Real estate industry
Getty Realty Corp.'s shares dropped sharply on the New York Stock Exchange following an announcement that its largest tenant, Lukoil Oil Co., had transferred its interest in Getty Petroleum Marketing Inc. to a new management. The news has sent shockwaves through the company, which specializes in gas stations
Real estate industry
Tehane Wurdeman, a real estate professional with Century 21 All Islands, has partnered with IDX, Inc. to create a user-friendly real estate search page for potential buyers of Oahu, Hawaii properties. This innovative platform offers versatile tools and search features, making it easier for home seekers and real estate professionals
Real estate industry
Bangalore-based real estate developer firm Sattva group has made a bold entry into the Indian aerospace industry, acquiring two companies - Aero Accessories and Systems Private Limited (AASPL) and E Tech. Sattva AASPL, an approved design organization by both civil and military aviation authorities, is poised to capitalize on the
Real estate industry
Sacramento resident Iftikhar Ahmad, 40, was sentenced to 21 months in prison and three years of supervised release for his role in a mortgage fraud scheme involving the fraudulent submission of loan applications. Ahmad admitted to buying and selling properties using loan proceeds obtained through false information, and to secretly
Real estate industry
The Indian stock market, as depicted by Sensex and Nifty, showcased a healthy growth of around 18% to 20% in the last calendar year. However, this growth was not mirrored in the retail participation in Ahmedabad, where the total turnover of BSE and NSE witnessed a sharp decline of 21%
Real estate industry
Realty Income Corporation, a leading real estate investment trust (REIT) focused on providing dependable monthly income to shareholders, has declared a common stock dividend of $0.14425 per share. The dividend represents an annualized amount of $1.731 per share and will be payable on March 15, 2011, to shareholders
Real estate industry
Saudi Arabia has decided to allow expatriates living in the kingdom to purchase real estate, a move that comes as the country faces a severe housing shortage. According to Arab News, the Shoura Council has agreed to add a new article to the real estate and investment law to permit
Real estate industry
Developers Diversified Realty Corporation, a leading real estate investment trust, has announced the completion of its joint venture Sonae Sierra Brasil's initial public offering (IPO) on the Sao Paulo Stock Exchange. The IPO was a significant milestone for the company, allowing Sonae Sierra Brasil to raise R$434.
Real estate industry
Taiwan-based electronics maker Lite-On Technology Corp. has gained approval from the Investment Commission to invest US$50 million in China's real estate market, marking the largest China-bound property market investment approved by Taiwan authorities since the government lifted a ban on such investments in February 2010. The company
Real estate industry
Server Farm Realty, Inc. (SFRI) has acquired the eight-story, 443,446 SF building located in downtown Chicago at 840 S. Canal St. The property was previously used for General Electric manufacturing and later repurposed as a check-processing and backup operations site for two prominent financial institutions. SFRI plans to transform
Real estate industry
Duke Realty Corporation, a leading industrial, office, and medical office property REIT, reported solid operational and financial performance for the fourth quarter and full year 2010. The company's chairman and CEO, Dennis D. Oklak, attributed the success to a well-executed strategic plan to reposition the company's
Real estate industry
A 61-year-old Cincinnati resident, Michael R. Macke, has been charged with bankruptcy fraud, perjury, and money laundering in a 10-count indictment. The charges allege that Macke, a golf course and real estate developer, transferred approximately $471,462.70 in funds in May 2007, prior to filing bankruptcy in November 2007.
