Wachovia

SANTA ANA, Calif., July 3 /PRNewswire-FirstCall/ -- Grubb & Ellis Healthcare REIT, Inc. today announced the acquisition of Medical Portfolio 2. The portfolio consists of three medical buildings in Missouri: 5551 Winghaven, 969 North Mason St. and 909 North 14th St., as well as two in Texas: 180 Bear Creek Parkway and 1722 9th Street. "Medical Portfolio 2 provides further geographic diversification and financial strength to the Grubb & Ellis Healthcare REIT portfolio," said Danny Prosky, Executive Vice President of Acquisitions for Grubb & Ellis Healthcare REIT. "Each property is leased to strong tenants, which is an excellent quality when acquiring any asset for investment purposes." 5551 Winghaven in O'Fallon, Mo., is a Class A medical office building consisting of approximately 61,000 square feet of gross leaseable area situated on approximately 4.8 acres of land. The property was built in 2001 and is located just off the US Highway ...

SANTA ANA, Calif., July 3 /PRNewswire/ -- Grubb & Ellis Healthcare REIT, Inc. today announced the acquisition of Renaissance Medical Centre, a five- story, Class A medical office building located in the Salt Lake City suburb of Bountiful, Utah. Located at 1551 S. Renaissance Drive, Renaissance Medical Centre consists of approximately 112,000 square feet of gross leaseable area. Completed in 2004, Renaissance Medical Centre was built to provide an alternative to hospital surgery in order to reduce costs and also retain patients that had previously traveled to Salt Lake County for services. The property is part of the larger Renaissance Towne Centre mixed-use development, which has plans to combine retail, entertainment, office, residential and healthcare properties in one area. Renaissance Medical Centre is approximately 88 percent leased, and is anchored by MountainWest Surgical Center, which leases approximately 30,000 square feet of the building. "Renaissance Medical Centre is ...

NEW YORK, July 3, 2008 (PRIME NEWSWIRE) -- The law firms of Avelino & Associates, P.C. (http://www.avelinolaw.com) and Napoli Bern Ripka, LLP, announced today that the firms have commenced an investigation of Wachovia's (NYSE: WB) Evergreen Ultra-Short Opportunities Fund (EUBAX). Wachovia's Evergreen Ultra-Short Opportunities Fund has dropped 20% this year as a result of heavy investments in risky mortgage-backed securities. Managers of the mutual fund failed to disclose the full extent of the risks investors were exposed to, and investors in the fund may recover the losses caused by the managers' omissions. Evergreen Investments is the money-management arm ...

StreetInsider.com Notable Mergers and Acquisitions of the Day:

Penn National Gaming, Inc. (Nasdaq: PENN) confirmed that it has entered into an agreement with Fortress Investment Group LLC (NYSE: FIG) and Centerbridge Partners, L.P. to terminate the proposed merger agreement whereby Penn National Gaming was to be acquired ...

Penn National Gaming, Inc. (Nasdaq: PENN) confirmed that it has entered into an agreement with Fortress Investment Group LLC (NYSE: FIG) and Centerbridge Partners, L.P. to terminate the proposed merger agreement whereby ...