Real estate industry
Pennsylvania Real Estate Investment Trust (NYSE: PEI) has declared a quarterly cash dividend of $0.57 per common share, marking the company's 117th consecutive distribution since its initial dividend in August 1962. The dividend will be paid on June 15, 2006, to common shareholders of record on June
Real estate industry
Getty Realty Corp., the largest publicly-traded real estate investment trust in the United States, has announced several key developments. At the company's Board of Directors meeting, a quarterly Common Stock dividend of $0.455 per share was declared, payable on July 13, 2006 to holders of record on
Real estate industry
MapInfo Corporation has announced a partnership with Pep Boys, the nation's leading full-service automotive aftermarket chain, to utilize MapInfo's location intelligence solutions. The partnership aims to help Pep Boys optimize its strategic site selection and market deployment initiatives by providing tailored research, services, and software. This
Real estate industry
Keen Realty, LLC has been retained by Off Main Furniture, Inc. to market and assist with the disposition of the company's retail leasehold interests in Florida. The sale involves four prime retail sites, located in Coral Springs, Deerfield Beach, Palm Beach Gardens, and Wellington, with a total square
Real estate industry
Vestin Realty Mortgage II, created from a mortgage loan fund, has seen a 2.3% rebound on Tuesday from its first day of trading on the Nasdaq National Market, where it had suffered a sell-off. The company's decision to convert the fund into a real estate investment trust
Real estate industry
Arab banks have become increasingly exposed to the turmoil in the region's real estate and equity markets, putting their profitability and capital at risk. The collapse of these markets could have a devastating impact on the banks' capital bases, profitability, and asset quality, potentially leading to a
Real estate industry
In a unique initiative, Fran Inman, senior vice president of Majestic Realty Co. and president of the Majestic Realty Foundation, dedicated her day to fighting childhood obesity by teaching students from three Baldwin Park Elementary Schools how to prepare healthy snacks. Inman helped fourth-grade students from De Anza Elementary School
Real estate industry
China's real estate industry is devouring an increasingly larger share of the country's capital, drawing the attention of the government. The People's Bank of China has expressed concern that the real estate financing sector is unduly influencing the overall health of the financial sector.
Real estate industry
Duke Realty Corporation, a leading real estate company, announced significant developments and acquisitions worth $1.1 billion for the first quarter of 2006. The company's new developments and acquisitions include $914.3 million of previously announced acquisitions, $70.5 million of held-for-rental developments with an average stabilized yield
Real estate industry
Las Vegas is witnessing a rapid transformation with numerous developments and transformations taking place in the real estate sector. From new office projects to luxury condo towers, the city is experiencing a significant boom. Shea Commercial, a Scottsdale-based developer, has broken ground for a $17 million office project at Tenaya
Real estate industry
The Chinese government's efforts to stabilize the real estate market have yielded positive results, according to Shen Jianzhong, head of the Housing and Real Estate Industry Department of the Ministry of Construction. At the recent China Real Estate Industry Association meeting, Shen emphasized that several ministries and commissions
Real estate industry
As the housing market experiences record gains, savvy investors are turning to tax-deferred transactions to minimize their tax liabilities. 1031 Exchange Advantage, a leading real estate transaction accommodator, has teamed up with Better Homes Realty to help investors navigate the complex world of Internal Revenue Code Section 1031 rules. This
