DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (DRP) Declares Monthly Distribution

DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. declared a distribution of $0.08 per share, payable on October 31, 2008 to shareholders of record on October 16, 2008. The ex-date is October 14, 2008. The previous monthly distribution amount was $0.134 per share.

The current distribution rate represents a 12.00% annualized yield based on the closing market price of $8.00 on October 3, 2008 and a 9.27% annualized yield on a closing NAV of $10.36 on the same date. read more

Source: DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.

Blumberg Capital Partners Completes Two-Year Real Estate Disposition Strategy

Blumberg Capital Partners, a Coral Gables, Fla.-based investment fund manager, today announced it has completed a two-year strategy to dispose of its major commercial real estate holdings nationally, raising cash to capitalize on strategic investment opportunities, amid a tightened credit environment and lower asset prices. The most recent transaction was completed last month, with the $9.3 million sale of its smallest holding, a 76,397-square-foot office building in Tampa, Fla. read more

Source: Blumberg Capital Partners

EcoBroker(R), the Green Designation in Real Estate Since 2002, Celebrates 4,000 Members

Closing in on six successful years as the leader in green real estate education, EcoBroker International, the Green Designation, (http://www.EcoBroker.com), proudly celebrated its 4,000th member this August. The milestone also coincides with another great moment in the company's history -- the fifth anniversary of the first graduating class of EcoBroker Certified® real estate professionals in 2003. Officially founded in 2002, EcoBroker has since been the clear leader in the green real estate training industry with its Green Designation, growing to more than 4,000 members in virtually every state, five Canadian provinces, Mexico, Costa Rica, the Caribbean, and New Zealand. read more

Source: EcoBroker International

SL Green Realty Corp. to Present at the Merrill Lynch 2008 Global Real Estate Conference September 17, 2008 at 1:45 PM EDT

SL Green Realty Corp. today announced that executive management will make a presentation at the Merrill Lynch 2008 Global Real Estate Conference on Wednesday, September 17, 2008 at 1:45 pm EDT. The presentation will be simultaneously webcast, in a listen-only mode, on the Company's website at www.slgreen.com. A replay of the webcast will be available for on-demand replay within 24 hours of the call through September 30, 2008 in the Investor section of the Company’s website. read more

Source: SL Green Realty Corp.

FirstService Expands Real Estate Services Division Into New York

FirstService Corporation today announced that it has entered into a definitive agreement to expand its global real estate services platform by acquiring a 65% interest in New York-based GVA Williams Real Estate, with senior management retaining the balance of equity. The terms of the transaction were not disclosed. All dollar amounts noted are in U.S. dollars. The transaction is expected to be completed by the end of September, 2008 at which time GVA Williams will be re-branded as Williams Real Estate, a FirstService Company. read more

Source: FirstService Corporation

Reznick Group Launches Reznick Capital Markets; Expands Services for Real Estate Clients

Reznick Group, P.C., a top 20 national CPA firm with extensive experience in real estate, announced today that it was forming Reznick Capital Markets, LLC to expand its services for real estate clients. A wholly owned subsidiary of Reznick Group, the new company will serve the debt and equity needs of clients in the capital markets. In doing so, Reznick Capital Markets will provide services for a wide variety of transactions ranging from joint venture funding for commercial and mixed use portfolios to single developments requiring capitalization. read more

SOURCE Reznick Group

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.

Using recycled and re-purposed items for 'green' home staging

In a real estate market where there is a lot of inventory and buyers have many options to choose from, it is important to make your home stand out from the sometimes 10 other homes that buyers have seen that day. Like many homeowners selling during this buyers market, Altadena homeowners Andre and Shami are "staging" their home, except with an eco-friendly twist.

How? Almost every piece of furniture and artwork has been salvaged, re-purposed or made of recycled materials. All other pieces are constructed of organic and natural materials that were made in an environmentally friendly manner. read more

Source: MindEarth

Julia H. Terry Joins Jones Walker's Real Estate Practice

The law firm is pleased to announce that Julia H. Terry has joined the firm as a special counsel in the Real Estate Practice Group. She will practice from the firm's New Orleans office.

