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Regency Centers Declares Quarterly Greenbacks Dividend on Preferred Stock

JACKSONVILLE, FL.--(BUSINESS WIRE)-- Regency Centers Corporation (the "Company") (NYSE: REG) announced its Lath of Directors declared a quarterly greenbacks dividend of $0.41406 per share on the Company'south Serial 6 Preferred Stock (CUSIP: 758849707; NYSE: REGPrF), payable on June 30, 2016 to shareholders of record on June 14, 2016.

The Company also appear that its Lath of Directors declared a quarterly cash dividend of $0.3750 per share on the Visitor's Serial 7 Preferred Stock (CUSIP: 758849806; NYSE: REGPrG), payable on June 30, 2016 to shareholders of record on June fourteen, 2016.

For a complete copy of the visitor's news release, please contact:

Regency Centers Corporation

Patrick Johnson, 904-598-7422

1000&R Development Breaks Ground on 297-Unit The Residences at Hamilton Lakes in Itasca, IL

Anthony Rossi Sr.

ITASCA, IL — M&R Evolution announced the groundbreaking of The Residences at Hamilton Lakes , a 297-unit luxury rental community immediately side by side to the Hamilton Lakes Business concern Park in Itasca, Ill.

The community, which is a joint venture between M&R Evolution, Itasca-based Hamilton Partners and Chicago-based Murphy O'Brien LLC, is expected to be completed in bound 2017.

Bordered by Prospect Artery on the east, Arlington Heights Road on the west and Thorndale Avenue on the south, the ten.7-acre customs volition be the first luxury rental holding developed in the immediate vicinity of Hamilton Lakes Business Park, which includes over 3 million square feet of function infinite, as well as restaurants and two hotels.

"Nosotros are thrilled to gloat the groundbreaking of the first residential customs of its kind in Itasca in more than xx years," said Anthony Rossi Sr., president of M&R Development. "The Residences of Hamilton Lakes will meet the pent-up need from the renter-by-choice segment interested in luxury housing with proximity to so many suburban employment centers."

For a complete copy of the company's news release, please contact:

Sara Williams, swilliams@taylorjohnson.com, (312) 267-4510

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

RealtyTrac Reports Home Flipping Increases 20 Percent in Kickoff Quarter to Two-Year Loftier

Daren Blomquist

IRVINE, CA — RealtyTrac® (world wide web.realtytrac.com), the nation'southward leading source for comprehensive housing data, released its Q1 2016 U.S. Home Flipping Report, which shows that 6.6 percent (43,740) of all unmarried family abode and condo sales in the first quarter of 2016 were flips, a xx percentage increase from the previous quarter and up three percent from a twelvemonth ago to the highest charge per unit of home flips since the commencement quarter of 2014.

For the report, a domicile flip is defined as a property that is sold in an arms-length auction for the 2nd fourth dimension within a 12-month period based on publicly recorded sales deed data collected by RealtyTrac in more than 950 counties accounting for more than 80 per centum of the U.S. population

The 6.6 percentage share of full home sales that were flips in Q1 2016 was nevertheless 26 percentage below the 9.0 percent share at the peak of home flipping in Q1 2006, but was 55 percent above the recent trough in abode flipping — 4.three percent of total dwelling sales in Q3 2014.

"Afterwards unpleasing in late 2014, home flipping has been gaining steam for the last twelvemonth and a one-half thank you to falling interest rates and a famine of housing inventory for flippers to compete against," said Daren Blomquist, senior vice president at RealtyTrac.

"While responsible home flipping is helpful for a housing market, excessive and irresponsible flipping activity can contribute to a home cost force per unit area cooker that overheats a housing market, and nosotros are starting to run across evidence of that pressure cooker environment in a handful of markets.

For a complete re-create of the company's news release, please contact:

 Jennifer von Pohlmann

949.502.8300, ext. 139

Edward R. James Companies Building Westgate at the Glen on Former Site of Glenview Naval Air Station in Chicago Area

Jerry South. James

CHICAGO, IL — With summer around the corner, Chicago-expanse woods preserves, golf courses, wheel trails and waterways are humming with activity equally outdoor enthusiasts pursue their favorite warm-atmospheric condition pastimes.

For those in the market for a new dwelling, a number of local new-construction communities requite residents the opportunity to live in proximity to these recreational destinations, making it easy for decorated homeowners to spend time outdoors and savour a diverseness of activities.

Edward R. James Companies is currently edifice Westgate at The Glen, a 171-unit maintenance-free community with access to two on-site golf courses – The Glen Club and the Glenview Prairie Lodge. For seasoned golfers, the Glen Club is an 18-hole championship golf game form that was named to the Top 10 New Courses lists published by Golf Digest, Golf game Mag and Sports Illustrated.

 The Glenview Prairie Order is a nine-pigsty course that besides features the popular off-season sport of paddle (or "platform") tennis. Both golf game courses are part of The Glen, an i,100-acre mixed-use development on the site of the old Glenview Naval Air Station. Westgate at The Glen is the last residential packet to be developed at the site.

"Whether our residents are golf lovers, or taking upwards the game for the first time, Westgate at The Glen gives them two fantastic options," said Jerry S. James, president of Edward R. James Companies. "The courses likewise provide a beautiful setting for the homes that can exist enjoyed twelvemonth-circular."

