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Four bank-owned offices sold by Ross Realty Group

Shutterstock / Michael D. Brown Mark Holan[1] Staff Writer- Tampa Bay Business Journal Email[2] | LinkedIn[3] | Twitter[4] Ross Realty Group Inc. of Clearwater has sold four bank-owned office buildings for more than $1 million: · The 4,0000-square-foot office at 19445 Shumard Oak Dr. in Land-O-Lakes sold for $375,000. BB&T Bank sold to Lakhani. · The 3,000-square-foot building at 3758 Maryweather Lane in Wesley Chapel sold for $301,000. Regions Bank sold to KYH 2013 Properties LLC. · The 3,000-square-foot office at 3830 Turman Loop in Wesley Chapel sold for $290,000. BB&T Bank sold to Task Source Inc. · The 2,655-square-foot retail/office building at 7110 Gulf Blvd. in St. Petersburg Beach sold for $256,100. Synovus Bank[5] sold to K & C TV LLC. Elliott M. Ross[6], Dennis P. Bush[7], Frank Boullosa[8] and Karin Stewart[9] represented the banks. Mark Holan's beats include commercial real estate and residential real estate. References^ Mark Holan (feeds.bizjournals.com)^ Email (feeds.bizjournals.com)^ LinkedIn (www.linkedin.com)^ Twitter (twitter.com)^ Synovus Bank (www.bizjournals.com)^ Elliott M. Ross (feeds.bizjournals.com)^ Dennis P. Bush (feeds.bizjournals.com)^ Frank Boullosa (feeds.bizjournals.com)^ Karin Stewart (feeds.bizjournals.com)...
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Free museum admission for BoA and Merrill Lynch cardholders

Witte Museum Witte Museum's South Texas Heritage area Donna J. Tuttle[1] Projects Editor- San Antonio Business Journal Email[2] | Twitter[3] | LinkedIn[4] | Google+[5] Let’s see ... balance your checking account this weekend or take in some local culture for free? Unless you’re Warren Buffet, the art gig probably would be more gratifying. Bank of America[6] and Merrill Lynch cardholders in San Antonio receive free admission to four local museums this weekend: Saturday, June 1 and Sunday, June 2, 2013. Free admission is for cardholders only (no guests) at the Witte Museum, San Antonio Museum of Art, McNay Art Museum, San Antonio Children’s Museum.[7][8][9][10] Flash your Bank of America or Merrill Lynch credit or debit card along with a photo ID to gain entrance to the main exhibits — the deal excludes fundraising events, special exhibitions and ticketed shows. The Museums on Us program by Bank of America allows free entrance to these same museums during the first full weekend of each month this summer. The arts awareness project is going on in 31 states across the country. For more information, visit: http://museums.bankofamerica.com[11] Donna J. Tuttle edits special publications & special reports and is the social engagement manager. References^ Donna J. Tuttle (feeds.bizjournals.com)^ Email (feeds.bizjournals.com)^ Twitter (twitter.com)^ LinkedIn (www.linkedin.com)^ Google+ (plus.google.com)^ Bank of America (www.bizjournals.com)^ Witte Museum (feeds.bizjournals.com)^ San Antonio Museum of Art (feeds.bizjournals.com)^ McNay Art Museum (feeds.bizjournals.com)^ San Antonio Children’s Museum. (feeds.bizjournals.com)^ http://museums.bankofamerica.com (feeds.bizjournals.com)...
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Hawaiian Airlines secures $444.5M to fund new Airbus planes

Courtesy Hawaiian Airlines Hawaiian Airlines Inc. has closed on $444.5 million in Enhanced Equipment Trust Certificates to finance the acquisition of six new Airbus A330-200 aircraft. Staff Pacific Business News Hawaiian Airlines Inc. said Wednesday that it has closed on $444.5 million in Enhanced Equipment Trust Certificates to finance the acquisition[1] of six new Airbus A330-200 aircraft over the next 18 months. “This financing represents a significant landmark for Hawaiian, and we are very pleased with the results,” Scott Topping[2], chief financial officer of Hawaiian Airlines, a subsidiary of Hawaiian Holdings Inc. (Nasdaq: HA), said in a statement. The financing is comprised of $328.26 million of Class A certificates with an interest rate of 3.9 percent and a final distribution date of Jan. 15, 2026, and $116.28 million in Class B certificates with an interest rate of 4.95 percent and an final expected distribution date of Jan. 15, 2022. Topping noted that the fixed interest rates of the Class A and Class B certificates were the lowest for an airline via a public EETC offering without an insurance wrap. “The offering opens a significant new source of future capital for Hawaiian and reflects our financial strength, the confidence that capital market investors have in our strategy and the enduring value of our investment in the Airbus aircraft,” Topping said. References^ to finance the acquisition (www.bizjournals.com)^ Scott Topping (feeds.bizjournals.com)...
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Ken Thomas says City National Bank deal good for local businesses

