Digital50.com Category: Real Estate

Bayview Asset Management Announces Strategic Investment from Blackstone

Mon, 28 Jul 2008 10:17:00 0500

CORAL GABLES, Fla., July 28 PRNewswire — Bayview Asset Management, LLC (Bayview), a subsidiary of Bayview Financial, L.P., announced today that it has entered into a definitive agreement to sell a minority interest in the company to Blackstone...

Jones Lang LaSalle Joins Ceres' Network of Companies

Mon, 28 Jul 2008 10:00:00 0500

BOSTON, July 28 PRNewswire-FirstCall — Citing the company's commitment to lead the real estate industry on environmental sustainability and energy efficiency, the Ceres board of directors has approved Jones Lang LaSalle, a...

MI Developments Inc. notice of conference call for second quarter 2008 results

Mon, 28 Jul 2008 09:41:00 0500

AURORA, ON, July 28 PRNewswire-FirstCall - MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) will announce its financial results for the second quarter ended June 30, 2008 on Friday, August 8, 2008 before the...

Associated Estates Realty Corporation Announces Details Regarding Second Quarter Conference Call

Mon, 28 Jul 2008 09:21:00 0500

CLEVELAND, July 7 PRNewswire-FirstCall — Associated Estates Realty Corporation (NYSE: AEC)(Nasdaq: AEC) announced today that the Company's second quarter 2008 earnings are scheduled for release on Tuesday, July 29, 2008, before the...

Origen Financial Announces Date for Second Quarter 2008 Financial Results and Conference Call

Mon, 28 Jul 2008 09:04:00 0500

SOUTHFIELD, Mich., July 28 PRNewswire-FirstCall — Origen Financial, Inc. (Nasdaq: ORGN), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced that it will release...

Fannie Mae Redemption

Mon, 28 Jul 2008 09:00:00 0500

WASHINGTON, July 28 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal...

Senior Lending Network Unveils New and Improved Website

Mon, 28 Jul 2008 08:30:00 0500

MELVILLE, N.Y., July 28 PRNewswire — Senior Lending Network(R), a program of World Alliance Financial Corp. and a leader in reverse mortgages, announced today that it has launched an enhanced website to better support its customer base. The new...

BRE Properties Board of Directors Adds New Member and Promotes Senior Executive

Mon, 28 Jul 2008 08:00:00 0500

SAN FRANCISCO, July 28 PRNewswire-FirstCall — BRE Properties, Inc. (NYSE: BRE) today announced that its board of directors has increased the size of the board from nine to 10 members, and elected Edward F. Lange, Jr., executive...

Simon Property Group Announces Second Quarter Results and Quarterly Dividends

Mon, 28 Jul 2008 07:30:00 0500

INDIANAPOLIS, July 28 PRNewswire-FirstCall — Simon Property Group, Inc. (the "Company" or "Simon") (NYSE: SPG) today announced results for the quarter ended June 30, 2008:

— Funds from operations ("FFO") for the...

Laramar Group Acquires Oceanview Waterfront Multifamily Property in Boca Raton

Mon, 28 Jul 2008 07:30:00 0500

CHICAGO and BOCA RATON, Fla., July 28 PRNewswire — Chicago-based Laramar Group, a fully-integrated real estate investment and management company, today announced the acquisition of Oceanview Apartments, a...

Biggest Mortgage Lenders from MortgageDaily.com

Mon, 28 Jul 2008 07:00:00 0500

DALLAS, July 28 PRNewswire — A new company has emerged as the biggest U.S. mortgage lender, according to an analysis of second-quarter earnings data by http://www.MortgageDaily.com. But...

ProLogis Leases 277,000 Square Feet Near the Port of Le Havre in France

Mon, 28 Jul 2008 07:00:00 0500

PARIS, July 28 PRNewswire-FirstCall — ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that it has leased 277,000 square feet (25,800 square meters) of space near the Port of Le...

ActiveRain Real Estate Social Networking Site Launches Nationwide Online Video Advertising Program Powered by Mixpo

Mon, 28 Jul 2008 06:00:00 0500

SEATTLE, July 28 PRNewswire — ActiveRain, the nation's largest social networking and marketing site for real estate professionals, announced that it has launched a nationwide online video advertising program for its growing base of more than 98,000...

Updated: Black Real Estate Professionals Express Cautious Optimism on Passage of Housing Stimulus Package

Sun, 27 Jul 2008 22:37:00 0500

WASHINGTON, July 27 PRNewswire-USNewswire — Speaking on behalf of the National Association of Real Estate Brokers (NAREB), the country's oldest minority trade association, President Maria Kong expressed "cautious optimism" on the...

