Monthly Archives: May 2012

InnVest Real Estate Investment Trust Announces Departure of CFO

TORONTO, ONTARIO, May 31, 2012 (MARKETWIRE via COMTEX) – InnVest Real Estate Investment Trust (“InnVest”) /quotes/zigman/3427305 CA:INN.UN +1.95% announced that after serving 10 years as Chief Financial Officer, Tamara Lawson will be leaving her role to pursue a new opportunity. … Continue reading

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GCA Equity Partners Announces Real Estate Fund Exclusively for California …

Chuck Tralka …provides qualified California investors an easy way to diversify into real estate and gives the potential to increase portfolio returns while simultaneously reducing risk. CAMPBELL, Calif. (PRWEB) May 31, 2012 GCA Equity Partners, LLC (http://www.gcaequitypartners.com), today announced the … Continue reading

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Terreno Realty Corporation Acquires Buildings in Commerce, CA for $52.4 Million

SAN FRANCISCO, May 31, 2012 (BUSINESS WIRE) – Terreno Realty Corporation /quotes/zigman/580648/quotes/nls/trno TRNO +1.79% acquired an industrial property located in Commerce, California on May 30, 2012 for a purchase price of approximately $52.4 million. The property consists of five multi-tenant … Continue reading

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Agency Closings Pinch California Cities

BY BOBBY WHITE HERCULES, Calif.—Cities across California are grappling with the economic fallout from the state’s closure of redevelopment agencies, the municipal organizations that try to turn around blighted areas. The shutdowns—aimed at aiding the cash-strapped state—have resulted in layoffs, … Continue reading

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Founders of S3 Partners Charged in $21 Million Real Estate Investment Fraud Scheme

SAN JOSE, CA—The three founders of S3 Partners who allegedly defrauded numerous individual investors and banks out of more than $21 million in connection with a real estate investment fraud scheme were arrested and arraigned on 33 counts of conspiracy, … Continue reading

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Two South Lake Union office buildings sold

Seattle developer Weiss-Jenkins Properties sold two South Lake Union office buildings Wednesday to a California real-estate investment firm, according to county records. LBA Realty of Irvine, Calif., paid $49.05 million for the five-story Republican Building at Eastlake Avenue East and … Continue reading

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Lack of Distressed Supply Continues to Hit Home Sales

The unexpected drop in signed contracts to buy existing homes in April should have come as no surprise. It is all about price point, supply, and where the action is/has been. Depending on which survey you follow, sales of distressed … Continue reading

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$17 million judgment ordered against candidate Danny Tarkanian – Las Vegas Review

A federal judge has ordered a $17 million judgment against congressional candidate Danny Tarkanian and his family to repay a loan for a California real estate deal gone bad. Tarkanian said Wednesday he would appeal the judgment, which was signed … Continue reading

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California Couple Loses $18.5 Million Charitable Deduction on Technicality

By Laura Saunders If you intend to take a deduction for a charitable gift, pay attention to the letter of the law. With regret, a U.S. Tax Court judge denied a wealthy Sacramento, Calif., couple a deduction for $18.5 million … Continue reading

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Steel Castle Launches Investment Vehicle With Impressive First Acquisition

FULLERTON, CA and PEARLAND, TX, May 30, 2012 (MARKETWIRE via COMTEX) – Steel Castle Capital LLC, a boutique real estate investment management firm based in Orange County, Calif., and Philadelphia, Penn., has recently acquired its first property on a behalf … Continue reading

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