Archive for March 2011
CDO deal may be on horizon
A deal expected to surface as early as this year could mark the return of the commercial real estate collateralized debt obligation (CDO) market, Reuters reported.
CDOs, which provide more structural flexibility than commercial mortgage-backed …
Read MoreSouthridge owner acquires Phoenix property from Penney’s
The Macerich Co. has acquired the remaining 50 percent ownership of the Desert Sky mall in Phoenix for $27.6 million, the real estate investment trust’s second acquisition in less than two weeks.
California-based Macerich, which …
Read MoreComposites One plans new industrial building
Composites One LLC, a distributor of composite materials, plans to construct a 40,000-square-foot warehouse near the 3500 block of Southeast Gateway Drive in Interstate Gateway Business Park in Grimes. On Feb. 24, the Grimes City …
Read MoreFortune: CBRE most admired in real estate
Fortune magazine has named CB Richard Ellis Group Inc. (CBRE) to its annual roster of the “Most Admired Companies” in the U.S. real estate industry. The Los Angeles-based company was the highest-ranked commercial real estate …
Read MoreCasey’s picks up QuikTrip properties in Missouri
Ankeny-based Casey’s General Stores Inc. has signed a purchase agreement to acquire five QuikTrip Corp. convenience stores in the Springfield, Mo., metropolitan area. “These stores have been well maintained and are high-volume locations that will …
Read MoreLoopNet lands record number of visitors
LoopNet Inc. attracted an average of 2.7 million unique visitors to its website in both January and February, a record high for the commercial property marketing and information services company. The 40 percent increase from …
Read MoreSolar energy investment will create jobs, report says
Iowa stands to gain thousands of jobs and economic benefits by developing solar power, according to a report released today.
The report included a job-impact analysis by Iowa State University researcher David Swenson and was …
Read MoreWarner Bros. teams up with Facebook to show movies online
Facebook Inc. is starting into a new frontier, The Wall Street Journal reported: movies.
Warner Bros. Entertainment Inc. announced today that it will begin offering selected movies through the social media site. Warner Bros., owned …
Read MoreAmericans show optimism in their finances
Americans are more optimistic about their financial future, according to Principal Financial Group Inc.’s latest Well-Being Index.
The number of workers expressing concern about their long-term financial future dropped 11 percentage points from the fourth …
Read MoreEMC announces dividend
EMC Insurance Group Inc. declared a quarterly dividend of 19 cents per share.
The dividend is payable on March 24 to shareholders of record as of March 17. This is the 117th consecutive quarterly dividend …
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