- CharterMac Completes the Acquisition of ARCap
NEW YORK--(BUSINESS WIRE)--Aug. 15, 2006--CharterMac (collectively with its subsidiaries, the "Company") (NYSE:CHC) today announced that the Company has completed the acquisition of ARCap Investors, LLC ("ARCap"). ARCap is one of the nation's leading fund managers specializing in the acquisition, management and servicing of high-yield commercial mortgage-backed securities ("CMBS") and high-yield direct real estate loans. - View a Detailed Five-Year Forecast of the Global Road & Rail Industry
Research and Markets http://www.researchandmarkets.com/reports/c39783) has announced the addition of the new report from Datamonitor entitled "Global Road & Rail" to their offering.
This Global Road & Rail industry profile is an essential resource for top-level data and analysis covering the road & rail industry. It includes detailed data on market size and segmentation, plus textual analysis of the key trends and competitive landscape, demographic information, and descriptions of the leading - Hospitality Properties Trust Prices Offering of 2,000,000 Common Shares
Hospitality Properties Trust (NYSE: HPT) announced today that it has priced a public follow-on offering of 2,000,000 common shares of beneficial interest at a price of $43.66 per share. The settlement of this sale is expected to occur on July 26, 2006. HPT expects to use the proceeds of the offering to repay amounts outstanding on its unsecured revolving bank credit facility and for general corporate purposes. The underwriters will be granted a 30-day option to purchase - Austin's Largest Hotel Project Announced
White Lodging Services Corporation has announced plans to develop a 1,000-room, $185-million hotel project in downtown Austin, bringing together three leading brands in the largest hotel development in Austin's history.
Located on Congress Avenue between 2nd and 3rd streets, two blocks from the Austin Convention Center, the major hotel development will feature a 650-room, full-service Marriott convention center hotel, a 200-room upscale, boutique Renaissance Hotel and a 150-room all-suite - Inn of Chicago Kicks off Renovation by Relighting Rooftop Neon Sign and Partnering with Venerable
The new owners of the 357-room Inn of Chicago shone the light on the planned renovation of the landmark Ohio Street property last night by ceremoniously relighting the hotel's 24-year-old rooftop neon sign and announcing an onsite restaurant partnership with Joe O'Neil, the prolific owner of the venerable O'Neil's Bar and Grill, one of Chicago's most popular neighborhood taverns.
Purchased earlier this year by Oxford Lodging Advisory & Investment Group LLC, of San Francisco, the historic 1928 - Zacks Sell List Highlights: Borders, KB Home, Cheesecake Factory and Amazon.com
Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List - Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Borders Group Inc. (NYSE: BGP) and KB Home (NYSE: KBH). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Cheesecake Factory Inc. (NASDAQ: CAKE) and Amazon.com Inc. (NASDAQ: AMZN). To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92 - Zacks Analyst Interview Highlights: Zoran Corporation.
Zacks.com releases the latest Analyst Interview. Today's interview is with senior analyst Ken Nagy, who discusses Zoran Corporation (Nasdaq: ZRAN).
A synopsis of today's Analyst Interview is presented below. The full article can be read at http://at.zacks.com/?id=2678.
With P/Es continually coming down in the IT industry, do you find yourself upgrading more companies in your coverage?
Zoran Corporation (Nasdaq: ZRAN) has been hit relatively hard by the stock option scandal. - Corporate Office Properties Trust Completes Sale of 390,000 Preferred Shares
Corporate Office Properties Trust (NYSE:OFC) announced today that in connection with today's closing of the Company's previously announced sale of 3,000,000 7.625% Series J Cumulative Redeemable Preferred Shares (NYSE:OFCPrJ), the Company completed the sale of 390,000 additional Series J preferred shares. Wachovia Capital Markets, LLC, A.G. Edwards & Sons, Inc., RBC Dain Rauscher Inc., Stifel, Nicolaus & Company, Incorporated and Robert W. Baird & Co. Incorporated purchased these 390,000 shares - Hospitality Properties Trust Offering 2,000,000 Common Shares
Hospitality Properties Trust (NYSE: HPT) announced today that it has commenced a public offering of 2,000,000 common shares of beneficial interest. HPT expects to use the proceeds of the offering to repay amounts outstanding on its unsecured revolving bank credit facility and for general corporate purposes. The underwriters will be granted a 30-day option to purchase up to an additional 300,000 shares from HPT to cover overallotments. - Westland Enters into Merger Agreement for $315 Per Share with SunCal Cos.
