Bimini Capital Posts Operating Profit

Written By Carl Cronan
VERO BEACH, FL-Locally based Bimini Capital Management Inc. on Monday posted first-quarter earnings from continuing operations of $1.9 million, compared with an $800,000 loss for the same period last year. On a consolidated basis, the OTC-traded REIT reported net income of $2.2 million, up from a net loss of $5.1 million a year ago.The income gain included net interest income of $1.3 million, along with a $1.1-million realized gain on the sale of mortgage-backed securities. The company says it sold $105.5 million worth of MBS during the first three months of 2009.

Also in the first quarter, Bimini Capital estimates it incurred a loss for REIT tax purposes of $1.4 million, resulting in a cumulative tax net operating loss carryforward of $22.5 million. As of March 31, the company says, it has approximately $69.6 million of REIT tax capital loss carryforwards.

“We believe we are making significant strides to position the company for recovery,” Robert Cauley, chairman and CEO of Bimini Capital, stated in a release. He noted that the first-quarter operating profit is its first since the end of 2007.
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Atlantic Retail Properties has Net Lease with Solantic

Jupiter, Florida - Our Net Lease Properties news today comes from Jupiter. The Jupiter which is in the beautiful Palm Beach County Florida. We wanted to report that Solantic Walk-In Urgent Care Center have a net lease in Jupiter, Florida. Jupiter is a gorgeous town, with many valuable triple net lease properties, Retail Shopping Centers and Office Buildings. Recently there is a growing demand for Medical Office Buildings (MOB).

Solantic is situated in many net lease properties that have state-of-the-art clinics. Solantic strives to make it easier for Florida patients seeking immediate healthcare services like a pre-op physical, an immunization for travel abroad or sutures for a workers' comp injury. Solantic has many walk-in urgent care centers in the greater Jacksonville area. Many patients have come to believe that Solantic has affordable and convenient healthcare services operating out of Florida net lease properties.

Solantic began in June of 2001, and opened their initial Solantic urgent care center in February of 2002. Solantic is Florida’s fastest growing, physician staffed, with their convenient Medical Office Buildings and health care clinics. Solantic recently received a $100 million investment from a private equity firm. With this private equity firm's investment, Solantic does plan to net lease more than 36 clinics by the end of 2009. Solantic Walk-In Urgent Care Center reports that you do not have to wait days, or weeks for a quality doctor's appointment. Just walk-in to any Florida Solantic urgent care center and they will take good care the patient.

Atlantic Retail Properties did execute the net lease for Solantic Urgent Care. Atlantic Retail Properties exclusively represents Solantic throughout the state of Florida except for in Orlando. Atlantic Retail Properties continues to search for new freestanding net leased properties on behalf of their client, Solantic. Atlantic Retail Properties is searching for NNN Commercial Real Estate in new and existing commercial real estate markets.

Atlantic Retail Properties represents many fine Tenants for triple net lease properties available in Florida and the southeast. Some of the clients include BJ's, Burlington Coat Factory, Barnes & Noble, HH gregg, JoAnn Stores, Ethan Allen, Off Broadway Shoe, ACE Hardware, Petco, Dollar General, Pep Boys, Bike America, Family Christian Stores, Mattress Firm, TD Bank, Solantic, Leslies Swimming Pool Supplies, Energy Kitchen, and Vitamin World. Atlantic Retail Properties has great Tenants that net lease property for restaurant use that include Maggiano's, Romano's Macaroni Grill, Chili's, JuiceBlendz and Tijuana Flats.

We have investors who seek high-quality retail shopping centers, grocery-anchored centers, and triple net lease properties. Our investors are prepared to purchase your net lease properties with long-term net leases.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at Loanrise.com.

New York Life Signs a Net Lease at Class A Office Building

Fort Lauderdale, Florida - The Net Lease Properties news is regarding a significant net lease offered up in the Fort Lauderdale area of sunny South Florida. The Net Lease properties news staff wants to report of one of Broward County’s largest office net lease agreements of this present year. The Net Lease Properties agreement was properly put together with the help of Stiles Realty. This NNN Commercial Real Estate Group had a short while ago proclaimed that the New York Life Insurance Company had agreed upon a 28,230 square foot net lease.

Broward County's First Silver LEED Certified Net Leased Office Building

The newly signed net lease is in the western are of Broward County. This is a beautiful Multi-Tenant Office Building with plenty of nearby dining and shopping. The New York Life was prepared for instantaneous occupancy at the Lake Shore Plaza II in Florida. New York Life has been announced to be the signature net leased property tenant at this gorgeous Class A office building. This prime NNN Commercial Real Estate development is Sunrise's.(Broward County, Florida) First Silver LEED Certified Multi-Tenant Office Building. This location is nearby the Florida Car Insurance Company who also has Estate Planning and Florida Life Insurance quotes.

Florida NNN Commercial Real Estate Developments

The agent for Stiles Realty leasing Group represented the owner in this premier net lease property transaction. The NNN Commercial Real Estate Broker mentioned that New York Life will be able to make the move its South Florida general office from their previous net lease property location in the Cypress Creek area. The Sunrise area is being set up for Business, retail net lease properties and residential single family and condominium developments. There is not much in the way of Distressed Commercial Properties For Sale in this area.

