Archive for December, 2007

HMFA Closes on Record 2,000 Mortgages

Total is Highest Amount in Agency’s History
TRENTON, N.J. - December 31, 2007 - The New Jersey Housing and Mortgage Finance Agency (HMFA), a Department of Community Affairs (DCA)’ affiliate, has closed on a record 2,000 mortgages in 2007.  The 2000th loan went to a Millville, New Jersey resident who received an HMFA First Time Home Buyer […]

Grubb & Ellis Apartment REIT Acquires The Heights at Olde Towne in Portsmouth, Virginia

Santa Ana, California - December 31, 2007 - Grubb & Ellis Apartment REIT, Inc. has acquired The Heights at Olde Towne in Portsmouth, Virginia. The acquisition closed on December 21, 2007.

Grubb & Ellis Apartment REIT Acquires The Myrtles at Olde Towne in Portsmouth, Virginia

Santa Ana, California - December 31, 2007 - Grubb & Ellis Apartment REIT, Inc. has acquired The Myrtles at Olde Towne in Portsmouth, Virginia. The acquisition closed on December 21, 2007.

Don’t Toss That Letter; You May Have Unclaimed Property!

HARRISBURG, PA - Dec. 31, 2007 - Each year, the Pennsylvania Treasury Department receives millions of dollars in new unclaimed property and you may receive a letter in the near future that entitles you to some of it, according to Treasurer Robin L. Wiessmann.  This annual letter campaign is just one of many methods Treasury employs to […]

Freddie Mac Purchases $198 Million Capmark Mortgage Pool

Capri Capital Partners, LLC Acquires Capri Apartments
McLean, VA - December 31, 2007 - Freddie Mac (NYSE:FRE) announced that it has purchased a $198 million pool of cross-collateralized, cross-defaulted mortgages from Capmark Finance, Inc (Capmark Finance). Freddie Mac put together a flexible financing solution for the borrower, Capri Capital Partners, LLC, that met its tight timeline to acquire Capri […]

Hampshire Partners Fund VI Acquires 69,000-Square-Foot Industrial Building in Clifton, N.J.

Clifton, N.J. - December 31, 2007 - The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, together with Tulfra Real Estate announce the acquisition of a 69,000-square-foot industrial building located at One Entin Road in Clifton, N.J. Hampshire’s interest was made on behalf of […]

TDHCA cutting red tape to speed aid to state’s manufactured home owners in Rita areas

AUSTIN, TX - December 31, 2007 - Looking to slash bureaucratic red tape, the Texas Department of Housing and Community Affairs’ (TDHCA) Manufactured Housing division has implemented new rules that will speed up repairs and new home placement for Texans whose homes were damaged by Hurricane Rita.

Live Demonstrations will be Focus of SIPA Village Exhibit at International Builders’ Show

Installation demonstrations and educational sessions display ease of structural insulated panel assembly
ORLANDO, December 28, 2007 - Builders looking to learn how to build green homes with structural insulated panels can get their questions answered at the Structural Insulated Panel Association’s “SIPA Village” exhibit at International Builders’ Show, February 13-16, in the Orange County Convention Center.

Grubb & Ellis Healthcare REIT Acquires Park Place Office Park in Dayton, Ohio

Santa Ana, CA - December 28, 2007 - Grubb & Ellis Healthcare REIT, Inc. has acquired Park Place Office Park in Dayton, Ohio. The acquisition closed on December 21, 2007.

State Invests $12.5 Million To Kick Off Williamsport Hospital Project

HARRISBURG, Dec. 28, 2007 - A renovation and expansion project at the Williamsport Hospital and Medical Center campus that will create 230 jobs is being jump-started by a $12.5 million grant from the commonwealth, the Department of Community and Economic Development announced today.