-Westland Development Co. Inc. today announced the signing of a definitive merger agreement pursuant to which Westland would be acquired by a member of the SunCal Cos. group. Simultaneously with entering into a merger agreement with SunCal, Westland terminated its existing merger agreement with SHNM Acquisition Corp.
Westland entered into the merger agreement following the recommendation and approval of its board of directors. Under the terms of the merger agreement, Westland's stockholders - Distribution Management Services Inc. Closes on Acquisition of Additional Real Estate with Land
The management of Distribution Management Services Inc. (Pink Sheets: DMGS) is pleased to announce that the contract has now been completed for the acquisition of, and affiliation with, Hawks Landing II Corp., land developer, with developments in the Okeechobee area of Florida. Upon completion of the three-phase contract, the company will have acquired real estate of an appraised value of $8,105,000 subject to approximately $3,690,000 of mortgage financing, so that the company's total real estat - PREI(R) Raises $700 Million for Global Real Estate Opportunity Fund
Prudential Real Estate Investors (PREI(R)) announced today that it has raised approximately $700 million for its PRECO III closed-end, commingled real estate opportunity fund. The fund invests in private equity, direct property, mezzanine and preferred equity opportunities on behalf of large institutional U.S., U.K., Dutch and Irish investors. PREI is the real estate investment and advisory business of Prudential Financial, Inc. (NYSE: PRU).
With leverage, the fund has $2.7 billion available - Thomas Properties Group Selects Colliers to Market Four Points Centre
Thomas Properties Group, Inc. (Nasdaq:TPGI), has hired locally-based Colliers Oxford Commercial to market and lease the to-be-built Class A office buildings at the mixed-use Four Points Centre. Located at the intersection of RR2222 and Highway 620, Four Points Centre encompasses approximately 333 acres, of which 182 acres have been permanently preserved as open space. Existing development at Four Points Centre is comprised of a 275,000-square-foot community retail center and two multifamily - Edgetech International Teams up with Prestigious South Florida Real Estate Company
Edgetech International, Inc. (OTC:EGIL) is pleased to announce the initial phase of an ongoing working relationship with CENTURY21(R)Tropical Springs (http://www.century21tropicalsprings.com), a pioneer office in the South Florida CENTURY21(R) System serving areas surrounding Boca Raton, Coral Springs, Weston, and Fort Lauderdale, Florida. CENTURY21(R)Tropical Springs has received both the Centurion Award for sustained business volume and the Quality Service Award. - Irish Developer Will Build North America's Tallest Building in Chicago
Garrett Kelleher, executive chairman of Shelbourne Development Ltd & the Shelbourne Group has acquired the land and will fund the development of 400 North Lake Shore Drive. The city has already granted zoning approval for a 124-story residential and hotel tower on this site. Situated at the mouth of the Chicago River, it would be the tallest skyscraper in North America and Europe. The plan of development for the site is designed by world-renowned architect and engineer Santiago Calatrava. - LaSalle Hotel Properties Reports Second Quarter Results; FFO per Diluted Share/Unit Increases 38% fo
LaSalle Hotel Properties (NYSE:LHO) today reported net income to common shareholders of $18.4 million, or $0.46 per diluted share for the quarter ended June 30, 2006, compared to net income of $10.3 million, or $0.34 per diluted share for the prior year period.
