4 stores in Chicago could be closed
Thursday, March 22nd, 2007By Tribune staff
Published March 21, 2007
Borders Group Inc., the nation’s second-largest bookseller, is exploring retrenching in Chicago, according to real estate sources.
The Ann Arbor, Mich.-based company hired Oakbrook Terrace-based Mid-America Real Estate Corp. to sublease four of its eight Chicago stores, according to real estate brokers close to the deal. Two stores are in Lincoln […]
Top bidder reneges
Monday, March 19th, 2007Tony Rindfleisch, Key editor
March 18, 2007 12:00am
A LOOPHOLE in Victoria’s auction system has been exposed after the highest bidder for a $2.7 million property refused to buy it.
Victoria’s peak real estate body has called for changes to the law after the sale failed to go ahead, despite the winning bidder making several bids to buy […]
Top bidder reneges
Sunday, March 18th, 2007Tony Rindfleisch, Key editor
March 18, 2007 12:00am
A LOOPHOLE in Victoria’s auction system has been exposed after the highest bidder for a $2.7 million property refused to buy it.
Victoria’s peak real estate body has called for changes to the law after the sale failed to go ahead, despite the winning bidder making several bids to buy […]
Wish upon a politically connected star
Saturday, March 17th, 2007Published March 15, 2007
Don’t you just love Chicago Fairy Tales?
They’re almost like Russian Fairy Tales, but without the little house that walks on the legs of a chicken.
Instead, Chicago Fairy Tales sometimes involve condos at preconstruction prices, walking around on the pink, hairless feet of a rat.
My favorite Chicago Fairy Tales include:
The Chicago Outfit didn’t […]
Chicago Mercantile Exchange to launch weekly weather futures and options contracts
Thursday, March 15th, 2007CHICAGO: The Chicago Mercantile Exchange said Monday it will offer weekly futures and options that allow people to trade on temperatures in U.S. cities starting April 2.
That represents an expansion from CME’s current weather offerings, which include monthly and seasonal contracts on 35 cities around the world, including 18 U.S. cities. The weekly product will […]
Wish upon a politically connected star
Thursday, March 15th, 2007Published March 15, 2007
Don’t you just love Chicago Fairy Tales?
They’re almost like Russian Fairy Tales, but without the little house that walks on the legs of a chicken.
Instead, Chicago Fairy Tales sometimes involve condos at preconstruction prices, walking around on the pink, hairless feet of a rat.
My favorite Chicago Fairy Tales include:
The Chicago Outfit didn’t […]
Real Estate social network reaches 20,000 members
Wednesday, March 14th, 2007NewswireToday - /newswire/ - Bellevue, WA, United States, 03/12/2007 - The ActiveRain Real Estate Network, real estate’s largest and fastest growing online social network, has eclipsed the 20,000 member mark in the first ten months of operation.
The ActiveRain Real Estate Network, real estate’s largest and fastest growing online social network, has eclipsed the 20,000 member […]
Real estate’s ‘Clean Up Woman’
Tuesday, March 13th, 2007Editor’s note: Inman News would like to welcome Marc Davison as a regular columnist to our daily news service. Davison’s perspectives on change in the real estate industry will appear on Inman News each week. His first column, “Clean Up Woman,” opens with a few lines from a popular 1970s song.
A clean up woman, is […]
Morgan Stanley moves real estate into funds unit
Sunday, March 11th, 2007NEW YORK, March 8 (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) has moved its $45 billion real estate investment business from its investment banking department to its money-management arm, where it will be more visible to investors.
The investment banking giant is one of the world’s biggest investors in real estate, where managed assets, including […]
Magna’s real estate arm posts profit
Friday, March 9th, 2007Mar 07, 2007 11:56 AM
Gary Norris
Canadian Press
Magna International real estate spinoff MI Developments Inc. (TSX: MIM.A) has reported fourth-quarter net income of US$28.5 million, up from a year-ago loss of $6.1 million, as money-losing horse-racing subsidiary Magna Entertainment Corp. (TSX: MEC.A) added to the bottom line for a change through asset sales.
MI Developments CEO John […]