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Beaten-down REITs continue to slash dividends (Market Watch)
Real estate stocks have been flattened this year on fears of a protracted economic slowdown and more job losses. Adding to investors’ pain, many companies have been forced to cut dividends to conserve cash with capital markets virtually closed to them.
Brush fire rages out of control, burns buildings (NWAnews.com)
Firefighters from six area agencies battled a brush fire that consumed multiple buildings in Fayetteville on Tuesday evening. (Northwest Arkansas Times)
Briley industrial park targeting distribution firms (BizJournals)
Developers of an industrial park off Briley Parkway are hoping cash in on shipping connections.
The Hampshire Generational Fund Acquires 91,388-Square-Foot Industrial Building in Mahwah, NJ (PRWeb via Yahoo! News)
The Hampshire Companies, has acquired a 91,388-square-foot industrial flex building located within Mahwah Technical Park II at 10 Industrial Avenue in Mahwah, N.J. from EWE Warehouse Investments.
Director says new DSS office space will steamline help (The Shelby Star)
SHELBY - Karen Ellis is sworn in and ready to rock.As director of the Cleveland County Department of Social Services, Ellis now leads 210 employees.
First Asset REIT Income Fund: Press Release (CCNMatthews via Yahoo! Finance)
TORONTO, ONTARIO-- - First Asset REIT Income Fund announces a distribution of $0.05 per Unit for the month ending November 30, 2008. The distribution will be paid on or before December 15, 2008 to unitholders of record on November 28, 2008.
Pershing's Ackman sets new Target plan but shares fall (Reuters via Yahoo! News)
Hedge fund manager William Ackman unveiled on Wednesday his latest plan to boost Target Corp's stock price by forming a trust that owns the land under its discount stores, and then spinning off 20 percent of that trust in an initial public offering.
New business gets permit to locate in Industrial Park (The Salem News)
PEABODY and mdash; A German shipping company plans to build its East Coast headquarters in the Centennial Business Park. Schenker Inc. last week received a special permit from the City Council that will allow it to build a 44,500-square-foot warehouse and regional office headquarters in the industrial park off Route 128. The building, near 300 Jubilee Drive, will sit on land owned by Boston ...
Moody's: Commercial real estate prices rise (AP via Yahoo! Finance)
Commercial real estate prices increased in September, according to Moody's/REAL Commercial Property Price Indices, Moody's Investors Service said Wednesday.
MetLife Provides Information Regarding Its Commercial Mortgage-Backed Securities Holdings and Commercial Mortgage ... (Business Wire via Yahoo! Finance)
NEW YORK----MetLife, Inc. today issued the following information about its commercial mortgage-backed securities and commercial mortgage whole loans as of September 30, 2008. The company is providing this information in light of the increasing volatility in the CMBS indices , which is due to a number of factors, including two commercial mortgages within CMBX 5 that have been reported as likely ...