For the quarter ended June 30, 2006, the Company generated funds from operations ("FFO") of $37.9 million versus $20.8 million for the same period of 2005. On a per diluted share/unit basis, - Inland Real Estate Corporation Announces Date of Second Quarter 2006 Earnings Release, Conference Ca
Inland Real Estate Corporation (NYSE:IRC) today announced that the Company will release its second quarter 2006 financial results on Friday, August 4, 2006 before the NYSE market open. The Company will host a management conference call to discuss these financial results at 10:00 a.m. CDT (11:00 a.m. EDT) that same day. The conference call can be accessed by dialing 866-356-3377, or 617-597-5392 for international callers. The conference call passcode is 53179082. The Company suggests that partici - ForeclosureS.com: Midwest Foreclosure Rates Stay High
Northern California based ForeclosureS.com, a real estate investment advisory firm and publisher of foreclosure property information, reported today that foreclosure rates in Midwestern states dependent on the manufacturing sector of the economy remained at levels well above the national average. - Win A 3-Night Priceline Bahamas Cruise For 2 For $4
That's no typo -- come to priceline.com (Nasdaq: PCLN) and you may win the right to book a luxurious 3-night Bahamas cruise for two aboard Carnival Cruise Lines for only $4. But hurry -- this contest ends July 23, 2006. No purchase is required to enter.
Visit www.pricelinecruiseoutlet.com for full details, terms and restrictions associated with the $4 cruise contest. To book a cruise, visit priceline.com or call 1-800-735-8000 to speak to a Priceline Cruise Consultant. - Nicky Hilton Launches Nicky O Hotels
Drawing upon both her family history and the design passion expressed through her highly successful clothing and handbag lines, Nicky Hilton today announced her newest venture, Nicky O, a premier luxury hotel brand that will launch later this year in Miami, followed shortly after by Chicago. In tand - Reese Corp. Now Trading on Frankfurt Stock Exchange, First Property Acquisition to be Announced
Reese Corp. is pleased to announce that its shares have been accepted for listing and are now trading on the Frankfurt Stock Exchange under the trading symbol "R5E" and the German Securities No. (WKN) AOJ34W. Reese is also pleased to announce that their web site has been translated to include the following new languages: German, Mandarin, Spanish and French. www.ammexgoldmining.com - Orange County-Based Firm Real Estate Partners Sells Multifamily Portfolio for $166,000,000 to CORE
Real Estate Partners Inc., a national real estate investment and management services company specializing in the acquisition, repositioning, management and disposition of high-growth properties based in Irvine, announced today the sale of a multifamily portfolio consisting of eight properties totaling approximately 2,400 units to CORE Realty Holdings LLC of Newport Beach, Calif. The properties, which are located in North Carolina and Virginia, sold for $166,000,000. - Global Development with Responsibility for Both Real Estate and Vacation Ownership
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that Raymond L. "Rip" Gellein, Jr., has been promoted to President, Global Development. In this new corporate position, Gellein, currently the Chairman and CEO of the Starwood Vacation Ownership (SVO) business, will take on overall management responsibility for the full range of Starwood's real estate-related functions. - The Department of Housing and Community Development Awards $42.9 Million in Proposition 46 Funding
California Department of Housing and Community Development (HCD) Director Lynn L. Jacobs today was joined by Business, Transportation and Housing Agency Secretary Sunne Wright McPeak in announcing over $42.9 million in Proposition 46 funds. The awards provide housing opportunities for more than 2,577 of California's hardworking families and neediest residents. Proposition 46 is the $2.1 billion housing bond approved by voters in November 2002. - COA Network Launches Affordable Lead Capture, Communication System for Real Estate Industry
TeleCenter(TM) Real Estate Pro gives real estate professionals a competitive edge with an integrated communication system including a toll-free real estate hotline, automatic prospecting system and ad tracker capabilities.
