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11/11/2008 News For:

Properties For Sale Springfield Illinois

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.

Spratt's name floated for top Obama post   WASHINGTON ? U.S. Rep. John Spratt?s name is being floated for a post in the Obama administration that would take advantage of his economic expertise as chairman of the House Budget Committee. Spratt is at the top of a list of three possible directors of the White House Office of Management and Budget, The Associated Press reported last week. The New York Times and other publications also have ...

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.

SBJ This Week: Area Real Estate Changes  In this week's Springfield Business Journal report, an area real estate icon has closed her last sale.

Man jailed for assault on boy, 9  A 31-year-old Concord man is in jail on $60,000 cash bail for allegedly beating his girlfriend's 9-year-old son over two nights. The police arrested Christian Hajnal of Village Street on Friday, shortly after school officials reported the boy's injuries, the police said.

General's growth stunted  Chicago-based General Growth Properties Inc. reported deepening third-quarter losses today, and reiterated its intention to explore options including the sale of its retail properties.