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Video: Loopt’s Altman Says Groupon Partnership Looks Promising

by on May 28, 2011

May 27 (Bloomberg) — Sam Altman, chief executive officer of Loopt Inc., talks about the company’s agreement with Groupon Inc. Groupon, the largest provider of online daily deal coupons, plans to alert customers to nearby discounts using location data from Loopt’s mobile-phone application. Altman speaks with Emily Chang on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)

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Video: Loopt’s Altman Says Groupon Partnership Looks Promising

Video: Smith Expects Period of Volatility in LinkedIn Stock

by on May 20, 2011

May 20 (Bloomberg) — Kathleen Shelton Smith, principal at Renaissance Capital LLC, discusses the outlook for LinkedIn Corp. stock. Shares of LinkedIn, the largest professional-networking website, more than doubled on its first trading day. Smith speaks with Betty Liu and Dominic Chu on Bloomberg Television’s “In The Loop.” (Source: Bloomberg)

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Video: Smith Expects Period of Volatility in LinkedIn Stock

Video: Miller Says Mortgage Issues to Remain a `Drag’ on BofA

April 15, 2011

April 15 (Bloomberg) — Paul Miller, head of financial-services research at FBR Capital Markets, talks about Bank of America Corp.’s $2.05 billion first-quarter profit reported today and growth outlook. Bank of America, the largest U.S. lender by assets, reported its first profit in three quarters and settled more claims tied to faulty mortgages. Miller speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)

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Duke/CBRE Realty Trust JV Completes $516M Portfolio Acquisition

April 12, 2011

A partnership between Duke Realty Corp. and CB Richard Ellis Realty Trust finalized the purchase of 13 office buildings totaling 2.05 million square feet for approximately $342.8 million. The deal, which is the largest transaction in the REIT’s history, concluded a three-phase acquisition involving 20 office properties consisting of 3 million square feet valued at $516 million. Wells Fargo Bank NA provided a $275 million unsecured term loan to…

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Duke/CBRE Trust JV Completes $516M Portfolio Acquisition

April 12, 2011

A partnership between Duke Realty Corp. and CB Richard Ellis Realty Trust finalized the purchase of 13 office buildings totaling 2.05 million square feet for approximately $342.8 million. The deal, which is the largest transaction in the REIT’s history, concluded a three-phase acquisition involving 20 office properties consisting of 3 million square feet valued at $516 million. Wells Fargo Bank NA provided a $275 million unsecured term loan to…

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Duke/CBRE Trust JV Completes $516M Portfolio Acquisition

April 12, 2011

A partnership between Duke Realty Corp. and CB Richard Ellis Realty Trust finalized the purchase of 13 office buildings totaling 2.05 million square feet for approximately $342.8 million. The deal, which is the largest transaction in the REIT’s history, concluded a three-phase acquisition involving 20 office properties consisting of 3 million square feet valued at $516 million. Wells Fargo Bank NA provided a $275 million unsecured term loan to…

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Construction Begins on $700M CityCenterDC Development

April 6, 2011

Hines-Archstone officially broke ground on the CityCenterDC project at the site of the former convention center in downtown Washington, D.C. The project is believed to be the largest downtown development currently under construction in the U.S. The developers also announced that Qatari Diar Real Estate Investment Co. (Qatari Diar), the real estate investment arm of the Qatari Investment Authority, is providing 100% equity financing on the massive…

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Fed Accepted Nearly $1 Billion In Defaulted Debt From Banks As Collateral During Crisis

March 31, 2011

The Federal Reserve accepted more defaulted debt than U.S. Treasuries as collateral to back $155.7 billion on the largest day of borrowing from the Primary Dealer Credit Facility, according to documents released today.

