Ullico's Flagship Commercial Real Estate Fund Commits $20 Million to Minneapolis Construction Project

Ullico's Flagship Commercial Real Estate Fund Commits $20 Million to Minneapolis Construction Project

Ullico Inc., today announced it will extend up to $20 million in financing through its Separate Account J, also known as "J for Jobs", for the construction of Loring Park Tower, a 37-story, 354-unit high-rise apartment building in downtown Minneapolis, Minn. The Loring Park Tower project will create over 1000 jobs for local union workers.Washington, D.C. (PRWEB) November 28, 2012 Ullico Inc. ...

Tampa Commercial Real Estate Sells A Shopping Center in Tarpon Springs, FL

Steven Silverman represented a Buyer in the purchase of a shopping center located at 40741 US Highway 19, Tarpon Springs, FL 34689.Tarpon Springs, FL (PRWEB) November 30, 2012 Steven Silverman, the Broker at Tampa Commercial Real Estate represented the Buyer of a shopping center located at 40741 US Highway 19, Tarpon Springs, FL 34689.Tampa Commercial Real Estate is a commercial real estate ...

Genesis Capital Highlights Commercial Real Estate and the Fiscal Cliff

The U.S. fiscal cliff has been increasingly in the news and is heating up as the end of the year -- and deadlines -- approach. "Fiscal cliff" is the term being used to describe the expiration of tax cuts (personal taxes, estate tax, capital gains tax, payroll tax, Alternative Minimum Tax) and the $600 billion in federal budget cuts that will occur on January 1, 2013 if changes are not made to ...

Commercial Real Estate Experts Predict Industry Trends for 2013

What's in store for the commercial real estate industry in 2013? With the real estate market on more solid footing and consumer confidence rising, many industry sectors appear poised for rebound and recovery, while others may have a cool-down ahead. Here are some predictions for the year to come from experts at commercial real estate companies including M&R Development, RMK Management Corp ...

Cole Real Estate Investments Acquires Encana Oil & Gas Regional Headquarters Facility in Plano, TX, for $120 Million

Latest office transaction adds energy sector diversification to national portfolio.Phoenix, AZ (PRWEB) November 28, 2012 Cole Real Estate Investments (Cole), a diversified commercial real estate firm, announced it has acquired a 318,600-square-foot, 12-story, Class A office tower in Plano, TX, for $120 million. The newly acquired property is 100% leased to Encana Oil & Gas (USA), Inc., a leading ...

Rayaan Arif Named Managing Director of the Off Market Association

Rayaan Arif has been named the new Managing Director of the Off Market Association (OMA). The Off Market Association (OMA) brings together experienced commercial real estate experts, bankers, finance experts, consultants, attorneys, accountants and others. The association offers a new avenue for deal-making, networking and education.San Francisco, CA (PRWEB) November 29, 2012 Rayaan Arif has ...

DSK to pay hotel maid $6 million over sex claim, lawyers deny reports - Daily News & Analysis

Daily News & AnalysisDSK to pay hotel maid $6 million over sex claim, lawyers deny reportsDaily News & AnalysisDominique Strauss-Kahn has reportedly agreed to pay a $6 million settlement to the New York hotel maid whose accusations of sexual assault ruined his career, it was claimedon Friday. Although the criminal prosecution against the head of the ...Dominique Strauss-Kahn to pay $6 million settlement to hotel maidMetro.usEx-International Monetary Fund chief Dominique Strauss-Kahn reaches $6 ...New York Daily NewsHotel maid allegedly raped by Strauss-Kahn wins $6 million settlement (Video)allvoicesBusinessweek -FRANCE 24all 1,364 news articles »

Commercial real estate deals surge

By Sam Spatter, Pittsburgh Tribune-Review The Pittsburgh region's commercial real estate market produced strong sales this year through October, increasing 28.3 percent in dollar value, according to a report on ...

Feedback: Krog Chosen To Build Clayton's New Hotel - WWNY TV 7

Feedback: Krog Chosen To Build Clayton's New HotelWWNY TV 7The Buffalo company proposed building the $22 million hotel consisting of 104 rooms. The project also includes 10 to 15 townhouses, which brings the total cost of the project to $26 million. Krog was the original developer, but after the company didn't ...Clayton picks Krog Corp. to develop $26 mil hotel on Frink siteWatertownDailyTimes.comall 3 news articles »

Real Estate & Development

As a commercial real estate broker, one is always walking the tightrope between a glass half empty and a glass half full.

