--(www.USEquityNews.com)-- 12/02/2008 - Real Estate Development industry alert provided by U.S. Equity News. Nexia Holdings, Inc. (OTCBB: NXHD) announced that its subsidiary Wasatch Capital Corporation closed upon the sale of the Wallace/Bennett Buildings located at 59 West 100 South, Salt Lake City, Utah. The total sales price was $2,150,000. Wasatch owed approximately $1,145,000. Mr. Surber continued, "Being able to have the cash resources from the sale of the building during this historic credit crunch will be one of the events that may allow Nexia to effectively pursue the acquisition of substantial sums of residential real estate under its acquisition strategy. The above bullets are key stepping stones to carrying out the acquisition strategy. The current real estate and credit meltdown may provide a tremendous 'value investment' opportunity for Nexia and its shareholders."
BioMed Realty Trust, Inc. (NYSE: BMR) recently announced the signing of an amendment to its lease at the Center for Life Science | Boston with Children's Hospital Boston. A pre-eminent pediatric research institution and teaching affiliate of the Harvard Medical School, Children's Hospital has agreed to lease an additional 49,286 square feet, bringing its total occupancy in the facility to 150,215 square feet.
HRPT Properties Trust (NYSE: HRP) recently announced financial results for the quarter and nine months ended September 30, 2008. Results for the quarter ended September 30, 2008: Net income available for common shareholders was $73.1 million for the quarter ended September 30, 2008, compared to $16.8 million for the same quarter last year. Net income available for common shareholders per share, basic and diluted, (EPS) for the quarters ended September 30, 2008 and 2007 was $0.32 and $0.08, respectively. Net income for the quarter ended September 30, 2008 includes a $57.7 million, or $0.25 per share, gain on sale of properties. Funds from operations (FFO) available for common shareholders for the quarter ended September 30, 2008 was $62.3 million, or $0.27 per share basic and diluted, compared to FFO available for common shareholders for the quarter ended September 30, 2007 of $62.9 million, or $0.30 per share basic and $0.29 per share diluted. The weighted average number of basic and diluted common shares outstanding totaled 227,251,421 and 256,444,079, respectively, for the quarter ended September 30, 2008, and 212,078,394 and 241,271,052, respectively, for the quarter ended September 30, 2007.
The lobby of Comcast Center was filled with holiday cheer today as Comcast and Liberty Property Trust (NYSE: LRY) unveiled the newest holiday tradition in Philadelphia: "The Comcast Holiday Spectacular." This 15-minute show, full of stunning original holiday imagery, music and more, will be shown on The Comcast Experience video wall at the top of each hour from Thanksgiving through New Year's Day. "Our vision was to create a 21st century experience that captures the spirit of the holidays for the Philadelphia community, local families, and visitors to enjoy for free throughout the holiday season," said Brian L. Roberts, Chairman and CEO, Comcast Corporation. "The Comcast Holiday Spectacular is a gift to the greater Philadelphia community that we hope will bring decades of joy and entertainment to anyone who views it."
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