Thursday, February 7, 2013

Lawmakers pushing for bill to create super-TIF district - Joplin Globe

Lawmakers pushing for bill to create super-TIF district - Joplin Globe

Lawmakers pushing for bill to create super-TIF district - Joplin Globe

Lawmakers pushing for bill to create super-TIF districtJoplin GlobeUnder the proposal, Joplin would derive a total of about $60 million over 23 years from the city TIF district and the super-TIF district to help finance redevelopment projects. The bill specifies that a super-TIF district could be given only if the ...

Alexandria Real Estate Equities' CEO Discusses Q4 2012 Results - Earnings ... - Seeking Alpha

Alexandria Real Estate Equities' CEO Discusses Q4 2012 Results - Earnings ...Seeking AlphaIn 2012, we completed approximately $1.1 million rentable square feet of value-added development and redevelopment projects, aggregating almost $700 million at an average GAAP yield around 8%. Approximately 60% of this was completed and delivered ...

Planning Commission approves Rotunda redevelopment design - Baltimore Sun

Baltimore SunPlanning Commission approves Rotunda redevelopment designBaltimore SunThe target date for completion of the redevelopment project is summer 2015, Bell said. The roughly $100 million mixed-use project calls for 382 apartments, 182,000 square feet of additional retail and 153,000 square feet of office space, according to a ...and more »

Council considers first phase of $1 million Jackson Square redevelopment - Oak Ridge Today

Oak Ridge TodayCouncil considers first phase of $1 million Jackson Square redevelopmentOak Ridge TodayOak Ridge City Council members on Monday will consider awarding a $150,000 contract to a company that could help in the first phase of a $1 million project to redevelop Jackson Square, the city's original town center. The contract for design services ...

Kite Realty Group Trust Reports Fourth Quarter and Full Year 2012 Results - Business Wire (press release)

Kite Realty Group Trust Reports Fourth Quarter and Full Year 2012 ResultsBusiness Wire (press release)Completed the sale of three unanchored retail projects, two commercial properties, and one parcel of land held for development during the fourth quarter, generating $20.7 million in gross proceeds. Subsequent to the end of the quarter, the Company ...and more »

Kite Realty Group Trust Reports Fourth Quarter and Full Year 2012 Results

Kite Realty Group Trust announced today operating results for the fourth quarter and full year ended December 31, 2012. Financial statements and exhibit

Fred's Says Sales Increase in January

Fred's Inc. reported Thursday that an extra week helped its revenue for January, but results were more modest by comparison to the prior year on...

Developer plans grocery store, town homes, apartments for area near 21st and N - Lincoln Journal Star

Developer plans grocery store, town homes, apartments for area near 21st and NLincoln Journal StarHoppe Brothers plans to bring a 32,000-square-foot grocery store and mixed-use housing, including apartments and row houses, to an area near 21st and N streets. The $32 million, 6.5-acre development will be known as "The Exchange at Antelope Valley." ...East Downtown Development to Include Housing, Retail and Grocery Store1011nowall 4 news articles »

Redevelopment Management Associates Creates Unprecedented $20 Million ... - PR Web (press release)

Redevelopment Management Associates Creates Unprecedented $20 Million ...PR Web (press release)In an extraordinary example of private industry stepping up to partner with a municipality to revitalize an area in need, Redevelopment Management Associates, (http://www.rma.us.com) functioning as the Pompano Beach Community Redevelopment Agency ...

Colonial Properties Trust Sells Metropolitan Midtown for $94 Million

Colonial Properties Trust , today announced the sale of Metropolitan Midtown, its mixed-use project located in Charlotte, North Carolina, for $94.4 million in cash. Colo

Brandywine Realty Trust Results for Fourth Quarter and Full Year 2012 and ... - Sacramento Bee

Brandywine Realty Trust Results for Fourth Quarter and Full Year 2012 and ...Sacramento BeeWe are continuing with the $18.5 million redevelopment of 660 West Germantown Pike, a 154,392 square foot office building located in Plymouth Meeting, Pennsylvania that we acquired vacant in the first quarter of 2012 for $9.1 million. We have funded ...Brandywine Realty (BDN) Releases Quarterly Earnings ResultsZolmaxall 5 news articles »

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At 11:40am (IST), the BSE Sensex was trading at 19640, up 1 point over the previous close. It had earlier touched a day's high of 19702 and a day's low of 19574. It opened at 19589.

Welcome to the Big Leagues: David Bistricer and the Sony Building

When Aaron Jungreis sought a buyer for the Bossert Hotel at 98 Montague Street in Brooklyn Heights last year, a long list of obstacles stacked up. The off-market deal meant potential buyers had limited access to the site. Complicated zoning meant the Board of Standards and Appeals would be thrown into the mix. And competition Read More

Acadia Realty Trust Reports Fourth Quarter and Full Year 2012 Operating Results

Acadia Realty Trust today reported operating results for the quarter and year ended December 31, 2012. All per share amounts are on a fully diluted basis.

Barnes & Noble Should Start Thinking Outside of the Big Box

"The year was 1996. That is when I co-developed the Barnes & Noble (BKS) store in my hometown of Spartanburg, South Carolina. The 25,000 square foot "big box" store had everything to offer and when the store opened customers were lined up; out the door to get a firsthand glimpse of the incredible "everything's paper" superstore. Back then, Steve Jobs had just returned from his eleven year ...

Sunday Notebook: Concourse purchased for $31.7 million

Rosemont Realty of Santa Fe, N.M., has purchased the Concourse office complex on Belfort Road for $31.7 million. The complex has 288,147 square feet of office space in the three four-story buildings along Interstate 95.

CapTrust Tower at North Hills sells for $98.4 million

A California private equity firm has acquired the 17-story CapTrust Tower in Raleigh for $98.4 million, a deal that is further evidence of how attractive the North Hills development has become to real estate investors.

Groundbreaking For $10 Million Redevelopment at Friendship Village of South ... - PR Web (press release)

Groundbreaking For $10 Million Redevelopment at Friendship Village of South ...PR Web (press release)On the heels of winning high honors for 'best places to work' in the Pittsburgh area, Friendship Village of South Hills will begin a redevelopment project to help ensure it remains one of the best places to live for area seniors. On Friday, February 8 ...

