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NEWS AND INFORMATION

New Sgt. Jasper plan: Taller, with fewer apartments and no grocery
After incurring the wrath of many lower-peninsula residents with its initial development plan for the Sergeant Jasper apartment tower site, the Beach Company unveiled a new plan Monday that is significantly taller, has fewer apartments, includes extensive office space, and does not include a grocery store.

Fitch: Results of CEO Changes Mixed for U.S. REITs
Link to Fitch Ratings' Report: U.S. REITs: Mixed CEO Succession Planning

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. The biggest factor is the recent wave of companies, such as Medtronic Plc and Mylan NV, that have completed what’s known as an inversion, in which they move their tax address overseas. Other companies have declared ...

Sale of two Class A office buildings in Houston's Energy Corridor closed by HFF
HOUSTON, TX - April 8, 2015 - HFF announced today that it has closed the sale of Westgate II and III, two Class A office buildings in Houston`s Energy Corridor submarket that are fully leased to Wood Group ...

Keppel REIT's net property income down 12% to $34.6m in Q1
Keppel REIT reported that its net property income declined 12% on a year-on-year basis to $34.6m in the first quarter. The decline was mainly due to the expiry of rental support from its 87.5% interest in Ocean Financial Centre in January 2015, the absence of income contribution from Prudential Tower and the absence of rental support from Marina Bay Financial Centre Phase One. Keppel REIT's ...

Retail Cap Rates Hit Historic Low
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Heavy snow causes Bethel roof collapse
There was a partial roof collapse Wednesday at 13 Clarke Industrial Park in Bethel. The collapse occurred in the north end of a 95,000-square-foot building that also houses Sky Zone trampoline center.

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.

Slate Office REIT announces modifications to the Board of Trustees
Slate Office REIT announces modifications to the Board of Trustees

Franconia Real Estate Service, Inc. Wins Over 43 Million in Government Contracts While Utilizing US Federal Contractor ...
Franconia Real Estate Services, Inc. (Woodbridge, VA) has been a Verified Vendor with US Federal Contractor Registration since July 2013. Since beginning the National Marketing Campaign, Franconia Real Estate Services, Inc has been awarded 43,945,083 in government contracts, which include five government contracts from the United States Secret Service totaling $24,187,500 alone. (PRWeb April 14 ...