ALM Acquires Real Estate Media, Leading Provider of News and Information to Commercial Real Estate Sector.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- ALM, a leading media company serving legal and business professionals, today announced that it has acquired the assets of Real Estate Media, Inc., a leading provider of commercial real estate news and information. The transaction was completed in conjunction with the successful refinancing Refinancing An extension and/or increase in amount of existing debt. also announced today by ALM. Both companies are privately held and terms of the acquisition were not disclosed. Real Estate Media (REM (REMarks) A programming language statement used for documentation. Rem statements are not executed by the compiler. They are created for people to read. Rem is also used in DOS batch files for comments as well as for disabling instructions. ) is recognized as a leading provider of intelligence for the commercial real estate industry, in print, in person and online. In addition to the award-winning Adj. 1. award-winning - having received awards; "this award-winning bridge spans a distance of five miles" Real Estate Forum magazine, REM publishes Real Estate Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , Real Estate New York and Real Estate New Jersey. The company's GlobeSt.com and GlobeSt.Retail Web sites provide up-to-the-minute up-to-the-min·ute adj. Constituting or including the very latest information: an up-to-the-minute news bulletin. up-to-the-minute Adjective coverage of breaking industry news for brokers, developers, lenders, managers, real estate lawyers, corporate executives and financiers. Other REM online publications include GlobeSt. Week and newsletters that address specific commercial real estate segments. REM produces the RealShare conferences, a series of regional events targeted to commercial real estate professionals, in locations throughout the U.S, and acquired the California-based Real Estate Conference Group in 2004. REM is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . "The acquisition of REM, following our purchase of Canada's Insight Information, is consistent with our announced plans to extend the ALM brand to serve professionals in a variety of adjacent business sectors and geographies," said William William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack Pollak, president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ALM. "With our new capital structure in place, ALM will continue to broaden its customer base beyond the legal community to new professional markets that share the need for timely, quality information and a highly loyal customer base. REM is an acknowledged leader in the commercial real estate sector, an area of high business activity for the legal profession, with strong overlaps in information needs." REM will operate as an independent business unit of ALM. Jonathan A. Schein, a founder of REM's predecessor company in 1986 and president of the group since 1999, will continue to direct the unit, as president of the Real Estate Media Division of ALM. "We're extremely pleased that REM has joined ALM's growing family of distinguished professional media and information providers," said Schein. "In addition to providing access to the critical legal marketplace, REM will gain expanded resources, as well the ability to tap into ALM's expertise in many related areas, such as conference management, online and database publishing Using desktop publishing to produce reports of database contents. See desktop publishing. ." Headquartered in New York City, ALM is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 39 national and regional magazines and newspapers, including The American Lawyer(R), Corporate Counsel(R), The National Law Journal(R) and Real Estate Forum(R). ALM's Law.com(R) is the Web's leading legal news and information network, while ALM's GlobeSt.com is the Web's leading information source for commercial real estate professionals. Other ALM businesses include book and newsletter publishing, court verdict and settlement reporting, production of professional trade shows, conferences and educational seminars, market research and content distribution. ALM was formed by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP. More information on ALM's businesses and services is available on the Web at www.alm.com. |
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