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11/11/2008 News For:

Properties For Sale Scottsdale Arizona

Shops at Zocallo fetch year?s best price per square foot  Emerson Properties Inc., a San Francisco area real estate firm, has purchased The Shops at Zocallo in North Scottsdale for $16.75 million, or almost $630 per square foot.

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.

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.

Two Scottsdale developers hit by economic slump  Two Scottsdale real estate firms with reputations for developing luxury communities in the Southwest and Hawaii are scrambling to deal with economic upheavals that are affecting each in different ways.

Tough times for Tourism Holdings  Tourism Holdings THL says reported net profit for this year will be well below last year's $14.3 million, as the global financial crisis hits business.

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.

Payday lending may end in Arizona  Election Day may have spelled the end of payday lending in Arizona, a spokesman for the industry says.Voters in Arizona rejected Proposition 200, which would have permitted payday lenders to charge as much as 391 percent for loans and extend their licensing in the state indefinitely, The Arizona Republic reported Monday.Without payday lending licenses, the limit for interest rates consumers can ...