Oaks Development Group Closes on 2.1 Acres for Medical Office Building in Palm Coast, FL

North Carolina-based Oaks Development Group announced closing on the construction loan for 2.1 acres at Pinnacles Park in Palm Coast, FL. Oaks will develop a planned medical office building on the property. SunTrust Bank in Cary, NC handled the loan closing for the project. Site work is scheduled to begin by the end of the year. Oaks is developing the 20,000-square-foot building using its unique ownership model that provides tenants with a piece of the ownership pie without requiring upfront equity.... 

Real Estate Leaders Support Green Innovation

Enterprise, today, announced that the 2008 ULI Fall Meeting and Urban Land Expo will be completely carbon neutral as a result of funding from the Enterprise Green Communities Offset Fund(TM). Enterprise will “offset” all the emissions of carbon dioxide generated by the meeting by providing funds to reduce an equivalent amount of emissions in environmentally sustainable affordable housing developments participating in Enterprise’s Green Communities® initiative. “ULI’s... 

Industry Leaders Launch UJA-Federation of New Yorks 2008 REX Premiere Event at the Puck Buildings Skylight Ballroom

UJA-Federation of New York will bring together 250 leading young professionals from New York’s real estate, construction, and allied trade industries, including developers, owners, brokers, attorneys, and investment strategists, for one of the most exclusive nights in the industry at its annual Real Estate and Allied Trades Division’s REX Premiere Event on Thursday, November 6, 2008, at 6:30 p.m. at the Puck Building’s Skylight Ballroom, 205 Lafayette Street, New York City. David... 

Ash Grove Cement Company Earns Working for Cleaner Air Award From North Texas Clean Air Coalition

Ash Grove Cement Company’s Midlothian, Texas cement plant earned the “Working for Cleaner Air Employer of the Year” award from the North Texas Clean Air Coalition (NTCAC). The North Texas Clean Air Coalition announced that Ash Grove received the top 2008 award for North Texas companies with less than 500 employees at events with civic and business leaders in Dallas and Fort Worth. Ash Grove’s Midlothian plant is the first Texas cement manufacturer recognized in the five-year... 

PSM Holdings, Inc. (PSMH) Executes Memorandum of Understanding (MOU) Referencing the Planned Execution of a Merger Agreement

PSM Holdings, Inc. executes memorandum of understanding (MOU) referencing the planned execution of a merger agreement. This agreement would combine two outstanding financial services companies bringing PSMH to a highly sought after, financially strong and efficient company. “PSMH anticipates an acquisition of Complete Financial Services, Inc. (CFSI) which, combined with its already wholly owned PrimeSource Mortgage, Inc. (PSMI), would bring a total combined 122 offices in approximately 30 states... 

Building Contractors, Labor and Education Form Partnership to Build California Construction College in San Jose

A coalition of construction employers, labor and the San Jose/Evergreen Community College District has been working for four years to develop a solution to the construction industry’s need for more highly trained construction managers, project engineers, job estimators and supervisors to replace retiring Baby Boomers. The group, operating under the imprimatur of the Santa Clara County Construction Careers Association (S4CA), today announced the formation of the California Construction College (CCC),... 

Green Courte Partners, LLC Announces Strategic Partnership With Scully Partners LLC

Green Courte Partners, LLC announce the formation of a strategic partnership with Mark Scully to expand Green Courte’s focus on the ownership, leasing and development of “Main Street” retail/mixed-use properties in Colorado. Scully will provide regional oversight of Green Courte’s existing projects in Steamboat Springs, Boulder and Ft. Collins, and will assist in identifying new investment opportunities throughout the state. Randy Rowe, the Chairman of Green Courte Partners,... 

NAR, Mayors Recognize Allentown, Pa., for Helping Hometown Heroes Become Homeowners

The National Association of Realtors® and the U.S. Conference of Mayors have named Allentown, Pa., an Ambassador City for its Hometown Heroes program, which creates homeownership opportunities for the city’s police officers, firefighters and emergency services personnel. The Hometown Heroes program was created through a partnership between the Lehigh Valley Association of Realtors® and the city of Allentown. The program provides need-based financial assistance and home buyer education to... 

Scottsdale Quarter Will Be Home to an Enticing Mix of Upscale and New-To-Arizona Restaurants and Retailers

Glimcher Realty Trust, one of the nation’s leading retail developers of upscale shopping and lifestyle centers, today confirmed some of the key retailers and restaurant merchants that will occupy Scottsdale Quarter. Scottsdale Quarter will include over 600,000 square feet of premium retail and office space in the heart of Scottsdale, Arizona and is planned to open Phase I in spring 2009. Of the tenants announced, many are making their Phoenix/Scottsdale area debut. Scottsdale Quarter is scheduled... 

The Guardian Life Insurance Company of America Agrees to Invest $30 Million in Kennedy Wilson

The Guardian Life Insurance Company of America (Guardian), has agreed to purchase a major interest in the real estate services and investment firm of Kennedy Wilson. The announcement came today from William McMorrow, chairman of Kennedy Wilson and Thomas Sorell, Executive Vice President & Chief Investment Officer of Guardian. Under the terms of the transaction, Guardian will purchase $30 million of convertible subordinated debt in Kennedy Wilson. When converted, this provides Guardian a 10.0%...