Tapinder Katoch Investments www.stockcaps.blogspot.com
Grubb & Ellis Company (Grubb & Ellis) is a commercial real estate services and investment management firm. The Company operates in three segments: Management Services, which includes property management, corporate facilities management, project management, client accounting, business services and engineering services for unrelated third parties and the properties owned by the investment programs it sponsors; Transaction Services, which consists of its real estate brokerage operations, and Investment Management, which includes providing acquisition, financing, disposition and asset management services with respect to its investment programs and dealer-manager services by its securities broker-dealer, which facilitates capital raising transactions for its real estate investment trust (REIT), tenant-in-common (TIC) and other investment programs. In July 2010, Grubb & Ellis Company acquired a 100% interest in its Las Vegas affiliate, Grubb & Ellis Las Vegas.
Posted on 12/20/10 at 2:48pm by Chip Brian
(via COMTEX News Network)--
Shares of Grubb & Ellis (NYSE: GBE) are trading up 8.7% to $1.25 today on above average volume. Approximately 1.1 million shares have traded hands today vs. average 30-day volume of 212,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of GBE to see if this bullish momentum will continue.
Grubb & Ellis Company is a commercial real estate services firm. The Company provides transaction services, management services, financial services, and strategic services to clients worldwide. Grubb's management services operate through its Grubb & Ellis Management Services, Inc. subsidiary.
In the last five trading sessions, the 50-day MA has fallen 0.71% while the 200-day MA has slid 1.07%.
In the past 52 weeks, shares of Grubb & Ellis have traded between a low of $0.91 and a high of $2.35 and are now at $1.18, which is 30% above that low price.
Write to Chip Brian at cbrian@tradethetrend.com
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Report On PNC Interest In Florida Sends Regions, BankAtlantic Up
By David Benoit
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--A report that PNC Financial Services Group Inc. (PNC) was looking to expand its Florida presence sent shares of Regions Financial Corp. (RF) and BankAtlantic Bancorp (BBX) higher Wednesday.
The Florida Business Journal, citing unnamed industry sources, said Pittsburgh-based PNC is in talks with Alabama-based Regions and is "considering a deal" with Fort Lauderdale, Fla.-based BankAtlantic
Company website:
http://www.bankatlanticbancorp.com/
It provides traditional retail banking services and a range of business banking products and related financial services through a network of 100 branches or stores in southeast Florida and the Tampa Bay area in the metropolitan areas surrounding the cities of Miami, Ft. Lauderdale, West Palm Beach and Tampa, which are located in the heavily-populated Florida counties of Miami-Dade, Broward, Palm Beach, Hillsborough and Pinellas.
Report On PNC Interest In Florida Sends Regions, BankAtlantic Up
By David Benoit
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--A report that PNC Financial Services Group Inc. (PNC) was looking to expand its Florida presence sent shares of Regions Financial Corp. (RF) and BankAtlantic Bancorp (BBX) higher Wednesday.
The Florida Business Journal, citing unnamed industry sources, said Pittsburgh-based PNC is in talks with Alabama-based Regions and is "considering a deal" with Fort Lauderdale, Fla.-based BankAtlantic
Company website:
http://www.bankatlanticbancorp.com/
It provides traditional retail banking services and a range of business banking products and related financial services through a network of 100 branches or stores in southeast Florida and the Tampa Bay area in the metropolitan areas surrounding the cities of Miami, Ft. Lauderdale, West Palm Beach and Tampa, which are located in the heavily-populated Florida counties of Miami-Dade, Broward, Palm Beach, Hillsborough and Pinellas.
Stocks on the move
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Flagstar Bancorp, Inc. is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB (the Bank), a federally chartered stock savings bank. As of December 31, 2009, the Bank operated 165 banking centers (of which 30 were located in retail stores), including 114 located in Michigan, 24 located in Indiana and 27 located in Georgia. Through its banking centers, the Bank gathers deposits, and offers a line of consumer and commercial financial products and services to individuals and to small and middle market businesses. It also gathers deposits on a nationwide basis through its Website, FlagstarDirect.com. The Company’s business consists of two operating segments: banking and home lending. Its banking operation offers a line of consumer and commercial financial products and services to individuals. Its home lending operation originates, acquires, sells and services mortgage loans on one- to four-family residences.
Flagstar Bancorp, Inc. is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB (the Bank), a federally chartered stock savings bank. As of December 31, 2009, the Bank operated 165 banking centers (of which 30 were located in retail stores), including 114 located in Michigan, 24 located in Indiana and 27 located in Georgia. Through its banking centers, the Bank gathers deposits, and offers a line of consumer and commercial financial products and services to individuals and to small and middle market businesses. It also gathers deposits on a nationwide basis through its Website, FlagstarDirect.com. The Company’s business consists of two operating segments: banking and home lending. Its banking operation offers a line of consumer and commercial financial products and services to individuals. Its home lending operation originates, acquires, sells and services mortgage loans on one- to four-family residences.
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