Glenborough Appoints New Property Manager at Foundry Square I

Glenborough, LLC, a San Mateo, CA real estate investment and management company specializing in office properties, is pleased to announce the appointment of Christine McGrath as property manager for its recently completed Foundry Square I, a 336,000 square foot Class A office building located in San Francisco’s South of Market Financial District. Ms. McGrath’s property management experience spans more than 10 years, including several downtown Class A buildings such as 550 Kearney, 100... 

Microfluidics International Corporation Announces $5.0 Million Convertible Debt Financing

Microfluidics International Corporation announced today that the Company has secured $5.0 million of financing via a convertible debenture from a strategic investor. “This financing provides significant working capital to support the Company’s strategic plan for growth, including research and development initiatives to bring new products and services to the market for our customers,” said Michael C. Ferrara, President and Chief Executive Officer of Microfluidics. The convertible debenture... 

CB Richard Ellis Group, Inc. Announces Underwriters Exercise of Option to Purchase Additional 7,500,000 Shares of Class A Common Stock

CB Richard Ellis Group, Inc announced today the underwriters exercised their option to purchase 7,500,000 additional shares of the Company’s Class A common stock at an offering price of $3.77 per share. As a result, the estimated net proceeds of the offering have increased to approximately $207.1 million. CB Richard Ellis expects to use the proceeds from the sale for general corporate purposes. The offering is being conducted as a public offering registered under the Securities Act of 1933, as... 

Boardwalk Real Estate Investment Trust (BEI.UN – TSX) to Attend the 2008 NAREIT Annual Convention

Boardwalk REIT announced that Chairman and Chief Executive Officer Sam Kolias and President Rob Geremia will attend the 2008 NAREIT Annual Convention to be held November 19-21, 2008 at the Manchester Grand Hyatt, One Market Place in San Diego, CA. Corporate Profile Boardwalk REIT is Canada’s largest owner/operator of multi-family rental communities. Boardwalk REIT currently owns and operates in excess of 260 properties with 36,785 units totalling approximately 40 million net rentable square... 

Cook Group To Renovate Downtown Canton Buildings

CGI Real Estate Holdings, LLC, a Bloomington Indiana-based Cook Group company, purchased two buildings in downtown Canton, in June. The Randolph building, built in 1883, located at 3 & 5 East Side Square and 15 East Side Square are now being renovated. “These are great old and once-vibrant buildings. It will be a joy to bring life back to them,” said Jim Murphy, President, CFC. Inc., Cook Group’s real estate development and management company. CFC, Inc. will manage both the renovation and... 

RioCan Real Estate Investment Trust Announces November 2008 Distribution

RioCan Real Estate Investment Trust announced a distribution of 11.5 cents per unit for the month of November. The distribution will be payable on December 8, 2008 to unitholders of record as at November 30, 2008. About RioCan RioCan is Canada’s largest real estate investment trust with a total capitalization of approximately $6.6 billion. It owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 238 retail properties, including 14... 

MINT Income Fund – Rights Offering

MINT Income Fund is pleased to announce that it has filed a final prospectus in connection with an offering of Rights to its unitholders to subscribe for Units (the “Rights Offering”). Unitholders of record at the close of business (Toronto time) on November 24, 2008 will receive one Right for each MINT Unit held on the record date. The Rights will commence trading on the Toronto Stock Exchange under the symbol MID.RT.A on November 20, 2008. Three Rights will entitle the holder to purchase... 

MAXXAM Reports Results for Third Quarter 2008 and First Nine Months of 2008

MAXXAM Inc. reported a net loss of $65.4 million, or $14.34 per share loss, for the third quarter of 2008, compared to a net loss of $10.5 million, or $2.00 per share loss for the same period a year ago. The Company’s results for the three and nine months ended September 30, 2008 were negatively impacted by a $52.3 million provision for federal income taxes, or $11.47 and $11.02 per share loss, respectively, reflecting the write-off of deferred tax assets expected to be utilized upon recording... 

ING Clarion Real Estate Income Fund IIA Declares Monthly Distribution for November

The Board of Trustees of the ING Clarion Real Estate Income Fund, which trades on the New York Stock Exchange under the symbol “IIA”, declared a monthly distribution of $0.045 per share for the month of November 2008. The previous monthly distribution amount was $0.115 per share. The following dates apply: IIA’s current distribution rate represents an annualized yield of 13.8% based on the closing market price of $3.90 on November 13, 2008 and a 10.8% yield on a closing NAV of $5.01 as of... 

Extendicare REIT Defends Itself Against Copycat Lawsuit

Extendicare Real Estate Investment Trust (Extendicare REIT) said claims made in a class action lawsuit filed today in the State of Wisconsin, Circuit Court, Milwaukee County against Extendicare Health Services, Inc., Extendicare Health Network, Inc. and Extendicare Homes, Inc. subsidiaries of Extendicare REIT, are incorrect and misleading. Extendicare will vigorously defend against the lawsuit in court. The lawsuit is brought as a class action under Wisconsin’s Deceptive Trade Practices Act. We...