Hauppauge Industrial Park

For Income, REITs Can't Be Beat
For Income, REITs Can't Be Beat

Bank of America to sell some office space
The bank has so far identified three office buildings it will sell, in N.Y. and N.C. It also has substantial real estate holdings in Southern California. In a move to shed nonessential assets, Bank of America will sell and lease back some of its administrative office space.

REITs Continue to Perform Admirably in Unstable Market
NEW YORK, NY-- - High yielding Real Estate Investment Trusts have performed well in the current economic climate. As reported in The Wall Street Journal, the MSCI U.S. REIT Index returned 8.7% in 2011, ...

Griffin-American Healthcare REIT II Acquires Medical Office Buildings in Florida, Georgia and South Carolina
NEWPORT BEACH, Calif., Feb. 2, 2012 /PRNewswire/ -- Griffin-American Healthcare REIT II (formerly known as Grubb & Ellis Healthcare REIT II) announced today that it has acquired three medical office buildings ...

Don't rush into REITs
You'd think that investors would be leery of companies that own and manage commercial real estate. Vacancy rates remain elevated in office buildings and shopping centers. Except for apartment buildings, rents really haven't grown at all in four years. And given the possibility that the global economy may retrench yet again, things could still get worse before they get better.

Buildings with mirror windows on trial for killing thousands of birds
GLAZED OFFICE buildings are on trial in Toronto because of the danger they represent to birds, which have been killed in their thousands as they try to fly to sky, trees or other buildings reflected in mirror-like glass facades.

Sheriff's Office playing used car dealer at Metro Park
About twice a year, the Jacksonville Sheriff's Office auctions vehicles seized in drug and other cases to the highest bidder. Today, nearly three dozen will go on the block in a Metro Park lot across from EverBank Field on Gator Bowl Boulevard.