Latest EDGE News

Wells Fargo Tower in Birmingham Sells for $68.5M

August 16, 2011

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Commonwealth REIT (NYSE: CWH), an office and industrial real estate investment trust, purchased Wells Fargo Tower in Birmingham, AL, for $ 68.5 million, or approximately $ 130 per square foot. AREA Property Partners sold the trophy office building on behalf of one of its funds in one

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Property Letting Software for the Modern Age

August 16, 2011

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As any residential letting or property management company will understand, keeping track of the individual needs of clients and the general day-to-day tasks of maintaining portfolios can be a time-consuming exercise. Traditional methods of organising this data can be slow, inefficient

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Saks, Wal-Mart show widening U.S. consumer split (Reuters)

August 16, 2011

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Reuters – At luxury department store chain Saks Inc , customers were buying more designer suits at full price. Yahoo! News: Business News

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Dell lowers revenue forecast, shares fall (AP)

August 16, 2011

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AP – Dell’s second-quarter net income rose 63 percent on stronger spending by corporations and government agencies. But its stock dropped as revenue fell short, and the computer maker lowered its revenue forecast. Yahoo! News: Business News

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How Much Money Is Your Multifamily Complex Losing? Owner Loses Nearly $200,000 – Find Out Why

August 16, 2011

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“How much money do you estimate was lost?” We put this question to a multifamily owner who operated several complexes totaling nearly 500 units. His answer was unbelievable. “Nearly $ 200,000 over three to four years.” Our next question was obvious…”

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U.S. Hotel Construction Pipeline Drops 10% from Last Year

August 16, 2011

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According to the July 2011 STR/McGraw Hill Construction Dodge Pipeline Report, the total active U.S. hotel development pipeline comprises 2,990 projects totaling 323,070 rooms. This represents a 10.1-percent decrease in the number of rooms in the total active pipeline compared to July

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5 Ways to Retain Tenants Longer

August 16, 2011

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With very strict competition ongoing in the property rental market, it is vital for both property managers and owners to maintain a positive representation with the tenants. The basic aspect of this business is to keep properties occupied with valuable, quality tenants while giving th

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Horizon Lending Closes $4.6M Acquisition

August 16, 2011

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CDM Property Investments LLC acquired two office buildings at 3800 and 3810 Inverrary Blvd. in Lauderhill, FL from Horizon Lending LLC for $ 4.6 million, or about $ 38 per square foot. The deal includes two four-story office properties that were constructed in 1984: a 71,000-square-fo

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Oxford Relocating to Palm Beach After a Decade in Jupiter, FL

August 16, 2011

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After more than a decade, Oxford Global Resources is relocating its engineering and IT division, Oxford International, to the Corporate Center at The Gardens located at 4200 Northcorp Parkway in Palm Beach Gardens, FL. The firm plans to relocate from the 25,000-square-foot, single-ten

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