real estate investing

RE/MAX promotes Abu Dhabi Projects through 120000 Real Estate ...

RE/MAX Silver Start Property Management Company, duly registered in the UAE Ministry of Economy, and the authorized local agent for RE/MAX International, announced it is seeking to open new horizons in the real estate industry in the emirate of Abu Dhabi. It is not only planning to attract local and foreign investors, but also to use its global network of 120,000 agents in 7000 real estate agencies and offices in over 68 countries, to market Abu Dhabi projects globally. The network will also identify attractive real estate opportunities worldwide for its clients within the UAE.

The company has signed contracts with real estate giants like Tameer, DAMAC, Hydra and High Rise, whereby it can sell or lease residential and commercial properties for these companies in Abu Dhabi, and to market such properties inside and outside the UAE, a company press release said lately.

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ING plans to add 130 jobs at DM offices

ING plans to hire 130 people in Des Moines to fill vacancies and staff a securities management business that it is moving here from California.

The Dutch-based insurance and financial services company is moving most of the brokerage operations of ING Advisors Network from El Segundo, Calif., to Des Moines. That will create 70 jobs at ING's downtown Des Moines headquarters.

Most of the management jobs will pay up to $65,000, and other jobs will pay $25,000 to $35,000.

Chris Welp, manager of the Des Moines operations of ING, said the company is focusing on the city because it has a work force available that is trained in insurance and financial services. ING also has in place in Des Moines technology that will be used to support the relocated California operations.

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Venture capitalists seek regional opportunities

The Ohio-Midwest Fund has invested $40 million in Ohio companies that has impacted 1,375 jobs in the state through venture capital investments.

However, none of that capital was invested in Toledo, but the Ohio-Midwest Fund is currently exploring opportunities in Toledo, said Mel Carter, in-state investment specialist for Credit Suisse's Customized Fund Investment Group, which manages the Ohio-Midwest Fund.

We want to bring this capital to Toledo and the university, said Steven Weathers, president and CEO of the Regional Growth Partnership.

The Ohio-Midwest Fund is the $51 million regional investment program of the Ohio Public Employees Retirement System. The fund is invested in eight private equity funds, all of which have strong ties to Ohio, but none directly to Toledo.

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P'ville board demands law firm name sources for report

PLEASANTVILLE 鈥?The Board of Education will pay a law firm for an internal investigation into insurance contracts, despite voting not to, the board president said Monday. But first, the firm must name its informants.

鈥淭hey will not be paid until those persons are identified," said President James Pressley, who is portrayed negatively in the report.

The board passed a resolution in March agreeing to pay DeCotiis, Fitzpatrick, Cole & Wisler no more than $50,000 for the investigation. An initial report dated April 4 alleged multiple violations of state law involving board members and district contractors. It also said two people claimed they were threatened with violence if they told investigators what they know.

But at the reorganization meeting April 24, the newly sworn in board opted not to pay the $28,704.10 bill.