Canadians told to halt Colorado securities sales
Canadian real estate interests have been ordered to stop selling securities in Colorado for allegedly violating securities-registration laws, state Securities Commissioner Fred Joseph announced Thursday.
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Stimulus Programs, Financial Market Intervention to Benefit CRE–But Not Right Away
The government’s pumping up of the economy via various programs created by the nearly $800 billion economic stimulus package and interceding in the financial market will indirectly incite the revival of the commercial real estate market, according to a new report by Marcus & Millichap Real Estate Investment Services. But the major impact is unlikely to be felt this year.
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Closures & Layoffs (May 17-23): AmEx, HP, Medtronic, Seagate Cutting Thousands
American Express is undertaking a companywide reengineering through the remainder of 2009. The reengineering plan includes: a reduction of staffing levels, scaled back investment spending, and further cutbacks in operating costs. The company will eliminate…
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Central Florida Home Builder Named Top 100 by Builder Magazine
Builder Magazine has named Highland Homes number 84 on its list of the top home builders for 2008 based on total closings for the year. This privately owned central Florida builder moves up the list from 121 to 84 with 350 Florida new homes closed during 2008.
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Hot Market: Orlando Home Sales Soaring
Once homes hit a psychological barrier, buyers jump off the fence, such is the case in the hometown of Disney World, Orlando, Florida, where the latest stats show home sales up 47 percent year over year in March 2009. The surge is a result of the average housing price dropping 37 percent according to The Orlando Regional Realtor Association.
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$17.1M for Disney Vacation Club building
A joint venture between Duke Realty Corp. and CB Richard Ellis Realty Trust acquired the Disney Vacation Development headquarters building for $17.1 million.
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The Hamner Institutes cements China pharmaceuticals partnership
The Hamner Institutes for Health Sciences has signed an agreement China’s largest medical research park that creates a new international center for pharmaceuticals: The Hamner-China Medical City Institute for International Drug Development.
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Report: Orlando No. 4 in home starts
Residential construction activity remains low nationally, but the Orlando market is still among the highest in housing starts, according to a May 19 report by Metrostudy.
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Report: Russian group offers $200M to Facebook
Another investor has reportedly showed up offering Facebook Inc. $200 millon as the social networking company seeks to buy out employee stock. (MSFT)
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City manager names new housing board member
Cincinnati City Manager Milton Dohoney has selected John Stix Rosenberg to replace Don Driehaus on the board of the Cincinnati Metropolitan Housing Authority effective June 1.
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