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Potential Sale of Grubb & Ellis Dramatizes Ongoing Shift in CRE Brokerage Landscape

March 24, 2011

The trend among the business services sector, including those providing commercial real estate services to other businesses, appears to be get bigger and go global, or go small and specialize by serving a specific niche or providing high-touch service. With the largest CRE companies increasingly on the hunt for external growth opportunities and mid-market firms under rising competitive pressure to sell or merge in order to maximize their service…

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Video: Study Shows Too-Big-To-Fail U.S. Banks Grew After Crisis

March 18, 2011

March 18 (Bloomberg) — The largest U.S. banks have grown larger since the financial crisis, and the number of “too-big-to-fail” banks will increase by 40 percent over the next 15 years, according to data compiled by Bloomberg. The Dodd-Frank law would prohibit the largest banks from merging with one another. The law would not prevent the largest banks from growing in other ways, according to the Bloomberg Government Study, “Too-Big-to-Fail Banks Get Bigger After Dodd-Frank.” Bloomberg’s Lizzie O’Leary reports. (Source: Bloomberg)

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Video: Study Shows Too-Big-To-Fail U.S. Banks Grew After Crisis

March 18, 2011

March 18 (Bloomberg) — The largest U.S. banks have grown larger since the financial crisis, and the number of “too-big-to-fail” banks will increase by 40 percent over the next 15 years, according to data compiled by Bloomberg. The Dodd-Frank law would prohibit the largest banks from merging with one another. The law would not prevent the largest banks from growing in other ways, according to the Bloomberg Government Study, “Too-Big-to-Fail Banks Get Bigger After Dodd-Frank.” Bloomberg’s Lizzie O’Leary reports. (Source: Bloomberg)

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Investment-Grade Properties See Largest Year-Over-Year Gain Since 2006

March 10, 2011

CoStar’s index tracking repeat sales of investment-grade commercial properties jumped 10.6% in January over the same period last year, the largest year-over-year gain since the height of the real estate boom in 2006. The increase in the index for higher-quality properties hit a five-year high for January despite dipping slightly from December, a reflection of how hard the index fell a year ago and how strongly it has recovered within 12 months…

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Grubb & Ellis Restructures Troubled TIC Unit; Hires FBR Capital Markets To Identify Capital Sources

February 17, 2011

Grubb & Ellis Co. has created Daymark Realty Advisors Inc., a wholly owned and separately managed subsidiary that will now be responsible for managing the company’s entire tenant-in-common (TIC) portfolio and provide specialized management services to the owners of the tenant-in-common properties. As a result of the restructuring, Daymark Realty Advisors becomes one of the largest real estate asset management companies in the country, serving more…

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Grubb & Ellis Restructures Troubled TIC Unit; Hires FBR Capital Markets To Identify Capital Sources

February 17, 2011

Grubb & Ellis Co. has created Daymark Realty Advisors Inc., a wholly owned and separately managed subsidiary that will now be responsible for managing the company’s entire tenant-in-common (TIC) portfolio and provide specialized management services to the owners of the tenant-in-common properties. As a result of the restructuring, Daymark Realty Advisors becomes one of the largest real estate asset management companies in the country, serving more…

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Video: Verizon Shows Phones, Tablets for Faster, 4G Network

January 7, 2011

Jan. 7 (Bloomberg) — Verizon Wireless, the largest U.S. mobile-phone carrier, unveiled 10 devices for its faster, fourth-generation network at the Consumer Electronics Show in Las Vegas, as wireless operators compete to introduce products that will attract and retain customers. Bloomberg’s Cris Valerio reports on the devices and Verizon Wireless Chief Executive Officer Daniel Mead’s remarks about the company’s outlook and Google Inc.’s Android operating system. (Source: Bloomberg)

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2010: A Year of Strategic Change and Growth For Commercial Brokerage Firms

January 6, 2011

Most commercial real estate brokerage and property services firms benefitted from a welcome increase in sales and leasing transaction activity in 2010 — and all indications are, that trend will continue in the New Year as the economy and demand continue to recover. The past year was also marked by a number of major consolidations and expansions among brokerage firms, and industry observers expect consolidation and growth by the largest players…

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Updated: Google Closes Acquisition of One of NYC’s Largest Buildings for $1.8B

December 27, 2010

Google has completed its purchase of 111 Eighth Avenue, a 15-story brick building of nearly 3 million square feet in the Chelsea submarket of Manhattan, in a deal valued at about $1.8 billion. It’s the largest single-asset commercial real estate deal of 2010. Google had signed a contract to buy the building, a source close to the deal confirmed for CoStar early this month. It’s the largest single-asset commercial real estate deal of 2010. The…

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Shane Co. Announces Successful Emergence From Chapter 11 Reorganization

December 22, 2010

CENTENNIAL, CO–(Marketwire – December 21, 2010) – Shane Co ., the largest privately-held jeweler in the United States, today announced that the company has successfully completed its financial restructuring and has emerged from Chapter 11 reorganization.