Sawgrass Mills Outlet Mall and The Colonnade Outlets

The Sunrise Florida area has one of the largest outlet malls in the Country, the Sawgrass Mills. Sawgrass Mills Mall has premium stores such as TJ Maxx, Saks 5th Avenue, Legal Seafood, PF Chang’s and Cheesecake Factory. Now there is The Colonnade Outlets at Sawgrass which offers an completely unique collection of style defining stores such as David Yurman, Burberry’s, Coach, Movado, Neiman Marcus, and Crate & Barrel, The Net Lease Properties tenants can dine in a very sophisticated foliaged, open-air promenade.

Net Lease Properties Tenants and Agreements

The Broward County area net lease in Sunrise is a ten year net lease. This net lease agreement has a move in date that New York Life can start coming in for the month of August. This net lease property agreement allows New York life to take the entire floor, with an agreement for plus additional space, using their 130,000 square feet in the fantastic Sunrise Commercial Property. It appears that Cushman & Wakefield’s Commercial Real Estate Broker represented New York Life in this net lease property business deal.

Unsecured $372M Federal Realty Loan

By: Tonie Auer, Contributing Correspondent/CPN Online
Despite credit still playing hard-to-get, several REITs have recently managed to get their hands on sizable financing deals. The latest firm to add its name to the list of firms receiving funding is Federal Realty Investment Trust, which just closed a new $372 million unsecured term loan facility.
Less than two weeks ago, CPN reported that H&R Real Estate Investment Trust secured C$425 million in financing to complete construction of a 58-story office tower in Downtown Calgary, Canada. The 42-month financing was provided by a syndicate of lenders led by RBC Capital Markets and TD Securities.
Wachovia Securities and PNC Bank N.A. acted as lead arrangers for the loan. J.P. Morgan Chase Bank N.A., Regions Bank and SunTrust Bank acted as co-documentation agents. Bank of America N.A., Royal Bank of Canada, Chevy Chase Bank, F.S.B., Citicorp North America Inc., Comerica Bank and Raymond James Bank F.S.B. are all lenders for the transaction.
What makes the Federal Realty deal unique is the unsecured terms. For many real estate companies these days, secured financing is the most--if not only--viable route for obtaining loans. "The market for senior unsecured debt financing has been generally unavailable to REITs during 2008," Liberty noted in its annual report.
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NHL Florida Panthers Owners propose development project

Sunrise, Florida - Our Net Lease Properties news jumps into the west Broward County of Florida. A large Commercial Real Estate Development project is being planned. Residential, Retail, Hotel and Office Space is proposed for the surrounding area of the BankAtlantic Center in Sunrise. The start of the Commercial Real Estate Development would be 4,800 residential units. To service the residential owners, the plan calls for 950,000 square feet of retail space for triple net lease properties. Also the City of OZ would be able to accommodate plenty of Tourists with 1,450 hotel rooms to built in this Commercial Real Estate Development. The Commercial Real Estate Development is projected to allow 1.85 million square feet of office space to be leased and a Broadway-style theater. The Broadway-style theater would be more than three times the size of the Broward Center for Performing Arts.

This commercial real estate development, that owners of the Florida Panthers hockey franchise are now proposing, will be named “Oz“. The plan is use the 139 acres that surround the BankAtlantic Center in Sunrise.

The Hockey Teams' parent company, Sunrise Sports & Entertainment (SSE), are talking about details of the Commercial Real Estate Development plan. Team owners have been meeting with local Florida government officials to view their level of acceptance for the entertainment and the much anticipated commercial district.

The City of Oz with it’s dynamic stature will be a great place to lure new Fortune 500 companies. According to the City of Oz Web site, the project would create an estimated 13,478 total new jobs in South Florida with a $226 million annual payroll at the job site.

The nearby Sawgrass International Corporate Park houses about 4 million square feet of commercial space on 612 acres. An example of available net lease properties is a building that is a tilt wall concrete construction. The net leased property has a steel bar joist roof system with 3,213 square feet of NEW office space that was just completed. These types of Mixed-use commercial properties accommodate Tenants who need clear height in a warehouse that is 24'. There are 9 dock doors available and full fire sprinkler protection in many of the mixed-use net lease properties in the Sawgrass International Corporate Park. The Sawgrass International Corporate Park has excellent access to I-595, the Sawgrass Expressway, and I-75 for Ft. Lauderdale and Hollywood Florida traffic. A NNN Commercial Real Estate Development benefits greatly with this type of daily retail traffic.

NNN commercial real estate investing can be extremely rewarding, financially and personally, so if you are searching for your triple net lease properties, Search Net Lease Properties now.

