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Industry - Real Estate latest news



Merrill Lynch downsizes at Forum I
Merrill Lynch has renewed its lease at Forum I, but has decreased its footprint.
bizjournals Thursday, September 04, 2008

Comstock Homebuilding Companies, Inc.: Comstock Homebuilding Companies, Inc. to Eliminate $5.3 Million of Debt With Regions Bank
RESTON, VA (MARKET WIRE) Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) and certain of its subsidiaries (collectively "Comstock" or the "Company") today announced that it had entered into a forbearance and conditional release agreement ("Agreement") with Regions Bank ("Regions") with respect to approximately $5.3 million of the Company's $144.0 million of secured debt as of June 30, 2008. Under the terms of the Agreement, the Company agreed to cooperate with Regions with respect to its foreclosure on certain of the Company's real estate assets in Georgia and Regions agreed to provide the Company a full release
Marketwire.com Thursday, September 04, 2008

Watch List (Sept. 1-6): Capital Raising Continues for Distressed Assets
In this week's issue: Capital raising continues unabated for distressed assets. Cushman & Wakefield reports a loss. Okun 1031 Tax case takes down a lawyer. Banks breaking even at best. Babcock & Brown undertakes a strategic review. Plus, we give...
Costar Thursday, September 04, 2008

Under Contract (Sept. 1-6): As One Toledo Firm Shrinks, Another Grows into its Space
In this week's issue: Health Care REIT agrees to buy Dana HQs; 20 senior housing properties. Plus we give you the latest properties Under Contract in: Cameron Park, Carlsbad, Carmel, Pacoima and Pico Rivera, CA; Centennial and Greenwood Village, CO...
Costar Thursday, September 04, 2008

Property Finance (Sept. 1-6): Rubicon Wins Financing Extensions
In this week's issue: Rubicon won concessions from its lenders to extend its debt deadlines. Plus we give you new property finance deals and valuable leads list of lenders funding industrial acquisitions and loans maturing in the next 12 months in:...
Costar Thursday, September 04, 2008

Closures & Layoffs (Sept. 1-6): Disproportionate
In this week's issue: Minorities, women make up the majority of recent job cuts A groundswell overtakes another automotive firm. Plus we report on company closures and layoffs in: Alabama, Florida, Indiana, Iowa, Kansas, Ohio, Oregon, Pennsylvania...
Costar Thursday, September 04, 2008

Toll Brothers Swings to Loss
Toll Brothers swung to a loss as the U.S. housing-market declines led to more write-downs for the builder and sales continued to fall.
Real Estate Journal Thursday, September 04, 2008

Future looks bright for San Antonio apartment market, study finds
The outlook for San Antonio’s multifamily housing market is positive, according to Hendricks & Partners Inc.’s 2008 Apartment Update.
bizjournals Thursday, September 04, 2008

Lamar billboard goes before Zoning board
The ongoing controversy surrounding Lamar Advertising Co.’s plan to erect a digital billboard in Downtown Pittsburgh went before the city’s zoning board today.
bizjournals Thursday, September 04, 2008

Woodbridge Holdings Corporation: Woodbridge Holdings Corporation Announces Effective Date of Reverse Stock Split
FORT LAUDERDALE, FL (MARKET WIRE) Woodbridge Holdings Corporation (NYSE: WDG) announced today that it intends to effect its previously announced one-for-five reverse split of its common stock as of the close of business on September 26, 2008. As previously announced, at the effective time of the reverse stock split, each five shares of Woodbridge's Class A Common Stock outstanding will automatically convert into one share of Class A Common Stock, and each five shares of Woodbridge's Class B Common Stock outstanding will automatically convert into one share of Class B Common Stock. No fractional shares will be issued in
Marketwire.com Thursday, September 04, 2008

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