Industry - Real Estate latest news

Predictions that half-a-million overseas visitors would attend the Olympics accelerated a surge of hotel construction in China. But all that building may have produced a glut of rooms in one of the world's prized hotel markets.

Dallas-based Trivest Partners LP sold 5209 Bryant Irvin Road, also known as Cameron Creek, to the Bascom Group LLC for $21.3 million, or about $47,758 per unit. Cameron Creek, a 37-building apartment complex, has 446 units was 89% leased at the time...

TORONTO, ONTARIO (MARKET WIRE) Allied Properties REIT (TSX: AP.UN) will hold a conference call and live audio webcast at 10:00 a.m. (ET) on Friday, August 8, 2008, to discuss financial results for the quarter ended June 30, 2008. The financial results will be released on Thursday, August 7, 2008.

Steel fabricator Alamillo Rebar Inc. has expanded by 17,000 square feet at Mare Island near Vallejo, its second expansion in two years.

TORONTO, ONTARIO (MARKET WIRE) Allied Properties REIT (TSX: AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.11 per unit for the month of July, 2008, representing $1.32 per unit on an annualized basis. The distribution will be payable on August 15, 2008, to unitholders of record as at July 31, 2008. The REIT has 31,054,412 units issued and outstanding.

Eagle Oil & Gas Co. has signed a lease to occupy 11,433 square feet inside The Berkshire at Preston Center, a Class A office building located at Northwest Highway and the Tollway.

Tenet Healthcare Corp. will move into Fountain Place in downtown Dallas, according to real estate sources familiar with the deal. (THC)

The city of Portland's design Review Commission this week approved the design for One Waterfront, a long-awaited office tower being jointly developed by Jim Winkler and Bob Naito.