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Downtown Miami Office Tower Trades for $105.5M

December 21, 2010

In a boost for the beleaguered Miami and South Florida economy and investment sale market, the 600,959-square-foot Miami Tower office building has traded for $105.5 million, or $175.55 per square foot. It’s the largest commercial real estate office sale of the year in Miami. I&G Miami, Inc. acquired the Class A downtown landmark at 100 SE 2nd St. from owner Blue Capital US East Coast Properties, L.P. in a deal that closed Friday. The iconic 47…

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Iconic Downtown Miami Office Tower Trades for $105.5M

December 21, 2010

In a boost for the beleaguered Miami and South Florida economy and investment sale market, the 600,959-square-foot Miami Tower office building has traded for $105.5 million, or $175.55 per square foot. It’s the largest commercial real estate office sale of the year in Miami. I&G Miami, Inc. acquired the Class A downtown landmark at 100 SE 2nd St. from owner Blue Capital US East Coast Properties, L.P. in a deal that closed Friday. The iconic 47…

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KBS REIT Acquires Granite Tower in Denver

December 20, 2010

KBS Real Estate Investment Trust II has acquired Granite Tower, a 31-story office tower in Denver’s Central Business District, for $149 million, or $265 per square foot. The acquisition of the 561,691-square-foot Class A tower on 18th Street between Arapahoe and Curtis streets is one of the state’s largest commercial real estate deals of the year. Granite Tower, one of the largest buildings for sale in Denver this year, is at the gateway to the…

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HCP to Acquire Assets of HCR ManorCare In $6.1B Sale-Leaseback

December 14, 2010

In one of the largest commercial real estate transactions of the last several years, HCP Inc. (NYSE: HCP), the nation’s largest health-care REIT, said it will buy all the real estate assets of privately owned HCR ManorCare for $6.1 billion, including…

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Bank Of America Lifts Foreclosure Freeze

December 10, 2010

Bank of America lifted its national foreclosure freeze this week and began taking back some 16,000 properties, starting with homes that were either vacant or did not have owners living in them. The bank, which is the largest financial institution in the U.S., declared a national freeze on foreclosure sales in October, after it acknowledged it had employed people who legally attested to the accuracy of foreclosure documents without reading them.

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Conforce International Announces Appointment of New Board Member

December 10, 2010

TORONTO–(Marketwire – December 10, 2010) – Conforce International, Inc. (“Conforce” or “Company”) ( OTCBB : CFRI ) is pleased to announce the appointment of Pieter Jacob Eekel to the Board of Directors. Mr. Eekel has over 40 years experience in the shipping container industry and most recently held the position of Senior Technical Manager for Maersk Line, the largest shipping line in the world.

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First Wrecking Ball Drops on S.F.’s Transbay Terminal

December 7, 2010

Crews making way for the $4 billion Transbay Transit Center development, one of the largest public/private projects in the U.S., have started demolition of the old terminal in downtown San Francisco. Transbay Joint Powers Authority (TJPA) demolition…

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Google Acquires One of NYC’s Largest Buildings for $1.8B

December 6, 2010

Google has signed a contract to buy 111 Eighth Avenue, a 15-story brick building of nearly 3 million square feet in the Chelsea submarket of Manhattan, for more than $1.8 billion, a source close to the deal confirmed for CoStar. It’s the largest single…

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Google Acquires One of NYC’s Largest Buildings for $1.8B