COA Network, a leading provider of hosted telephony and web-based solutions, has launched TeleCenter(TM) Real Estate Pro, a robust yet affordable communication system that provides real estate professionals with a toll-free real estate hotline - Equinet Properties Commences Sales of Greenpoint Lofts
Equinet Properties, a comprehensive real estate investment solutions company, officially launched sales of Greenpoint Lofts, a premier business condominium building. Greenpoint Lofts is the first business condominium development in Greenpoint, Brooklyn, and one of only a few in the five boroughs of New York City. Equinet is the exclusive sales and marketing agent for the new development. - The Estate Planning Team to Offer Franklin Templeton Bank & Trust Services to Financial Advisors
Franklin Templeton Bank & Trust today announced that its innovative trust service, the Advisor Directed Trust(TM) solution, will now be offered through a national network of financial advisors who work with the Estate Planning Team to help high net worth individuals manage their assets. - The Plaza Introduces 152 Superb Hotel Condominium Residences
Elad Properties announced today the launch of sales for 152 spectacular hotel condominium residences at The Plaza, the iconic landmark located at the intersection of Central Park and Fifth Avenue. - Available via Snell Real Estate, Comprehensive Research Report of Luxury Real Estate Market
Steady population growth, increases in tourism, land development and home purchases confirm 'The Baja Boom' and more of the same is expected for the upcoming year. - A.M. Best Affirms Ratings of Assurant, Inc.'s Property/Casualty Subsidiaries
A.M. Best Co. has affirmed the financial strength ratings (FSRs) of A (Excellent) and A- (Excellent) and the issuer credit ratings (ICRs) of "a" and "a-" of Assurant, Inc.'s (Assurant) (New York, NY) (NYSE: AIZ) property/casualty subsidiaries. The outlook for all ratings is stable. (See below for a detailed list of the ratings). - Research and Markets: Gain an Insight into the 10,000 Stores operating in the $14 billion US
Research and Markets (http://www.researchandmarkets.com/reports/c39545) has announced the addition of the First Research report: Household Appliance Stores - Industry Profile to their offering. - Medtech Insight, a division of Windhover Information Inc., is the leading
Fitch has issued a presale report on Guggenheim Structured Real Estate Funding 2006-3. - Duke Realty Announces Second Quarter Investment Activity
Duke Realty Corporation (NYSE:DRE) announced today $223.0 million of developments and acquisitions and $28.9 million of new third-party construction contracts for the second quarter of 2006. The Company also announced $40.1 million of second quarter dispositions today. - Maguire Properties to Release Second Quarter 2006 Financial Results
Maguire Properties (NYSE:MPG), a Southern California focused real estate investment trust, announced today that it will release financial results for the second quarter of 2006 on Tuesday, August 1, 2006 after the close of the day's trading on the New York Stock Exchange. The Company will host a conference call and audio web cast, both open to the general public - Duke Realty to Solicit Consents to Amend the Terms of Certain of Its Outstanding Notes
Duke Realty Limited Partnership ("Duke Realty"), an operating partnership of which Duke Realty Corporation (NYSE:DRE) is the sole General Partner, today announced the commencement of a consent solicitation to amend the terms of the following series of its outstanding notes (collectively, the "Securities"): - Crescent Real Estate Announces Date of Second Quarter 2006 Earnings Release and Conference Call
Crescent Real Estate Equities Company (NYSE:CEI) announced today that the Company will release its second quarter 2006 earnings results before the market opens on Tuesday, August 1, 2006. The Company will also host a conference call and audio web cast, both open to the general public, at 10:00 a.m. Central Time on the same day to discuss the second quarter results and provide a Company update. - Boca Developers Secures $275 Million Financing Facility Blackacre Institutional Capital Management
Boca Developers has closed on a $275 million financing facility from Blackacre Institutional Capital Management LLC. This facility will be utilized in projects currently under development with sales in excess of $2.7 billion. The company's portfolio comprises more than 16,000 residences with a total value of approximately $9.5 billion. - Accruent's Real Estate Performance Management Solution Featured in Keynote Address at Velocity 2006
