release

Fitch Downgrades Capital Trust 2004-1; Revises Outlooks; Assigns LS and Recovery Ratings

November 10, 2009

Fitch’s base case loss expectation of 38.5%. Fitch’s performance expectation incorporates prospective views regarding commercial real estate market value and cash flow declines. A detailed list of rating actions follows at the end of this release. CT

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zipLogix Announces zipOfficePro, a Real Estate Broker-Designed IDX Intranet Solution

November 9, 2009

FRASER, Mich., Nov. 9, 2009 (GLOBE NEWSWIRE) — zipLogix, creator of zipForm(R), the real estate industry’s leading electronic forms software and relay(R) transaction management, today announced the release of their zipOfficePro product. This latest addition to their suite of REALTOR(R)-centric tools for the industry was developed by brokers for brokers as an Internet Data Exchange (IDX) / Multiple Listing Service (MLS) intranet solution to increase agent productivity. Lead generation, office and content management, unlimited agent and company branded flyers for MLS listings, uniform company messaging and branding and a floor book listing tool are just a few of its features.

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Lanesborough REIT completes $7.9 million sale of Saskatoon property

November 5, 2009

Press ReleaseSource: Lanesborough Real Estate Investment Trust WINNIPEG, Nov. 5 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN – News) announced that it has completed the previously announced sale of a

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Andrew Ross Sorkin Met With "Uncharacteristic Disdain" From NYT Colleagues Following Book

October 27, 2009

A week after the release of his book on the Wall Street meltdown, The New York Times’ star mergers-and-acquisitions reporter, Andrew Ross Sorkin, is attracting uncharacteristic disdain from colleagues who claim he’s a glory hog. “He’s self-promotional,” sniped one insider, who described Sorkin as “a very divisive person in the newsroom.”

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Arianna Huffington: Sunday Roundup

October 24, 2009

This week, Obama’s pay czar announced he’d be slashing executive pay at seven of the biggest recipients of bailout billions. So it’s no surprise that many of Wall Street’s Masters of the Universe didn’t turn up at the New York fundraisers President Obama spoke at — choosing instead to attend a party thrown to toast the release of Too Big Too Fail , Andrew Ross Sorkin’s blow-by-blow of the meltdown. There, indulging in cocktails and finger food, were many of the central players, including Jamie Dimon of JP Morgan and John Mack of Morgan Stanley. Which is kind of like Hannibal Lecter showing up for the opening of Silence of the Lambs . Perhaps they take comfort in Sorkin’s assessment that when it comes to reforming Wall Street “the Obama administration seems to have moved on to other priorities.” I need a drink.

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Davidson Realty’s Certified Distressed Property Experts Help Florida Homeowners Facing Foreclosure

October 12, 2009

Northeast Florida’s Davidson Realty, Inc. has a Distressed Properties division and 25 CDPEs on staff to provide solutions for homeowners facing hardships in today?s market. FOR IMMEDIATE RELEASE PRLog (Press Release) ? Oct 12, 2009 ? The

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Eating Fish Doesn’t Stave Off Heart Failure, Dutch Research Study Shows

September 30, 2009

By Albertina Torsoli Sept. 30 (Bloomberg) — Eating fish, shown in previous studies to promote heart health, failed to stave off cardiac failure in a study by Dutch researchers. The analysis, which started in 1990 and involved 5,299 men and women over the age of 55 living in a Rotterdam suburb, found no difference in the risk of developing heart failure between those who ate fish and those who didn’t, according to a press release posted on the AlphaGalileo science Web site. The study will be published today in the European Journal of Heart Failure , the release said. “Scientists and health authorities are increasingly persuaded that the intake of fish, even in small amounts, will protect against the risk of fatal myocardial infarction,” or heart attack, study investigator Marianne Geleinjse, from the Wageningen University in the Netherlands, said in the statement. “However, there is no strong evidence that eating fish will protect against heart failure.” Heart failure isn’t a one-time event like a heart attack. It’s a gradual weakening of the heart’s pumping power, leaving sufferers with poor circulation that leads to shortness of breath, painfully swollen legs and fluids that pool in the lungs. About 30 million people in Europe are affected with heart failure, the single biggest reason for acute hospital admission, according to the release. The researchers set out to investigate whether the fatty acids and vitamins found in fish protected consumers against heart failure the way they seem to do against heart attacks. During the 11.4 years of follow-up, 669 of the people monitored developed heart failure, according the release. Individuals had been asked to indicate the frequency, amount and kind of fish they had eaten, either as a hot meal, a sandwich or between meals. Fish consumption in the Netherlands is very low, on average less than one portion a week, the researchers said. A daily fish consumption of more than 20 grams a day, high for the group studied, led to no added protection against heart failure, the researchers said. “Maybe higher intakes are needed for any protection against heart failure,” Geleinjse said. To contact the reporter on this story: Albertina Torsoli in Paris at atorsoli@bloomberg.net

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Kim Jong Il Agrees to Resume South Korean Family Reunions as Stance Thaws

August 16, 2009

By Shinhye Kang Aug. 17 (Bloomberg) — North Korea said it will ease restrictions on cross-border travel with the South, a sign the communist regime is backing away from the hard line accompanying this year’s nuclear test, missile launches and threats of war. Tourism to a mountain resort on North Korea’s eastern coast will resume “as soon as possible” and meetings between relatives will begin again on Oct. 3, the official Korea Central News agency reported. Visits to the border city of Gaeseong will start again and the government pledged to “energize” operations of a nearby industrial complex, KCNA said. “The content of the release surpasses expectations,” said Paik Hak Soon, a North Korea expert at Sejong Institute outside Seoul. “It seems North Korea is seriously expressing its willingness to improve relations.” The softer stance follows on a pair of diplomatic successes with the North that began with U.S. President Bill Clinton securing the release of two detained American journalists on Aug. 5. North Korea then freed a South Korean worker it had detained for more than four months after Hyundai Group Chairwoman Hyun Jeong Eun traveled to the communist nation. Hyun extended her trip to meet with North Korean leader Kim Jong Il yesterday. North Korea had restricted border crossings and access to the complex for South Koreans in December in protest over what it called the hostile policies of South Korean President Lee Myung Bak . North Korea, which tested a second nuclear weapon in May, has threatened to nullify all agreements with South Korea, and said in May it will no longer abide by the 1953 armistice that ended the three-year Korean War. The reclusive state also vowed to never again participate in negotiations with the U.S., China, Japan, South Korea and Russia to dismantle its nuclear weapons program. To contact the reporter on this story: Shinhye Kang in Seoul at skang24@bloomberg.net

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Video: Successful Clintons’ Trip

August 7, 2009

Bill Clinton’s successful North Korean trip for the release of the two journalists while Secretary of State Hillary Clinton to Africa on a big emphasis on economic and commerce. (Political Capital)

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Reporters Arrive Home, Credit Clinton With Ending North Korean `Nightmare’

August 5, 2009

By Daniel Taub Aug. 5 (Bloomberg) — Two U.S. journalists who had been imprisoned in North Korea since March arrived in California today accompanied by former President Bill Clinton .

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Snowdon Partners Acquires Land in Two Phoenix Area Subdivisions

July 24, 2009

Acquisition is part of strategy to acquire distressed land and building in growth markets News Release HousingZone PHOENIX, July 22 — Snowdon Partners, a private equity real estate investor and its joint venture partner Encanta Homes have acquired

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