Stream Realty Opens New Offices in Washington, D.C. and Charlotte, North Carolina

DALLAS, Jan. 22, 2013 /PRNewswire/ -- Stream Realty Partners, one of the nation's fastest growing providers of commercial real estate services, announced the opening of two new offices in Washington, D.C. ...

Aussie sailing get boost with $1.3 million redevelopment plan at MHYC - Sail World

Sail WorldAussie sailing get boost with $1.3 million redevelopment plan at MHYCSail WorldKate Lundy, the Minister for Sport, announced on Sunday the $1.3 million redevelopment plan in the National Training Centre at the Middle Harbour Yacht Club with the goal to produce more Olympic and World champions in future competitions. Australia‚Äôs ...and more »

Developer plans grocery store for area near 21st and N - Lincoln Journal Star

Developer plans grocery store for area near 21st and N - Lincoln Journal Star

Developer plans grocery store for area near 21st and N - Lincoln Journal Star

Developer plans grocery store for area near 21st and NLincoln Journal StarA redevelopment agreement with the city will bring a 32,000-square foot grocery store and mixed-use housing, including apartments and row houses, to an area near 21st and N streets. The $32 million redevelopment agreement announced Thursday brings ...

NorthWest Healthcare Properties Real Estate Investment Trust announces February distribution

NorthWest Healthcare Properties Real Estate Investment Trust announces February distribution

Redevelopment Management Associates Creates Unprecedented $20 Million ... - PR Web (press release)

Redevelopment Management Associates Creates Unprecedented $20 Million ...PR Web (press release)In an extraordinary example of private industry stepping up to partner with a municipality to revitalize an area in need, Redevelopment Management Associates, (http://www.rma.us.com) functioning as the Pompano Beach Community Redevelopment Agency ...

Feb. 7, 1966: Cold weather delays construction, pushes back opening of ... - Edmonton Journal

Feb. 7, 1966: Cold weather delays construction, pushes back opening of ...Edmonton JournalThe mall has seen many changes since it was opened and SmartCentres, the mall's owners, announced in December the facility will undergo an $11-million redevelopment. The new portion of the southeast Edmonton mall, near 50th Street and 98th Avenue, ...

Alexandria Real Estate Equities, Inc. Reports Fourth Quarter and Year Ended December 31, 2012 Financial and Operating ...

PASADENA, Calif., Feb. 7, 2013 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced financial and operating results for the fourth quarter and year ended December 31, 2012.Fourth ...

2012 Operating Results And Increased 2013 Guidance Announced By National Retail Properties, Inc.

ORLANDO, Fla., Feb. 7, 2013 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2012.  ...

First Capital Realty Inc. Announces $50.0 Million Bought Deal Offering of ... - Marketwire (press release)

First Capital Realty Inc. Announces $50.0 Million Bought Deal Offering of ...Marketwire (press release)The Company currently owns interests in 175 properties, including five under ground-up development, totaling approximately 25.0 million square feet of gross leasable area and four sites in the planning stage for future retail development. Forward ...and more »

Mecca redevelopment sparks heritage concerns - CNN

Mecca redevelopment sparks heritage concernsCNNMillions of people visit Mecca and Medina annually (two million of them during the Hajj pilgrimage alone), a number that is only expected to grow rapidly in the coming years. However, one UK-based Saudi historian says what Saudi authorities are doing ...

Brandywine Realty Trust Results for Fourth Quarter and Full Year 2012 and ... - Sacramento Bee

Brandywine Realty Trust Results for Fourth Quarter and Full Year 2012 and ...Sacramento BeeWe are continuing with the $18.5 million redevelopment of 660 West Germantown Pike, a 154,392 square foot office building located in Plymouth Meeting, Pennsylvania that we acquired vacant in the first quarter of 2012 for $9.1 million. We have funded ...Brandywine Agrees to $121M Sale of Princeton PikeCoStar GroupBrandywine Realty (BDN) Releases Quarterly Earnings ResultsZolmaxall 5 news articles »

Mainzeal's rich history - National Business Review

Mainzeal's rich historyNational Business ReviewWhile it secured some large projects in recent years – Auckland's $94 million Vector Arena, the $80 million Wellington Supreme Court building and Lion's $250 million redevelopment – it wasn't enough to turn around its cashflow problem. Mainzeal still ...

BRT Realty Trust Reports First Quarter Results for December 31, 2012

BRT REALTY TRUST , a real estate investment trust that originates and holds senior mortgage loans secured by commercial and multi-family properties, owns and operates multi-family properties with joint ...

Brandywine Realty Trust Results for Fourth Quarter and Full Year 2012 and Increases Its 2013 FFO Guidance to $1.41 to ...

RADNOR, Pa., Feb. 6, 2013 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN), a real estate investment trust focused on the ownership, management and development of urban town center and suburban office ...

NorthStar Real Estate Income Trust Announces Close of Offering in July 2013

NEW YORK, Feb. 6, 2013 /PRNewswire/ -- NorthStar Real Estate Income Trust, Inc. ("NorthStar Income") announced today that its primary offering will end on or before July 19, 2013. NorthStar Income ...

Investors Real Estate Trust Announces Recent Development and Acquisition Activity

MINOT, N.D. -- Investors Real Estate Trust announced today that it has closed on a joint venture for the construction of an apartment project in Minot, North Dakota. IRET has a 51% interest in the Southgate ...

BioMed Realty Trust Reports Fourth Quarter And Full-Year 2012 Financial Results

SAN DIEGO, Feb. 5, 2013 /PRNewswire/ -- BioMed Realty Trust, Inc. (NYSE: BMR), a real estate investment trust (REIT) that delivers optimal real estate solutions for the life science industry, today announced ...

RioCan Real Estate Investment Trust Announces Conditional Agreement to Acquire Two Regional Malls in the Greater ...

RioCan Real Estate Investment Trust is pleased to announce that it has entered into a conditional agreement with Primaris Retail REIT to purchase a 50% interest in Burlington Mall in Burlington, Ontario ...

