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11/11/2008 News For:

Properties For Sale Sacramento California

Mathews named general manager of Sacramento?s Citizen Hotel  Mark Mathews has been named general manager of the Citizen Hotel, which opens Nov. 30 in Sacramento. He previously worked as general manager at hotels in Tacoma, Wash., Portland, Ore., San Francisco and Beverly Hills. Kaufman and Co. Ltd Commercial Real Estate and Brokerage has hired Leon Adams as assistant vice president and Amanda Libbee as office manager. The California Building Industry ...

Train Ridership in California Hits All-Time High   SACRAMENTO, Calif.----Californians are leaving their cars, SUVs, vans, and trucks at home and riding trains instead in unprecedented numbers. Today, Caltrans and Amtrak reported a record-setting 5.5 million passengers rode California's state-supported intercity passenger trains in federal fiscal year 2008.

Hospitality Properties' 3Q FFO down 12 percent   Hospitality Properties Trust said Monday its third-quarter results declined about 12 percent from a year ago on lower rental revenue. The hotel real estate investment trust's results, however, beat Wall Street estimates.

Financial climate slowing sale of AIG's Japan assets: report  The weakened balance sheets of prospective buyers is hampering American International Group's planned sale of three Japanese life insurance companies, according to a published report.

As Housing Tide Receded, California Town Was Left Stranded  In Mountain House, Calif., almost 90 percent of homeowners owe more on their mortgages than their houses are worth, forcing a slowdown of the local economy.

AIG Sale of Japan Units Finds Hesitant Buyers, Nikkei Says  Nov. 11 -- American International Group's planned sale of three Japanese life insurance subsidiaries hasn't attracted the interest of would-be buyers in Japan, Nikkei English News reported, citing no one.

Search continues for missing island woman  BRADENTON ? Authorities continue to search for an island business woman reported missing last week.

Hospitality Properties' 3Q FFO down 12 percent  NEWTON, Mass. Hospitality Properties Trust said Monday its third-quarter results declined about 12 percent from a year ago on lower rental revenue. The hotel real estate investment trust's results, however, beat Wall Street estimates.

A California town drowns in debt as home values plunge  Mountain House, a California town 60 miles east of San Francisco and 59 feet above sea level, is the most underwater community in America. Because of plunging home values, almost 90 percent of homeowners here owe more on their mortgages...

Local Business Briefs - 11/11  Fontana-based California Steel Industries recently reported a 20 percent decline in shipments in the third quarter compared with a year ago, while sales for the quarter rose 31 percent to $440.8 million.