QLT completes Cdn$65.5 million real estate transaction

QLT Inc. , announced today the closing of its previously disclosed agreement to sell the land and building comprising its corporate headquarters and the adjacent undeveloped parcel of land in Vancouver, British Columbia to Discovery Parks Holdings Ltd., in its capacity as trustee of Discovery Parks Trust and Discovery Parks Trust 2 ("Discovery Parks"), for Cdn$65.5 million. In conjunction with the sale, QLT has entered into a five-year lease with Discovery Parks for approximately thirty percent of the facility and will provide two-year 6.5% interest-only second mortgage vendor financing in the amount of Cdn$12 million. read more

Source: QLT Inc.

Real Estate Expo Announces Middle East Tour

Real Estate Expo (www.realestateexpo.us) will shift into action in October of 2008 with its Middle East Tour. This international Real Estate Show is currently one of the only venues that offers its participants the opportunity to meet and speak with international investors from the Middle East in these exclusive receptions.

"Abu Dhabi, Kuwait and other Persian Gulf countries flush with oil revenue have taken advantage of falling prices to invest in real estate and financial companies in the U.S. Middle Eastern investors have spent $1.8B this year on commercial property in the U.S., more than other international buyers."-- Real Capital Analytics Inc. read more

Source: Real Estate Expo

Zurich Offers Information About Minimizing Hurricane Damage to Business Properties and Operations

Zurich, a leading global property and casualty insurance provider, today offered information to business owners and managers on specific steps they can take to minimize damage to their property and operations as Hurricane Gustav approaches the Gulf Coast. read more

Source: Zurich Financial Services Group

Green Hasson & Janks LLP Recognized as a Best Place to Work

The Los Angeles Business Journal has named Green Hasson & Janks LLP (GH&J) one of the "Best Places to Work" in Los Angeles. The recognition, part of the industry publication's 2nd annual "Best Places to Work" survey, was featured in this week's Los Angeles Business Journal.

"This achievement is a testament to our firm's dedication in creating a closely knit, family-like working environment," said Leon Janks, Managing Partner. "We are deeply committed to ensuring the core values of GH&J's culture -- act as one firm, keep our commitments, grow great people, encourage new ideas -- are strengthened and incorporated into every aspect of our business." read more

Source: Green Hasson & Janks LLP