Black Real Estate Professionals Express Cautious Optimism on Passage of Housing Stimulus Package

Sun, 27 Jul 2008 22:00:00 0500

Miami Mayor Manny Diaz, President of The U.S. Conference of Mayors, Issues Statement on Senate Passage of Housing Bill

Sat, 26 Jul 2008 17:53:00 0500

WASHINGTON, July 26 PRNewswire-USNewswire — "As President of The U.S. Conference of Mayors, and on behalf of the American people and America's cities, we commend the Senate, specifically Senators Harry Reid and...

Housing Stimulus Package to Stabilize Neighborhoods, Attract New Capital to Communities: LISC

Sat, 26 Jul 2008 13:24:00 0500

NEW YORK, July 26 PRNewswire-USNewswire — The Housing and Economic Recovery Act of 2008 will help stabilize disinvested neighborhoods, offer relief to families stung by the foreclosure crisis and attract new capital to affordable housing...

Apartment Industry Commends Congress For Learning From Past Mistakes and Passing a Balanced Housing Package

Sat, 26 Jul 2008 11:37:39 0500

WASHINGTON, July 26 PRNewswire-USNewswire — The National Multi Housing Council (NMHC)/National Apartment Association (NAA) joint legislative program issued the following statement by NMHC/NAA Senior Vice President of Government Affairs...

National Fair Housing Commission to Focus on Gulf Coast Housing Crisis in the Wake of Hurricanes Katrina and Rita

Fri, 25 Jul 2008 21:04:00 0500

HOUSTON, July 25 PRNewswire-USNewswire — On Thursday, July 31, 2008, Gordan Quan, former Houston Mayor Pro Tem and Chair of the Housing Committee for the City of Houston, and...

Taxpayers Need to Strategize Major Tax Provisions in New Housing Assistance Bill

Fri, 25 Jul 2008 14:57:00 0500

NEW YORK, July 25 PRNewswire-FirstCall — While so many Americans are in a panic about the security of their mortgages and banks, the House passed the Housing Assistance Bill on July 23, 2008, and a preliminary procedural vote in...

Real Estate Roundtable Urges Swift Senate Approval of Housing Relief-GSE Backstop Plan

Fri, 25 Jul 2008 12:59:19 0500

WASHINGTON, July 25 PRNewswire-USNewswire — Real Estate Roundtable President and CEO Jeffrey D. DeBoer issued the following statement regarding the House-passed housing relief bill now awaiting final action in the...

CMSA Applauds Bachus Letter on Rushed Securitization Accounting Reforms

Fri, 25 Jul 2008 12:50:18 0500

Ranking Member Recommends Extended and Measured Approach for Accounting Changes

NEW YORK, July 25 PRNewswire-USNewswire — The Commercial Mortgage Securities Association (CMSA) today...

Monmouth Real Estate Investment Corporation Will Present at the Philadelphia Securities Association

Fri, 25 Jul 2008 11:27:00 0500

FREEHOLD, N.J., July 25 PRNewswire-FirstCall — Monmouth Real Estate Investment Corporation (Nasdaq: MNRTA) announced that it will present at the Philadelphia Securities Association on Wednesday, July 30, 2008. The Forum will be held...

UMH Properties, Inc. Will Present at the Philadelphia Securities Association

Fri, 25 Jul 2008 11:24:00 0500

FREEHOLD, N.J., July 25 PRNewswire-FirstCall — UMH Properties, Inc., (Amex: UMH) announced that it will present at the Philadelphia Securities Association on Wednesday, July 30, 2008. The Forum will be held at the Union League of...

HOPE NOW Executive Director Testifies Before Congress

Fri, 25 Jul 2008 10:57:45 0500

Schwartz emphasizes numbers of ways homeowners have been helped and large numbers of foreclosures prevented

WASHINGTON, July 25 PRNewswire-USNewswire — HOPE NOW Executive Director Faith Schwartz

AFL-CIO Housing Investment Trust Preserves Affordability at Big Six Towers Development in Queens With $7.8 Million Investment

Fri, 25 Jul 2008 10:22:45 0500

NEW YORK, July 25 PRNewswire-USNewswire — The AFL-CIO Housing Investment Trust (HIT) has committed to invest $7.8 million in Big Six Towers, a cooperative housing complex in Queens with long ties to the labor movement. The investment...

Basketball Hall of Famer Nancy Lieberman Makes History with On-Court Appearance with Detroit Shock

Fri, 25 Jul 2008 10:20:00 0500

MELBOURNE, Fla., July 25 PRNewswire — Holiday Builders, an award-winning homebuilder celebrating 25 years of quality building, today celebrated its most visible ambassador, Basketball Hall of Famer Nancy Lieberman, and her exit out...

