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Press Releases

Latest Mueller indictment spells trouble for bankers, too

NEW YORK— Recently filed federal charges against President Donald Trump's ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions of dollars against his New York real estate in recent years. Dubbed "Lender B" in court papers, Citizens Bank not only lent Manafort $3.4 million based off of fraudulent...

Source: The Associated Press

UPDATE 2-China's Jan home prices rise even as top cities register decline

*China's Jan average new home prices rise 5 pct y/y. BEIJING, Feb 24- China's new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk. Average new home prices in China's 70 major cities rose 5 percent in January from a year earlier and 0.3 percent...

Source: Reuters

Fainsbert Mase Brown & Sussman, LLP Completes Acquisition Closing on 3.1 Million Sq. Ft. IBM Campus in Minnesota

ROCHESTER, Minn., Feb. 23, 2018/ PRNewswire/-- Fainsbert Mase Brown& Sussman, LLP, a premiere Los Angeles law firm offering national services for real estate and business transactions, announced today the successful closing of the Industrial Realty Group, LLC purchase of the 3.1 million sq. ft. IRG's plan for the site envisions a dynamic, mixed-use, multi-tenant campus,...

Source: PR Newswire

IRG Finalizes Purchase of IBM's Rochester Campus

ROCHESTER, Minn., Feb. 23, 2018/ PRNewswire/-- Industrial Realty Group, LLC, a nationwide real estate development and investment firm, is excited to announce its purchase of the IBM technology campus in Rochester, Minnesota, comprised of more than 3.1 million sq. ft. and 490 acres. IBM will lease back eight of these buildings on the eastern portion of the campus, affirming...

Source: PR Newswire

Prosecutors: Developer gave illicit cash to LA politicians

LOS ANGELES— A real estate developer was charged Friday with making nearly $200,000 in illegal campaign contributions to committees that supported Mayor Eric Garcetti and seven other Los Angeles politicians while seeking approval to build a massive apartment complex. Samuel Leung, 67, was charged in Los Angeles Superior Court with conspiring to launder...

Source: The Associated Press

Noah Holdings Limited to Announce Fourth Quarter and Full Year 2017 Financial Results on Tuesday, March 6, 2018

SHANGHAI, Feb. 23, 2018/ PRNewswire/-- Noah Holdings Limited, a leading wealth and asset management service provider in China with a focus on global investment and asset allocation services for high net worth individuals and enterprises, today announced that it will release its unaudited financial results for the fourth quarter and full year 2017 after the U.S....

Source: PR Newswire

Southern Missouri Bancorp, Inc. Announces Completion of Merger With Southern Missouri Bancshares, Inc.

Southern Missouri Bancorp, Inc., of Poplar Bluff, Missouri, the parent corporation of Southern Bank announced that its merger with Southern Missouri Bancshares, Inc., Marshfield, Missouri, and its subsidiary, Southern Missouri Bank of Marshfield, was completed today. SMBC is the holding company for Southern Bank, headquartered in Poplar Bluff, Missouri,...

Source: Globe Newswire

Maui Land & Pineapple reports 4Q loss

LAHAINA, Hawaii _ Maui Land& Pineapple Co. on Friday reported a fourth-quarter loss of $929,000, after reporting a profit in the same period a year earlier. The Lahaina, Hawaii- based company said it had a loss of 5 cents per share. Maui Land& Pineapple shares have decreased 32 percent since the beginning of the year.

Source: The Associated Press

Maui Land & Pineapple Reports 2017 Net Income of $10.9 Million

KAPALUA RESORT, Hawaii, Feb. 23, 2018-- Maui Land& Pineapple Company, Inc. reported net income of $10.9 million, or $0.57 per share, for 2017. This compares to net income of $21.8 million, or $1.15 per share, for 2016. The Company reported revenues of $24.4 million and $47.4 million for 2017 and 2016, respectively..

Source: Globe Newswire

HAP to Move Southfield Operations to Troy

DETROIT, Feb. 23, 2018/ PRNewswire/-- Health Alliance Plan, a Detroit- based nonprofit health plan, announced today it will move its Southfield operations to Troy, Mich., and will begin relocating employees later this year. HAP will retain its current facility in Detroit, in close proximity to its parent company, Henry Ford Health System. HAP will also continue to...

Source: PR Newswire