Washington Real Estate Investment Trust Appoints Paul S. Weinschenk, LEED AP as Managing Director and Vice President ...

Washington Real Estate Investment Trust announced the appointment of Paul S. Weinschenk, LEED AP, as Managing Director and Vice President – Head of Retail Divisi

Groundbreaking For $10 Million Redevelopment at Friendship Village of South ... - PR Web (press release)

Groundbreaking For $10 Million Redevelopment at Friendship Village of South ...PR Web (press release)On the heels of winning high honors for 'best places to work' in the Pittsburgh area, Friendship Village of South Hills will begin a redevelopment project to help ensure it remains one of the best places to live for area seniors. On Friday, February 8 ...

Aussie sailing get boost with $1.3 million redevelopment plan at MHYC - Sail World

Sail WorldAussie sailing get boost with $1.3 million redevelopment plan at MHYCSail WorldKate Lundy, the Minister for Sport, announced on Sunday the $1.3 million redevelopment plan in the National Training Centre at the Middle Harbour Yacht Club with the goal to produce more Olympic and World champions in future competitions. Australia‚Äôs ...and more »

Cerritos returns $10.1 million of redevelopment money to state - Long Beach Press-Telegram

Cerritos returns $10.1 million of redevelopment money to stateLong Beach Press-TelegramThe successor agency to the Cerritos Redevelopment Agency issued a check to the Los Angeles County Auditor-Controller on Dec. 20, Mayor Jim Edwards said Tuesday. The amount was $7 million less than what the state had originally demanded.and more »

Wednesday, February 6, 2013

Pinnacle executive says BR casino market bigger than thought - The Advocate

Pinnacle executive says BR casino market bigger than thought - The Advocate

Pinnacle executive says BR casino market bigger than thought - The Advocate

Pinnacle executive says BR casino market bigger than thoughtThe AdvocateThe executive who oversees Pinnacle Entertainment's four Louisiana casinos said Wednesday that the company built the L'Auberge Casino Hotel Baton Rouge because it believed the local casino market was much larger than the $13 million that the city's ...

RockHammer: Who are the key players in downtown casino bid? - Hamilton Spectator

Hamilton SpectatorRockHammer: Who are the key players in downtown casino bid?Hamilton SpectatorHere's a quick guide: Peter Mercanti. The chairman and owner of Carmen's Group, which, with its RockHammer Inc. partners, presented a $200-million bid to city council Wednesday to operate a casino, hotel and entertainment complex in downtown Hamilton.Hamilton Fact Check: Dissecting RockHammer's casino claimsCBC.caall 15 news articles »

First Industrial Realty Trust to Host Fourth Quarter and Full Year 2012 Results Conference Call

CHICAGO, Feb. 6, 2013 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading owner and operator of industrial real estate and provider of supply chain solutions, will host its fourth ...

Two Harbors Investment Corp. Reports Fourth Quarter 2012 Financial Results

Two Harbors Investment Corp. , a real estate investment trust that invests in residential mortgage-backed securities , residential mortgage loans

BRT Realty Trust Reports First Quarter Results for December 31, 2012

BRT REALTY TRUST , a real estate investment trust that originates and holds senior mortgage loans secured by commercial and multi-family properties, owns and operates multi-family properties with joint ...

Brandywine Realty Trust Results for Fourth Quarter and Full Year 2012 and Increases Its 2013 FFO Guidance to $1.41 to ...

RADNOR, Pa., Feb. 6, 2013 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN), a real estate investment trust focused on the ownership, management and development of urban town center and suburban office ...

Miami Chamber: raise hotel taxes to fund Sun Life renovation - MiamiHerald.com

MiamiHerald.comMiami Chamber: raise hotel taxes to fund Sun Life renovationMiamiHerald.comThe Greater Miami Chamber of Commerce wants to increase hotel taxes to help pay for a $400 million renovation at Sun Life Stadium. The business group's board on Wednesday endorsed the Miami Dolphins' financing plan for their home stadium, saying the ...Mayo: Just say no to $90 million Florida subsidy for Dolphins stadiumSun-Sentinel (blog)Dolphins Stadium Renovations Plans Moving ForwardThe Phinsiderall 49 news articles »

NorthStar Real Estate Income Trust Announces Close of Offering in July 2013

NEW YORK, Feb. 6, 2013 /PRNewswire/ -- NorthStar Real Estate Income Trust, Inc. ("NorthStar Income") announced today that its primary offering will end on or before July 19, 2013. NorthStar Income ...

Investors Real Estate Trust Announces Recent Development and Acquisition Activity

MINOT, N.D. -- Investors Real Estate Trust announced today that it has closed on a joint venture for the construction of an apartment project in Minot, North Dakota. IRET has a 51% interest in the Southgate ...

BioMed Realty Trust Reports Fourth Quarter And Full-Year 2012 Financial Results

SAN DIEGO, Feb. 5, 2013 /PRNewswire/ -- BioMed Realty Trust, Inc. (NYSE: BMR), a real estate investment trust (REIT) that delivers optimal real estate solutions for the life science industry, today announced ...

Chicago Hotel Unveiling $168 Million Overhaul - Meetings Focus

Chicago Hotel Unveiling $168 Million OverhaulMeetings FocusHyatt Regency Chicago, the city's largest hotel, is finally set to unveil its $168 million, property-wide renovation. Including a new lobby, revamped guestrooms, meeting spaces and an array of new and re-worked dining experiences, the hotel will ...

RioCan Real Estate Investment Trust Announces Conditional Agreement to Acquire Two Regional Malls in the Greater ...

RioCan Real Estate Investment Trust is pleased to announce that it has entered into a conditional agreement with Primaris Retail REIT to purchase a 50% interest in Burlington Mall in Burlington, Ontario ...

Great Eagle taps HSBC, Deutsche for $800 million hotel spinoff: IFR - Fox Business

Great Eagle taps HSBC, Deutsche for $800 million hotel spinoff: IFRFox BusinessHK> has mandated HSBC Plc and Deutsche Bank AG to lead a proposed $800 million initial public offering for its full-service hotel business, IFR reported on Tuesday, citing sources with knowledge of the plans. Other banks are expected to be added to the ...

