Real Estate  

HENDERSON, Nev. Citing a combination of poor liquidity, substantial debt service, extremely challenging real estate market conditions and other legal and financial issues, Lake at Las Vegas Joint Venture, LLC, the master developer of the Lake Las Vegas Resort ("LLV"), and several of its interdependent subsidiaries today filed to reorganize under Chapter 11 of the Bankruptcy Code.

OAK BROOK, Ill. Inland Real Estate Corporation (NYSE: IRC) announced that today it paid a cash distribution of $0.08167 per share on the outstanding shares of its common stock to common stockholders of record at the close of business on June 30, 2008. The aggregate cash distribution paid to a particular common stockholder of record will be rounded to the nearest $0.01, up or down, with $0.005 or more being rounded up. The Company has approximately 66 million shares of common stock outstanding as of July 17, 2008. The Company currently pays an annual cash distribution of $0.98 per share, disbursing equal portions of $0.08167 per share to stockholders on a monthly basis.

GLENDALE, Calif. Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2008 earnings results on Thursday, August 7, 2008. A conference call is scheduled for Friday, August 8, 2008, at 10:00 a.m. (PDT) to discuss these results.

CLERMONT, Fla. Commencing a two-year project, Titan America's Center Sand Mine relocated 56 gopher tortoises this week to a 35-acre, L-shaped habitat on Center Sand property that will never be mined.

HOUSTON Comfort Systems USA, Inc. (NYSE:FIX), a leading provider of commercial, industrial and institutional heating, ventilation and air conditioning ("HVAC") services, announces that it has scheduled its quarterly conference call for Friday, August 1, 2008 at 10:00 a.m. Central Time to discuss second quarter 2008 financial results. The results will be released after the market closes on Thursday, July 31, 2008.

SANTA FE, N.M. Thornburg Mortgage, Inc. (NSYE: TMA), announced today that Thomas F. Cooley, Ph.D., has been elected to the company's Board of Directors. The company also announced that Stuart Sherman, a member of the board since 1999, has resigned from the board.

TALLINN, Estonia Margus Reinsalu, an Estonian entrepreneur and owner of real estate development company KC Grupp, is one of the partners in the development of Le Jardin de Fleur - an area, which is to be transformed from the unknown coastline into a major holiday destination with the King Mohammed VI's Vision 2010 scheme. He is also involved in football through endorsements. Reinsalu incorporates real estate development and his love of football literally into art with his purchase of the crystal football at a recent reception at his home.

RACINE, Wis. Maple Leaf Farms, which closed its Racine facility earlier in 2008, will sell the 802 acres previously used for duck production at auction on Wednesday, Aug. 13, with Schrader Real Estate & Auction Company, Columbia City, Ind., managing the sale.

NEW YORK Fitch downgrades 1 Class of Greenwich Capital Commercial Funding Corporation, Series 2006-FL4, commercial mortgage pass-through certificates as follows:

KNOXVILLE, Tenn. Just six months after opening, FrontDoor.com, the real estate Web site powered by HGTV, continues to unlock home ownership information for users - now offering more than 3 million listings of homes for sale across the country. (http://www.frontdoor.com)

LOVELAND, Colo. McWhinney broke ground today on Constant Contact's build-to-suit, 50,000 square foot office building in Precision Office Park at Centerra. Located south of the headquarters of Heska Corporation at Rocky Mountain Avenue and Test Drive in Loveland, the site is the first expansion beyond its corporate headquarters in Waltham, Massachusetts for Constant Contact(R), Inc., a leading provider of email marketing and online surveys for small organizations. Project construction is expected to be completed in early 2009.

JACKSONVILLE, Fla. Rayonier (NYSE:RYN) announced today that the company's Board of Directors has declared a third quarter cash dividend of 50 cents per common share. The dividend is payable September 30, 2008, to shareholders of record on September 10, 2008.

MARLTON, N.J. Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it will issue its financial results for the second quarter ended June 30, 2008 on Wednesday, August 6, 2008, after the close of the stock market. David L. Richter, Hill's President and Chief Operating Officer, and John Fanelli III, Hill's Senior Vice President and Chief Financial Officer, will host a conference call the following morning, Thursday, August 7, 2008, at 11:00 am Eastern Time to discuss the results.

BIRMINGHAM, Ala. White Oak Landing, LLC today announced the official grand opening of the 89 acre spectacular lake front development on Smith Lake, Alabama. Reservations are now being taken to view home sites on Saturday, August 2, 2008.

STOCKHOLM, Sweden Regulatory News:

CHATTANOOGA, Tenn. CBL & Associates Properties, Inc. (NYSE: CBL) today announced plans for the future development of "The District at CoolSprings Galleria", an upscale lifestyle expansion at CoolSprings Galleria in Nashville (Franklin), TN. The preliminary plans envision the construction of a vibrant open-air shopping, dining and entertainment destination featuring approximately 200,000 square feet of new premium retail space. The expansion will introduce a targeted selection of junior anchors, an array of high-fashion boutiques and quality sit-down restaurants in a luxurious outdoor atmosphere. The opening of the first phase of this multi-phased expansion is anticipated in 2011.

WESTLAKE VILLAGE, Calif. LTC Properties, Inc. (NYSE:LTC) announced today that it had signed an amended and extended $80 million, three-year Unsecured Credit Agreement, dated July 17, 2008. The Credit Agreement provides for the opportunity to increase the credit amount up to a total of $120 million. The prior agreement did not have an expansion provision.

ATLANTA On Friday, August 8, 2008, before the open of the market, Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) will release financial results for the quarter ended June 30, 2008. The Company will hold a conference call on the same day at 11:00 AM ET to discuss the results. You may listen to the conference call and view the Company's slide presentation over the internet by going to the "Investor Relations" section of the Company's website at www.beazer.com. A replay of the call will also be available at www.beazer.com for approximately 60 days. To access the conference call by telephone, listeners should dial 877-601-3546 (for international callers, dial 210-234-0031). To be admitted to the call, verbally supply the passcode "BZH". A replay of the call by telephone will be available shortly after the conclusion of the live call. To directly access the replay, available until 5:00 PM ET on August 15, 2008, dial 800-282-5731 (for international callers, dial 402-220-9726).

Lincoln Park Coast Cultural District (LPCCD) is a community development corporation with a mission to plan, design and develop a comprehensive arts and cultural district in Lincoln Park in Newark, New Jersey. The LPCCD project is one of the nation's best practices in urban sustainable community development, leading the revitalization of a historic downtown Newark neighborhood. The project includes 300 United States Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) certified housing units, music festivals, historic restoration projects and the Museum of African American Music, a Smithsonian Affiliate.