Investing

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.

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)

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%.

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.

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.

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.

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

West Hartford, CT - July 26, 2011 - (RealEstateRama) -- CT REIA and Alan Cowgill presents: Unlimited Supply of Money For Residential and Commercial Properties

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.

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.

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.

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...

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.

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.

West Hartford, CA - July 18, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with the Women Real Estate Investors Association, or WREIA, is announcing a new meeting and dinner on July 26, 2011. This meeting will take place from 6:00 pm to 9:00 pm at Violi’s Restaurant, 688 Westfield Road, Meriden, CT. The cost of this event is $25 for WREIA and CT REIA members, and $30 for not-yet-members. The cost of admission includes dinner. Attendees who register before July 20th will receive the CD entitled “Success Is Your Birthright” as an additional bonus.

WASHINGTON, WA - July 15, 2011 - (RealEstateRama) -- Alexander Otis Matthews, a Virginia real estate businessman pleaded guilty today to fraud charges in connection with mortgage and investment schemes to obtain more than $12 million in fraudulent loans.

West Hartford, CT - July 14, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with the Apartment Owners Association Of Connecticut, or AOACT, is announcing the July 2011 meeting of the AOACT. This event will take place on July 20 from 5:45pm to 9:00pm at the Crowe Plaza Hotel, located at 100 Berlin Road in Cromwell, CT. This event is free for AOACT and CT REIA members, and $30 for non-members.

West Hartford, CT - July 13, 2011 - (RealEstateRama) Women Real Estate Investors Association Meeting July 26, 2011 - 6:00 to 9:00 PM Violi's Restaurant. 688 Westfield Road. Meriden, CT $25 for WREIA and CT REIA Members | $30 for non-members (Price includes dinner)

NEWPORT BEACH, CA - July 12, 2011 - (RealEstateRama) -- Mark Lucescu, President of Lucescu Realty, a market leading investment real estate services firm, announced today that the firm has recently opened a new regional office in Phoenix, AZ to better serve its clients. Lucescu Realty’s new Phoenix office is located at 2415 East Camelback Road, Phoenix, AZ.

July 12, 2011 - (RealEstateRama) -- The former home of legendary film star Katharine Hepburn has been put on the property market for a staggering US$28 million. The estate was owned by the Hepburn family from 1913 until it was sold in 2004 following Katharine’s death in 2003 at the age of 96. Current owners Frank and Barbara Sciame bought the property for US$6 million. So they stand to make a tidy profit if the asking price is met.