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Source: Earthtimes (press release) (Original Article)

OLDWICK, N.J. – (Business Wire) A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Hyundai Marine & Fire Insurance Co., Ltd. (HMFI) (South Korea). The outlook for both ratings is stable. The ratings reflect the company’s favorable operating performance and capitalization. Over the past five years, HMFI has maintained its operating ratio of 95%. In fiscal year 2008, the company’s overall combined ratio stood at 102.9%, which is a 2.5 percentage point deterioration compared to the previous year. This is due mainly to the increase of the upfront commission payment to general agents to support the rapid growth in long-term insurance. The expense ratio rose to 27.2% in fiscal year 2008, from 22.3% in fiscal year 2007. The expense ratio is expected to stabilize as the sales growth from general agents slows down and the in-force business grows. The loss ratio stood at 75.8%, which is a two percentage point improvement year on year. HMFI’s average investment income ratio over the past five years was 8.2%. With the fixed income oriented investment strategy, the company has maintained stable and favorable investment income. More than 80% of the company’s investment assets are allocated in fixed income assets as at the end of March 2009. In fiscal year 2008, HMFI’s local solvency margin ratio improved by 25 percentage points year on year to 190.8%, mainly due to the continuous accumulation of retained earnings and unrealized gains from real estate asset revaluation. At fiscal year-end 2008, the company reported KRW 1,154 billion of adjusted capital and surplus, which includes catastrophe reserves. Based on HMFI’s three-year business plan, its capitalization as measured by Best’s Capital Adequacy Ratio and the local solvency margin ratio is expected to improve gradually. As at the end of fiscal year 2011, the company’s local solvency margin …continue reading

Source: PR-Inside.com (Pressemitteilung) (Original Article)

London, November , 26, 2009 26 November 2009

NB Private Equity Partners Limited

Results of Placing and Offer for Subscription of ZDP Shares

The Board of NB Private Equity Partners Limited (the “Company” or
“NBPE”) is pleased to announce that pursuant to a placing and offer
for subscription (the “ZDP Placing and Offer”), the Company has today
raised £30 million (US$ 50 million) through the issue of zero
dividend preference shares (“ZDP Shares”). This represents an
Initial Cover for the ZDP Shares at Admission of 5.86x.

The Directors believe that the issue of the new class of ZDP Shares
will be beneficial for the Company for a number of reasons.

* The Company’s capital position is currently strong with excess
capital resources over unfunded commitments of US$52.0 million at
31 October 2009 and US$102 million after taking into account the
proceeds from the ZDP Placing and Offer.

* An issue of ZDP Shares will further enhance the Company’s capital
position and would provide additional resources to enable the
Investment Manager to take advantage of current market
opportunities without affecting the Company’s conservative
capital structure and commitment coverage.

* The Directors believe that a number of potentially attractive
investment opportunities, including secondary and distressed
investments, are accessible in the current market environment and
that opportunities for attractive investments will continue to be
available over the next two years.

* The Directors believe that the Company’s existing private equity
Investment Portfolio is well-positioned to generate attractive
returns over the long term and that the ZDP Issue is expected to
be accretive to Class A Shareholders over the long term.

Application has been made for the new ZDP Shares to be admitted to
trading on the Specialist Fund Market of the London Stock Exchange
plc. Application has also been made for the new ZDP Shares to be
listed and admitted to trading …continue reading

Source: BusinessWeek (Original Article)

By
Alistair Dawber

About a year ago, observers of the UK commercial property market would not have been shocked to see the Four Horsemen of the Apocalypse riding around the corner.

The banks would not (and, indeed, could not) lend, companies were not looking for office space, particularly in London, and firms that would consider signing new leases were only looking for short-term agreements, on smaller offices. Those that can recall the demise of Woolworths can guess what retailers thought of taking on more space.

The property market slump had long been signalled. Two years ago, the Royal Institute of Chartered Surveyors (Rics) fired a shot across the bows of the industry, warning that demand for buying and letting commercial property had fallen to a four-year low, stoking fears that the sector was heading for a depression not seen since the early 1990s.

The collapse of Lehman Brothers last September, and the demise of banks such as RBS (RBS), made matters worse, with hundreds of millions of pounds wiped off the value of real-estate investment trusts, or Reits.

Companies including British Land (BLND.L), Land Securities (LAND.L) and Hammerson (HMSO.L) have spent much of the last year writing down property valuations and pulling the sales of assets as potential buyers decided to put deals on ice, hoping to judge the bottom of the market. It appears that those buyers still waiting have now missed out. Little more than a year after many in the industry were calling Armageddon, the picture could not be more different.

