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PRESS RELEASE: HFF Arranges $130 Million Financing For 11-Property Industrial Portfolio On Behalf Of IDI Incorporated
2013-10-23 18:30:00| National Real Estate Investor
Kristen M. HFF announced today that it has arranged $130 million in financing for an 11-property, 2.9 million-square-foot industrial portfolio located in five states. read more
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million
industrial
Legacy Increases Borrowing Base To $800 Million
2013-10-23 15:35:00| OGI
Legacy's quarterly distribution is a $0.005 increase from the prior quarter and represents an annualized distribution of $2.34 per unit.
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legacy
Pace to acquire Aurora Networks for USD 310 million
2013-10-23 13:24:00| Telecompaper Headlines
(Telecompaper) Set-top box maker Pace is expanding into the network equipment market with an agreement to buy Aurora Networks for USD 310 million cash. California-based Aurora develops and manufactures optical transport and access network equipment for delivery of video, data and voice services over fibre-based networks. In the year to 31 March, it generated revenues of USD 217 million and EBITDA of USD 30 million. The company counts over 200 customers in 50 countries, including all of the top 10 cable operators in the US. Pace said the deal will add significantly to earnings and support its current margin and leverage targets. It will maintain the Aurora brand and management and operate the company as a separate unit. Pace secured a five-year loan to finance the takeover, and also refinanced its existing credit facilities with a new USD 150 million revolver. Pending regulatory and shareholder approval, the deal is expected to close around year-end.
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pace
Blackberry sees 10 million BBM downloads in 24 hours
2013-10-22 23:50:22| InfoWorld: Top News
Blackberry says its new app that opens up the proprietary BBM messaging platform to Android and Apple users was downloaded 10 million times in just over its first 24 hours of availability. The free app was launched Monday morning.[ For a quick, smart take on the news you'll be talking about, check out InfoWorld TechBrief -- subscribe today. ]
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PRESS RELEASE - $2.4 Million Apartment Sale Arranged By Reichle Klein Groups Investment Property Advisors
2013-10-22 22:57:00| National Real Estate Investor
Matt Thornton Reichle Klein Group recently orchestrated the sale of Park Terrace Apartments, a 208-unit apartment community in Toledo, Ohio, for $2.4 million. read more
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