Friday, October 12, 2012
Atlanta, GA (Oct. 12, 2012) ─ “What to Expect in 2013” was the theme of The Third Annual Commercial Real Estate Investment & Finance conference sponsored by Morris, Manning & Martin, LLP in concert with France Media’s InterFace Conference Group.
The conference was held October 4 at the Westin Buckhead in Atlanta, and drew over 400 attendees, many of them executives of leading national commercial real estate companies, private equity funds, banks and related service providers.
The keynote address for the conference was delivered by Dr. Peter Linneman, the nationally-acclaimed real estate economist. Dr. Linneman currently serves as the Albert Sussman Emeritus Professor of Real Estate, Finance and Business Public Policy at the Wharton School of Business.
He is considered by many within the commercial real estate sector to be the leading authority for economic forecast. Dr. Linneman reviewed the current state of the real estate market, both locally and nationally, and provided insight into what the real estate industry can expect in 2013 and beyond.
For a complete copy of the company’s news release, please contact:
Posted by Alex at 2:38 PM
ConnectWise, Inc. Expands Operations; Signs 35,000 SF Lease at Fountain Square II in Tampa’s Westshore Business District.
|Fountain Square II, Tampa, FL|
TAMPA, FL, Oct. 12, 2012, – Just months after moving into new offices ConnectWise, Inc., one of the region's largest software vendors, is expanding once again.
This time the company has leased 35,000 square feet at Fountain Square II, a Class A office building located near its national headquarters at Independence Parkway and the Veterans Expressway.
ConnectWise, which will occupy the entire fourth floor at Fountain Square II, has been ranked on the annual Inc. 500|5000, Inc. Magazine’s exclusive ranking of the nation's fastest-growing private companies for five consecutive years.
The deal which was brokered by Jimmy Garvey and Joe Taggart of CLW, brings the building occupancy to over 97%.
Co-owner, Larry Feldman, CEO of Feldman Equities, Inc. stated “This new long-term lease with ConnectWise builds upon the already solid foundation of the Fountain Square II tenant base, stated Feldman.
“In less than two years since the building was purchased, we've signed 42,000 square feet of new leases and we're entered into nearly 50,000 square feet of lease renewals.
“Recently, a wholly owned subsidiary of Humana Insurance, CarePlus, signed a long term lease for 40,000 square feet. The Humana lease extension includes a 5,000 square foot expansion. Parsons Engineering, a national tenant, has also entered into a long term lease extension.”
"We're excited to expand our office location once again, to better serve the needs of the growing ConnectWise Capital employee and partner base," said Arnie Bellini, CEO of ConnectWise.
"The Fountain Square II office location is ideally located just steps from our headquarters at Independence Parkway and the Veterans Expressway. This new space will accommodate the increasing needs of our companies as we continue to grow."
Fountain Square II was acquired early last year by New York-based Feldman Equities Inc and Maitland-based Tower Realty Partners Inc in a joint venture with TriGate Capital.
The 134,000-square-foot office building is located in Tampa’s Westshore Business District, part of the Fountain Square Office Park located at Independence Parkway and the Veterans Expressway. More information about the building can be found at www.fountainsquare2.com
JPR Communications for ConnectWise
ASSET MARKETING, INC
Posted by Alex at 2:22 PM
|St. Louis Union Station Hotel rotunda|
McLean, VA (Oct. 12, 2012) – DoubleTree by Hilton today announced that the historic, AAA four-diamond St. Louis Union Station Hotel has joined the Hilton Worldwide portfolio of hotels as the St. Louis Union Station Hotel – a DoubleTree by Hilton.
Formerly a Marriott, the hotel is owned by Lodging Hospitality Management, a St. Louis-based hotel owner/operator with 23 hotels and venues in the greater St. Louis area, which acquired the hotel along with the entire Union Station complex.
The St. Louis Union Station Hotel - a DoubleTree by Hilton joins other prestigious, iconic hotels that retain their unique character while enjoying the benefits of the DoubleTree by Hilton brand, including The Wit in Chicago, Hotel Maya in California, The Curtis in Denver and Gallery One in Ft. Lauderdale.
“For more than a century, this site has been the gateway to the Midwest, first as a train station, and for the last 25 years as a hotel,” said Robert O’Loughlin, CEO of Lodging Hospitality Management.
“When we began considering which brand would best carry on the traditions of the location and complement the rest of the St. Louis landscape, DoubleTree by Hilton emerged as the clear winner.”
For a complete copy of the company’s news release, please contact:
Global Brand Public Relations
DoubleTree by Hilton
+1 703 883 5346
Daly Gray, Inc.
Posted by Alex at 2:04 PM
IRVINE, CA— RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for September and the third quarter of 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 180,427 U.S. properties in September, a decrease of 7 percent from the previous month and down 16 percent from September 2011. September’s total was the lowest U.S. total since July 2007.
The decrease in September helped drop the third quarter foreclosure numbers to the lowest level since the fourth quarter of 2007.
Foreclosure filings were reported on 531,576 U.S. properties during the quarter, a decrease of 5 percent from the second quarter and a decrease of 13 percent from the third quarter of 2011 — the ninth consecutive quarter with an annual decrease in foreclosure activity.
The report also shows one in every 248 U.S. housing units with a foreclosure filing during the quarter.
“We’ve been waiting for the other foreclosure shoe to drop since late 2010, when questionable foreclosure practices slowed activity to a crawl in many areas, but that other shoe is instead being carefully lowered to the floor and therefore making little noise in the housing market — at least at a national level,” said Daren Blomquist, vice president at RealtyTrac.
“Make no mistake, however, the other shoe is dropping quite loudly in certain states, primarily those where foreclosure activity was held back the most last year.
For a complete copy of the company’s news release and full statistics, please contact:
949.502.8300, ext. 268
Jennifer von Pohlmann
949.502.8300, ext. 139
Historical & Detailed Data
949.502.8300 ext. 158
Posted by Alex at 1:46 PM