OTS orders Harrington Bank to shore up capital Aug 8, 2009
As of March 31 according to figures, Harrington Bank had 55 employees, total loans of $246 million and growing problems in its real estate lending portfolio ... Make no new speculative construction, land or commercial real estate loans for the time being ... Triangle Real Estate. (Triangle Business Journal)
Cogdell Spencer results down on charges Aug 8, 2009
In the same period last year, the Charlotte-based real estate investment trust had funds from operations of $4 ... Funds from operations is the primary earnings measure for real estate investment trusts ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Premier eyeing major Charlotte expansion Aug 8, 2009
According to real estate sources, Premier has narrowed its search to three options: expanding in LakePointe Corporate Center, its current local home off Tyvola Road; moving to Ballantyne Corporate Park; or relocating to the 201 North Tryon office tower, formerly known as the IJL Financial Center. In a down year for commercial real estate, a deal for any of those locations would be one of Charlotte s largest transactions of the year ... Now is a very good time in the real estate market for us to... (Charlotte Business Journal, NC)
Cycling event ready to roll into uptown Aug 8, 2009
Palermo presided over corporate real estate during his tenure at Bank of America Corp., where he was responsible for bringing Hugh McColl Jr. s city-building ambitions to life ... Charlotte Real Estate. (Charlotte Business Journal, NC)
McCarthy Grady Healths new CFO Aug 8, 2009
McCarthy Grady Healths new CFO - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Hartford Financial takes back Meridian center Aug 7, 2009
In 2002, Cerberus real estate investment arm, , purchased the office park through a limited liability company called Charlotte Corporate Center Acquisition ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Buffalo outpaces U.S. income-growth rate Aug 7, 2009
for free extra services. Subscribe to Business First. (Buffalo Business First, NY)
Mortgage applications rise, rates fall Aug 6, 2009
MBA: Mortgage applications rise as interest rates fall - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
Home2 Suites plans Mooresville hotel Aug 6, 2009
The developer, , is a joint venture of Charlotte-area real estate developer and hotel development firm ... Charlotte Real Estate. (Charlotte Business Journal, NC)
P&G profits, sales drop in 4Q Aug 6, 2009
Pits, sales drop as global demand slips - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
Exclusive Subscriber Content Aug 6, 2009
Print Edition - Charlotte Business Journal. for free extra services. (Charlotte Business Journal, NC)
Levine gets deal for First Ward Aug 6, 2009
During recent months, though, Levine s resolve has impressed many even as the real estate sector collapsed amid the recession ... That decision will be dictated by the health and needs of the uptown real estate market ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Novant Health sells medical buildings Aug 6, 2009
netted more than $120 million in a recent real estate sale and is targeting the proceeds for new capital projects ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Sanford to lose plant; 68 jobs eliminated Aug 5, 2009
Colfax to shutter Sanford plant; 68 jobs eliminated - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
Consumer spending up in June, incomes down Aug 5, 2009
Consumer spending up in June, personal income drops - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
Are we selling local real estate market short? Aug 5, 2009
com: Are we selling local real estate market short ... Are we selling local real estate market short ... Don't ask real estate agent Al Ames if the local real estate market is recovering. (Erie Times-News, PA)
Final budget bill contains Amazon tax Aug 5, 2009
Final North Carolina budget bill contains Amazon tax - Triangle Business Journal. for free extra services. (Triangle Business Journal)
BofA pays $33M SEC fine in Merrill case Aug 4, 2009
BofA pays $33M SEC fine in Merrill Lynch case, shuffles execs - Triangle Business Journal. for free extra services. (Triangle Business Journal)
ACBJ names Whitney Shaw CEO Aug 4, 2009
Whitney Shaw named CEO of American City Business Journals - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
Peabody, Arch CEOs join Wash. U.'s board Jul 31, 2009
Harry Seigle, principal of , a real estate acquisition company based in Elgin, Ill ... St Louis Real Estate. (St. Louis Business Journal, MO)
Post-Dispatch parent swings to loss Jul 31, 2009
9 percent and real estate dropped 35 percent, Lee said. The company s total revenue for the recent third quarter fell more than 20 percent to $203. (St. Louis Business Journal, MO)
Venture to build $45M FBI office here Jul 28, 2009
Texas-based USAA Real Estate provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. Highwoods Properties (NYSE:HIW), based in Raleigh, is a real estate investment trust ... Charlotte Real Estate. (Charlotte Business Journal, NC)
St. Louis broker barred for Ponzi scheme Jul 28, 2009
Kenneth George Neely, a former registered representative who previously had worked for AXA Advisors and Stifel, stopped collecting funds only after (FINRA) staff confronted him about his fictitious real estate investment trust earlier this month, the agency said Monday. FINRA said it found that Neely conducted an elaborate Ponzi scheme, fraudulently inducing at least 25 brokerage customers, family and fellow church members to participate in a fictitious St. Louis Investment Club and to invest in... (St. Louis Business Journal, MO)