Cominar Real Estate Investment Trust to Announce its Fourth Quarter and Year-End 2012 Results on March 14, 2013

Cominar Real Estate Investment Trust to Announce its Fourth Quarter and Year-End 2012 Results on March 14, 2013

Washington Real Estate Investment Trust Appoints Paul S. Weinschenk, LEED AP as Managing Director and Vice President ...

Washington Real Estate Investment Trust announced the appointment of Paul S. Weinschenk, LEED AP, as Managing Director and Vice President – Head of Retail Divisi

AEG Selling Land Near London's O2 for $450 Million Hotel Project - Bloomberg

AEG Selling Land Near London's O2 for $450 Million Hotel ProjectBloombergAnschutz Entertainment Group Inc., the world's largest owner of sports teams, agreed to sell land near London's O2 Arena to a group of investors that plan a $450 million hotel and residential project. A joint venture between Queensgate Investments Fund ...and more »

Atlanta Marriott Marquis Sold for $293 Million - Hotel News Resource

Atlanta Marriott Marquis Sold for $293 MillionHotel News ResourceHost Hotels & Resorts, Inc. (NYSE: HST) announced that on January 11 Host Hotels & Resorts, L.P. sold the 1,663-room Atlanta Marriott Marquis in Atlanta, GA for $293 million. The hotel is subject to a long-term management agreement with Marriott ...and more »

Louisville hotel industry generated nearly $355 million from tourists in 2011 - Business First of Louisville

Louisville hotel industry generated nearly $355 million from tourists in 2011Business First of LouisvilleIt's a no-brainer that tourism is important to the local hotel industry. But just how important is it? According to a recent study released by the Louisville Convention and Visitors Bureau, tourists spent nearly $355 million on lodging in 2011. Only ...and more »

Plans for $8.8-million Hotel Found Complete - Fenceviewer

Plans for $8.8-million Hotel Found CompleteFenceviewerPlans for $8.8-million Hotel Found Complete. Written by Robert Levin Thursday, January 10, 2013 at 8:59 am. font size decrease font size decrease font size increase font size increase font size; Print · E-mail. BAR HARBOR — Plans for construction of a ...

Plans altered for $22 million hotel at former auto site in Bloomfield - Tribune-Review

Plans altered for $22 million hotel at former auto site in BloomfieldTribune-ReviewChanges in the original plans for a new hotel at the former Don Allen AutoCity site in Bloomfield were outlined Tuesday at the City Planning Commission. The hotel project, estimated to cost $22 million, has been changed from the original plan described ...

Wewatta, Wynkoop Refinance Two Denver Office Buildings for $74M - Commercial Property Executive (blog)

Wewatta, Wynkoop Refinance Two Denver Office Buildings for $74M - Commercial Property Executive (blog)

Wewatta, Wynkoop Refinance Two Denver Office Buildings for $74M - Commercial Property Executive (blog)

Commercial Property Executive (blog)Wewatta, Wynkoop Refinance Two Denver Office Buildings for $74MCommercial Property Executive (blog)Connected by a sky bridge, 1400 Wewatta is a nine-story, 202,000-plus-square-foot property with ground floor retail and 1401 Wynkoop is a 10-story, 98,000-plus-square-foot office building with ground floor retail and residential condominiums on the top ...

Mayor tackles redevelopment and revitalization in State of the City speech

BARBERTON: Mayor Bill Judge recapped 2012 and emphasized projects for 2013 and years to come in his State of the City speech Tuesday night, focusing on economic development and revitalization, flood mitigation and addressing quality of life issues.

RICS Global Commercial Property Survey Q4 2012: Commercial Real Estate ... - EIN News (press release)

RICS Global Commercial Property Survey Q4 2012: Commercial Real Estate ...EIN News (press release)HONG KONG, Feb. 6, 2013 /PRNewswire/ -- Asian markets continue to outperform Europe with positive investor sentiment, says RICS( http://www.ricsasia.org ) Global Commercial Property Survey Q4 2012, published last week. The latest results of the survey ...and more »

The Bristol Post commented Bulldozers arrive to start demolishing Dolphin Square in...

MAJOR demolition work has started on Weston-super-Mare's dilapidated Dolphin Square as part of a £40 million redevelopment...

Commercial Real Estate Operations App, BE-Mobile, Launches to Record Start - PR Web (press release)

Commercial Real Estate Operations App, BE-Mobile, Launches to Record StartPR Web (press release)Founded in 2000 by an entrepreneurial team of building and facilities operations management professionals, Building Engines serves the needs of hundreds of millions of square feet of commercial, corporate, institutional and health care real estate in ...

Commercial property/casualty rates saw 5% increase in January - Business Insurance

Commercial property/casualty rates saw 5% increase in JanuaryBusiness InsuranceCommercial property/casualty insurance rates continued to climb in the new year, increasing an average of 5% in January compared with the same month a year earlier, Dallas-based electronic insurance exchange MarketScout reported Tuesday.Commercial Rates Continue Steady Climb in Q4, January; Workers' Comp Seen ...PropertyCasualty360Commercial, Personal Lines Rates Increase Across the BoardInsurance Networking Newsall 4 news articles »

Coldwell Banker Commercial Westmac Arranges $4 Million Retail Automotive to ... - PR Newswire (press release)

Coldwell Banker Commercial Westmac Arranges $4 Million Retail Automotive to ...PR Newswire (press release)Coldwell Banker Commercial WESTMAC is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.'s most recognized commercial real estate brokers Timothy C. Macker . Our firm is a full service real estate company that ...and more »

Promontory Launches Online Marketplace for Bank Assets - Commercial Property Executive (blog)

Commercial Property Executive (blog)Promontory Launches Online Marketplace for Bank AssetsCommercial Property Executive (blog)"Banks face a significant challenge today, owning nearly half a trillion dollars in unwanted assets, such as commercial real estate and nonperforming loans," Mark P. Jacobsen, Promontory's president and CEO, said in a press release. To help banks and ...and more »

Blackstone's LogiCor Expands European Portfolio with 4.3 MSF in Poland - Commercial Property Executive

Commercial Property ExecutiveBlackstone's LogiCor Expands European Portfolio with 4.3 MSF in PolandCommercial Property Executive... Europe) hub, Poland has a favorable location with steadily improving road infrastructure, supporting European supply chain," Anna Staniszewska, director, consulting and research, with global property services firm DTZ, told Commercial Property ...

