Prime Group Realty Trust Announces Updated Purchase Price and Timing on Sale of 180 North LaSalle Street

Wednesday, November 26th 2008

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 gross purchase price for the Property... 

Analysts In Media Launches Real Estate Showcase for Foreign Investors

Wednesday, November 26th 2008

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 2009 in Dubai and a second event will follow in Moscow.... 

Grubb & Ellis Directors Receive Support From Another Leading Proxy Advisory Firm

Wednesday, November 26th 2008

Grubb & Ellis Company, a leading real estate services and investment firm, today announced that RiskMetrics Group (formerly Institutional Shareholder Services or ISS) recommends that Grubb & Ellis stockholders vote “FOR” the re-election of all three of the Board’s incumbent directors — Harold H. Greene, Devin I. Murphy and D. Fleet Wallace — at the company’s Annual Meeting of Stockholders on Wednesday, December 3, 2008. RiskMetrics is the third independent... 

Analysts In Media Launches Real Estate Showcase for Foreign Investors

Wednesday, November 26th 2008

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 in Dubai and a second event will follow in Moscow.... 

Och-Ziff Capital Management Group LLC Announces New Senior Management Hires in Asia

Tuesday, November 25th 2008

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 other countries throughout Asia and the Pacific. The... 

Buy Real Estate Now Advises Midwestern Bestselling Author Marian Snow in Success Magazine, Featured Alongside Rachael Ray, Mitch Albom, Dr. Sanjay Gupta and Donny Deutsch of CNBCs Big Idea

Tuesday, November 25th 2008

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 so many distressed properties flooding... 

Och-Ziff Capital Management Group LLC Announces New Senior Management Hires in Asia

Tuesday, November 25th 2008

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 new hires include Zain Fancy, formerly Managing Director... 

Buy Real Estate Now Advises Midwestern Bestselling Author Marian Snow in Success Magazine, Featured Alongside Rachael Ray, Mitch Albom, Dr. Sanjay Gupta and Donny Deutsch of CNBCs Big Idea

Tuesday, November 25th 2008

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 so many distressed properties flooding... 

Lexington Realty Trust Announces Quarterly Dividend of $0.18 per Common Share and Targeted Common Share Dividend for 2009

Tuesday, November 25th 2008

Lexington Realty Trust announced that it declared a regular common share dividend/distribution for the quarter ended December 31, 2008 of $0.18 per common share/unit payable on January 15, 2009 to shareholders/unitholders of record on December 31, 2008. Lexington also declared dividends of $0.503125 per Series B Cumulative Redeemable Preferred Share, $0.8125 per Series C Cumulative Convertible Preferred Share, and $0.471875 per Series D Cumulative Redeemable Preferred Share. The Series B and Series... 

Fluor Announces Plan to Relocate UK Operations Centre

Tuesday, November 25th 2008

Fluor Corporation announced today that it signed a contract to relocate its current UK headquarters and operations centre to SEGRO’s IQ Farnborough development in Hampshire. Financial terms of the transaction were not disclosed. The real estate contract with SEGRO is to build a new company headquarters with a state-of-the art, four-building complex comprising approximately 210,000 square feet. The new headquarters will consist of one building of approximately 76,000 square feet owned by Fluor and...