Prime Group Realty Trust announced that Younan Properties, Inc. and an affiliate (“Purchaser”), and the subsidiary of the Company (the “Seller”) that owns 180 North LaSalle Street in Chicago, Illinois (the “Property”), amended the purchase and sale agreement (the “Agreement”) to (i) provide Purchaser certain credits against the Purchase Price, and (ii) remove the Purchaser’s right to extend the closing date past December 17, 2008. ADVERTISEMENT The...
WSP Group USA has been ranked No. 1 on the authoritative ZweigWhite list of fastest-growing engineering, environmental and architecture firms for 2008. This award reflects the firm’s consistent growth and success at outperforming the economy and their competitors to become market leaders. The annual “Zweig Letter Hot Firm List” is open to all US- and Canada-based firms in the fields of engineering, environmental consulting, architecture...
The Allen Group, developers of the Dallas Logistics Hub (DLH), a 6,000-acre multi-modal logistics park in Southern Dallas County, announced today an execution of a lease with Bridge Terminal Transport (BTT), one of the largest marine container haulers covering all major port locations and inland rail sites within the United States. BTT is a market leader in worldwide container services, agency, logistics and terminal activities. The company will relocate...
American Community Properties Trust announced today that it has reached agreement on a third amendment to the Company’s sales agreement with Lennar Corp., and has sold its interest in a joint venture to the homebuilding company. The Company also announced that its Board of Trustees authorized a cash dividend of $0.10 per share on common shares outstanding. The dividend will be payable on December 29, 2008 to shareholders of record on December...
Analysts In Media (AIM) has recently launched the Real Estate Foreign Investment Showcase (REFIS). Two events will make up the showcase, which provides an opportunity for foreign investors to enter the real estate market in major cities worldwide. Current market research indicates a shift in global markets, making this event a timely strategic opportunity for developers and investors. The first REFIS event will take place in the second quarter of...
nalysts In Media (AIM) has recently launched the Real Estate Foreign Investment Showcase (REFIS). Two events will make up the showcase, which provides an opportunity for foreign investors to enter the real estate market in major cities worldwide. Current market research indicates a shift in global markets, making this event a timely strategic opportunity for developers and investors. The first REFIS event will take place in the second quarter of 2009...
Och-Ziff Capital Management Group LLC (NYSE: OZM – News; “Och-Ziff”), today announced that it has hired four senior real estate investment professionals in Asia in a continued effort to augment Och-Ziff’s global real estate capabilities. The four principals will join Och-Ziff Asia Real Estate as Executive Managing Directors and will focus on building out an Asian real estate platform in Hong Kong, Singapore, China, India and...
Look into many personal finance magazines lately and you’ll find a plethora of articles by a certain St. Louis author about safely protecting your wealth through residential real estate. And hitting newsstands now is the December issue of Success, where this long-time real estate investor turned bestselling author and now up-and-coming speaker writes in the Wealth column about her favorite investment for the past 20 years, residential real estate. With...
Och-Ziff Capital Management Group LLC announced that it has hired four senior real estate investment professionals in Asia in a continued effort to augment Och-Ziff’s global real estate capabilities. The four principals will join Och-Ziff Asia Real Estate as Executive Managing Directors and will focus on building out an Asian real estate platform in Hong Kong, Singapore, China, India and other countries throughout Asia and the Pacific. The...
Look into many personal finance magazines lately and you’ll find a plethora of articles by a certain St. Louis author about safely protecting your wealth through residential real estate. And hitting newsstands now is the December issue of Success, where this long-time real estate investor turned bestselling author and now up-and-coming speaker writes in the Wealth column about her favorite investment for the past 20 years, residential real estate. With...