Big winners emerge when commercial property values fall
The consultant, Pearson's, recently reduced that value to $100.1 million â€“ a reduction that will save the company about $870,000 a year in property taxes.
Select Income REIT Announces Prorated Common Dividend
Select Income REIT today announced a prorated common share distribution of $0.3444 per common share for the period from and including January 29, 2015 through March 31, 2015.
China calls for concerted efforts from Belarus on industrial park
Chinese Vice Premier Zhang Gaoli said on Monday that China and Belarus should achieve substantial progress on the development of an joint venture industrial park as soon as possible.
Commercial real estate deals in Western New York overcome winter chills
The pace of commercial real estate deal-making in the Buffalo Niagara region this winter slowed from last yearâ€™s boom season, as even a flurry of activity last month â€“ driven mostly by one mega-deal â€“ wasnâ€™t enough to overcome the deep freeze that Februaryâ€™s snow and temperatures seemed to impose on the market.
Big Q1 for U.S. REITs
The FTSE NAREIT All REITs Index had a total return of 4.05% in Q1, more than quadruple the S&P 500's 0.95% total return. The dividend yields of REITs remain nicely higher at quarter's end than the broader market, averaging 3.80% vs. the S&P 500's 2.02%.