Terreno Realty Corporation (NYSE:TRNO) acquired an industrial property located in San Jose, California on March 30, 2010, for a purchase price of approximately $5.6 million. The Company utilized cash on hand to fund the acquisition.

The property consists of one multi–tenant industrial building containing approximately 72,000 square feet. The property is currently 100.0% leased to two tenants. The estimated stabilized cap rate of the property is 9.3%.

Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

Terreno Realty Corporation is an acquirer, owner and operator of industrial real estate located in six major coastal U.S. markets: Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore.

Following Devastating Fire Contractors from Variety of Disciplines Come Together to Transform Ruins into Sustainable Home that Seeks One of the Highest LEED Point Total for Residential Construction in the Country and Could Set Building Standards for the Future.

What may be the nation’s first net zero energy, embodied carbon neutral home, has emerged from the ashes of a tragic fire that destroyed it last year. The 4,500 square foot, four bedroom, six bathroom house, at 37 Parkside Avenue in Southampton has been renovated utilizing both cutting edge “green” building technologies as well as proven energy-efficient techniques.

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Chesapeake Lodging Trust (NYSE: CHSP), a lodging real estate investment trust (REIT), and Hyatt Hotels Corporation (NYSE: H) announced that Chesapeake Lodging Trust has acquired the 498-room Hyatt Regency Boston for a purchase price of $112 million, or approximately $225,000 per key, and will invest additional capital in renovations in the hotel, which is located in Boston, Mass. The companies have entered into a long-term management agreement and Hyatt will continue to operate the hotel under the Hyatt Regency flag.

James L. Francis, Chesapeake’s President and Chief Executive Officer, stated, “We are very excited that our first acquisition is located in the central business district of a strong gateway market like Boston. Hyatt Regency Boston is a well-maintained, high-quality asset that will continue to benefit from Hyatt’s brand strength and management expertise. We look forward to working with Hyatt as we continue to grow our portfolio.”

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Suffolk Construction Company, a leading construction management firm will manage $8.3 million multi-story classroom building and infrastructure improvement project aiming for LEED Gold certification at the Palm Beach State College. The $8.3 million project will include construction of a new 36,000 square-foot multi-story building, the state-of-the-art teaching facility will create a dynamic teaching and learning environment for students by shifting the educational paradigm away from simply delivering content and toward engaging, empowering and connecting students nationwide. Palm Beach State College will be aiming for LEED Gold certification.

The school campus is located in a congested area with heavy pedestrian and vehicular traffic patterns, so the Suffolk project team will need to have a comprehensive logistics plan in place to limit disruption to ongoing campus activities and minimize the displacement of existing parking capacity. The architect on the project is Song and Associates, and the designing of the project will begin in March 2010 and construction will begin later in 2010 with final completion of the building expected in Fall 2011.

Realtor Homes & Land, a provider of real estate media and marketing for over 37 years, recently launched Market Pulse. In February Homes & Land asked over one hundred thousand real estate agents to report their opinions about their local real estate market. The national, state, and county results are published in the Market Pulse Survey Report. Overall, optimism is improving with most agents reporting an increase in homebuyer interest. However, in states with the highest foreclosure rates, buying appears to be driven by distressed home sales.

When asked if President Obama’s Home Affordable Modification Program (HAMP) “has reduced the rate of foreclosures in your market,” only 10 percent of respondents said ‘yes’. Initial details about HAMP became available on March 4, 2009 with the promise of easing at-risk homeowners. The plan makes available $75 billion in funding for up to four million homeowners, providing a modified interest rate and three months of a probationary period.

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Only two months in to 2010, and one Tennessee company is beginning the year by winning a large contract overseas, while also projecting another significant growth year. Critical Mission Support Services (CMSS), a Maryville-based company specializing in providing governments and organizations around the world with mission critical services, was recently awarded a $10M contract with the Joint Contracting Command, Afghanistan. This contract serves as a vehicle to provide third country national or U.S. National personnel in support of the coalition efforts in Afghanistan.

With this most recent contract awarded, CMSS has already secured 25 percent of its total new business revenue goal for the entire year. As revenues grow, so to does the number of employees. By the end of 2010, CMSS expects to add 77 new staff employees to support its global operations.

Critical Mission Support Services (CMSS) is a global “turn-key” service provider dedicated to delivering world-class solutions to complex projects around the globe. The company offers a wide variety of services, including construction, life support, demining, logistics/procurement, security and IT communications.