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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 Affiliates of Morgan Stanley and Bank of America have exited the partnership and have been replaced by affiliates of Beacon Capital Partners, LLC and Paramount Group Real Estate Fund IV.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.

Steve Coogan swaps Travel Tavern for £2.45 million UK property

Singapore - July 19, 2011 - (RealEstateRama) -- British comedian and Hollywood actor Steve Coogan won’t need to stay at the local Travel Tavern like his comedy alter-ego ‘Alan Partridge’. He is now the proud new owner of Ovingdean Grange near B...

PCCP Provides Senior Loan to Finance the Acquisition of Three Bank-Owned Class A Office...

SAN FRANCISCO, CA - July 19, 2011 - (RealEstateRama) -- PCCP, LLC provided a senior participating loan to Basin Street Properties to finance the REO acquisition of Sequoia Center, a three-building Class A office property totaling 210,000 square feet. The buildings are located within the desirable Redwood Business Park, a 1.1 million square-foot master-planned business park in Petaluma, Calif. Sequoia Center was vacant at the close of escrow, however a 96,000-square-foot lease has been signed with Enphase Energy which will bring the occupancy up to 46 percent by the end of 2011. The property includes a three-story building built in 1998 located at 1400 North McDowell Blvd., a three-story building built in 2000 located at 1420 North McDowell Blvd., and a four-story building built in 1999 located at 5341 Old Redwood Hwy.

Josh Altman, Star of: Bravo TV’s Million Dollar Listing Is Coming to Minnesota

Golden Valley, MN - July 18, 2011 - (RealEstateRama) -- Are you a real estate agent who would like to learn how to sell $38 million dollars in real estate this year? How would you like to eat at a private VIP dinner with a successful luxury real estate agent that has been seen on a TV show? Maybe you would just like to meet, and have your picture taken with a celebrity? Or you are interested in partying at the same location as a celebrity? Josh Altman is one of the most successful real estate agents in the Beverly Hills and Hollywood Hills luxury housing market and you probably recognize him from the hit TV show Million Dollar Listing on Bravo. Josh's clientele consists mostly of entertainers, athletes and high net worth individuals from around the world. He sold $38 million in real estate last year and currently has $150 million in listings.

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

Buying a Home

What to Check When Buying a Home

Buying a home can be exciting, but it is also nerve-racking because whatever you decide to buy, this is an investment that has many implications.