For a complete copy of the company'south news release, please contact:

Sarah Lyons, slyons@taylorjohnson.com, (312) 267-4520

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

More than Luck: Superstition Corridor Attracts Buyer for $iv.9M JLL Office Asset; Booming medical market, new evolution making a big impact on submarket

Dennis Desmond

PHOENIX, AZ– Strong recovery in the Superstition Corridor contributed to this calendar week's $4.9 meg sale of Inverness Commons 2, a value-add together function asset represented past the Phoenix office of JLL.

The sixty,960-square-foot building sits within i mile of the U.S. 60 Superstition Freeway and in the eye of the Superstition Corridor, a submarket that over the past 12 months has experienced a significant improvement in vacancy rates every bit new office and medical users flock to the area.

JLL Senior Managing Director Dennis Desmond represented the property seller, Omninet, in the transaction. The belongings buyer was G2 Upper-case letter. JLL Managing Directors Dave Seeger, Karsten Peterson and Mark Gustin serve every bit the property'south leasing team and partnered with Desmond on the sale.

"The Superstition Corridor is an exceptional market for value-add together investors," said Desmond. "G2 Capital recognized this early on, and has plans to capture that potential with strategic uppercase improvements. For a projection that sits in the shadow of neighbors similar Banner Physician Anderson and A.T. However Academy, the upside opportunity is pregnant."

According to JLL, the Superstition Corridor office submarket already this year has accomplished 167,833 square feet of total net absorption, with an additional 170,000+ square feet of tenants expected to move in by year'south cease. This has helped drive direct vacancy down from 27.9 percent in Q1 2015 to 22.4 percent in Q1 2016. It has as well helped pushed average rents back above $23 per-square-foot, a rate nearing the $26.15 per-square-foot high water marking accomplished in 2007.

Karsten Peterson

"With a 44.iv percent occupancy rate, Inverness is in a prime position to make full its vacant space and maximize the benefits of an improving market," said Desmond. "The 12 neighboring office buildings are currently 82 percent occupied. Surrounding medical function space is operating at more than 87 pct occupied."

Inverness Commons II is located at 5416 E. Baseline Rd. in Mesa, Arizona, between Baseline Road and the U.S. 60, just east of Higley Road.

The 2001-built, ii-story office building sits on five acres, within walking distance to retail and eating place civilities, and in a medical hub of the Southeast Valley that includes Banner Gateway Hospital, Banner Doc Anderson Cancer Center, Phoenix Children's Hospital and the Arizona Health & Technology Park (home to A.T. Still University of Health Sciences).

For a complete re-create of the company's news release, please contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

Phoenix City Council Unanimously Approves Metrocenter Rezoning; 130-acre Planned Unit of measurement Development ushers in new era for infill site

Warren Fink

PHOENIX, AZ — The Phoenix Urban center Council has unanimously approved a Planned Unit Development (PUD) application for 130 acres in and effectually the iconic Metrocenter Mall development, located on Interstate 17 between Peoria and Dunlap roads in Phoenix, Arizona.

The new zoning allows for multiple new uses besides retail, such as office, senior housing, multifamily housing and healthcare. It too allows for increased height and density at the infill site, which boasts the highest surrounding residential density in all of the metro Phoenix marketplace.

The PUD encompasses 130 acres, with 83 acres of that occupied by Metrocenter Mall, the bordering Macys and Sears anchor spaces, and the 10-acre land site of a future Walmart Supercenter.

"This is a landmark moment that nosotros have been working toward for quite a long time," said Warren Fink, COO of Carlyle Development Visitor, the possessor of Metrocenter Mall.

"After several years of collaboration with the City, the community and its leaders, we now accept the official green calorie-free to redevelop this valuable infill site in a very significant mode, kickoff and foremost by bringing in dynamic new uses that volition make this a true urban village for Phoenix residents."

For a complete copy of the company's news release, please contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

Major Ventura County Investor and Developer Diversifies California Portfolio to Los Angeles, Orange and San Diego Counties; Completes $125 Million in Transactions

Bernard Huberman

SANTA MONICA, CA – Following three decades as the premier real estate investment firm in Ventura Canton, BLT Enterprises , a multi-faceted commercial existent estate investment company, has diversified its focus to Los Angeles, Orange and San Diego counties, recently completing more than $125 million in transactions.

 BLT has acquired or developed more than five million square anxiety of commercial avails valued at more than than $ii billion throughout California.

With its shift in geographic targets, BLT Enterprises has moved its headquarters to Santa Monica, has disposed of a portion of its Ventura Canton assets, and has acquired $65 million of industrial, role and redevelopment properties in West Los Angeles, Santa Monica, Lake Forest and Kearny Mesa.  BLT currently has an boosted six properties in escrow within its new region of focus.

            "We fabricated a tremendously positive touch on in Ventura County, acquiring and developing properties in the Oxnard industrial market," says Bernard Huberman, Founder and President of BLT Enterprises.

 "We even so maintain a valuable portfolio in Ventura Canton that includes tenants such as Volkswagen Grouping of America, PepsiCo and Goodwill Industries, and are maintaining an office in that market to proceed to serve our Ventura County tenants."

For a consummate re-create of the company's news release, please contact:

Devin Ugland/ Lexi Astfalk

Brower, Miller & Cole

(949) 955-7940

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Source: http://alex-donedeals.blogspot.com/2016_06_05_archive.html

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