Zaio national database of photos enhances automated valuation products

Fri, 25 Jul 2008 09:29:00 0500

SCOTTSDALE, AZ, July 25 PRNewswire-FirstCall - Zaio Corporation (TSX-V: ZAO), announces the delivery of digital photographs to its automated valuation products: i-Val(TM) and realAssessment(TM). The i-Val(TM) product provides an instant predicted...

Fannie Mae Redemption

Fri, 25 Jul 2008 09:00:00 0500

WASHINGTON, July 25 PRNewswire-FirstCall — Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued...

Noble Investment Group Announces Leadership Team for the New Aloft Charlotte Uptown

Fri, 25 Jul 2008 08:56:00 0500

ATLANTA, July 25 PRNewswire — Privately held Noble Investment Group ("Noble"), a leading sponsor of private equity real estate funds and an integrated lodging and hospitality operating and development organization, today announced the appointment...

Arbor Realty Trust Schedules Second Quarter 2008 Earnings Date

Fri, 25 Jul 2008 08:40:00 0500

UNIONDALE, N.Y., July 25 PRNewswire-FirstCall — Arbor Realty Trust, Inc. (NYSE: ABR), a real estate investment trust focused on the business of investing in real estate related bridge and mezzanine loans, preferred and direct equity investments...

Arbor Realty Trust Declares Second Quarter 2008 Dividend

Fri, 25 Jul 2008 08:30:00 0500

UNIONDALE, N.Y., July 25 PRNewswire-FirstCall — Arbor Realty Trust, Inc. (NYSE: ABR), a real estate investment trust focused on the business of investing in real estate related bridge and mezzanine loans, preferred and direct equity investments...

Freddie Mac Monthly Volume Summary: June 2008

Fri, 25 Jul 2008 08:30:00 0500

MCLEAN, Va., July 25 PRNewswire-FirstCall — The following is being issued by Freddie Mac (NYSE: FRE):

June 2008 Highlights:

— The aggregate unpaid principal balance (UPB) of our retained...

Schumacher Homes Announces 'Real Time Design' Service

Fri, 25 Jul 2008 08:10:00 0500

CANTON, Ohio, July 25 PRNewswire — Schumacher Homes (http://www.schumacherhomes.com), an on-your-lot Custom Home Builder based in Canton, Ohio, announces the launch of...

Foreclosure Activity Up 14 Percent in Second Quarter According to RealtyTrac(R) U.S. Foreclosure Market Report

Fri, 25 Jul 2008 04:59:00 0500

IRVINE, Calif., July 25 PRNewswire — RealtyTrac(R) (http://www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Q2 2008 U.S. Foreclosure Market...

GEO Announces the Sale of Its Participation in Hipotecaria Su Casita

Thu, 24 Jul 2008 21:14:00 0500

MEXICO CITY, July 24 PRNewswire — Corporacion GEO S.A.B. de C.V. (BMV: GEOB / ADR Level I CUSIP: 21986V204 / Latibex: XGEO), GEO, one of Mexico's leading low-income housing developers, has announced the sale of its 6.94...

Corporacion GEO Reports Industry Record Revenue and EBITDA Growth

Thu, 24 Jul 2008 19:55:00 0500

MEXICO CITY, July 24 PRNewswire-FirstCall — Corporacion GEO S.A.B de C.V. (BMV: GEOB; CORPGEO MX, ADR Level I CUSIP: 21986V204; Latibex: XGEO) GEO, one of Mexico's leading low-income housing developers, today announced 2Q08...

News Advisory from the California Reinvestment Coalition

Thu, 24 Jul 2008 19:37:49 0500

Short Documentary Shows Foreclosure Crisis Affects All

SAN FRANCISCO, July 24 PRNewswire-USNewswire — The California Reinvestment Coalition released today a short documentary about the foreclosure crisis that...

SonomaWest Holdings, Inc. Announces Ex-Dividend Date for MetroPCS Communications, Inc. Dividends

Thu, 24 Jul 2008 18:37:00 0500

DENVER, July 24 PRNewswire-FirstCall — SonomaWest Holdings, Inc. Sebastopol, CA (Pink Sheets: SWHI) was notified today by NASDAQ that the ex-dividend date will be August 19, 2008, for the previously announced...

Fannie Mae and Freddie Mac: A Fall From Grace

Thu, 24 Jul 2008 18:18:00 0500

CHICAGO, July 24 PRNewswire — "The recent collapse in the stock prices of Fannie Mae and Freddie Mac is just one in a series of blows to the stability of U.S. financial markets. The threat created by the failure of these two institutions...