Accruent's Real Estate Performance Management application suite -- which provides solutions for the entire spectrum of real estate activities, from market planning to project management, and lease administration to facilities management -- will be demonstrated during a keynote to be delivered today by Sanjay Parthasarathy, Corporate Vice President of Microsoft's Developer & Platform Evangelism Group. - Former Magic Life Founders Launch New Concept in Highest-End Luxury Real-Estate Development
-The founders of Magic Life Group, Europe's most popular and high-end all-inclusive club, today launched The O Property Collection (OPC), the new model in ultra-luxury property development, based in Vienna. - ForeclosureS.com: California Defaults Increase Across the West
ForeclosureS.com, a northern California based real estate investment advisory firm and publisher of foreclosure property information, reported today that home prices in several major California markets had started to fall as a long awaited price correction in overheated coastal markets began. - Disponibilidad de completo informe de investigación acerca de mercado inmobiliario
El constante crecimiento de la población, el aumento del turismo, el desarrollo territorial y la venta de inmuebles confirma 'el auge de Baja' y se espera más de lo mismo para el año que viene. - August Expo to Feature Baja Oceanfront Property
Forty developers, title and finance companies including ReMax Baja Realty and Stewart Title will participate in the free Investing in Baja's Oceanfront exposition. Thousands of properties priced from $129,000 to more than $1 million will be showcased. - The Mariner Motel Retains Keen Realty, LLC and Zeb Barfield, Inc. to Auction 92 Room Hotel in Chinco
Tom C. Smith, Jr. Chapter 7 Trustee for Mariner Motel Inc. (Debtor) has jointly retained Keen Realty, LLC and Zeb Barfield, Inc. to market and sell the Mariner Motel, a 92 room hotel located in Chincoteague, VA. The two-story, 92 room Mariner Motel is located at 6273 Maddox Blvd., Chincoteague, VA and is Chincoteague Island's largest and most complete motel. This charming motel, with rustic surroundings and unique decor sits on 4.7+/- acres and offers a variety of housing, an outdoor pool, - Rent-A-Center, Inc. Announces Completion of Senior Debt Refinancing
Rent-A-Center, Inc. (the "Company") (Nasdaq/NGS:RCII), the nation's largest rent-to-own operator, today announced the completion of the previously announced refinancing of its senior secured debt. The new $725 million senior credit facility consists of $325 million in term loans and a $400 million revolving credit facility. The Company drew down the $325 million in term loans and $88 million of the revolving facility today and utilized the proceeds to repay its existing senior term debt. - e-Closing Spans San Antonio Airport and Stewart Title Office in The Woodlands, Texas; Local Coldwell
A flight delay due to weather added an interesting wrinkle to an electronic closing scheduled in Montgomery County, Texas, utilizing Stewart Title's patent-pending eClosingRoom(TM) electronic closing platform and the SureClose(R) online transaction management system. With an online home search and purchase process utilizing HAR.com, Reveal Systems and SureClose, the buyers were set to go online from home the night before their scheduled e-closing and review all their documents. - Move, Inc. to Announce Second Quarter 2006 Financial Results on August 3, 2006
Move, Inc. (NASDAQ:MOVE), the world's largest moving community, today announced that it will release financial results for the second quarter ending June 30, 2006 on Thursday, August 3, 2006 after market-close. The Company will hold a conference call to discuss the results at 2:00 pm PDT (5:00 pm EDT) that same day. The call will be simultaneously broadcast on the Company's Web site at http://investor.move.com under Event Calendar. - Corporate Office Properties Trust Prices Public Offering of $75.0 Million of Preferred Shares
Corporate Office Properties Trust (COPT) (NYSE:OFC) announced today that it has priced an underwritten public offering of 3,000,000 shares of 7.625% Series J Cumulative Redeemable Preferred Shares (NYSE:OFCPrJ) at a price of $25.00 per share. Net proceeds from the offering to the Company of $72.4 million, after the payment of offering related expenses, will be used to repay a portion of indebtedness under the Company's unsecured revolving credit facility.
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