Mitsubishi Estate Plans U.S. Property Fund, Takeovers (Update2)

Posted by property | Posted in Real Estate | Posted on 21-05-2010-05-2008

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Mitsubishi Estate Plans U.S. Property Fund, Takeovers (Update2)
Mitsubishi Estate Co., Japan’s biggest property developer by market value, said it will set up a real estate fund in the U.S. this year and seek takeovers overseas to counter declining demand at home.
Read more on BusinessWeek

Wells, LNR Said to Seek Sale of Billion in Loans, Property
May 21 (Bloomberg) — Wells Fargo & Co. and LNR Property Corp. are each seeking to sell about billion of distressed U.S. commercial real estate loans and assets, according to people briefed on the offerings.
Read more on Bloomberg

Ex-jail officer sentenced for stealing property
A former Fresno County correctional officer was sentenced Thursday to 90 days in the adult-offender work program for stealing property from inmates.
Read more on The Fresno Bee

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