Novant land sale nets $120M for expansion plans Jul 25, 2009
For the second time in three years, has sold tens of millions of dollars in real estate to free up cash as it continues to pursue broad-based but as yet unspecified expansion plans. The Winston-Salem-based health system closed last week on the sale of 22 buildings for more than $120 million including 10 properties in the Triad totaling $45. (Business Journal of the Greater Triad Area)
Legislature extends JDIG until 2016 Jul 25, 2009
JDIG program, key N.C. business incentive, extended for five years - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
CommunityONE loses $1.2M Jul 25, 2009
CommunityONE loses $1. 2M - The Business Journal of the Greater Triad Area. (Business Journal of the Greater Triad Area)
KV hires bankruptcy firm Jul 25, 2009
KV Pharmaceutical hires bankruptcy firm - St. Louis Business Journal. for free extra services. (St. Louis Business Journal, MO)
Obama open to surtax for health care Jul 24, 2009
Obama open to surtax to pay for health care - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
Charlotte Ritz-Carlton taking reservations Jul 24, 2009
Stay up to date on the latest news from within the commercial real estate industry. Use of, or registration on, this site constitutes acceptance of our and. (Charlotte Business Journal, NC)
Southern Community reports $3.3M loss Jul 24, 2009
3 million in the second quarter as it continued to write down the value of real estate loans. The loss was much smaller than the $50 million loss the Winston-Salem parent company of Southern Community Bank & Trust reported in the previous quarter, but almost all of that loss was due to a one-time goodwill impairment charge of $49. (Triad Business Journal, NC)
UNCG prof wins $1.3M grant Jul 23, 2009
3M grant - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Report: Networking sites draw cyber crooks Jul 23, 2009
Report: Networking sites such as Facebook, Twitter draw cyber crooks - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Not in our markets, N.C. Hardees franchisee tells CKE Restaurants Jul 23, 2009
Not in our markets, N.C. Hardees franchisee tells CKE Restaurants - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Judge OKs Golden Gates Eddie Bauer offer Jul 23, 2009
Judge OKs Golden Gate Capitals Eddie Bauer offer - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Rock Hill boosts Riverwalk plan Jul 23, 2009
However, Riverwalk has been slowed by the ongoing recession, which has shelved demand as well as financing for real estate projects of any kind ... Andrew Jenkins, managing partner of , a real estate consulting firm in Charlotte, says big projects such as Riverwalk are viable if financing can be found ... The banks and big investors need some positive economic news to bring them back to the real estate development market. (Charlotte Business Journal, NC)
BB&T earnings trip over bad loans Jul 18, 2009
BB&T says it recorded a $701 million provision for credit losses in the second quarter, driven by continued deterioration in housing-related credits and deterioration in consumer real estate ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Chamber sees local economy improving Jul 18, 2009
Business demand for real estate is also slumping ... Charlotte Real Estate. (Charlotte Business Journal, NC)
N.C. jobless rate ticks back to 11% Jul 18, 2009
North Carolina unemployment ticks back to 11% - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
Insteel posts loss of $1.7M Jul 17, 2009
Insteel posts loss of $1. 7M - The Business Journal of the Greater Triad Area. (Triad Business Journal, NC)
UNC-Greensboro spinoff targets new uses for bioterror technology Jul 16, 2009
UNC-Greensboro spinoff targets new uses for bioterror technology - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
In brief: Former Jewel HQ | John Buck Co. | Exelon Jul 15, 2009
The seller of 1501 M Street N.W. was a real estate fund managed by CB Richard Ellis Investors LLC, which is looking to sell off assets ... We are optimistic that 1501 M and the Washington, D.C., real estate market will benefit from its strong tenant base and low vacancy rates, Charles Beaver, a Buck principal, said in a news release ... A fund managed by Equity International, Sam Zell's overseas real estate investment firm, has sold its entire 13. (Crain's Chicago Business)
IPhone may get ability to ID what it sees Jul 11, 2009
Patent hints iPhones may get ability to ID what they see - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Charlotte home closings, prices up Jul 10, 2009
The number of residential real estate closings in the Charlotte market rose 5 ... Charlotte Real Estate. (Charlotte Business Journal, NC)
City gets All-Star makeover Jul 8, 2009
St. Louis gets All-Star makeover with new signs - St. Louis Business Journal. for free extra services. (St. Louis Business Journal, MO)
Mortgage lender fined for illegal scheme Jul 8, 2009
North American Real Estate Services fined in alleged illegal scheme - Charlotte Business Journal ... North American Real Estate Services fined in alleged illegal scheme ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Exigence acquires Amherst headquarters Jul 7, 2009