Pembrook Capital Management Provides $48.2 Million of Financing for Multifamily and Retail Properties

NEW YORK, Nov. 30, 2012 /PRNewswire/ -- Pembrook Capital Management LLC (Pembrook), a commercial real estate investment manager that provides financing throughout the capital structure including first ...

Hotel closing shocks leaders: Renewal project used $1 million - Centre Daily Times

Centre Daily TimesHotel closing shocks leaders: Renewal project used $1 millionCentre Daily TimesThe sudden closure of an anchor in the downtown Philipsburg business community comes fewer than three years after its owners secured more than $1 million in state taxpayer money for renovations. The Philips Hotel in downtown Philipsburg surprised ...Hotel's sudden closing generates wonder, questionsSeattle Post Intelligencerall 15 news articles »

Private Equity Jumps Big Into Commercial Real Estate Loans

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Subrata Roy's Sahara buys Plaza Hotel in New York for $575 million - NDTV

BBC NewsSubrata Roy's Sahara buys Plaza Hotel in New York for $575 millionNDTVNew Delhi: Sahara India is understood to have acquired 75 per cent stake in the Plaza Hotel in New York. Media reports said Subrata Roy-promoted Sahara paid $575 million (about Rs 3,000 crore) for the 75 per cent stake, while the remaining 25 per cent ...Sahara India Pariwar wraps $575 million purchase of majority stake in NY's ...Edmonton JournalIndian billionaire acquires New York's Plaza HotelTravel Weekly UKPlaza Hotel in New York sold to Indian billionaireBBC Newsall 126 news articles »

Texas man arrested after allegedly exploiting lock flaw to break into hotel room - New York Daily News

New York Daily NewsTexas man arrested after allegedly exploiting lock flaw to break into hotel roomNew York Daily NewsEarlier this fall, three hackers debuted a stealthy lock pick in the form of a pocket-sized marker which can spring open locks used in at least four million hotel rooms worldwide. The port is supposed to open only with the hotel's master keys. The flaw ...Zero-day hotel keycard hack goes unfixed, now being used by Texas thievesExtremeTechLocal hotel thefts may involve security flawHouston ChronicleSecurity Flaw In Hotel Door Locks Leaves Guests Vulnerable To CrimeHuffington PostComputerworld (blog) -Newser -Forbesall 47 news articles »

New jobs come with $60 million casino expansion - The City Wire

New jobs come with $60 million casino expansionThe City WireChoctaw Casino Hotel could be adding close to 350 jobs to its Pocola, Okla., location once phase two of its $60 million expansion is complete. When the planned positions are filled, the gaming and hospitality center will support close to 850 jobs in ...and more »

Simple flaw in hotel door locks leaves MILLIONS of guests vulnerable to ... - Daily Mail

Daily MailSimple flaw in hotel door locks leaves MILLIONS of guests vulnerable to ...Daily MailEarlier this year, it was revealed that more than four million hotel rooms were in jeopardy after a 24-year-old developer for Mozilla demonstrated how easily hotel door locks made by Onity could be disabled using a device he created for less than $50.

Jungreis and Cohen of Rosewood close $81 million hotel sale; Jungreis and ... - New York Real Estate Journal Online

New York Real Estate Journal OnlineJungreis and Cohen of Rosewood close $81 million hotel sale; Jungreis and ...New York Real Estate Journal OnlineBrooklyn, NY Rosewood Realty Group (www.rosewoodrealtygroup.com) has closed on the $81 million sale of the landmarked Bossert Hotel, once known as the Waldorf Astoria of Brooklyn at 98 Montague St. in Brooklyn Heights. David Bistricer and Joseph ...

Des Moines lands $45 million project in chance meeting - Business Examiner

Des Moines lands $45 million project in chance meetingBusiness ExaminerHe may have been on a different continent, but Bob Sheckler was in the right place at the right time to snatch up a roughly $45 million hotel development project that could have gone to Tacoma. "I still can't believe it to this day that actually ...and more »

Billionaire Ty Warner May Sell Four Seasons Flagship Hotel in New York for ... - Latinos Post

Billionaire Ty Warner May Sell Four Seasons Flagship Hotel in New York for ...Latinos PostBeanie Baby mogul H. Ty Warner, owner of the sumptuous Four Seasons Hotel New York on 57th Street in Manhattan, has received an unsolicited $900 million offer to sell the property, according to an anonymous source close to the deal, as reported by The ...Report $900 million offer made for Four Seasons New YorkTravel Weeklyall 3 news articles »