Investors Real Estate Trust nets $62.6 million from sale of 8 million sharesOctober 9th, 2009 Investors Real Estate Trust stock sale nets $62.6MMINOT, N.D. — Investors Real Estate Trust said it expects $62.6 million in net proceeds from a follow-on offering that closed Friday.
Cleveland Orchestra to set up residency at New York's Lincoln Center FestivalSeptember 22nd, 2009 Cleveland Orchestra sets up NY festival residencyNEW YORK — Call it Cleveland on the Hudson: The Cleveland Orchestra is setting up a multiyear residency at the Lincoln Center Festival starting in 2011. Officials say the residency begins in July 2011 with Cleveland music director Franz (FRAHNZ) Welser-Moest (VEL'-sehr mehrst) spotlighting works by Bruckner and John Adams.
Capital Senior Living appoints former Lehman executive to its boardSeptember 16th, 2009 Capital Senior Living appoints new board memberDALLAS — Capital Senior Living Corp., which runs residential communities for seniors, said Wednesday it has named former Lehman executive Michael Reid to its board. Reid previously was in charge of Lehman Brothers' real estate investment trust equity underwriting practice.
IRS issues rules making it easier to refinance some commercial real estate mortgagesSeptember 15th, 2009 IRS issues rules to ease mortgage refinancingWASHINGTON — The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number of defaults. The rules would allow commercial loans that are part of investment pools known as Real Estate Mortgage Investment Conduits, or REMICs, to be refinanced without triggering tax penalties for investors.
Fitch: Banks face more difficult credit trends amid exposure to commercial real estate lossesAugust 21st, 2009 Fitch: Banks face more difficult credit trendsNEW YORK — Fitch Ratings analysts said Friday they expect U.S. banking companies to continue to face rising credit costs and a difficult operating environment in the coming months.
Lincoln expert says Ohio man's flea market purchase may be 1 of president's last signaturesAugust 18th, 2009 Expert: Ohio man may have a late Lincoln signatureSOUTH AMHERST, Ohio — An expert at the Abraham Lincoln Presidential Library says he thinks an Ohio man's flea-market find is one of the last Lincoln signatures. It's on an envelope that was with papers Bruce Steiner bought in 2006 in South Amherst, 30 miles southwest of Cleveland.
Unlike Obama, Lincoln likely let fly live when it landed on him during photo sessionJune 18th, 2009 Like Obama, Lincoln had run-in with a flyCHICAGO — President Obama launched his campaign from Abraham Lincoln's hometown, used his bible to be sworn in and quotes Lincoln at the drop of a stovepipe hat. Now it seems the two share something else: an encounter with a fly.
Obama not first Ill. president buzzed by fly on camera, but with Lincoln, fly likely livedJune 18th, 2009 Fly that landed on Lincoln in photo likely livedCHICAGO — President Barack Obama launched his campaign from Abraham Lincoln's hometown and used his bible to be sworn in. Now, it seems the two share something else: an encounter with a fly.
Talks between World Trade Center developer, site owner extend past deadline through weekendJune 12th, 2009 WTC redevelopment talks extended through weekendNEW YORK — The owner of ground zero and a developer are talking past a deadline set by New York City's mayor to work out their differences. Mayor Michael Bloomberg says Larry Silverstein and the agency that owns the World Trade Center site agreed to talk through the weekend and plan to have an update Monday.
No sign of deal between World Trade Center developer, site owner before mayor's deadlineJune 11th, 2009 No sign of WTC redevelopment deal before deadlineNEW YORK — On the eve of Mayor Michael Bloomberg's deadline for the World Trade Center developer and his landlord to settle their dispute over rebuilding the site, a deal appeared elusive. "Conversations continue," said Dan Weiller, a spokesman for Assembly Speaker Sheldon Silver, whose district includes the lower Manhattan site.
US firm sets up $20-mn facility in ChennaiMay 11th, 2009 CHENNAI - The US-based welding consumables product company Lincoln Electric inaugurated its $20-million plant near Chennai Monday. The 100,000 square feet plant in Mahindra World City, a special economic zone (SEZ), has an initial production capacity of 15,000 tonnes per annum.
Hats off to Abe: Jeremy Irons among the readers at tribute to Abraham LincolnApril 23rd, 2009 Hats off to Abe: Jeremy Irons at Lincoln tributeNEW YORK — Abraham Lincoln is getting the star treatment. Award-winning actors Jeremy Irons, Marian Seldes and Frances Sternhagen will be among those reciting Lincoln tributes next month from a new Library of America volume that features such writers and politicians as President Obama, Walt Whitman and Carl Sandburg.
Real estate regulatory act soonJanuary 22nd, 2009 NEW DELHI - The government will soon come up with a model regulatory act for the real estate sector, Minister of State for Poverty Alleviation and Affordable Housing Kumari Selja said here Friday. 'We will soon come up with a model regulatory act for states to follow.
Obama first president to use Lincoln's BibleJanuary 19th, 2009 WASHINGTON - Barack Obama Tuesday became the first US president to swear on the Bible that Abraham Lincoln used for his inauguration 147 years ago. US presidents are not constitutionally required to be sworn in using a Bible, though most do, Theodore Roosevelt being the most notable exception.
Three real estate dealers killed in GhaziabadDecember 26th, 2008 GHAZIABAD - Three real estate developers were killed in this Uttar Pradesh town on the outskirts of the national capital, police said Saturday. The bodies of Satish, Babloo and Saranjit - only known by their first names - were found on a roadside in Chiranjeev Vihar Friday night, investigating officer C.P.
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