One John James Audubon Partnership includes top executives from and Ciminelli Development Corp. William Stark Jr. handled the deal for Ciminelli Real Estate Corp., while Rob Savarino represented the Exigence Group. The law firm of was the building's primary tenant, but the firm is moving across the street to a multi-tenant building under construction by HoganWillig will serve as the 82,000-square-foot building's anchor tenant. (Buffalo Business First, NY)
YRC, Teamsters will resume talks Wednesday Jul 7, 2009
YRC also has been negotiating to defer union pension fund payments using company real estate as collateral and on June 18 secured an agreement with the largest pension fund to defer $83 million in payments ... St Louis Real Estate. (St. Louis Business Journal, MO)
Virginia developer seeks states OK for $14M project Jul 4, 2009
-based real estate development company HHHunt, has petitioned state health regulators asking to build the 100-bed Spring Arbor of Greensboro, replacing Friendship Care Assisted Living, which HHHunt bought after it was shut down. Spring Arbor will be 78,000 square feet and will be built on about 14 acres on Michaux Road, across the street from the Friendship Care facility on Old Battleground Road. (Business Journal of the Greater Triad Area)
It's time to 'move that bus' Jul 2, 2009
"I want her to be in awe," said Maleno, president of Maleno Real Estate Development, the local construction firm chosen to build the home for ABC's "Extreme Makeover: Home Edition.". Hundreds of spectators are expected to be on hand this afternoon to help Ty Pennington, the show's team leader, shout the three words that will kick off the unveiling: "Move that bus!". (Erie Times-News, PA)
Supreme Court clears way for remote DVRs Jul 1, 2009
Supreme Court clears way for remote DVRs - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Makeover extends to neighbors Jun 30, 2009
John Maleno, president of Maleno Real Estate Development, the local construction firm chosen for the build, said he hoped to start painting and pouring concrete for sidewalks and a basketball court planned for the backyard by the end of the day. Meanwhile, a block away, Howard was busy admiring her new yard. (Erie Times-News, PA)
Extreme Makeover Erie Edition: Homes items packed away Jun 27, 2009
Members of the Maleno Real Estate Development team, the local builders chosen for the show, spent part of the afternoon preparing for demolition day. By Thursday afternoon, the team had already cleared the backyard of small trees and brush to make room for one of two excavators that will do the job, and Waste Management had dropped off the first of many bins that will be used to collect the rubble. (Erie Times-News, PA)
ERIE'S GOING TO EXTREMES Jun 26, 2009
John Maleno, the president of Maleno Real Estate Developers, the local construction firm chosen for the show, watched it happen with his family on closed-circuit TV from inside a van parked nearby. A small group of children served by the center filed off the "Extreme" bus to help break the news. (Erie Times-News, PA)
BofA exceeds $33.9B capital target Jun 26, 2009
9B capital target - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
University Apartments in Durham sold Jun 26, 2009
sold the complex to Real estate firm represented the seller in the transaction ... Triangle Real Estate. (Raleigh Triangle Business Journal, NC)
N.C. high in self-employed company starts Jun 26, 2009
The economic sectors represented by nonemployer businesses include real estate services and specialty trade contractors ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Mortgage bankers expect fewer home loans Jun 25, 2009
Mortgage Bankers Association expects fewer home loans in 2009 - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Tonawanda Rite Aid will double in size Jun 25, 2009
for free extra services. Subscribe to Business First. (Buffalo Business First, NY)
SBA loan program opens to refinancing Jun 25, 2009
Previously, small-business owners could use that program only to make new purchases of real estate or capital equipment, such as machinery ... Charlotte Real Estate. (Charlotte Business Journal, NC)
New life ready to be built Jun 25, 2009
Wednesday: Maleno Real Estate Development turns keys over to "Extreme Makeover: Home Edition." Thursday: Move that bus ... About the builder Maleno Real Estate Development was co-founded in 1976 by John Maleno and his wife, Lynn ... Today, five of John Maleno's seven children,his sister and his son-in-law are part of a "full-service real estate team that specializes in construction, land development, property management and real-estate sales.". (Erie Times-News, PA)
Tax credit helps open doors Jun 25, 2009
If the tax credit has fallen short of expectations, it's more than just a reflection of the local real estate market as a whole. Sue Sutto, owner of Sue Sutto Realtors Inc., said a local real estate market that slowed but never crashed appears to be making a comeback. (Erie Times-News, PA)
Survey: Employers cutting 401(k) programs Jun 24, 2009
Grant Thornton report: Employers are slashing 401(k) matching programs - Triangle Business Journal. for free extra services. (Triangle Business Journal)
Reynolds workers protest smokes tax Jun 17, 2009
Triangle Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Raleigh Triangle Business Journal, NC)
Covidien, Nuvo partner on drug development Jun 17, 2009
for free extra services. Subscribe to St. Louis Business Journal. (St. Louis Business Journal, MO)
Exclusive Subscriber Content Jun 17, 2009
Print Edition - Charlotte Business Journal. for free extra services. (Charlotte Business Journal, NC)
