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11/11/2008 News For:

Properties For Sale Salinas California


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.

Damac Properties cuts 200 jobs  Damac Properties has been forced to lay off 200 employees at its Dubai office due to falling sales, reported The National. The job cuts have been made across divisions including sales, marketing, recruitment and administration.

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.

TRAFFIC: Salinas-Monterey highways clear  The California Highway Patrol Web site at 5:25 a.m. is reporting no major incidents on area highways.

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

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...

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.

(AFX UK Focus) 2008-11-10 15:03 Dynegy Calif. Moss Landing 1 natgas unit shut  NEW YORK, Nov 10 Reuters - Dynegy Inc's 510-megawatt Unit 2 at the Moss Landing natural gas-fired power station in California shut for planned reasons by Sunday afternoon, the California Independent Electricity System Operator said in a report. The 2,498 MW Moss Landing station is located near Salinas in Monterey County, about 90 miles south of San Francisco. There are several units at the ...

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