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SANFORD, FL-A new appointee of the five-person board confirms she accepted a $200 Christmas bonus from HUD funds earmarked for tenants' services because other members did likewise.
NEW YORK CITY-The long-awaited lease deal between Bloomberg and Vornado Realty Trust at one of the most infamous development sites--the former Alexander's location--in the city has finally happened. Bloomberg has finally entered into an agreement.
TUCSON-Westcor Partners is slashing 70,000 sf from its 310,000-sf La Encantada. In return, the retail developer wants Pima County to pay $2 million for unused land. Still, the controversy simmers with pending legal challenges and appeals.
LOS ANGELES-Writers and producers meet today in last-ditch effort to reach new contract before current agreement expires at midnight. Mayor Riordan says strikes by writers and actors could cost LA alone $6.9 billion and nearly 82,000 jobs, but other experts predict even more staggering losses.
MEMPHIS, TN-Mid-American Apartment communities, a medium-range apartment REIT with 15 properties in North and South Carolina, is paying a dividend of 19 cents per share on its series A cumulative preferred stock and a full-month dividen of 18 cents per share on its series B cumulative preferred.
ORLANDO-Mythlandia Inc. of Ruskington, England bought a 7,170-sf building in Kissimmee, FL from Osceola Mental Health Inc. for $490,000 or $68.34 per sf. Kissimmee is 20 miles south of Downtown Orlando.
NEW YORK CITY-News coverage begins today in London while columnists treating personnel concerns, corporate real estate issues and national legislation bring greater breadth to GlobeSt.com's editorial lineup.
HOUSTON-The 567,000-sf WiredZone holding at 5959 Corporate Dr. is a forerunner of the firm's up and coming projects. WiredZone is looking to add three million sf to five million sf this year.
NEW YORK CITY-The Dow Jones closed up 0.2% year to date while the S&P 500 is down 5.7% and the Nasdaq by 17.1%. The RMS rose 1.7% for the same period.