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Ares Management to buy real estate investor AREA Property -WSJ
ReutersMay 9 (Reuters) - Investment firm Ares Management will acquire AREA Property Partners, gaining the New York-based real estate investor's $6 billion in assets, the Wall Street Journal reported, citing people briefed on the matter. Terms of the transaction...Tags: Newspaper and Magazine, Blackstone Group, L.P., The Wall Street Journal, Real Estate, Realty
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Tax preparer charged with filing false tax return
A Hallandale Beach tax preparer has been charged with filing a false tax return on behalf of one of his clients, according to U.S. Attorney Wifredo A. Ferrer. Efrain Felipe, 41, made his first appearance in federal court in Miami on Wednesday. Felipe...Tags: Prosecution, Hallandale Beach, Fort Lauderdale
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Two midtown Manhattan buildings to sell for more than $1 billion
ReutersBy Ilaina Jonas NEW YORK, May 8 (Reuters) - Two deals to sell two prime midtown Manhattan office buildings for more than $1 billion combined were reached on Wednesday - signaling another hike in New York City's commercial property values. The pending...Tags: Prices, Economy, Business and Finance, Realty, New York City, Values
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Two Prop. 13 defenders decry abuse of loophole by corporations
Two prominent defenders of Proposition 13 spoke out on Tuesday against "gimmicks" used by some companies to avoid paying additional property taxes when buying real estate in California. Responding to a Los Angeles Times story that ran Sunday, the...
Tags: Business, Laws, Realty, Tom Ammiano, Homes
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Cher Sells West Hollywood Condo for $5.25 Million
Singer-actress Cher has quietly unloaded her Sierra Towers condominium in West Hollywood for $5.25 million. The 2,302-square-foot pied-a-terre was created by combining two one-bedroom units. Cher bought the property in 2006 for $3 million, according...Tags: Real Estate, Marketing, Services and Shopping, Condos, Lauren Beale
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Special Report: Subprime bond bounces back, leaving behind a subprime borrower
ReutersWOLFEBORO, New Hampshire (Reuters) - During the crazy days of the housing bubble in 2006, bankers created a bond called MABS 2006-FRE1. The instrument gave buyers the right to payments on the subprime housing loans of nearly 2,000 borrowers, including...Tags: Freddie Mac, John Paulson, Foreign Exchange Market, Mitt Romney, Moody's Corporation
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Competition for truck buyers heats up
Trucks are the hottest segment of the U.S. auto industry this year, as housing and construction rebound and small businesses open the purse strings to replace aging equipment. Sales are up 11% through the first four months of this year, far above the...Tags: Dodge, Chrysler, Toyota, Chevrolet, Ford
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Oracle CEO Larry Ellison makes Malibu real estate his own
On busy Pacific Coast Highway in Malibu, some well-kept facades conceal a secret. Behind the Mediterranean with wooden doors, the white stucco two-story with a red tile roof, the long wall obscuring a three-structure compound, hides a singular,...
Tags: Home Improvement, Tennis, Companies and Corporations, Economy, Business and Finance, Realty
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City mulls paying $525,000 to settle cop misconduct cases
The City Council Finance Committee on Monday recommended paying out $525,000 to settle two cases of alleged police misconduct, one involving an officer stripped of his police powers who still works for the department. If approved by the full council...
Tags: Homes, Lawyers, Justice System, Willie Cochran, Jason C. Ervin
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Ex-state Sen. Michael Rubio fined for not reporting home sale
SACRAMENTO -- Former state Sen. Michael Rubio (D-Shafter) has agreed to pay a $200 fine to the state ethics agency for failing to properly disclose that he sold his house in Bakersfield to an oil company executive who had lent him hundreds of thousands of...
Tags: Rentals, Economy, Business and Finance, Chevron Corportion, Finance
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US housing perks up, but too few homes for sale
GRAND RAPIDS, Mich. (AP) — Beth Heinen Bell and her husband, Christian — like a rising number of Americans — are ready to jump into the real estate market and become homeowners. Yet they're running into an obstacle that's keeping the...
Tags: Prices, Real Estate Agents, Realty, Economy, Business and Finance, Homes
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EU mergers and takeovers (May 6)
ReutersBRUSSELS, May 6 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS NONE NEW LISTINGS NONE EXTENSIONS AND OTHER CHANGES -- Food processor McCain Foods...Tags: Joint Ventures, Car Guides and Reviews, Vehicles, Sweden, Science and Technology
May 9, 2013
|Story| Reuters
May 9, 2013
|Story| South Florida Sun-Sentinel
May 8, 2013
|Story| Reuters
May 7, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Hartford Courant
May 7, 2013
|Story| Reuters
May 4, 2013
|Story| Los Angeles Times
May 5, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Chicago Tribune
May 6, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Petoskey News
May 6, 2013
|Story| Reuters
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