ALM acquires assets of Real Estate Media, Inc.ALM (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 ), formerly American Lawyer Media ALM (formerly American Lawyer Media), is a leading integrated media company, focused on the legal and real estate communities. ALM owns and publishes 33 national and regional magazines and newspapers focused on the legal and real estate communities, including , has acquired the assets of Real Estate Media, Inc. (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. ; New York), a provider of commercial real estate news and information. The deal was completed in conjunction with an ALM refinancing Refinancing An extension and/or increase in amount of existing debt. . No terms were given. REM provides real estate intelligence and information for the commercial real estate industry, including brokers, developers, lenders, managers, real estate lawyers, corporate executives and financiers, in print, online and through seminars and conferences. The company publisher "Real Estate Forum," a monthly magazine with a paid circulation of 34,000, and three regional magazines, "Real Estate New York," "Real Estate New Jersey" and "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, ." All three are published ten times a year for paid circulations. The company's GlobeSt.com and GlobeSt.Retail web sites provide breaking news and its online newsletters, including "GlobeSt Week," each address specific commercial and real estate segments. REM acquired the Real Estate Conference Group in 2004 and produces the REM Real Share Conferences, a series of regional events targeted to commercial real estate professionals. REM will operate as an independent business unit of ALM. ALM said the purchase 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." |
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