MiamiHerald.com: Press Releases - Real Estate

Bimini Capital Announces 2011 Dividend Distribution Treatment

Fri, 10 Feb 2012 14:17 EST

Bimini Capital Management, Inc. (OTCBB: BMNM) (the “Company”), a real estate investment trust (“REIT”), today announced the following tax treatment for dividends paid or declared on the Company’s common stock in 2011.

Ed Fritsch Appointed to Board of Directors of National Retail Properties, Inc.

Thu, 09 Feb 2012 16:41 EST

/PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that its Board of Directors appointed Ed Fritsch as a member of the company's board.

Standard Pacific Homes Announces February 11 Grand Opening of San Mellina in Coconut Creek

Thu, 09 Feb 2012 15:56 EST

/PRNewswire/ -- Standard Pacific Homes, one of the nation's leaders in quality homebuilding, today announced the February 11 Grand Opening of San Mellina in Coconut Creek. This gated community of large home sites introduces prospective homebuyers to Standard Pacific Homes' modern Great Room centered floor plans through four new single-family home designs.

Green Homes Market Expected to Increase Five-Fold by 2016 - Up From a $17 Billion Opportunity Today - Says New McGraw-Hill Construction Study

Thu, 09 Feb 2012 14:21 EST

/PRNewswire/ -- McGraw-Hill Construction, a part of The McGraw-Hill Companies (NYSE: MHP), today released findings from a new Green Home Builders and Remodelers Study at the National Association of Home Builders (NAHB) International Builders' Show in Orlando. Green homes comprised 17% of the overall residential construction market in 2011 and are expected to grow to between 29% and 38% of the market by 2016. By value, this equates to a five-fold increase, growing from $17 billion in 2011 to $87-$114 billion in 2016, based on the five-year forecast for overall residential construction.

Carter Validus Mission Critical REIT Acquires $8,470,000 Ambulatory Surgical Center

Thu, 09 Feb 2012 14:16 EST

Carter Validus Mission Critical REIT, Inc. announced today that it has acquired the St. Louis Surgical Center, an ambulatory surgical center located in the center of Creve Coeur, a suburb of St. Louis, Missouri, for a purchase price of $8,470,000. The facility is strategically positioned in close proximity to three area hospitals: St. Johns Mercy Medical Center, BJC Missouri Baptist and Barnes Jewish West County Hospital; and serves the needs of the area's physicians and their patients.

Associa Community Management Professionals Receives AAMC Award

Thu, 09 Feb 2012 12:21 EST

Community Management Professionals, Inc., an Associa company, received the Accredited Association Management Company (AAMC) designation by the Community Associations Institute (CAI) in August 2011.

Behringer Harvard Announces Sale of Luxury Multifamily Community in Fort Myers, Florida

Thu, 09 Feb 2012 12:16 EST

/PRNewswire/ -- Behringer Harvard announced today that it has completed the sale of The Palms of Monterrey, a 408-unit, resort-style multifamily community situated on a 28-acre site in Fort Myers, which is on Florida's southwest coast in Lee County, approximately 100 miles south of Tampa. The buyer was Newton, Massachusetts-based Churchill Forge Properties, Inc., an owner and operator of more than 10,000 units of multifamily housing.

Florida's Existing Home, Condo Sales Up in 4Q 2011

Thu, 09 Feb 2012 11:16 EST

Investors Cautiously Optimistic for 2012

Thu, 09 Feb 2012 09:16 EST

/PRNewswire/ -- MoneyShow.com, the largest multimedia investment education destination for investors, traders, and financial advisors, announced today the results of its MoneyShow.com Investors' survey at The World MoneyShow in Orlando, Florida. Results reveal 58% of investors predict the S&P 500 will increase between now and the end of the year. While still positive, investors aren't as bullish as they were last February when the survey revealed that 70% of investors were expecting the S&P 500 to rise for 2011. Additionally, more than 66% of investors believe we are in a volatile market that won't make big moves either way for a while.

Rampart Properties’ Managers Earn CAI Designation

Wed, 08 Feb 2012 15:51 EST

Rampart Properties, an Associa company, announces that Eve Pennington, Kimberly Rodgers, Jane Jarlenski, and Lynn Wyszynski received their AMS designation by the Community Associations Institute (CAI). Additionally, Stephanie Burtwell received her CMCA designation by CAI.

Community Management Concepts, Inc. Announces Client Expansion

Wed, 08 Feb 2012 14:55 EST

Community Management Concepts, Inc., an Associa company, announces the addition of three new clients to an already diverse Florida company profile.