December 6, 2010

Google has signed a contract to buy 111 Eighth Avenue, a 15-story brick building of nearly 3 million square feet in the Chelsea submarket of Manhattan, for more than $1.8 billion, a source close to the deal confirmed for CoStar. It’s the largest single…

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Video: Qwest’s Euteneuer Says Industry Consolidation Was Needed

November 19, 2010

Nov. 18 (Bloomberg) — Qwest Communications International Inc. Chief Financial Officer Joe Euteneuer talks about the company’s financial results, business strategy, and the acquisition by CenturyLink Inc. Qwest, which is preparing to be wrapped into CenturyLink to create one of the largest U.S. home-phone companies, said on Nov. 3 it posted third-quarter profit that beat analysts’ estimates after adding more subscribers to its Internet service. Euteneuer speaks with Carol Massar on Bloomberg Television. Bloomberg’s Julie Hyman also speaks. (Source: Bloomberg)

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Video: Qwest’s Euteneuer Says Industry Consolidation Was Needed

November 19, 2010

Nov. 18 (Bloomberg) — Qwest Communications International Inc. Chief Financial Officer Joe Euteneuer talks about the company’s financial results, business strategy, and the acquisition by CenturyLink Inc. Qwest, which is preparing to be wrapped into CenturyLink to create one of the largest U.S. home-phone companies, said on Nov. 3 it posted third-quarter profit that beat analysts’ estimates after adding more subscribers to its Internet service. Euteneuer speaks with Carol Massar on Bloomberg Television. Bloomberg’s Julie Hyman also speaks. (Source: Bloomberg)

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Retail Watch: Lack’s Lacks Cash, Closing Down Its 36 Stores

November 18, 2010

Lack’s Stores Inc., one of the largest independently owned retail furniture chains in the U.S. with 36 stores, is closing up shop. The Victoria, TX-based retailer filed for Chapter 11 bankruptcy reorganization but in its filing said has not been able…

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Video: Yahoo Calls Blog Claim of 20% Job Cuts ‘Inaccurate’

November 12, 2010

Nov. 11 (Bloomberg) — Yahoo! Inc., the largest U.S. Web portal, said a report that the company will cut 20 percent of its staff isn’t accurate. The technology blog TechCrunch reported that Yahoo is preparing to lay off 20 percent of its total staff, citing two unnamed sources. Bloomberg’s Emily Chang reports. (Source: Bloomberg)

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Major Publicly Traded CRE Brokerages Post Increased Revenue, Earnings On Rising Deal Velocity

November 4, 2010

Increasing property sales and leasing activity propelled three of the largest global commercial real estate services firms to higher revenues and profits in the third quarter. CB Richard Ellis Group Inc. (NYSE: CBG) reported third-quarter net income…

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Lease Down: Nation’s Foreclosure Mess Takes Toll on Process Servers

October 20, 2010

DJSP Enterprises Inc., one of the largest provider of processing services for the mortgage and real estate industries in Florida and one of the largest in the United States, instituted staff reductions as a result of reduced file volumes. DJSP has…

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Video: Sorrentino Says Banks Need Access to Foreclosed Assets: Video

October 11, 2010

Oct. 11 (Bloomberg) — Frank Sorrentino, chairman and chief executive officer at North Jersey Community Bank, talks about the possible impact of a halt in home foreclosures at the largest U.S. mortgage firms on the housing market. Sorrentino talks with Matt Miller and Carol Massar on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

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Video: Foreclosure Freeze May Sideline U.S. Homebuyers: Video

October 11, 2010

Oct. 11 (Bloomberg) — A halt in home foreclosures at the largest U.S. mortgage firms may sideline buyers worried about legal issues, further depressing sales at a time when distressed properties account for almost a quarter of all transactions. Bloomberg’s Monica Bertran reports. (Source: Bloomberg)

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JP Morgan Sells Crystal City Office Bldgs. for $242M

October 7, 2010

In one of the largest office deals in the Washington, DC, area this year, JP Morgan Strategic Properties Fund sold a 621,824-square-foot, two-building office complex known as One and Two Potomac Yard in the Crystal City area of Arlington, VA, to a fund…

