairman, president and CEO of the 100-year old company. Cole will continue to serve as a director and will be the Company’s representative to the boards of Hawaii BioEnergy and Hawaii Superferry. “Rob Webber... 

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,... 

Turnberry, Ltd. and Group 24 Announce 50-50 Partnership to Develop San Francisco Residential Tower

Wednesday, November 5th 2008

Group 24, LLC, announced it has become a 50 percent partner with Turnberry, Ltd., one of the United States’ premier real estate companies, in the development of Turnberry Tower, a 40-story, luxury condominium project slated for San Francisco’s Rincon Hill neighborhood. Group 24’s major investment in the $300 million residential tower is the firm’s first project with Turnberry. “Turnberry has set the standard for upscale living in major cities... 

URDANG and Onyx Equities Sell White Plains, NY, Office Building for $82 Million

Wednesday, November 5th 2008

URDANG, part of BNY Mellon Asset Management, and Onyx Equities, LLC, have completed the sale of a 320,000-square-foot office building in White Plains, New York, for $81,775,000. The multi-tenant, fully occupied building at 1311 Mamaroneck Avenue had been part of the URDANG Value-Added Fund, L.P. portfolio, a real estate investment vehicle formed by URDANG Capital Management, Inc. to acquire a portfolio of value-added properties located throughout... 

Topland Completes EUR361 Million Sale and Leaseback in Spain

Wednesday, November 5th 2008

EROSKI has created a joint venture company with Topland to hold a part of its portfolio of hypermarkets in Spain. Cushman & Wakefield (C&W), the global real estate consultant, has been the advisor in the deal. The intention of both parties is to create a single JV that will own most of EROSKI’s hypermarkets in Spain. The transaction amounts to 361 million euros, the biggest hypermarket sale & leaseback transaction made in Spain,... 

N-Play Brings Needed Changes to Real Estate Industry

Wednesday, November 5th 2008

N-Play RE LLC, a real estate service company, has launched a new way for homebuyers, sellers, and real estate agents to conduct business online. The Company had been in beta since July and has now launched nationally. N-Play provides an online service for buyers to make offers on homes in a transparent, engaging and competitive online environment. The service eliminates the traditional gauntlet that buyers must go through to simply make an offer on...