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  • Cornerstone Realty Completes Exchange Offer

    ATLANTA-The deal, involving outstanding Series A convertible preferred shares, is expected to generate $5 million in additional cash flow per year, according to the company's prepared statement.

  • Jubeen Vaghefi Heads Apartment Group's Tampa Office

    ORLANDO-The former Trammell Crow Co. and Pizzuti Realty Inc. professional has sold $600 million worth of product for institutional investors in his career to date.

  • Apartment-Buying Bargains Abound in Tampa Area

    TAMPA, FL-The five submarkets with the most potential for rising values in two to three years are Pasco-Hernando, Temple Terrace, Polk County, Town 'n Country, Manatee County and St. Petersburg, a new study by San Francisco-based Marcus & Millichap shows.

  • New Manager for Continental Executive Parke

    VERNON HILLS, IL-Trammell Crow Co., in the person of senior property manager Diane Portincaso, is now in charge of managing the 350-acre Continental Executive Parke in this northern suburb of Chicago.

  • MeriStar to Manage Swan Point Golf Course

    WASHINGTON, DC-MeriStar has signed a multi-year contract to manage a Maryland golf course, its first in the mid-Atlantic region. The course is part of the Swan Point community being developed by USX Realty.

  • Boeing Gets Red Carpet Ride in Chicago

    CHICAGO-Boeing Co. officials continue touring Downtown office possibilities as well as suburban space Thursday. Three West Loop sites as well as the north, northwest and west suburbs are considered.

  • North Bay Office Market Back on Average

    PETALUMA, CA-A first-quarter report from Orion Partners Ltd. finds the Marin County market has softened but is still at the historic average vacancy rate of about 10%. In nearby Sonoma County, office vacancy rates increased to an overall rate of 7.1% in the first quarter.

  • Investment Banker Moving to NY State

    PURCHASE-Fano Securities, an investment banking firm, is nearly doubling the size of its operation in the region and will move across the border from Greenwich, CT into New York State.

  • Kramont Crafts Innovative Sublease for Vacant Wal-Mart Space

    COLUMBIA, SC-The Philadelphia-based REIT has a deal with the Arkansas-based retailer to rent the 122,371 sf store to a mortgage brokerage and also to buy out Wal-Mart's lease at a later date. Columbia is 100 miles south of Downtown Charlotte.

  • American Church Posts $1.14-Mil 4Q Net Income

    MINNETONKA, MN-The mortgage company organized as a REIT lends to churches and other non-profit religious organizations throughout the US. It declares a dividend of 21.25 cents a share.