Investing

Investing

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

Berkley: Crescent Dunes Solar Project Will Bring Clean Energy Jobs to Nevada

Washington, D.C. - May 20, 2011 - (RealEstateRama) -- Congresswoman Shelley Berkley today welcomed an announcement that a conditional loan guarantee has been awarded to the Crescent Dunes Solar Energy Project in Nevada. The facility will create new clean energy jobs in the Silver State and boost the supply of renewable energy needed to power local homes and businesses."This is a smart investment that will create new Nevada jobs and increase our supply of clean renewable energy. That is why I fought Republican efforts to cut the loans for renewable energy projects like this new solar plant near Tonopah. Nevada's future is in clean energy and we can create jobs and strengthen our economy by investing in the development of more solar, wind, geothermal and other sources of renewable power found in abundance right here at home in the Silver State," said Berkley.

Business Real Estate Press Releases

1000 Marina

Meridian Completes Sale of 104,000 SF Multi-Tenant Office Building in Brisbane,...

With more than 500,000 SF currently in development/redevelopment and another 500,000-plus SF in the pipeline, Meridian is still aggressively pursuing more value-add general and medical office opportunities throughout California

Recent Gov & Nonprofit Real Estate Press Releases

NAHB

Builder Confidence Slips Two Points as Lumber Prices Soar

Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The decline was due in large part to sharply elevated lumber prices, although sentiment remains on solid footing.