Another city sues state over redevelopment funds

RANCHO CORDOVA, Calif. (AP) - Another California city is suing the state Finance Department for refusing to return former redevelopment agency funds. The Sacramento Bee ( http://bit.ly/YQde4q ) says Rancho Cordova wants to recoup more than $6 million it loaned in recent years to its former redevelopment agency.

Tucson real estate: Sales, leases - Arizona Daily Star

Tucson real estate: Sales, leasesArizona Daily Star250 AZ LLC of Tucson bought commercial property near Magee Road and La Cholla Boulevard for $4.9 million. The seller was McGee Como Development Association LLC of Tucson. The LLC also bought commercial property in Heritage Hills, near Magee ...

Joplin City Council approves first redevelopment project

A decision by the Joplin City Council authorizing a resolution of intent to move forward with the first of $806 million in tornado redevelopment projects and an agreement to provide a new $25 million building for the Joplin Public Library drew applause from supporters on Monday night and celebratory remarks by proponents.

Bill would allow charging commercial properties a bigger parcel tax - EdSource Today

EdSource TodayBill would allow charging commercial properties a bigger parcel taxEdSource TodayA newly elected assemblymember has introduced a bill that could make parcel taxes more attractive to school districts by allowing them to impose different tax rates on residential and commercial properties. The bill, AB 59, by Assemblymember Rob Bonta, ...Freshman Assemblyman Rob Bonta looks to clarify 1980s legislationBeyond Chronall 5 news articles »

King Island hospital redevelopment opened Save

THE $5 million redevelopment of the King Island Hospital and Health Centre was officially opened yesterday.

$20M O'Donnell Heights redevelopment expected to see new tenants by year end

&via=&related=DolcePixel" A $20 million redevelopment of portions of a dilapidated public housing project in southeast Baltimore is under way, with new tenants expected to begin moving in by the end of the year. &via=&related=DolcePixel"

Step nearer for £6.4m Hitchin Westmill redevelopment

A MULTI-MILLION pound redevelopment earmarked for one of the most deprived areas in North Herts has got the backing of councillors.

Commercial Property Transfers - The Courier-Journal

Commercial Property TransfersThe Courier-JournalWilliam J. Long IV, et al, to Central Bank of Jefferson County Inc., 9300 Shelbyville Road No. 100, 40222, $60,001. Rebecca A. and James Klemens to Stoneview LLC, 4104 Stoneview Drive No. 1, 40207, $60,000. Fox Run Partners LLC to Meridan ...

Groundbreaking For $10 Million Redevelopment at Friendship Village of South Hills

Enhancements at Area Community Reflect Changes Ahead in Senior Living(PRWEB) January 31, 2013 On the heels of winning high honors for 'best places to work' in the Pittsburgh area, Friendship Village of South Hills will begin a redevelopment project to help ensure it remains one of the best places to live for area seniors. On Friday, February 8, at 2 p.m., media is invited to the groundbreaking ...

Fitch Affirms Hollywood, FL's CRA Bonds at 'A-'; Outlook Stable

Fitch Ratings affirms an 'A-' rating on the following bonds of city of Hollywood, Florida's Community Redevelopment Agency's :

Cerritos returns $10.1 million of redevelopment money to state

Despite months of dispute by city officials, Cerritos has returned $10.1 million in unused redevelopment money to the state.

Tuesday, February 5, 2013

So What If David Beckham Is Donating His Salary To Charity To Avoid Paying Taxes

So What If David Beckham Is Donating His Salary To Charity To Avoid Paying Taxes

So What If David Beckham Is Donating His Salary To Charity To Avoid Paying Taxes

While subtle, the motive was suggested here just hours after David Beckham first announced he was joining Paris Saint-Germain of Ligue 1 and opting to give his entire estimated monthly €800,000 ($1 million) salary to a local children's charity. Rather than purely altruistic, it was noted such a donation shields Beckham, who plans to stay in a hotel for his 5-month contract while his family will ...

Hotel near runway could cost Broward millions

A hotel that sits at the end of the new runway at Fort Lauderdale-Hollywood International Airport is expected to cost the county millions of dollars. The new $791 million runway will stretch west and be built up and over U.S. 1. Traffic on that stretch of the road will eventually travel through tunnels underneath it.  But the eight-story, 388-room Hilton Hotel on Griffin Road must be torn down ...

Hotel near runway could cost Broward millions - Local 10

Hotel near runway could cost Broward millionsLocal 10Sources told Local 10 Broward County offered $50 million for the hotel but Hilton wants $75 million. The hotel was purchased for $26 million in 2004. Hilton offered no comment on the negotiation. QPS Marine next door to the hotel is relocating to the ...

Revenue and hotel bookings rise, but charges send Expedia's 4Q profit down 90 ... - Washington Post

San Francisco ChronicleRevenue and hotel bookings rise, but charges send Expedia's 4Q profit down 90 ...Washington PostHawaii officials are pursuing several online travel companies that they say owe the state $170 million in unpaid hotel room taxes. The officials say that excise taxes should be calculated on the full amount that consumers pay for the room, not the ...Expedia earnings rise on strong hotel businessMarketWatchUPDATE 2-Expedia posts lower profit but revenue beatsReutersExpedia Stock Up On Sales Growth, But Earnings MissInvestor's Business DailyRTT News -Travel Weeklyall 19 news articles »

Revenue and hotel bookings rise, but charges send Expedia's 4Q profit down 90 per cent

BELLEVUE, Wash. - Soaring hotel bookings pushed revenue higher at Expedia Inc., but the online travel agency's fourth-quarter profit fell 90 per cent because of money it set aside to appeal a tax dispute in Hawaii.

