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Lautenberg, Menendez Announce More Than $11 Million for Community Development, Access to Housing for...
NEWARK, NJ - August 12, 2011 - (RealEstateRama) -- U.S. Sens. Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced that the City of Camden, Union County and Union Township will receive more than $11,513,236 million in federal funding for community development, emergency homeless shelters, housing assistance and supportive services for persons with HIV/AIDS, and to expand access to affordable housing for low-and moderate-income families.
Charles Dunn Company Completes $7.95 Million Sale of a Single Tenant Retail Property Occupied...
LOS ANGELES, CA - August 12, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $7.95 million sale of a single tenant NNN-leased property occupied by CVS Pharmacy. The building totals 12,900 square feet and is located at 14426 Palmdale Road in Victorville, Calif.
Workshop For New Real Estate Investors In Connecticut
West Hartford, CT - August 11, 2011 - (RealEstateRama)
Sep 7, 14, and 21
6:00 to 9:00 PM
Crowne Plaza Hotel. 100 Berlin Road. Cromwell, CT
Tuition includes a 81 page real estate investment course manual.
Charles Dunn Company Completes $4.22 Million Sale of an 18-Unit
LOS ANGELES, CA - August 10, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the $4.22 million sale of an 18-unit multifamily property that was built in 2002 and is located at 821 Wilcox Ave. in Los Angeles.
Paramount Group Successfully Completes The Recapitalization Of 1633 Broadway And Increases Its Stake In...
New York, NY - August 3, 2011 - (RealEstateRama) -- Paramount Group, Inc., New York’s largest privately held international real estate investment and management firm, has recapitalized a 49 percent interest in its 1633 Broadway office tower. Affiliates of Morgan Stanley and Bank of America have exited the partnership and have been replaced by affiliates of Beacon Capital Partners, LLC and Paramount Group Real Estate Fund IV. SL Green Realty Corp. (NYSE:SLG) acquired a preferred equity interest as well. Paramount Group Real Estate Fund I retains its 51 percent controlling interest in the 2.5 million- square-foot Class A office tower where Paramount Group is headquartered. The prestigious tenant roster includes, Allianz, Time Warner, Deloitte LLP, Morgan Stanley, Dickstein Shapiro and Kasowitz, Benson, Torres & Freedman LLP
PCCP, LLC and B&M Management Company Form Joint Venture for the Acquisition of a...
New York, NY - August 3, 2011 - (RealEstateRama) -- PCCP, LLC announced today it formed a joint venture with Montgomery, AL-based B&M Management Company to acquire The Reserve at Research Park, a 736-unit Class B multifamily property located at ...
Faris Lee Investments Completes $6.6 Million Sale of a Best Buy Occupied Retail Property...
Irvine, CA - August 2, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $6.6 million sale of a NNN leased, single-tenant, 30,000 square foot property occupied by Best Buy loc...
Connecticut Real Estate Investors Assn. (CT REIA) Announces August 2011 Investing Meeting With Alan...
West Hartford, CT - August 2, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Alan Cowgill, is announcing the CT REIA August 2011 monthly real estate investors meeting. This event will take place on Monday August 15, 2011 from 5:30pm to 9:00pm, at the Crowne Plaza Hotel on 100 Berlin Road in Cromwell, CT. Attendees are urged to show up on time and take advantage of the early bird workshop.
Weekend Seminar: Get All The Money You Need For Investment Properties
West Hartford, CT - August 1, 2011 - (RealEstateRama)
CT REIA & Alan Cowgill presents an All Day Weekend Seminar:
How To Find All The Money You Need To Invest In Properties
August 27, 2011 - 9am to 3pm
Crowne Plaza Hotel. 100 Berlin Road. Cromwell, CT
NEW INDUSTRIAL DEVELOPMENT PLANNED FOR DCT INDUSTRIAL TRUST LAND ACQUISITION
Miami, FL - July 29, 2011 - (RealEstateRama) -- DCT Industrial Trust, Inc. purchased 14.68 acres of land from Jacksonville-based, Everbank, for $6,260,000. The two parcel property had a staged closing with the first phase occurring July 19. The second phase is slated to close by year end. DCT Industrial plans to develop industrial distribution space for lease. The site is located in the Doral/Airport submarket.