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Video: Weiner Says LinkendIn’s Top Growth in `Hiring Solutions’: Video

October 4, 2010

Oct. 4 (Bloomberg) — Jeff Weiner, chief executive officer of LinkedIn Corp., talks about growth strategy and the contrast between the largest networking site for online professionals and other social media companies. Weiner speaks with Betty Liu and Cory Johnson on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

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Video: Bloomberg’s Stein Says Financial Crisis Aided Vanguard: Video

September 29, 2010

Sept. 29 (Bloomberg) — Bloomberg’s Charles Stein talks to Mark Crumpton and Julie Hyman about the shift by investors into index funds that helped Vanguard Group Inc. snatch the No. 1 ranking as the largest U.S. mutual-fund company by assets from Fidelity Investments. (Source: Bloomberg)

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Video: Bank of America May Cut More Than 20 Prop Trading Jobs: Video

September 29, 2010

Sept. 29 (Bloomberg) — Bank of America Corp., the largest U.S. bank, is eliminating between 20 and 30 proprietary trading jobs to comply with Volcker rule limits on banks trading their own capital, according to a person briefed on the decision. Bloomberg’s Christine Harper reports. (Source: Bloomberg)

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Video: Spears Says Southwest-AirTran Deal Will Be Approved: Video

September 27, 2010

Sept. 27 (Bloomberg) — Mit Spears, partner at the law firm Ropes & Gray and former general counsel at the Federal Trade Commission, talks with Bloomberg’s Melissa Long about Southwest Airlines Co.’s agreement to buy AirTran Holdings Inc. for about $1.4 billion in cash and stock. Southwest’s acquisition of AirTran would be the largest in its 39-year history and give the carrier access to Atlanta, the world’s busiest airport. (Source: Bloomberg)

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Video: Weiss Doubts BP Would End Operations in Gulf of Mexico: Video

September 20, 2010

Sept. 20 (Bloomberg) — Philip Weiss, an analyst at Argus Research, talks about investing in BP Plc and the prospects for the company’s operations in the Gulf of Mexico. U.S. officials said BP killed its Macondo well in the Gulf of Mexico after creating another cement seal, plugging the source of the largest offshore oil spill in U.S. history. Weiss speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

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World’s largest lagoon to be built in Egypt

September 19, 2010

19 Sep 2010 The creator of the world’s largest crystalline lagoon in Sharm El Sheikh, Egypt, will showcase the project at Cityscape Global in Dubai. At present, the largest crystal lagoon in the wor…

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Lan And Tam In Merger Talks

September 9, 2010

The potential merger could create the largest airline in South America

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George Soros Human Rights Watch Donation: $100 Million

September 7, 2010

George Soros, the billionaire investor and philanthropist, plans to announce on Tuesday that he is giving $100 million to Human Rights Watch to expand the organization’s work globally. It is the largest gift he has made, the largest gift by far that Human Rights Watch has ever received, and only the second gift of $100 million or more made by an individual this year, according to the Center on Philanthropy at Indiana University. “We’re seeing noticeably fewer charitable gifts at the $100 million level from individuals reported than we did just a few years ago,” said Patrick Rooney, the center’s executive director. “Between 2006 and 2008, an average of about 13 gifts a year of that size by individuals was reported. In 2009, it dropped to six, and this year, we know of only one other.”

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Larry Kranking Named CEO of Coldstream Laboratories Inc.

August 23, 2010

LEXINGTON, KY–(Marketwire – August 23, 2010) –  Larry Kranking has been named the new President and CEO of Coldstream Laboratories Inc. (CLI), the largest sterile pharmaceutical manufacturing facility in Kentucky.

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Video: Pulte’s Dugas Discusses Outlook for U.S. Housing Market: Video

August 20, 2010

Aug. 20 (Bloomberg) — Richard Dugas, chief executive officer of PulteGroup Inc., discusses the outlook for the U.S. housing market. PulteGroup is the largest U.S. homebuilder by revenue. Dugas speaks on Bloomberg Television’s “In the Loop With Betty Liu.” (This is an excerpt of the full interview. Source: Bloomberg)

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