Hotel Near Gettysburg Teams Up With Kellogg's to Feed Hungry Kids

Breakfast is the most important meal of the day, but nearly one in five kids starts their day without it each morning. TownePlace Suites Harrisburg Hershey is teaming up with Kellogg's to help feed hungry ...

Chicago Hotel Unveiling $168 Million Overhaul - Meetings Focus

Chicago Hotel Unveiling $168 Million OverhaulMeetings FocusHyatt Regency Chicago, the city's largest hotel, is finally set to unveil its $168 million, property-wide renovation. Including a new lobby, revamped guestrooms, meeting spaces and an array of new and re-worked dining experiences, the hotel will ...

Owner challenges city's assessment of Nashua hotel's value - Nashua Telegraph

Owner challenges city's assessment of Nashua hotel's valueNashua TelegraphThe city's assessment of the hotel's fair market value, at $10.2 million for 2011, is nearly double what the hotel's property is actually worth, Margaret Nelson, an attorney for AFP, argued Tuesday. The company is challenging the assessment for the ...

Couple's new lifestyle in Port Fairy raises the bar

RUNNING a multi-million-dollar hotel is a far cry from the quiet life in Crossley that Graham Carter and partner Kathryn Waterson have been accustomed to.

Miami-Dade hotel taxes slightly below national average

The debate over a plan to raise hotel taxes to fund renovations at Sun Life Stadium has focused on whether Miami-Dade under-charges its tourists. A national study says maybe, but not by much.

Great Eagle taps HSBC, Deutsche for $800 million hotel spinoff: IFR - Chicago Tribune

Great Eagle taps HSBC, Deutsche for $800 million hotel spinoff: IFRChicago TribuneHONG KONG (Reuters) - Hong Kong property and investment company Great Eagle Holdings Ltd has mandated HSBC Plc and Deutsche Bank AG to lead a proposed $800 million initial public offering for its full-service hotel business, IFR reported on ...and more »

Great Eagle taps HSBC, Deutsche for $800 million hotel spinoff: IFR

Hong Kong property and investment company Great Eagle Holdings Ltd has mandated HSBC Plc and Deutsche Bank AG to lead a proposed $800 million initial public offering for its full-service hotel business, ...

Another hotel is planned near OSU

The owners of the Holiday Inn Express near the Ohio State University campus have plans to build a second hotel nearby.

A Million reasons to celebrate as IGT's Megabucks® Hits for a $3.2-Million Jackpot at Pala Casino Spa and Resort in ...

LAS VEGAS, Feb. 4, 2013 /PRNewswire/ -- A Southern California slot player had more than a million reasons to celebrate as the winner took home an International Game Technology (IGT) California Megabucks ...

Abu Dhabi shows rise in hotel guests

Abu Dhabi, Jan 29 (IANS/WAM) Abu Dhabi last year received over two million hotel guests, an increase of 13 percent over its 2011 performance.

AEG Selling Land Near London's O2 for $450 Million Hotel Project - Bloomberg

AEG Selling Land Near London's O2 for $450 Million Hotel ProjectBloombergAnschutz Entertainment Group Inc., the world's largest owner of sports teams, agreed to sell land near London's O2 Arena to a group of investors that plan a $450 million hotel and residential project. A joint venture between Queensgate Investments Fund ...and more »

Atlanta Marriott Marquis Sold for $293 Million - Hotel News Resource

Atlanta Marriott Marquis Sold for $293 MillionHotel News ResourceHost Hotels & Resorts, Inc. (NYSE: HST) announced that on January 11 Host Hotels & Resorts, L.P. sold the 1,663-room Atlanta Marriott Marquis in Atlanta, GA for $293 million. The hotel is subject to a long-term management agreement with Marriott ...and more »

Louisville hotel industry generated nearly $355 million from tourists in 2011 - Business First of Louisville

Louisville hotel industry generated nearly $355 million from tourists in 2011Business First of LouisvilleIt's a no-brainer that tourism is important to the local hotel industry. But just how important is it? According to a recent study released by the Louisville Convention and Visitors Bureau, tourists spent nearly $355 million on lodging in 2011. Only ...and more »

Plans for $8.8-million Hotel Found Complete - Fenceviewer

Plans for $8.8-million Hotel Found CompleteFenceviewerPlans for $8.8-million Hotel Found Complete. Written by Robert Levin Thursday, January 10, 2013 at 8:59 am. font size decrease font size decrease font size increase font size increase font size; Print · E-mail. BAR HARBOR — Plans for construction of a ...

Plans altered for $22 million hotel at former auto site in Bloomfield - Tribune-Review

Plans altered for $22 million hotel at former auto site in BloomfieldTribune-ReviewChanges in the original plans for a new hotel at the former Don Allen AutoCity site in Bloomfield were outlined Tuesday at the City Planning Commission. The hotel project, estimated to cost $22 million, has been changed from the original plan described ...

Report Identifies Risk, Helps Boston Property Owners Prepare for Sea Level Rise, Coastal Flooding

Report Identifies Risk, Helps Boston Property Owners Prepare for Sea Level Rise, Coastal Flooding

Report Identifies Risk, Helps Boston Property Owners Prepare for Sea Level Rise, Coastal Flooding

BOSTON , Feb. 5, 2013 /PRNewswire/ -- The Boston Harbor Association today released Preparing for the Rising Tide, a report detailing Boston's vulnerabilities to rising sea levels and describing how commercial ...

