There are two enthralling recent developments in the ongoing saga surrounding The St. Joe Company (JOE). As we've detailed before, Bruce Berkowitz's Fairholme fund is long JOE. David Einhorn's hedge fund Greenlight Capital has taken the other side of the trade and is short JOE. Recently, rumors surged that St. Joe could be taken private which caused shares to jump 15% over the past few days. The company refused to comment on such rumors, citing company policy. We originally posted Einhorn's short thesis on JOE in which he laid out a bear case where the company could be worth $7-10 per share if it were converted into a rural land company. When Einhorn made his bearish presentation at the Value Investing Congress, his speech caused shares to plummet. Recently, shares have staged a slight comeback due to recent takeover rumors. Einhorn addressed this concern in a recent interview with Bloomberg TV: "Well, I don’t think taking over St. Joe would make very much sense. [Read the full article]

CoreSite Realty Corporation (the Company) (NYSE:COR - News), a national provider of powerful, network-rich data centers, today announced that its Board declared a dividend of $0.13 per share of common stock and common stock equivalents for the fourth quarter of 2010.The dividend will be paid on January 14, 2011 to stockholders of record on December 31, 2010.CoreSite Realty Corporation (NYSE:COR - News) delivers powerful, network-rich data centers that optimize, secure and interconnect the mission-critical IT assets of the world(TM)s top organizations. 600+ customers, including Global 1000 enterprises, cloud providers, financial firms, and Government agencies, choose CoreSite for reliability, service and expertise in delivering customized, flexible data center solutions. [Read the full article]

Bluegreen Corporation (NYSE:BXG - News), a leading provider of Colorful Places to Live and Play(R), announced today that on December 17, 2010 it completed a private offering and sale of $107.6 million of investment-grade, timeshare loan-backed securities (the "2010-A Term Securitization"). The 2010-A Term Securitization issued $88.0 million of A rated and $19.6 million of BBB rated timeshare-loan backed notes with coupons of 5.1% and 7.5%, respectively, which blended to a weighted average coupon of 5.5%. The advance rate for this transaction was 85.25%. BB&T Capital Markets acted as the sole placement agent and initial purchaser.The amount of the receivables sold totaled $126.2 million, substantially all of which was provided at closing. [Read the full article]

Bluegreen Corporation (NYSE:BXG - News), a leading provider of Colorful Places to Live and Play(R), announced today that it has both increased the limit of and extended the revolving advance period under its existing timeshare receivables purchase facility with Branch Banking and Trust Company (BB&T).On September 7, 2010, Bluegreen announced that it had extended by one year, through August 31, 2011, the revolving advance period under its existing timeshare receivables purchase facility with BB&T. This facility allowed for the sale of notes receivable for a cumulative purchase price of up to $125 million on a revolving, non-recourse basis, pursuant to the terms of the facility and subject to certain conditions precedent. [Read the full article]