Miami-based bank analyst and economist Kenneth H. Thomas Brian Bandell[1] Senior Reporter- South Florida Business Journal Email[2] | LinkedIn[3] | Twitter[4] Miami-based bank analyst and economist Kenneth H. Thomas[5] said the deal by Banco de Credito e Inversiones[6] (BCI) to buy City National Bank of Florida[7] is good for local businesses because it maintains a competitor in the marketplace and should lead to the bank expanding. It was announced on Friday that Spain’s Bankia would sell the Miami-based bank to BCI[8] for $882.8 million, which is about 1.5 times its book value. Thomas said that represents a new high water mark for bank acquisitions in Florida post recession and it should represent the ceiling for acquisition deals to follow. “They paid the best price because they’re getting the best product,” Thomas said. “For other banks, if you sell for just book value you are doing well. Look at how many deals aren’t even close to book.” However, Thomas noted that City National Bank sold for 4.5 to five times its book value in 2008 when it was acquired by the Spanish bank. The prices for banks have come down dramatically since the recession. Now with the South Florida economy heating up, banks are increasing their lending. The fact that City National Bank is getting acquired by a bank without any branches in the United States is good news because the market isn’t losing a competitor, Thomas said. He noted that Branch Banking & Trust Co. closed many BankAtlantic branches following that deal in 2012 and that removed a major player for loans and deposits in South Florida. Had BB&T or Miami Lakes-based BankUnited succeeded in their bids for City National Bank, it’s possible there would be been more branch consolidation and less competition, Thomas said. Brian Bandell covers banking, finance,…
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The case for and against a Yahoo/Hulu deal

Michael del Castillo Yahoo's Marissa Mayer might be making another big buy soon. Her company has reportedly bid on the streaming service Hulu. Jon Xavier[1] Web Producer- Silicon Valley Business Journal Email[2] | Twitter[3] | Google+[4] Wow, slow your roll, Yahoo. Just days after closing a $1.1 billion acquisition of Tumblr, Yahoo is reportedly putting in a bid for Hulu[5]. According to unnamed sources quoted by Variety, Yahoo is the latest company to put in a bid for the streaming video site.[6] Variety also said that Amazon, which was seen as a frontrunner for the deal, has dropped out of contention. Bid price was not disclosed. Hulu would seem to be at the center of a full-on feeding frenzy these days, with private equity firms Silver Lake and Kohlberg, Kravis & Roberts circling as well as interest from Time Warner Cable and DirecTV. Gugenheim Media has also put in a bid, which might make for an interesting match up given that Gugenheim is headed by Ross Levinsohn[7], the man passed over for Marissa Mayer[8]'s CEO gig. I'm of two minds about a Yahoo/Hulu merger. On the one hand, Hulu would be huge for Yahoo. It gives it exactly the kind of reach for its video that it was hoping for from the aborted DailyMotion deal, and a far better stable of original content than it probably would have gotten otherwise. But Yahoo's war chest, while formidable, isn't inexhaustible. The DailyMotion deal was reported to be around $300 million. Hulu's revenue is more than double that. Owners News Corp., Disney and NBC had previously tried to unload the company for about $2 billion, but weren't able to get a good enough price. This new deal will be expensive, especially given the interest from private equity firms, who can afford to do…
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AK Steel secures $375M financing for new Indiana plant

AK Steel has completed $375 million financing for its iron ore plant in Indiana. Evan Weese[1] Web coordinator- Business First Email[2] | Google+[3] | Twitter[4] | LinkedIn[5] AK Steel has completed a $375 million financing deal to build its Indiana iron ore plant, expected to provide half of its annual iron ore requirements beginning in 2015, the Dayton Business Journal reports[6]. The plant in Reynolds, Ind., a joint venture with Grand Rapids, Mich.-based Magnetation Inc., is under construction with a completion date about 18 months off. Production from the pellet plant will supply West Chester-based AK Steel’s (NYSE:AKS) blast furnaces located in Ohio and Kentucky. Morning Call is compiled from news reports originated by other media organizations and Columbus Business First staff. Evan Weese is web coordinator for Business First. References^ Evan Weese (feeds.bizjournals.com)^ Email (feeds.bizjournals.com)^ Google+ (plus.google.com)^ Twitter (twitter.com)^ LinkedIn (www.linkedin.com)^ reports (www.bizjournals.com)...
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