COMINAR REAL ESTATE INVESTMENT TRUST : Cominar to announce its ... - 4-traders (press release)

Marketwire (press release)COMINAR REAL ESTATE INVESTMENT TRUST : Cominar to announce its ...4-traders (press release)Cominar Real Estate Investment Trust to Announce its Fourth Quarter and Year-End 2012 Results on March 14, 2013 Quebec City, February 4, 2013 - Cominar Real Estate Investment Trust ("Cominar" or the "REIT") (TSX: CUF.UN) announced today that it will ...KBS Real Estate Investment Trust II Declares 13th Distribution From 2012 ...Marketwire (press release)Brazil Favors Foreign Property InvestorsNuWire InvestorGrowth Opportunities in the Industrial REIT Market -- Outlook for 2013Melodika.net (press release)all 11 news articles »

IIROC Trade Resumption - Dundee International Real Estate Investment Trust - Stockhouse

IIROC Trade Resumption - Dundee International Real Estate Investment TrustStockhouseIIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors ...and more »

RioCan Real Estate Investment Trust Announces Conditional Agreement to ... - Marketwire (press release)

Globe and MailRioCan Real Estate Investment Trust Announces Conditional Agreement to ...Marketwire (press release)5, 2013) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) is pleased to announce that it has entered into a conditional agreement with Primaris Retail REIT ("Primaris") to purchase a 50% interest in Burlington Mall in Burlington, Ontario ...UPDATE 1-Canada's H&R sweetens Primaris bid as KingSett consortium joins frayReutersCompeting bidders team to take PrimarisThe Deal PipelineThe Globe and MailGlobe and MailVictoria Times Colonistall 12 news articles »

Commercial Property: Walker Singleton secure three key lettings

DEMAND for industrial and commercial properties in the Huddersfield area remains strong, according to a local agency.

Business Columnists: Martin Thompson, of Armitage Sykes, ponders the value of the Green Deal

THE recent plunging temperatures got me thinking about the latest Government action on energy performance for commercial property.

Kirklees Business News: Apppointments: Kelly Sanderson at Eaton Smith

HUDDERSFIELD-based law firm Eaton Smith has appointed solicitor Kelly Sanderson to its commercial property department.

Commercial Property: Persimmon Homes welcomes NewBuy surge

A HOUSEBUILDER with properties in Kirklees has welcomed a new year surge in NewBuy reservations – as more people realise they can buy a home with a 5% deposit.

Commercial Property: Astra Access Safety training to launch scaffolding course

A NEW training course for would-be scaffolders is to be launched.

Pure Industrial Real Estate Trust Successfully Closes Previously Announced ... - Canada NewsWire (press release)

Pure Industrial Real Estate Trust Successfully Closes Previously Announced ...Canada NewsWire (press release)VANCOUVER, Feb. 4, 2013 /CNW/ - Pure Industrial Real Estate Trust ("PIRET") (TSX: AAR.UN) today announced the successful acquisition of a fully leased single-tenant, income producing industrial property for a purchase price of $44,100,000. The property ...and more »

Washington Real Estate Investment Trust Appoints Paul S. Weinschenk, LEED ... - Fort Mills Times

Washington Real Estate Investment Trust Appoints Paul S. Weinschenk, LEED ...Fort Mills TimesWashington Real Estate Investment Trust (WRIT) (NYSE: WRE) announced the appointment of Paul S. Weinschenk, LEED AP, as Managing Director and Vice President – Head of Retail Division. Mr. Weinschenk will oversee the growth and operations of ...and more »

Washington Real Estate Investment Trust Larger Than S&P 500 Component ... - Forbes

Washington Real Estate Investment Trust Larger Than S&P 500 Component ...ForbesMarket capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning ...and more »

Prologis Prices its Real Estate Investment Trust in Japan - PR Newswire (press release)

Prologis Prices its Real Estate Investment Trust in JapanPR Newswire (press release)SAN FRANCISCO, Feb. 4, 2013 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced the pricing of 182,350 units at a price of 550,000 Japanese yen per unit of Nippon ...and more »

Landmark service station sale and commercial property sale

A high profile service station and car yard property with more than half a century of association with the local community has been placed on the market for sale. The property in Pukekohe just south of Auckland is owned by the Howe and Weston families, ...

Wiseman: Trust, but verify -- lessons from Wallenda - Sarasota Herald-Tribune (blog)

Wiseman: Trust, but verify -- lessons from WallendaSarasota Herald-Tribune (blog)Are there lessons that community association directors can learn from Nik Wallenda's death-defying sky walk last Tuesday in downtown Sarasota? I think so. I learned some. Nik — I don't know him but did have the pleasure to see him perform at Circus ...

Real estate firm trusts cloud-based NAS in data center, remote offices - TechTarget

Real estate firm trusts cloud-based NAS in data center, remote officesTechTargetThe real estate investment trust company uses EMC Atmos as a private cloud in its Nashville, Tenn., and Denver, Colo., data centers, and Panzura's Global Cloud Storage System cloud-based NAS to enable file sharing for remote users. HR's cloud model ...and more »

Washington Real Estate Investment Trust's CEO Announces 2013 Strategic ... - Seeking Alpha

Washington Real Estate Investment Trust's CEO Announces 2013 Strategic ...Seeking AlphaWelcome to the Washington Real Estate Investment Trust 2013 Strategy Conference Call. As a reminder, today's call is being recorded. Before turning over the call to the company's President and Chief Executive Officer, Skip McKenzie, Kelly Shiflett ...

Europe Commercial Real Estate Rebounds

David Hutchings, head of European research at Cushman and Wakefield, tells CNBC that the commercial property market in Europe rebounded in Q4 driven primarily by foreign investors.

Should investors reconsider commercial property?

Commercial property funds have lost an eighth of their value over the past five years.

Nahai Insurance Services Offers Commercial Property Owners Cost-Saving Real Estate Insurance Tips & Education

Commercial property owners looking to save on real estate insurance can turn to the brokers at Nahai Insurance Services.Beverly Hills, California (PRWEB) January 28, 2013 Nahai Insurance Services, a full-service relationship-focused independent insurance brokerage and business consultancy, recognizes commercial property owners' need to find the most affordable, yet reliable real estate insurance ...

Monday, February 4, 2013

Redevelopment Group visits West Coast Hospitals

Redevelopment Group visits West Coast Hospitals

Redevelopment Group visits West Coast Hospitals

Fast tracking the rebuild of Grey Base Hospital in Greymouth is now underway with the inaugural meeting of the West Coast Hospital Redevelopment Group at the hospital last week says Health Minister Tony Ryall.

Joplin City Council approves first redevelopment project

A decision by the Joplin City Council authorizing a resolution of intent to move forward with the first of $806 million in tornado redevelopment projects and an agreement to provide a new $25 million building for the Joplin Public Library drew applause from supporters on Monday night and celebratory remarks by proponents.

