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Washington Trust Provides $3.5 Million in Financing for Apartment Complex in Ellington, CT
WESTERLY, R.I. -- Washington Trust's Commercial Real Estate Group recently provided $3.5 million in financing to Taymil Stonebridge Portfolio, LLC, a subsidiary of Taymil Partners, to refinance and complete ...
Ten percent of S&P 500 companies avoid paying U.S. taxes
Fueled by a wave of inversions, a record 54 companies in the Standard & Poor’s 500 Index of leading U.S. firms are now at least partially exempt from the corporate income tax. Other companies have declared themselves to be real estate investment trusts, or REITs, which the Internal Revenue Service doesn’t treat as corporations. Just this year, Equinix Inc., a California company that operates ...
Former Starks building owner fought assessments before selling for $14 million
The Hertz Investment Group, a California company that owns office buildings around the country, pocketed $14.25 million this month when it sold the Starks building in downtown Louisville. Yet for the last two years, Hertz has been able to lower its annual property tax bill by insisting that the 14-story building is worth much less than that.
Goldberg Segalla law firm doubles downtown Buffalo office space
Fast-growing law firm Goldberg Segalla LLP is doubling the size of its downtown Buffalo headquarters, as it consolidates two locations in the area and continues its rapid expansion around the country.
Expect weak reports from hospitality REITs as hotel revenues dwindle
RevPAR fell 7% year-on-year. Hospitality REITs are expected to turn in weak numbers as the reporting season rolls in, fuelled by declines in overall hotel revenues.
China calls for concerted efforts from Belarus on industrial park
Chinese Vice Premier Zhang Gaoli said on Monday that China and Belarus should achieve substantial progress on the development of an joint venture industrial park as soon as possible.
Fitch: U.S. Equity REITs Continue Proactive Liquidity Management
U.S. equity REITs have been active thus far in 2015 in both the credit and equity markets, according to Fitch Ratings' latest REIT Liquidity Update. This has enabled liquidity mana
Teachers union gets free office space from broke Philly school district
While local students are forced to go without basic supplies like toilet paper and textbooks, the School District of Philadelphia is giving away hundreds of thousands of dollars of free office space each year to the local teachers union.
Slate Office REIT announces modifications to the Board of Trustees
Slate Office REIT announces modifications to the Board of Trustees
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