| Ecumen Joins Commercial Equity Partners to Propose Lifestyle ...
Ecumen, which is Minnesota's largest non-profit senior housing company is joining with Commercial Equity Partners to Propose a Lifestyle Community for Seniors Adjacent to Woodwinds Health Campus in Woodbury, Minnesota. Shoreview, MN (PRWeb) January 25, 2007 -- Ecumen, Minnesota's largest non-profit senior housing company, has joined with Commercial Equity Partners, developer of Woodbury's Tamarack Hills Business Lifestyle Campus™, to propose a new lifestyle community for seniors who want to live in Woodbury.
The proposed development, called Crestwood Creek, would focus on meeting people's desires for lifestyle housing that provides convenience, a strong sense of community, a variety of services, wellness opportunities that energize mind, body and spirit, and easy access to leading medical care.
Foreign Giants Window Shop for Supermarkets
The long-awaited entry of a global retail giant into the Russian market appeared to inch closer as a senior executive for Wal-Mart hinted of an expansion into Russia and reports surfaced that the U.S. firm was planning talks with X5, Russia's biggest food retailer. "So far, we are currently studying the market, but the decision on how to enter it has not yet been made," Wal-Mart vice president Mike Bratcher told a Moscow conference Thursday, Interfax reported. Kommersant reported Jan. 29 that officials from X5 and Wal-Mart were due to hold talks in the United States last week. Wal-Mart could not be reached to confirm these reports. The food retail market, though it accounts for less than 2 percent of GDP, has seen annual growth of more than 25 percent since 2001. At a time when Russian portfolio investors are getting tired of the instability in the country's core oil market, the consumer sector's steady growth has been a welcome source of relief.
Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit ...
BALA CYNWYD, PA -- (MARKET WIRE) -- February 09, 2007 -- Law offices of Brodsky & Smith, LLC announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of New Century Financial Corp. (NYSE: NEW) ("New Century" or the "Company") between May 4, 2006 through February 7, 2007, inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Central District of California. The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market, thereby artificially inflating the price of New Century. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one.
Carl Willgeroth Named COO at Evergreen Realty Group
PASADENA, Calif.--(BUSINESS WIRE)--Carl F. Willgeroth, 58, has been appointed Chief Operating Officer of Evergreen Realty Group, LLC, according to President Luke V. McCarthy. "Carl will take over the No. 2 position in the company to handle all operational matters, leaving me free to pursue acquisitions for our 1031 Exchange programs, our REIT, collegiate living communities and senior housing/assisted living sector," McCarthy said. "For the past 30 years, Carl has headed his own firm or been a chief executive with other partners in evaluating, acquiring and selling multi-family apartments, office buildings and a wide range of other properties," McCarthy pointed out. "He also has extensive dealings with institutional partners in real estate, a field we plan to enter this year," he added.
Ventas to Acquire Sunrise Senior Living REIT
LOUISVILLE, Ky., Jan. 15 /PRNewswire-FirstCall/ -- Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") announced today that it has reached a definitive agreement with Sunrise Senior Living REIT (TSE: SZR.UN) ("Sunrise REIT") to acquire its interest in 74 high-quality private pay assisted living communities in the U.S. and Canada and the exclusive right of first offer to acquire other newly developed assets in Canada and portions of the U.S. for Cdn $15.00 per unit, for a total value including debt of Cdn $2.1 billion (or approximately USD $1.8 billion at current exchange rates). The 74 communities are located in demographically desirable metropolitan areas of 17 states and two Canadian provinces. Ventas also expects to acquire for a fixed price five communities in the U.S. and Canada that are currently under development (the "Five Development Properties").
|
