latest news releases from the newsroom
Collins Group LLC
Collins Group Expands Alabama Portfolio With $155M Colonial Properties Buy
BROOKLYN, New York, Dec. 29, 2006 (PRIME NEWSWIRE) -- Ari Parnes, Managing Director of Collins Group LLC, announced this week the Group's acquisition of three Alabama communities from Colonial Properties Trust (NYSE:CLP). The 2,284-unit Colonial Properties Portfolio in Birmingham and Huntsville was a boon of some $155 million. GE Capital (NYSE:GE) provided financing. New Jersey-based Lightstone Group participated as a joint venture investor.
LaSalle Line of Credit Commenced by Zanett
NEW YORK, Dec. 29, 2006 (PRIME NEWSWIRE) -- Zanett Inc. (Nasdaq:ZANE) a leading information technology (IT) consulting firm serving Fortune 500 corporations, mid-market companies, and classified government agencies involved in Homeland Defense and Homeland Security, today announced the commencement of the $10 million Line of Credit from LaSalle Bank.
Aquila Contracts Power Supply to Fill Capacity Needs
KANSAS CITY, Mo., Dec. 28, 2006 (PRIME NEWSWIRE) -- Aquila Inc. (NYSE:ILA) announced today that it has contracted power from multiple suppliers to fulfill its capacity needs for summer 2007. This move is part of the company's contingency plan following the sale of Calpine Corp.'s 580-megawatt Aries Energy Center to another bidder via an auction completed earlier this month. Aries Energy Center is a natural gas-fired power-plant in Pleasant Hill, Mo.