News and Blogs About the Real Estate Crash of 2009

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SAN JOSE, CA -- (Marketwire) -- 01/27/12 -- Focus Business Bank (OTCBB: FCSB) announced unaudited financial results for the quarter and twelve-months ended December 31, 2011. Net income, assets, loans and deposits at December 31, 2011, each represent record levels for the Bank. President and Chief Executive Officer Richard L. Conniff remarked, "Focus Business Bank is pleased to report its seventh consecutive profitable quarter, completing a full year of strong growth in assets and earnings. The Bank's commitment to serving the closely-held businesses of Santa Clara County has enabled us to achieve excellent growth in loans and deposits. The resulting increase in earning assets has led to record revenues which, coupled with careful management of operating expenses and credit costs, has resulted in record earnings." The Bank reported net income of $239,000, or $0.09 ... (more)

Prologis Announces Tax Treatment of 2011 Distributions

SAN FRANCISCO, Jan. 27, 2012 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced the tax treatment of its 2011 distributions.  The tables attached as exhibits reflect the tax treatment of distributions made prior to the merger on ProLogis common shares and preferred shares and for the full year on AMB Property Corporation common stock and preferred stock.  Exhibit A presents information relative to ProLogis common shares and AMB common stock, including common stock of the combined company.  Exhibi... (more)

Salisbury Bancorp, Inc. Reports Results for Fourth Quarter and Full Year 2011; Declares 28 Cent Dividend

LAKEVILLE, Conn., Jan. 27, 2012 /PRNewswire/ -- Salisbury Bancorp, Inc. ("Salisbury"), NYSE Amex Equities: "SAL", the holding company for Salisbury Bank and Trust Company (the "Bank"), announced results for its fourth quarter and full year ended December 31, 2011.   Selected fourth quarter 2011 highlights Net income available to common shareholders was $1,183,000, or $0.70 per common share, for its fourth quarter ended December 31, 2011 (fourth quarter 2011), compared with $864,000, or $0.51 per common share, for the third quarter ended September 30, 2011 (third quarter 2011), an... (more)

Winners of the 2011 Bulldog Digital/Social PR Awards for Outstanding Achievement by Agencies and Individuals in PR and Corporate Communications

OAKLAND, CA -- (Marketwire) -- 01/27/12 -- More than 50 winners of the 2011 Bulldog Digital/Social PR Awards for Outstanding Achievement by Agencies and Individuals in PR and Corporate Communications were announced today by Bulldog Reporter. Winners enter a pantheon of exemplary communications practitioners, and their campaigns will be summarized in the Bulldog Awards Digital/Social Awards Hall of Fame magazine, which is to be published in March 2012 and in Bulldog Reporter's Daily 'Dog online trade journal. Winners were chosen exclusively by working journalists from hundreds of ... (more)

Columbia Commercial Bancorp Reports Fourth Quarter and Full Year 2011 Results

HILLSBORO, OR -- (Marketwire) -- 01/27/12 -- Columbia Commercial Bancorp (OTCBB: CLBC), a single bank holding company for Columbia Community Bank (the Bank), reports a net profit of $160,000, or $0.05 per diluted share for the fourth quarter of 2011 compared to a net profit of $121,000, or $0.04 per diluted share for the third quarter. For the full year ended December 31, 2011, net income was $184,000, or $0.05 per diluted share compared to a net loss of $1.1 million, or ($0.36) per diluted share for the same twelve month period in 2010. "The Company is very pleased with all the... (more)