The BIT Helping Finance $430 Million Development
June 24, 2008
Representatives of the AFL-CIO Investment Trust Corporation (ITC) and PNC Realty Investors, Inc. (PRI), made a recent site visit to the Riverhouse project currently under construction in New York's Battery Park City.
BIT Marketing Staff Participates in Coalition of Black Trade Unionists Convention
June 24, 2008
Marketing Associate Randy Kinder of the AFL-CIO Investment Trust Corporation (ITC) represented the AFL-CIO Building Investment Trust (BIT) at the 37th Annual Convention of the Coalition of Black Trade Unionists (CBTU) recently held in St. Louis.
BIT Sells the Executive Building in Washington, DC
June 13, 2008
The BIT and its joint venture partner recently closed on the sale of a downtown Washington, DC, office property known as the Executive Building, resulting in a Trust holding period internal rate of return of 18.2%.
ITC's Molofsky Wins 2008 Groat Award from Cornell's School of Industrial and Labor Relations
April 30, 2008
Robert Molofsky, Vice President and Special Counsel of the AFL-CIO Investment Trust Corporation (ITC), was honored with the Groat Award from Cornell University's School of Industrial and Labor Relations (ILR).
ITC Staff Participate in National Labor Conferences in Washington, DC
April 25, 2008
Members of the ITC marketing and labor relations staff had an opportunity to meet with many BIT investors and representatives of the pension investment community at two national labor conferences held in Washington, DC, in April.
BIT Helping Finance $222 Million Ritchie Station Marketplace Project
Work on New Retail Development Expected to Generate Approximately 1,600 Union Jobs
April 2, 2008
The BIT has committed $53 million in equity capital for the $222 million development project known as Ritchie Station Marketplace. This 996,000-square-foot retail center is to be built in the Capitol Heights neighborhood of Prince George’s County, Maryland, just outside of Washington, DC.
BIT Expands Foothold in Desirable West Coast Markets
March 28, 2008
The BIT expanded its foothold in the highly desirable San Francisco office market by purchasing a 49% interest in the downtown property known as 199 Fremont.
BIT Participants Approve PNC Bank as New Trustee
Continuity in Management Team; Expanded Financial Capacity
January 17, 2008
Participants in the AFL-CIO Building Investment Trust overwhelmingly approved the appointment of PNC Bank, National Association (PNC Bank) as the BIT's new Trustee.
