South Dakota’s Investment Office lost $692 million in the past budget year, but the boss still got a hefty bonus - bringing his annual salary to more than a half million dollars.
The Legislature’s Executive Board was told Monday that state investments lost 8.65 percent in the fiscal period ending June 30. The office had a [...]
New England Patriots offensive lineman Matt Light and about 20 other star athletes loaned more than $8 million to a California real estate company that teamed up with Fidelity Investments and Citigroup Inc. to invest in apartment complexes before collapsing and filing for bankruptcy protection.
Light, Toronto Blue Jays ace Roy Halladay and Los Angeles Angels [...]
Billie Redmond, CEO of Coldwell Banker Commercial TradeMark Properties has announced that Allison Mitwol has joined the firm as a real estate advisor. In this position, Mitwol will specialize in the brokerage and leasing of retail properties in the Triangle area. Mitwol completed three years of work in residential sales before transitioning to commercial leasing [...]
Back in the 1980s, David Bonderman was the chief dealmaker for Robert Bass, a Texan billionaire. He helped to structure the $550 million buyout of American Savings and Loan Association of California, which was caught in the S&L morass. It was a complex deal, requiring lots of negotiations with federal regulators. But it ultimately turned [...]
InStorage Real Estate Investment Trust (TSX: IS.UN) announced today that Alay Shah Finance Investment, the REIT’s Chief Financial Officer, has resigned his position effective June 4, 2008.
The Board of Trustees has appointed Robert Masaki, CA, as the REIT’s interim Chief Financial Officer. Mr. Masaki is a senior financial executive with expertise in corporate finance, financial [...]
Canadian growth shrank 0.3% in the first quarter, as a wrenching restructuring in the manufacturing sector hobbled an economy half-way in recession.
It was the first decline in annualized growth in nearly five years and the weakest in the Group of Seven, behind the United States, Britain, Europe and even Japan.
“This is a bitterly disappointing and [...]
The addition of new real estate investment products and property funds that developers are lining up are expected to exacerbate the talent crunch in real estate.
“The sector is currently hiring for front-office, back-office and operational roles. The levels are comparable to the first wave of aggressive hiring witnessed in the late nineties. We have seen [...]
The Board of Audit and Inspection has asked the government to sell 15 subsidiaries of state-run corporations including Korea Real Estate Investment Trust, Korea Housing Management, Korea Asset Investment Trust, Ansan Urban Development Institute and Korea Enterprise Data to private firms.
It is also calling for the restructure of seven subsidiaries of state-run corporations and the [...]
(For Shanghai stock market reports, click [.SS])
(Updates to close)
By Rita Chang
HONG KONG, March 20 (Reuters) - Hong Kong stocks slid on
Thursday as Wall Street losses prompted investors to pocket the
previous session’s sharp gains, while resource stocks suffered
from a broad-based sell-off in commodities.
PetroChina Co Ltd (0857.HK: Quote, [...]
By Dominic Lau
LONDON, March 28 (Reuters) - Britain’s FTSE 100 .FTSE
index ended lower on Friday as banks and oil shares weighed,
although Enterprise Inns (ETI.L: Quote, Profile, Research) jumped on hopes of becoming a
low-tax real estate investment trust.
The blue-chip FTSE 100 index closed down 24.6 points, or 0.4
percent, at [...]
