Carlton to Sell $88 Million of Performing and Nonperforming Commercial Loan Assets in Florida

Carlton Advisory Services’ Chairman Howard L. Michaels announced that Carlton has been retained as the exclusive loan sale advisor to market and sell approximately $88 million of performing and nonperforming commercial mortgage loan assets on behalf of an institutional client. The Offering Solicitation is available now and indicative bids are due September 17, 2008. There are twenty performing and non-performing commercial loan assets. The portfolio... 

American Realty Capital Continues Expansion of Executive Team with Appointment of In-House Counsel

American Realty Capital announced the appointment of Jesse Galloway as its Assistant General Counsel. Mr. Galloway will advise ARC’s senior management team on real estate related legal issues. He will work closely with the Company’s outside legal counsel in representing ARC in its commercial real estate and financial transactions, including legal activities related to American Realty Capital Trust, the non-traded, public REIT which ARC advises,... 

New Comprehensive Scientific Review Shows Granite Countertops are Safe

The most comprehensive review of scientific data on radon emissions from granite countertops shows that contribution to indoor radon levels is well below EPA’s guideline for action and even levels found in outdoor air. The study reviewed more than 500 measurements of radon emissions from granite published in peer-reviewed scientific journals. It showed that the average granite slab contributes to indoor radon levels that are: – 300 times... 

HFF Arranges $90 Million Construction Loan for Archstone Avenir in Boston

The Boston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced that they arranged a $90 million construction loan for the development of Archstone Avenir, a 241-unit multifamily community in Boston, Massachusetts. HFF executive managing director Jody Thornton, director Anthony Cutone and associate director John Ahmed worked exclusively on behalf of Archstone to secure the 36-month construction loan through NEBF Investments (National... 

SMALL-FRAME MACHINES SHOW OFF STRENGTH, STABILITY IN JOHN DEERES SKID STEER SMACKDOWN

The John Deere 313 takes on the competition again in a two-part test of sheer muscle power and hill climbing ability in the latest battle on Deere’s Skid Steer Smackdown Web site.

Business Park Serving Los Angeles and the Inland Empire is Acquired by Koll/PER Partnership for $39.9 Million

A 313,367-square-foot, multi-tenant business park that straddles the county line between Los Angeles and San Bernardino counties in Upland, Calif., has been acquired for $39.9 million by Koll/PER, a limited liability company owned by The Koll Company, the Newport Beach, Calif.-based real estate acquisition, development and management firm, and the Public Employee Retirement System of Idaho (PERSI). Consisting of 17 single-story industrial, office... 

NEW JOHN DEERE 75D EXCAVATOR GREAT FOR LIGHT SITE AND UNDERGROUND WORK, LANDSCAPING

John Deere introduces the 75D mid-sized hydraulic excavator. This conventional boom, reduced tail swing unit weighs in at 17, 637 pounds, has a 15-foot, 1-inch dig depth and is perfect for light residential, site development, underground and landscaping duties. “This excavator’s reduced tail swing and 360-degree rotation enable it to get into tight spaces, ” said Mark Wall, excavator product marketing manager for John Deere. “Once... 

IOG Scotsturf Order Book Means Good Vibrations For Midland Power Machinery Distributors

Having just received an order for a mixture of over 300 pedestrian mowers as well as brushcutters and hedgecutters as a direct result of exhibiting at last year’s IOG Scotsturf exhibition, John McGhee, area sales manager for Midland Power Machinery Distributors, is understandably a happy man.The five-figure deal is the latest in “a significant increase in business secured from local authorities and contractors” from the show, he says. “This... 

Caterpillar 4Q Profit Rises As High Costs Offset Strong Sales

Heavy equipment maker Caterpillar Inc. said Friday that higher operating costs trimmed fourth-quarter profit growth to 4 percent, but predicted strong results for 2007 despite an expected slowdown in U.S. machine and engine sales. The forecast sent the company’s shares up more than 2 percent in trading on the New York Stock Exchange, even though it mirrored a revised outlook issued three months ago that predicted Caterpillar’s four-year... 

John Deere introduces 5603 and 5625 tractors

John Deere introduces the new 5603 and 5625 Tractors, both rated at 99 engine horsepower. The 5603 Tractor comes standard with a 12/12 PowrReverser transmission, a rear selective control valve, Mechanical Front Wheel Drive, MFWD, axle, 540 Economy PTO, and a spacious cab. Several optional features on the 5603 Tractor include mid-mount SCVs for loader work, factory installed loaders, and two different tire options. The 5625 (see photo) Tractor is an...