Flows into unlisted UK property funds hit £704m in the third quarter, the largest quarterly amount in two years, data from the Association of Real Estate Funds showed earlier this month, while the respected Investment Property Databank’s monthly index of commercial property values rose for a third straight month in October. The jump of 1.9 per cent came after the travel advice index grew 1.1 per cent in September. …continue reading

Source: Chicago Daily Herald (Original Article)

The village of Schaumburg will consider imposing a property tax.

For decades, the village has funded services like police protection, snow plowing and roadwork almost exclusively through sales taxes from its large retail base, anchored by Woodfield Shopping Center.

But those receipts have taken a huge hit in the current economic downturn. So at a village board meeting tonight, Nov. 17, the staff will propose that the village levy a property tax this year.

Tonight’s committee of the whole meeting, in which the proposal will be discussed, begins at 7:30 p.m. at village hall, 101 Schaumburg Court.

Officials said sales tax receipts alone – which along with the food and beverage and telecommunications taxes make up nearly three-quarters of village revenues – have fallen by $7 million in the past five years.

The village’s general fund cash reserves have dropped to about $9 million today from $25 million in 2006. Officials say at that rate, the village will run out of cash sometime in 2010 or 2011.

According to a memo online from Village Manager Ken Fritz, the village is also proposing the elimination of vehicle sticker and garbage hauling fees in 2011. And it would eliminate 25 village jobs that are currently open. That’s in addition to the 98 full-time and 38 part-time jobs that have already been eliminated through attrition in recent years.

Historically, Schaumburg residents and property owners pay real estate taxes to school, library and park districts and other taxing bodies, but have not had to pay property taxes to the village.

The village is among a few municipalities in the Chicago suburbs that do not impose property taxes, including Gurnee, Bloomingdale, Prospect Heights and Deer Park.

Check back for further details as they become available.

Source: SYS-CON Media (press release) (Original Article)

To generate additional quality leads to its customers, The
Real Estate Book , the leading publisher of real estate
information online and in print in North America, is offering
advertisers the option to create online promotional campaigns, at the
simple click of a button. Accessible through The Real Estate Book’s
advertising management system, the One-Click Advertising© technology by
iPromote allows customers to instantly create rich-media display ads to
run prominently across a network of hundreds of premium Web destinations.

“We’re always looking for ways to boost value for our customers by
increasing the quality leads that we deliver to them,” says Scott Dixon,
Network Communications, Inc.’s president of the real estate division.
“We’re excited to be able to offer them the ability to augment their
online exposure with ad campaigns they create easily and instantly – and
give today’s home buyer the photos and video they seek when shopping for
a new home.”

Once logged onto The Real Estate Book’s advertising management
system, AMS 2.0, customers can create their own display ads by clicking
on the iPromote link, and following the simple steps of building custom
advertisements. They can promote any URL they wish – their personal web
site, company web site, Facebook fan page, or their personal profile or
listings on RealEstateBook.com.
iPromote technology scans their Web pages for content such as images,
text, audio, or video and intuitively creates professional-quality,
rich-media advertising packages with five different ad sizes, in a
matter of seconds.

Advertisers have complete control over where to market their listings.
They can promote their listings locally, nationally or even
internationally with point-and-click ease. Real-time maps and graphs
show exactly how well their ads perform in different areas.

Ads budget flights news are displayed on the iPromote ad network …continue reading

Source: Reuters (Original Article)

LONDON, Nov 13 (Reuters) – European property investor Heron
International on Friday launched its new London West End office
and retail project, The Peak, a sign of rising developer
confidence in the UK’s recovering commercial property market.
Heron, which is partnering AXA Real Estate Investment
Managers and the Co-operative Insurance Society in the 98,000
square feet project, said the building’s ground floor and
basement have been pre-let to HBOS plc, part of Lloyds Banking
Group (LLOY.L), as a new financial services outlet for Halifax.

The development of commercial properties in the UK ground to
a halt as the global financial crisis took hold, denting
confidence and lifting the cost of borrowing. In the two years
to August, UK commercial property values plunged 45 percent.

Earlier this month, shopping mall owner Hammerson (HMSO.L)
and London property developer and investor Great Portland
Estates (GPOR.L) said they were continuing to advance their
development pipelines, Hammerson planning a return to the
construction site in 2010. [ID:nLR375982] [ID:nLB476419]
(Reporting by Daryl Loo; Editing by Andrew Macdonald)
(See www.reutersrealestate.com for Learn Java and related tech news the global service for real
estate professionals from Reuters)

Source: Earthtimes (press release) (Original Article)

CLOVIS, CA — 11/09/09 —
The real estate market may have taken a tumble,
but real estate rehabbing is booming, says ZINC Financial, LLC, a leading
rehab loans lender for
investors in California, Arizona and Nevada. The company is currently
experiencing an influx of investors applying for hard money rehab loans, and is
gearing up for an explosion of loans in 2010.

