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Wednesday, July 09, 2008 ( change date )
Lincoln Property buys West Valley distribution park for $35M
Lincoln Property Co. has purchased a large distribution hub in the west Valley for $35 million.
bizjournals Wednesday, July 09, 2008Soothing Words for Fannie, Freddie
Future accounting rules are unlikely to require Fannie and Freddie to hold more capital, their regulator said. Shares of both rose over 11%.
Real Estate Journal Wednesday, July 09, 2008IndyMac Sheds Retail Mortgage Branches
IndyMac began dismantling most of its business amid heavy losses from mortgage defaults. Shares fell 38%.
Real Estate Journal Wednesday, July 09, 2008Abu Dhabi Fund in NYC Deal
An Abu Dhabi sovereign wealth fund has purchased a majority stake in the Chrysler Building, one of New York's most iconic skyscrapers.
Real Estate Journal Wednesday, July 09, 2008Industrial office building sold for $3.25M
Colorado & Santa Fe Real Estate of Broomfield has sold a commercial building in the Inverness office park in Englewood for $3.25 million.
bizjournals Wednesday, July 09, 2008BofA CEO: Economy to begin turnaround in mid-2009
Bank of America Corp.’s chief executive Ken Lewis expects the U.S. economy to gradually begin to recover by the middle of next year. (BAC)
bizjournals Wednesday, July 09, 2008D.C. region continues to add jobs, residents
New construction and job growth have continued to chug along in the Washington area, but developers are shying away from Metro stations compared to years past.
bizjournals Wednesday, July 09, 2008Judicial Watch: Judicial Watch Files Senate, FEC Complaints Against Barack Obama Over Questionable Mortgage Loan
WASHINGTON, DC (MARKET WIRE) Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it has filed separate complaints with the Federal Election Commission (FEC) and the U.S. Senate Ethics Committee against Senator Barack Obama for allegedly accepting a below-market rate mortgage loan in 2005 not available to the general consumer.
Marketwire.com Wednesday, July 09, 2008How 1 Property Sank Savings of 35 Investors
While the loss of a tenant can prove disastrous for a sole landlord in a real-estate deal, the experience of multiple investors in a Phoenix bottling plant shows that the headaches can be magnified if something goes awry in a tenant-in-common structure.
Real Estate Journal Wednesday, July 09, 2008
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