Redevelopment ideas sought for historic Fort Snelling buildings

A stretch of historic Fort Snelling buildings that have sat vacant as many as 40 years in the Twin Cities might soon get a new lease on life.

Pure Industrial Real Estate Trust Successfully Closes Previously Announced ... - Canada NewsWire (press release)

Pure Industrial Real Estate Trust Successfully Closes Previously Announced ...Canada NewsWire (press release)VANCOUVER, Feb. 4, 2013 /CNW/ - Pure Industrial Real Estate Trust ("PIRET") (TSX: AAR.UN) today announced the successful acquisition of a fully leased single-tenant, income producing industrial property for a purchase price of $44,100,000. The property ...and more »

Cominar Real Estate Investment Trust to Announce its Fourth Quarter and Year ... - MENAFN.COM

Cominar Real Estate Investment Trust to Announce its Fourth Quarter and Year ...MENAFN.COM4, 2013, 2013 (Menafn - Canada NewsWire via COMTEX) --Cominar Real Estate Investment Trust ("Cominar" or the "REIT") announced today that it will release its financial results for the fourth quarter and year ended December 31, 2012 on Thursday, March ...and more »

Washington Real Estate Investment Trust Appoints Paul S. Weinschenk, LEED ... - Fort Mills Times

Washington Real Estate Investment Trust Appoints Paul S. Weinschenk, LEED ...Fort Mills TimesWashington Real Estate Investment Trust (WRIT) (NYSE: WRE) announced the appointment of Paul S. Weinschenk, LEED AP, as Managing Director and Vice President – Head of Retail Division. Mr. Weinschenk will oversee the growth and operations of ...and more »

Washington Real Estate Investment Trust Larger Than S&P 500 Component ... - Forbes

Washington Real Estate Investment Trust Larger Than S&P 500 Component ...ForbesMarket capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning ...and more »

KBS Real Estate Investment Trust II Declares 13th Distribution From 2012 ... - Marketwire (press release)

Marketwire (press release)KBS Real Estate Investment Trust II Declares 13th Distribution From 2012 ...Marketwire (press release)NEWPORT BEACH, CA--(Marketwire - Feb 4, 2013) - The KBS Real Estate Investment Trust II, Inc. (KBS REIT II) Board of Directors has authorized a special distribution of 5.4 cents1 per share of common stock to stockholders of record as of the close of ...and more »

Prologis Prices its Real Estate Investment Trust in Japan - PR Newswire (press release)

Prologis Prices its Real Estate Investment Trust in JapanPR Newswire (press release)SAN FRANCISCO, Feb. 4, 2013 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced the pricing of 182,350 units at a price of 550,000 Japanese yen per unit of Nippon ...and more »

King Island hospital redevelopment opened Save

THE $5 million redevelopment of the King Island Hospital and Health Centre was officially opened yesterday.

$20M O'Donnell Heights redevelopment expected to see new tenants by year end

&via=&related=DolcePixel" A $20 million redevelopment of portions of a dilapidated public housing project in southeast Baltimore is under way, with new tenants expected to begin moving in by the end of the year. &via=&related=DolcePixel"

Step nearer for £6.4m Hitchin Westmill redevelopment

A MULTI-MILLION pound redevelopment earmarked for one of the most deprived areas in North Herts has got the backing of councillors.

City of Longmont sets timeline with players in Twin Peaks Mall redevelopment

LONGMONT -- The redevelopment of Twin Peaks Mall is moving forward, one way or another.

Wiseman: Trust, but verify -- lessons from Wallenda - Sarasota Herald-Tribune (blog)

Wiseman: Trust, but verify -- lessons from WallendaSarasota Herald-Tribune (blog)Are there lessons that community association directors can learn from Nik Wallenda's death-defying sky walk last Tuesday in downtown Sarasota? I think so. I learned some. Nik — I don't know him but did have the pleasure to see him perform at Circus ...

Groundbreaking For $10 Million Redevelopment at Friendship Village of South Hills

Enhancements at Area Community Reflect Changes Ahead in Senior Living(PRWEB) January 31, 2013 On the heels of winning high honors for 'best places to work' in the Pittsburgh area, Friendship Village of South Hills will begin a redevelopment project to help ensure it remains one of the best places to live for area seniors. On Friday, February 8, at 2 p.m., media is invited to the groundbreaking ...

Real estate firm trusts cloud-based NAS in data center, remote offices - TechTarget

Real estate firm trusts cloud-based NAS in data center, remote officesTechTargetThe real estate investment trust company uses EMC Atmos as a private cloud in its Nashville, Tenn., and Denver, Colo., data centers, and Panzura's Global Cloud Storage System cloud-based NAS to enable file sharing for remote users. HR's cloud model ...and more »

Lightstone Value Plus Real Estate Investment Trust, Inc. Approves Net Asset ... - PYMNTS.com

Lightstone Value Plus Real Estate Investment Trust, Inc. Approves Net Asset ...PYMNTS.comLightstone Value Plus Real Estate Investment Trust, Inc. ("LVPR") – a publicly registered non-traded real estate investment trust ("REIT") – recently announced its estimated net asset value ("NAV") per share of $11.80 as of September 30, 2012, an ...and more »

Washington Real Estate Investment Trust's CEO Announces 2013 Strategic ... - Seeking Alpha

Washington Real Estate Investment Trust's CEO Announces 2013 Strategic ...Seeking AlphaWelcome to the Washington Real Estate Investment Trust 2013 Strategy Conference Call. As a reminder, today's call is being recorded. Before turning over the call to the company's President and Chief Executive Officer, Skip McKenzie, Kelly Shiflett ...

Fitch Affirms Hollywood, FL's CRA Bonds at 'A-'; Outlook Stable

Fitch Ratings affirms an 'A-' rating on the following bonds of city of Hollywood, Florida's Community Redevelopment Agency's :

Oshawa Centre to enter into new era of shopping

$230-million investment into an expansion and redevelopment project to start in summer 2013MONTREAL, Jan. 23, 2013 /CNW Telbec/ - Ivanhoé Cambridge announced today a $230-million redevelopment and expansion ...