Real Estate News

Housing News Update:
Lennar Reports First Quarter Results   2008-03-27
Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today reported results for its first quarter ended February 29, 2008. First quarter net loss in 2008 was $88.2 million, or $0.56 per diluted share, compared to first quarter net earnings of $68.6 million, or $0.43 per diluted share, in 2007.

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Kilroy Realty Increases Common Dividend 4.5% Kilroy Realty Corporation (NYSE:KRC) announced today that its board of directors declared a regular quarterly cash dividend of $0.58 per common share payable on April 18, 2008 to stockholders of record on March 31, 2008. The dividend is equivalent to an annual rate of $2.32 per share and is a 4.5% increase from the previous annualized dividend level of $2.22 per share. Highwoods Properties Reports Fourth Quarter and Year End 2007 Financial and Operational Results Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today reported unaudited financial and operational results for the fourth quarter and full year ended December 31, 2007. Congressman Fattah Supports First Step in Addressing Foreclosure Crisis Congressman Chaka Fattah (D-PA) applauds today’s move by several of the nation’s largest mortgage lenders to place a 30 day moratorium on foreclosing for homeowners who are severely delinquent on monthly payments. Realty Income Declares 452nd Consecutive Common Stock Monthly Dividend Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O) today announced that its Board of Directors declared a common stock dividend of $0.13675 per share, payable on March 17, 2008 to shareholders of record as of March 3, 2008. The dividend represents an annualized amount of $1.641 per share. Paul Kellogg of Hughes Watters Askanase Inducted into the College of the State Bar of Texas Paul Kellogg, an associate with Hughes Watters Askanase L.L.P. (HWA), has been inducted into the College of the State Bar of Texas (College). The College is an honorary society that recognizes lawyers who maintain and enhance their professional skills and the quality of their services through a significant level of voluntary participation in continuing legal education. 'Free' real estate seminars lure fortune seekers Several times this month, Atlanta hotel ballrooms will be filled with people eager to change their lives — AND MAKE MILLIONS!!! — on real-estate foreclosures. Weak dollar makes Atlanta a good buy for overseas investors Canadian real estate investor Beau Jarvis came to Atlanta by way of Hong Kong. Brevard real estate officials say Amendment 1 will boost industry Representatives of the local real estate industry say they are optimistic that the industry would get a boost from Tuesday’s passage of Amendment 1, Florida’s property tax-cutting ballot measure. Sarasota Real Estate: The Perks Of Investing In The City's Property Markets