Couture Homes’ Lifestyle Collection™ Dazzles Luxury Home Clients in the Palm Beaches

Wed, 08 Feb 2012 14:20 EST

Couture Homes announced today that it has recently completed three custom homes from its Lifestyle Collection™ and sold an additional four Lifestyle Collection Homes in Old Palm Golf Club (www.OldPalmGolfClub.com), with a total value of more than $22.5 million. Couture Homes has quickly become one of Palm Beach County’s leading custom builders of luxury homes, thriving even in the down housing market by reinventing every facet of the custom building process. At the core of Couture’s unique approach to designing and building homes is its proprietary Lifestyle Discovery Process™, which is based on ethnographic research methods that discover the client’s lifestyle and guides the home-design process.

Despite Improvement to Economy, Foreclosures Continue to Drag Down Housing Starts, Prices

Wed, 08 Feb 2012 13:45 EST

Processing delays create large "shadow" inventory of foreclosures

American Builders Supply Acquires Clermont Builders Supply

Wed, 08 Feb 2012 10:50 EST

American Builders Supply (“ABS”), the largest independent supplier of doors, windows and trusses to homebuilders in Florida, acquired Clermont Builders Supply, Inc. ("CBS"), the company announced today. Terms of the transaction were not disclosed. ABS is owned by an affiliate of Blue Wolf Capital Fund II, L.P. (“Blue Wolf”).

Perennial Wood, Real Wood Made to Endure, Brings Longevity and Authenticity to Outdoor Applications

Wed, 08 Feb 2012 09:10 EST

The next generation of wood for outdoor applications, Perennial Wood™, was introduced to the building and construction trade industry today at the International Builders’ Show. Made possible through TruLast™ Technology, a proprietary process from Eastman, Perennial Wood is real wood made to endure, that’s been modified to resist changes from moisture, such as shrinking, swelling and movement, for decades. As the first building product manufactured and marketed by Eastman, Perennial Wood leverages the company’s extensive 80-year history in acetylation.

SmartTouch Interactive Launches New Lead Adapter to Integrate with Third Party Real Estate Marketing Lead Sources

Wed, 08 Feb 2012 09:10 EST

SmartTouch® Interactive, an interactive real estate marketing agency and real estate marketing automation and CRM software development company, today announced that it has made available the new Smart Lead Adapter™. The new software solution enables leads from third party sources, including New Home Source, New Home Guide and New Condos Online, to auto populate leads into SmartTouch®, eliminating double data entry and leveraging the SmartTouch Platform® lead scoring and nurturing capabilities.

Regency Centers Updates 2012 Earnings Guidance

Tue, 07 Feb 2012 17:15 EST

Regency Centers Corporation (NYSE:REG);(“Regency” or “The Company”) announced today updated earnings guidance associated with the redemption and new issuance of preferred securities.

SBA 504 Loans Hit Record Low Interest Rate for February

Tue, 07 Feb 2012 17:05 EST

The Small Business Administration's (SBA) 504 loan program is providing stable, long-term, fixed rate financing for commercial real estate and the purchase of other capital fixed assets at the lowest interest rate since the program's inception.

Regency Centers Announces Pricing of 10,000,000 6.625% Series 6 Cumulative Redeemable Preferred Shares

Tue, 07 Feb 2012 16:40 EST

Regency Centers Corporation (NYSE:REG); (“Regency” or “The Company”) announced today the pricing of an underwritten public offering of 10,000,000 shares of newly issued 6.625% Series 6 Cumulative Redeemable Preferred Shares (“Series 6 Stock”) at a price of $25 per share, resulting in gross proceeds of $250.0 million. We estimate that the net proceeds, after deducting the underwriting discount and before other estimated offering expenses payable by us, will be approximately $242.1 million. The offering is expected to close on or about February 16, 2012. Regency will file an application to list the Series 6 Stock on the New York Stock Exchange.

Newsweek’s Best in the U.S. Retirement

Tue, 07 Feb 2012 08:50 EST

Released in early 2012 from Newsweek® Magazine, “Best in the U.S. Retirement Showcase,” is a feature on communities catering to retiring boomers. One of the communities selected – Lake Weir Living® – identifies itself with Dylan, The Stones, Joplin and Hendrix. Located 8 miles to The Villages and 55 miles north of Orlando, in central Florida, Lake Weir Living® is Toy-Friendly®, and an innovative alternative to golf communities.