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Investing

$23MM Zero Cash Flow Portfolio Transaction

Reston, VA - February 1, 2012 - (RealEstateRama) -- Calkain Companies’, a national real estate investment brokerage firm, recently completed a complex 1031 transaction involving two (2) zero-cash-flow properties (“zero(s)”) occupied by CVS (NYSE: CVS.) The purchaser was a large family LLC motivated by the foreclosure of an office building they had previously owned.

Calkain Companies Hires Florida Net Lease Specialist

Reston, VA - January 27, 2012 - (RealEstateRama) -- Michael Zimmerman, Vice President of Calkain Realty Advisors, is the newest addition to Calkain Companies’ growing team of experienced net lease investment advisors. Zimmerman is a veteran net lease practitioner has successfully procured in excess of $325 million in transactions throughout Florida and the southeastern United States, resulting in numerous awards and recognition from within the net lease industry. Having successfully advised and represented merchant developers and private equity investors, Michael is seen as an authority on the asset class in which he specializes

Virginia Real Estate Businessman Pleads Guilty to Mortgage and Investment Fraud Schemes

WASHINGTON, WA - July 15, 2011 - (RealEstateRama) -- Alexander Otis Matthews, a Virginia real estate businessman pleaded guilty today to fraud charges in connection with mortgage and investment schemes to obtain more than $12 million in fraudulent loans.

Chesapeake Woman Charged with Committing Foreclosure Rescue Fraud

NORFOLK, VA - June 30, 2011 - (RealEstateRama) -- Kathleen Harps, 51, of Chesapeake, Va., was arrested by the Federal Bureau of Investigation today after a federal grand jury indicted her on June 21, 2011 on one count of conspiracy to commit mail and wire fraud, three counts of mail fraud, and three counts of engaging in unlawful monetary transactions.

President of Real Estate Investment Company Guilty of Mail and Wire Fraud

November 15, 2010 - (RealEstateRama) -- Neil H. MacBride, United States Attorney for the Eastern District of Virginia, made the announcement. Robertson faces a maximum penalty of 30 years on the conspiracy and mail and wire fraud counts, 10 years on the counts charging engaging in monetary transactions in property derived from unlawful activity and 10 years on the false statement count.

GID Investment Advisers LLC Acquires 244-unit Io Piazza In Arlington, Virginia

Boston, Sept. 7, 2007 -- GID Investment Advisers LLC (“GID”) announced today that it has acquired the 244-unit Io Piazza, a luxury high-rise apartment...

Making The Unimaginable A Reality: Lerner Starts Its Next Project, The Falls At Flint...

Lerner Enterprises, Washington D.C.’s largest private real estate developer, announces the start of construction for The Falls at Flint Hill, a 246-unit luxury apartment...

Cohen Financial Secures $8.4 Million Refinancing For Staverton West In Sterling

Cohen Financial, a national real estate capital services firm, announced (June 20, 2007) that Howard Taft, Managing Director and Charles Penan, Senior Analyst, in...

B.F. Saul Spec Office in Northern Virginia Takes $105M Mortgage

The B. F. Saul Real Estate Investment Trust (REIT) has taken out a $105 million 14-year, fixed rate construction and permanent mortgage on its...

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Arlington County Board Approves Redevelopment of Former Bob Peck Site

Ballston project incorporates office buildings, affordable housing, ground-floor retail, townhouses ARLINGTON, Va.– The Arlington County Board today approved a mixed-use project for the last unplanned...

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New Poll Shows Virginians Strongly Favor Policies that Make Housing More...

The Campaign for Housing and Civic Engagement (CHACE), a statewide network of housing advocates spearheaded by the Virginia Housing Alliance and the Virginia Poverty Law Center working to elevate housing issues for the 2017 elections, revealed the results of a statewide public opinion survey on housing and energy efficiency issues conducted by the Judy Ford Wason Center for Public Policy at Christopher Newport University