Investing

Investing

Faris Lee Investments Launches Capital Markets Group Under the Direction of Financial Industry Veteran...

New York, NY - June 13, 2011 - (RealEstateRama) -- In a move to broaden its transactional, financial, and operational capabilities, Faris Lee Investments today announced the launch of the Faris Lee Capital Markets Group. The move provides an even deeper level of retail investment expertise to the firm and its clients. The leadership of Faris Lee believes that controlling the finance process is crucial to the profit, timing and certainty of closing an investment transaction. Richard Berlinghof, principal with Faris Lee Investments and a 26-year financial industry executive, has been named managing partner of the Capital Markets Group.

BuildFax, the Online Source for National Commercial and Residential Permit Information, Secures $13M in...

AUSTIN, TX - June 9, 2011 - (RealEstateRama) -- BuildFax, a division of BUILDERadius, today announced that it has successfully closed a new $4 million round of funding, led by DMGI and with the support of Environmental Data Resources Inc. (EDR) which is wholly owned by DMG Information Inc., the business information division of Daily Mail and General Trust, plc. Today’s round of funding follows a $9 million investment by the same group in 2009, bringing the total amount of funding for BuildFax to $13 million

SL Green Realty Corp. to Present at the NAREIT REIT Week 2011 Investor Forum...

New York, NY - June 8, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced that the Company's executive management team, led by Marc Holliday, Chief Executive Officer, will make a presentation at the NAREIT REIT Week 2011 Investor Forum on Wednesday, June 8, 2011 at 2:15 p.m. EDT. The presentation will be simultaneously webcast, in a listen-only mode, on the Company's website at www.slgreen.com in the investor section under the "Event Calendar & Webcasts" tab.

CT REIA June 2011 Monthly Meeting With Al Lowry – Investing In Foreclosures

West Hartford, Ct - June 7, 2011 - (RealEstateRama) -- CT REIA and Al Lowry presents: Secrets For Buying Foreclosures & Other Investment Properties

PCCP, LLC Provides $23.2 Million Senior Loan Commitment for Acquisition and Re-Development Financing of...

WASHINGTON, D.C. - June 6, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has provided a $23.2 million senior loan commitment for the acquisition and re?development financing of 2055 L Street, NW, a Class B+ office condominium located in the “Golden Triangle” of Washington D.C.’s CBD. The borrower/property owner is a joint venture between Monument Realty and Angelo Gordon & Co. which acquired the asset in December 2010. With this loan in place, the joint venture will now commence a six-month rehabilitation to the owned 102,000 square foot condominium office portion of the 237,000 square foot building.

CT REALTY INVESTORS ADDS CAPITAL INVESTMENT ADVISOR TO BOARD OF DIRECTORS

ALISO VIEJO, CA - June 3, 2011 - (RealEstateRama) -- Susan J. Barlow, chief executive officer of Newport Beach, Calif.-based Fiduciary Capital Inc., has been named to the board of directors for CT Realty Investors.

Connecticut Real Estate Investors Association (CT REIA) Announces June 2011 Business Entrepreneur Workshop

West Hartford, CT - June 2, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with the National Association of Small Business Owners, or NASBO, is announcing a new entrepreneur workshop for Connecticut business owners. This event will take place on Monday June 13, 2011 from 6:30 pm to 9:00 pm at the Sheraton Four Points, 275 Research Parkway in Meriden, CT. Online registration in advance is $24 and admission at the door is $49.

Online Real Estate Auctions Becoming More Popular

Newport Beach, CA - June 1, 2011 - (RealEstateRama) -- Bringing a property to market is easy, trading that property however can be difficult, especially in a depressed market. Yet there are a growing number of real estate professionals who are expanding their service offerings to compete and succeed in such conditions.

Colliers International Sells 60-unit –Apartment Community in Culver City, Calif. for 5.7 CAP Rate

Culver City, CA - June 1, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, recently sold a 60-unit apartment complex, The Keswick Court Apartments, located at 3902-3920 Lenawee Ave, Culver City, Calif.

PCCP Partners With Principal Real Estate Investors to Acquire Class A Office Building in...

SAN FRANCISCO, CA - May 31, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has partnered with Principal Real Estate Investors, the fourth largest institutional real estate manager in the United States, to acquire a 253,769 square foot class A office building located at 705 5th Avenue South in Seattle. The property is located within the Pioneer Square submarket, which is situated just south of the Seattle CBD, and is 98 percent vacant. The joint venture acquired the property from a private owner in an off market transaction.

HUD RELEASES FINAL BLOCK GRANT ALLOCATIONS FOR FY 2011

WASHINGTON, DC - May 27, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced the final Fiscal Year 2011 block grant allocations to approximately 1,200 state and local governments under the Community Development Block Grants (CDBG), HOME Investment Partnerships (HOME), Housing Opportunities for Persons with AIDS (HOPWA), and the Emergency Shelter Grant Program (ESG). Read more about how HUD’s block grant programs will be allocated at the state and local level.

OHFA PARTNERS WITH OSU TO LAUNCH THE HOMEOWNERSHIP INVESTMENT PROGRAM

COLUMBUS, OH - May 26, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) is partnering with The Ohio State University (OSU) to launch the Homeownership Investment Program. The program will provide additional support for OHFA homeowners before and after they purchase their home, to increase their mortgage sustainability and overall financial well-being. The new program will enhance the streamlined homebuyer education currently offered by the Agency in conjunction with OHFA's successful affordable mortgage program for first-time homebuyers.

Michigan Saves Home Energy Loan Program Increases Loan Cap to $20,000

May 26, 2011 - (RealEstateRama) -- The Michigan Public Service Commission (MPSC) today noted that the Michigan Saves Home Energy Loan program will be increasing its loan cap from $12,500 to $20,000, effective June 1. The higher loan cap will eliminate a barrier for consumers who want to invest in deep energy efficiency for their home, and will give a greater boost to those who want to purchase solar photovoltaic systems.

CUSHMAN & WAKEFIELD ARRANGES HOBOKEN MULTIFAMILY TRADE

HOBOKEN, N.J. - May 25, 2011 - (RealEstateRama) -- One of Hoboken’s newest luxury rental communities, 800 Madison Street, traded this week. Commercial real estate services firm Cushman & Wakefield, Inc.’s Metropolitan Area Capital Markets Group orchestrated the property’s sale from Tarragon Corp. to CB Richard Ellis Investors.

Connecticut Real Estate Investors Assn. (CT REIA) Announces Free Wealth Building Conference For Real...

West Hartford, CT - May 23, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Dave Lindahl, is announcing a free wealth building conference for real estate investors on June 4 and 5, 2011. This event will take place from 8:00 am to 5:00 pm at the Comfort Inn, 900 East Main Street in Meriden CT. This is a free event. VIP seating and bonus sessions are also available for a nominal fee. Seating is very limited and interested parties are urged to register well in advance

Business Real Estate Press Releases

Multi-Tenant Retail Property

Hanley Investment Group Arranges Sale of Newly Constructed Multi-Tenant Retail Property...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of a 6,777-square-foot new construction multi-tenant retail pad building occupied by The Coffee Bean & Tea Leaf (with drive-thru), Chipotle, Jersey Mike’s Subs and WaBa Grill at 13916 Garvey Avenue in Baldwin Park, Calif.

Recent Gov & Nonprofit Real Estate Press Releases

Financial Services Committee

An Overview of Homelessness in America

The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness