| People on the Move: Ballard, Eisendrath join Grubb & Ellis/BRE ...
San Diego-based Grubb & Ellis/BRE Commercial announced that former Burnham Real Estate professionals Bill Ballard and Scot Eisendrath have joined the company as members of its Capital Markets Group.With more than 30 years combined experience, Ballard and Eisendrath will provide a full range of financial and analytical advisory services to real estate investors, developers, landlords, users and lenders associated with all major product segments including industrial, office, retail, multi-housing, hospitality and land. Chuck Todd joins Sudberry Properties .
NNN Realty Advisors Stockholders Approve Merger
SANTA ANA, Calif., Dec. 6 /PRNewswire/ -- NNN Realty Advisors, Inc. stockholders, who met earlier today in a special meeting in Costa Mesa, California, have voted to approve and adopt the previously announced agreement to merge with Grubb & Ellis Company (NYSE: GBE) . Approximately 97.2 percent of the votes cast were in favor of the transaction, which represents approximately 79.2 percent of the shares of NNN Realty Advisors common stock outstanding. Upon completion of the proposed merger, NNN Realty Advisors stockholders will receive 0.88 shares of Grubb & Ellis common stock for each share of NNN Realty Advisors common stock outstanding. The merger agreement was first announced on May 22, 2007. NNN Realty Advisors, Inc. NNN Realty Advisors is a nationwide commercial real estate asset management and services firm that sponsors real estate investment programs to provide investors with the opportunity to engage in tax-deferred exchanges of real property and to invest in other real estate investment vehicles, including public non-traded real estate investment trusts and real estate investment funds.
Old Media and This Week's Markets: Who Knows They're Up -- Quite a Bit ...
The tone of this week's reporting on the US stock markets would lead you to believe that even though Wednesday and Thursday were pretty good days, the markets are down for the week. That's completely wrong. The Dow is up 279 points (2.3%): How about the broader S&P 500? It's up almost 27 points (or 2.0%): The NASDAQ, weighed down not by actual results, but by gloomy expectations from the likes of Apple and Ebay, is only up by a bit less than 21 points (0.9%): A quick review of business press coverage shows why most people probably don't know that the markets are, heading into Friday's opening, up for the week. It's because there may not be anyone who's actually reporting that fact. Examples: It's not here at the New York Times (Jan.
Tully's Coffee weighing options on IPO filing
Tom O'Keefe, founder and chairman of Tully's Coffee, said the company is weighing whether to update its securities filing for a public offering. The filing was made in April, but Tully's indefinitely postponed the offering in August because of stock-market turmoil. It might cost less to allow the filing to expire and refile again later, O'Keefe said, after speaking Tuesday at a conference at the Washington Athletic Club presented by Staples and the Greater Seattle Chamber of Commerce. Washington Mutual Optimistic update gives shares a lift Washington Mutual said Tuesday that higher-than-expected net interest income in 2008, along with its exit from subprime loans and a renewed focus on bank-branch customers, will help carry the thrift through what promises to be a difficult year.
How to Beat Fraud and Still Make Money Doing Business in Brazil
According to a survey from Unisys in 2005, and reported in IT Digest and other publications, Brazil was ranked third in the number of banking identity theft frauds. The study sampled bank fraud in Mexico, Australia, USA, France, England, Hong Kong, Germany and Brazil. This dilemma has received enough attention that Brazilian banks have begun to implement stricter security policies in response to previous problems. The tax and currency fraud issues stem from discrepancies in how products/goods are imported into, or out of, the country. Companies that engage in these fraudulent activities seek to skirt paying Brazilian taxes on these items by falsely lowering the cost of the product on documents provided to the government thus allowing them to pay fewer monies to the authorities than they would otherwise be required.
Auto Industry 1991-2000
It is quite possible that even if the auto industry does not recover its former strength, within a few years it will be equal in strength to the primary sectors of the economy.
HISTORY: 1991-2000
The Russian automotive industry is unique. It produces cheap, obsolete, low-quality products whose export potential is close to zero. Nevertheless, events in the history of its privatization and subsequent redistribution have always made the front pages of newspapers. All because the Soviet-era dream of a private car is still a dream for the majority of our country's residents.
1991
In February, the shareholders of AO KamAZ held their first meeting. Nikolai Bekh, head of the foundry division, was elected president. KamAZ was turned into a corporation in June 1990 by a decision of the government of the USSR: 38% of the shares became the property of the union, 13% became the property of Tatarstan, and the remaining stocks were put up for sale.
Sunrise Mall sold to south state firm
Jennie Bennett, left, and Lucille Fellembaum talk on Tuesday at Sunrise Mall in Citrus Heights, where they go several times a week to exercise and chat with friends. The pair met about eight years ago at the mall, which was built in 1972. Autumn Cruz / acruz@sacbee.com .
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