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Tag: commercial real estate

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Starwood Property Trust, Inc. (NYSE:STWD) has completed the sale of 23,000,000 shares of its common stock, including 3,000,000 shares sold pursuant to the exercise in full of the underwriters' over-allotment option, at a price of $19.73 per share. The net proceeds of the sale were approximately $434.8 million after the underwriting discount and estimated offering expenses.

John Bean Technologies Corporation (NYSE:JBT) received an Automatic Guided Vehicle (AGV) system contract to automate product movement in a North American integrated manufacturing and warehousing facility. The contract, valued at over $5 million, represents the eighth consumer products facility automated by JBT Corporation's guided vehicle systems.

Weatherford International Ltd. (NYSE:WFT) reported that it has scheduled a conference call for Tuesday, January 25, 2011 at 9:00 a.m. Eastern, 8:00 a.m. Central. The purpose of the conference call is to discuss results for the company's fourth quarter ended December 31, 2010. The call will be open to the public.

Vornado Realty Trust (NYSE:VNO) previously reported that it recently acquired the mortgage loan secured by the Springfield Mall located in Fairfax County, Virginia. Vornado paid $115 million for the loan, which had an outstanding balance of $171.5 million.

Grubb & Ellis Company (NYSE:GBE) a leading real estate services and investment firm, reported that its board of directors has declared a dividend of $3.00 per share on the company's 12% Cumulative Participating Perpetual Convertible Preferred Stock to stockholders of record as of December 20, 2010. The dividend is for the quarterly period from October 1, 2010 and is payable on December 31, 2010.

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iStar Financial Inc. (NYSE:SFI) previously reported that it will release its financial results for the third quarter 2010 on Thursday, October 28, 2010, prior to the opening of the market.

iStar Financial Inc. operates as a finance company focusing on the commercial real estate industry.

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Reis Inc, a commercial real estate performance information and analysis firm announced office rents declined nationwide 8.5% over the same time period last year. Vacancy rates hit a five year high of 16.5%.......

There’s another shoe that’s quietly starting to drop in the commercial real estate sector… one that could deal a fatal blow to some of the largest banks like Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS) and most of the other big boys in the news for the last year.

But you wouldn’t know that by looking at the headlines…

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