Here are some net lease properties that may be available:

Aaron Rents Net Lease Properties
Bimbo Bakery Distribution Centers
FedEx Freight Distribution Centers
Flowers Foods Net Lease Properties
Best Buy Net Lease Properties
Big 5 Sporting Goods Net Lease Properties
Burger King Net Lease Properties
CVS Pharmacy Net Lease Properties
Dollar General Net Lease Properties
Haverty's Net Lease Properties
Ingle's Net Lease Properties
Jack in the Box Net Lease Properties
PetSmart Inc. Net Lease Properties
Tractor Supply Co. Net Lease Properties
U.S. Bank Net Lease Properties

If you need financing for Commercial Real Estate or Investment Property financing, you can apply for Commercial Loans at Loanrise.com.


Submitted by: K. Kilwin for "NNN Commercial Real Estate"

Florida Atlantic University’s MacArthur Campus in Jupiter

Denver, Colorado - Our Triple Net Lease Properties news is from Jupiter, Florida and the complete opposite, Denver, Colorado. We found that a joint partnership (JV) of Weitz and DPR was responsible for building the 350,000 square-foot Scripps Florida campus. This commercial real estate development is adjacent to the Max Planck Florida site. Construction of this commercial real estate project is expected to begin next spring, and is scheduled for completion by fall 2011.

This Commercial Property will be situated in a growing area of Florida. Research at the Max Planck Florida Institute will focus on bioimaging. The institute plans to collaborate with Scripps Florida on health-oriented research applications.

The nonprofit German research group signed a deal to receive $188 million from the state and also Palm Beach County. They hope that it will boost Florida’s biotechnology industry and create jobs to stimulate the economy. The institute conducted a national search for firms to lead the construction of its facility.

Weitz is a national general contractor, design-builder and construction manager with 25 offices in the U.S. and Guam. Weitz also has South Florida offices in West Palm Beach (Palm Beach County) and Hollywood (Broward County). Also these areas can be options if you are looking for a 1031 Exchange replacement property.

DPR Construction is a national commercial general contractor with 15 offices around the country, including one that opened last year in West Palm Beach.

Now we go to Denver for their latest NNN Commercial Real Estate news. This is recent news regarding The Weitz Company is a commercial real estate development in Denver, Colorado. They are involved with the construction of the 385 Interlocken Office Building. This commercial property will be known as Central Park Tower. Central Park Tower owners are Franklin Street Properties (FSP) which is a commercial real estate investment trust. Also involved in this prominent commercial real estate property are project partners Prime West, a Denver based commercial real estate development company; Gensler, a global architecture, design, planning and consulting firm. The Weitz Company's involvement is as a national general contractor.

These commercial real estate developers broke ground on the newest addition to the Interlocken Business Park. Central Park Tower will be a highly desired address within this most prestigious business park in Colorado. This Investment Property, Central Park Tower will be the fourth building for the design, development and construction trio in the Broomfield area. This commercial real estate project will be 11 stories when completed and contain 305,000 square feet. One of the aspects that makes this new development standout is it will be the first to offer a gold LEED status. This Investment Property will also offer covered parking for Tenants, unparalleled on-site amenities, with spectacular mountain and golf course views.

NNN commercial real estate investing can be extremely rewarding, financially and personally, so if you are searching for your triple net lease properties, Search Net Lease Properties now.

If you need financing for Commercial Real Estate or Investment Property financing, you can apply for Commercial Loans at Loanrise.com.

Two Commercial Real Estate Firms Merge

West Palm Beach, Florida - Our Triple Net Lease Properties information today is on a merger. We noticed that Walters Gottlieb/Partners and Compass Realty Cos. have said that they will combine their commercial real estate businesses to create WGCompass Realty Cos.. This newly formed commercial real estate merger will commence in May of 2009.

The two commercial real estate Companies are based in West Palm Beach, which is in the center of Palm Beach County, Florida. The two commercial real estate Companies will consolidate their headquarters into a single business office location. The two commercial real estate Companies will keep commercial real estate offices in Delray Beach, Palm Beach Gardens, Naples and Stuart. These are hot areas for Triple Net Lease Investments.

Walters Gottlieb/Partners is known for its long term relationships with Phillips Point, Waterfront Clematis, One Clearlake Centre, and Golden Bear Plaza. The Golden Bear Plaza is one of Palm Beach County's most recognized and prestigious slice of NNN Commercial Real Estate. This prominent Class A Office building has beautiful Intracoastal and ocean views. The Class A Office building has plenty of parking, some covered parking also. This Commercial Real Estate Trophy Investment Property has an on-site dining club and on-site management. This Class A Office building is located just north of PGA Boulevard with easy access from Palm Beach Gardens and North Palm Beach. The Commercial Real Estate Trophy Investment Property is only minutes to I-95 and the Palm Beach County area's finest residential communities.

Compass Realty Cos. has a fantastic client list which includes Starbucks, Panera Bread and Northern Trust. The exciting, new commercial real estate company will handle tenant and agency leasing, investment sales, financial and capital services, and asset management.

Contact Net Lease Properties Site for:

Triple Net Lease Properties
Investment Property For Sale
Sale-Leaseback Transactions
NNN Ground Lease
1031 Exchange Solutions
NNN Properties
Triple Net Lease Investments

When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, and Commercial Loans at Loanrise.com.