“Investing in real estate has always been a reliable path to accumulating
wealth, but conventional lenders do not work well financing rehab projects
because of time constraints and the condition of the underlying
collateral,” said a ZINC Financial representative. “Investors are left with
the only real option of private equity investor rehab loans from a lender
like ZINC. As a result, sources of private money such as ourselves remain
extremely busy throughout 2009 and 2010.”

Real estate investors and mortgage brokers interested in securing capital
for purchase, rehab and resell of distressed properties can all apply for
the ZINC “Investor Rehab Program,” which provides investors with an easy
submission process, fast underwriting and quick closings, and is designed
for investors with special circumstances and special needs. With ZINC,
investors can receive rehab home
loans to fund their investment opportunity in as little as 7 days.

“Now more than ever is the perfect time for investors to get started and
achieve their financial dreams. With ZINC investor rehab loans, average
investors can leverage their capital to take advantage of all the
distressed properties flooding the market in 2010,” said the ZINC Financial
representative.

Without question, real estate rehabbing can be rewarding and financially
lucrative, and ZINC Financial, LLC makes it easy by working with investors
on every project to insure success for both the investor and ZINC. Their
common sense underwriting provides investors with the confidence and
security of knowing the status of their cheap travel news loan in real time.

For additional information …continue reading

Source: PR-USA.net (press release) (Original Article)

All Eyes Should Continue on Biscayne Boulevard as a New, State-of-the-Art Office and Retail Center i

Real Estate Breaking News……..

All eyes should continue on Biscayne Boulevard as a new, state-of-the-art Office and Retail center is underway.

Bay Point Center, located at 3915 Biscayne Boulevard, features a completely renovated four-story commercial building in the heart of Miami within walking distance of the Design District. The building’s design merges the charm of ‘Miami Art Deco’ with the clean elegance of modern, contemporary interiors.

Bay Point Center will feature restaurants and retail on the ground floor and offices on the upper floors. Leased space is from 900 square feet up to 43,970 square feet.

At the cutting edge of leasing is Design District’s Chariff Realty who recently acquired the listing in Fall, 2009. “Lyle Chariff is a renowned broker in the area,” says Fransisco Silva with G&L Real Estate Development, Bay Point Center co-developer. “We are confident that due to his expertise in the Design District and Biscayne Boulevard, he will perform the job and lease the property to quality businesses.”

While many developers are in a “holding” real estate pattern, G&L Real Estate Development is not. They are moving full speed ahead with the design and renovation. Original development plans were submitted to the City of Miami in March, 09, later facilitating building permits in November. Together with co-developer Lauris Boulanger, an established South Florida Builder and Developer, they are confident that due to its proximity to the Design District, downtown, and major expressways, Bay Point Center will offer quality space at a more reasonable price than the Brickell area.

Bay Point cheap flights tips Center will keep its original pedestrian-friendly concept …continue reading

http://meria.net/2009/meria-with-the-news/meria-with-the-news-334/
… Chicago real estate taxes rise 9% but 1% for Obama; new virus affects 40000 in Ukraine – not H1N1; 9/11 passports found in Afghan border?; KimJong-il’s doubles; ethics report leaked; Kerik in jail; people turn to one car families; Obama allows HIV … Gov Patterson declares state of emergency; most parents reject swine flu shot for kids;6 researchers poisoned at Harvard; more bailouts for GMAC; public option a joke; 17000 kids (low estimate) die for lack of insurance; …

http://www.totalbankruptcy.com/blog/consumer-financial-protection-agency-moves-forward-in-house/
While it’s unfortunate that a massive collapse of the real estate industry and stock market was required to incite lawmakers to bolster consumer protections, it’s good that they’re taking action now. …

http://www.redfin.com/NY/Croton-On-Hudson/76-Morningside-Dr-10520/home/21486848
Listing courtesy of: River Towns Realty/GMAC R.E.. Phone: 914-271-3300 …. The data relating to real estate for sale or lease on this web site comes in part from WPMLS. Real estate listings held by brokerage firms other than Redfin are marked with the WPMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Westchester-Putnam Multiple Listing Service, …

http://buzzaboutsacramento.blogspot.com/2009/11/considering-loan-modification.html
In 2004, we joined forces with GMAC Real Estate to bring expanded services to Sacramento, Placer and El Dorado Counties. We offer our clients a Full Premier Service experience by providing service and accountability throughout the …