Connecticut River Expedition For Real Estate Investors
West Hartford, CT - July 29, 2011 - (RealEstateRama) August 23, 2011 Boat departs at 5:30pm sharp Only $45 - Space Is Limited Eagle Landing State Park
14 Little Meadow Rd. Haddam, CT (Exit 7 off of Route 9)
Office-Using Employment Gains, Reliance on Concessions to Nudge Down Phoenix Vacancy in Second Half
Phoenix, AX - July 29, 2011 - (RealEstateRama) -- Although office net absorption in Phoenix remains negative year to date, the local economic recovery gained traction in the second quarter. Businesses added 14,900 positions locally, a 0.9% staffing boost, in the past six months, compared to a nationwide increase of 757,000 jobs, or 0.6%. Improvements have been greatest in the Valley’s healthcare and leisure and hospitality sectors, with white-collar industries dampening overall growth through the first quarter of 2011. Nevertheless, Phoenix white-collar employers rebounded in the most recent quarter. Local office-using employment sectors augmented payrolls by an estimated 2,800 workers, a 0.7% quarterly gain, mirroring the healthy white-collar improvements that have been recorded nationally. Recent hiring announcements from companies including Safelite, Humana, Yelp and Easy Energy Systems Inc. support projections for a sturdy, albeit late, white-collar recovery through year end, helping to stabilize space demand. U.S. emp loyment will increase by a projected 1.65 million jobs in 2011, including to 39,000 positions in Phoenix, a 2.3% marketwide gain. Local white-collar sectors are anticipated to hire 5,600 workers, growth of 1.3%.
Americas Hotel Transaction Volume Up Approximately 180 Percent to $7.4 Billion in First-Half 2011
CHICAGO, IL - July 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle Hotels today reported that the volume of hotel investment transactions that closed in the Americas market in the first six months of 2011 reached $7.4 billion—a robust increase of approximately 180 percent on the same prior-year period. The numbers represent preliminary totals from Jones Lang LaSalle Hotels’ Hotel Investment Highlights Americas report due to be released later this month. The firm’s research tracks hotel asset transactions in excess of $10 million, and excludes note sales, recapitalizations and foreclosures.
USDA RURAL DEVELOPMENT SEEKS APPLICATIONS TO IMPROVE RURAL HOUSING
ST. PAUL, MI - July 26, 2011 - (RealEstateRama) -- USDA Rural Development State Director Colleen Landkamer announced recently that applications are being accepted for grants to help low- and very-low-income rural residents repair their homes.
Chief Information Officer Named at the Federal Home Loan Bank of San Francisco
San Francisco, CA - July 26, 2011 - (RealEstateRama) -- The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Elena Andreadakis as Senior Vice President and Chief Information Officer.
Local Entrepreneur Reviving Community, One Home at a Time
Clifton, NJ - July 26, 2011 - (RealEstateRama) -- A nine-year veteran of real estate investing, Ankit Duggal, Founder of RER, LLC, has bought, fixed, and sold his fair share of real estate. But Ankit’s rarity lies in a vision that stretches much further than flipping houses— the young entrepreneur has set out to revitalize distressed neighborhoods into valuable communities, one home at a time
CT REIA August 2011 Monthly Meeting With Alan Cowgill – Money For Investment Properties
West Hartford, CT - July 26, 2011 - (RealEstateRama) -- CT REIA and Alan Cowgill presents: Unlimited Supply of Money For Residential and Commercial Properties
RE/MAX Agents Report Five Easy Ways to Spend $100 Or Less To Improve Your...
Elgin, IL - July 25, 2011 - (RealEstateRama) -- RE/MAX agents in the northern Illinois real estate market say that homeowners can take several steps to increase their home's appeal both inside and out without spending a fortune. In fact, homeowners can breathe new life into their homes and increase its appeal by spending $100 or less.
Global Tower Partners Closes New Financing
BOCA RATON, FL - July 22, 2011 - (RealEstateRama) -- Global Tower Partners (“GTP”) announced today that it closed its $645,000,000 Secured Tower Revenue Notes Global Tower Series 2011-2 on July 7, 2011. The Company issued $490,000,000 Series C Notes (rated A2(sf)/A(sf) by Moody’s and Fitch respectively) and $155,000,000 Series F notes (rated Ba3(sf)/BB-(sf) by Moody’s and Fitch respectively). The notes have a blended coupon of 5.135 percent with a 30-year legal maturity.
Ecclestone buys Aaron Spelling property in Los Angeles for US$85 million
Raffles Place, Singapore - July 22, 2011 - (RealEstateRama) -- Petra Ecclestone, the daughter of F1 Supremo Bernie Ecclestone, has bought the Los Angeles home of Amercian film and television producer, Aaron Spelling.