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Napa Valley Marriott Hotel & Spa Sells for $72 Million

Lighthouse Lodging Group Inc. sold the Napa Valley Marriott Hotel and Spa in Napa, CA. Inland American Lodging Group Inc., an affiliate of Inland American Real Estate Trust, purchased the 275-room property for $ 72 million, or approximately $ 261,000 per room. “The Napa Valley M
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Stock futures advance (Reuters)

Reuters – Stock index futures pointed to a higher open for equities on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.3-0.8 percent. Yahoo! News: Business News
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Wall Street gains as Fed minutes boost stimulus bets (Reuters)

Reuters – Stocks rose for a third straight day on Tuesday in a volatile session, after minutes from the latest Federal Reserve meeting boosted expectations the U.S. central bank will act again to stimulate the economy. Yahoo! News: Business News
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Miami Warehouse Sells for $3.9 Million

Galei Opa LLC acquired the warehouse at 5701 – 5703 NW 35th Ave. in Miami from Solomon-Kalback North Bldg LLC for $ 3.9 million, almost $ 32 per square foot. Galei Opa is a local company that plans to relocate its manufacturing operation to the site. This property includes two i
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Game Changer: How Newark is Redefining the Art of the Deal

National Real Estate Investor
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PS Business Parks Closes 2 Deals in Miami, Houston

PS Business Parks Inc. (NYSE:PSB) completed two commercial real estate transactions in Houston, TX, and Miami, FL. The REIT sold the 13-building Westchase Corporate Park in Houston for $ 9.8 million or $ 55 per square foot. Dallas-based TriGate Capital and joint venture partner Adler
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Futures open slightly lower (Reuters)

Reuters – U.S. stock index futures opened slightly lower on Sunday as traders geared up for another turbulent week while assessing the impact of Hurricane Irene that passed with less damage than feared. Yahoo! News: Business News
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Everything You Need To Know About The Right To Manage

If you own a flat and the management of the shared parts of the development is under the control of your freeholder, then you can take that control away. The law allows you to follow a detailed process and set up your own body which has responsibility for things such as cleaning the w
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United Trust Fund Provides $203,000,000

National Real Estate Investor
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Walton Street To Sell Denver Marriott for $119M

An affiliate of Walton Street Capital agreed to sell the Denver Marriott City Center in downtown Denver, CO, for $ 119 million, or approximately $ 194,000 per room. Chesapeake Lodging Trust (NYSE:CHSP), a lodging REIT, is the buyer. The transaction is set to close next month. Walton T
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