Prior to joining Jones Walker, Ms. Terry served as Vice President and Underwriting Counsel for First American Title Insurance Company's National Commercial Services (NCS) Division in Atlanta. read more

Source: Jones Walker

Xinyuan Real Estate Co., Ltd. Announces Second Quarter and First Half 2008 Results

Xinyuan Real Estate Co., Ltd. , a fast-growing residential real estate developer with a focus on strategically selected Tier II cities in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2008. read more

Source: Xinyuan Real Estate Co., Ltd.

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

Tampa facility recognized for proving excellence in environmental sustainability

SERVIDYNE, INC. , a building performance efficiency and real estate company, is pleased to announce that its consulting relationship with a customer in Tampa, Fla. has resulted in a Leadership in Energy and Environmental Design – Existing Buildings (LEED©-EB) Green Building Rating System Gold Certification. This is the first building in Florida to receive this prestigious distinction.

Servidyne was hired in 2006 to manage the certification process to ensure that the upgrades to the existing infrastructure would meet the stringent LEED-EB Gold Certification standards. In this role, Servidyne developed sustainability policies for the facility, including standards for green site and exterior building management, erosion and sedimentation control, indoor air quality management, storm water management, and sustainable purchasing practices. read more

Source: Servidyne

Cityscape USA to Feature Emerging Market Exhibitors from Top Real Estate Companies Worldwide

Cityscape USA will feature over 100 exhibitions from top real estate leaders, including Nakheel PJSC (UAE), the Tourism Development & Investment Company (TDIC), Larsen & Toubro (India) and the Panamanian Ministry of Economics and Finance (Panama). The exhibition takes place September 10-11 at the Jacob Javits Convention Center in New York City and will showcase unparalleled investment opportunities in emerging and US markets. read more

Source: Cityscape USA

Fitch Withdraws LMP Real Estate Income Fund, Inc. TARPS Rating

Fitch Ratings has withdrawn the 'AAA' rating assigned to LMP Real Estate Income Fund, Inc. series M taxable auction rate preferred stock (TARPS).

Fitch is withdrawing the rating following the full redemption of TARPS by the fund. read more

Source: Fitch Ratings

Investors Real Estate Trust Announces Increase in Regular Quarterly Common Share Distribution, and Declares Series A Preferred Share Distribution

Investors Real Estate Trust announced that its Board of Trustees has declared a regular quarterly distribution of 16.90 cents per share/unit payable on October 1, 2008, to common shareholders and unitholders of record at the close of business on September 15, 2008. The distribution reinvestment price will be the closing NASDAQ share price on October 1, 2008, less a discount of 5%. The Company has filed a registration statement with the Securities and Exchange Commission to register the number of common shares necessary to meet distribution reinvestment elections. read more

Source: Investors Real Estate Trust

Marathon Asset Management Takes Corporate Social Responsibility Green

Marathon Asset Management, the New York-based global alternative asset management firm, will relocate its headquarters to One Bryant Park, the world's most environmentally responsible high-rise office building. One Bryant Park is the first building of its size to aspire to a top ranked Platinum LEED certification from the United States Green Building Council (USGBC). LEED is a third-party certification program and the nationally accepted benchmark for the design, construction and operation of high performance green buildings. The building's innovative technologies reduce energy consumption by 50%, potable water consumption by 50%, and create net zero carbon dioxide emissions. read more

Source: Marathon Asset Management

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

Save Green and Live Green at Foxwood -- Auction on September 21

Homebuyers looking to live green and save green can do both at Foxwood, a new home community by Pleasant Hill-based builder DeNova Homes. On September 21, Accelerated Marketing Partners will conduct an auction of these 18 brand new, single-family homes; each designed to be GreenPoint Rated.

Minimum bids start at only $475,000 for homes with previously suggested pricing up to $859,000, which represents over a 40% discount. Buyers can register at AuctionMartinez.com to benefit from the lowest pricing in decades. read more

Source: DeNova Homes