Highlights
A collection of news and information related to Property published by Tribune Company sources.
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Senators call for stronger standards for toxic coal ash after Tennessee spill
Associated Press WriterWASHINGTON (AP) — Senate Democrats said Thursday they want stricter rules for toxic ash from coal-fired power plants following a massive spill in Tennessee that has threatened drinking water and caused health fears. Officials from the Tennessee...Tags: Tennessee, Metal and Mineral, Mining, Regional Authority, Foreign Aid
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Allentown wants Americus hotel sale to proceed
Of The Morning CallAllentown has asked a federal bankruptcy judge to allow the city to proceed with a judicial sale of the historic but vacant Americus Hotel. The city made the request in a petition filed Christmas Eve in response to Americus Center Inc.'s filing for...Tags: Justice System, New Jersey, Real Estate Sales, Financially Distressed Companies, Philadelphia (Philadelphia, Pennsylvania)
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UK builder Persimmon cuts dividend, reduces debt to conserve cash, warns outlook challenging
LONDON (AP) — British homebuilder Persimmon outlined a plan to conserve cash and reduce its debt Thursday, and warned that the short-term outlook for the British housing market was challenging. The company said it will not pay a final dividend... -
Final 3 bidders for Chicago Cubs
Tribune reporterAnd then there were three. The sale of the Chicago Cubs has come down to three finalists, nearly two years after the team's owner, Tribune Co., put the storied franchise and Wrigley Field on the market. Originally there were 10 interested parties....Tags: University of Chicago, Long Island, New York Yankees, Rahm Emanuel , Academic Progress
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Orlando's CNL Financial Group going global with REIT
Sentinel Staff WriterWith property values plummeting worldwide, Orlando-based investment powerhouse CNL Financial Group Inc. is preparing to launch a new real-estate-investment trust to acquire commercial properties in partnership with an even larger, global player based in...Tags: SEC, Restaurants, Investment Service, Dining and Drinking, Orlando Real Estate
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Palm Beach County faces another round of cutbacks
South Florida Sun-SentinelCutbacks — and likely more layoffs — continue for Palm Beach County government, where department heads learned Wednesday that they must slash costs by 10 percent. The economic crisis threatening jobs and businesses across the country also...Tags: Budgets and Budgeting, Unemployment, Local Authority, Layoffs and Downsizing, Employees
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LETTERS
Rory I. Lancman; Desmond Ryan; Claire MillmanMore choices for chief judge Regarding "Chief judge matters" : New York State is blessed with a diverse population, but progress toward a more inclusive justice system has been uneven, particularly for Hispanics. The State Commission on Judicial...Tags: Justice System, Public Finance, Long Island, Fresh Meadows, Executive Branch
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California may delay tax refunds amid budget impasse
State officials on Tuesday braced for the possibility of delaying tax refunds to millions of Californians, along with student grants and payments to vendors, as the latest round of budget negotiations between Gov. Arnold Schwarzenegger and Democratic...Tags: Darrell Steinberg, Justice System, Personal Income, Los Angeles, National Government
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Palm Beach County planning layoffs, 10 percent spending cut
South Florida Sun-SentinelCutbacks - and likely more layoffs - continue for Palm Beach County government, where department heads learned Wednesday that they must slash costs by 10 percent. The economic crisis threatening jobs and businesses across the country also translates to a...Tags: Budgets and Budgeting, Unemployment, Local Authority, Layoffs and Downsizing, Employees
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Metrowest Shoppes strip center sold for $11.9 million
Sentinel Staff WriterIn one of the larger local commercial property sales of the new year, the Metrowest Shoppes strip center in west Orlando has been sold for $11.95 million. The 32,908 square foot retail center on Kirkman Road was acquired by an affiliate of the Miller...Tags: Verizon Wireless, FedEx Corporation
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Orlando-based CNL Financial to launch real estate investment trust
Sentinel Staff WriterOrlando-based investment giant CNL Financial Group Inc. is planning to launch a new real estate investment trust investing in commercial property globally, in partnership with another company. As much as 30 percent of the real estate trust will be...Tags: Investments, Land Price, Investment Service, Mutual Funds, Orlando Real Estate
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Understanding short sales
What is a short sale?
According to foreclosureuniversity.com, "a short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. Instead of buying from a seller, you are purchasing the property...Tags: Real Estate, Fannie Mae, Foreclosures, Mortgages, Real Estate Transactions
Jan 8, 2009
|Story| Associated Press
Jan 8, 2009
|Story| Allentown Morning Call
Jan 8, 2009
|Story| Associated Press
Jan 8, 2009
|Story| Chicago Tribune
Jan 8, 2009
|Story| Orlando Sentinel
Jan 8, 2009
|Story| South Florida Sun-Sentinel
Jan 8, 2009
|Story| Newsday
Jan 7, 2009
|Story| Los Angeles Times
Jan 7, 2009
|Story| South Florida Sun-Sentinel
Jan 7, 2009
|Story| Orlando Sentinel
Jan 7, 2009
|Story| Orlando Sentinel
Jan 7, 2009
|Story| Orlando Sentinel
