National REIT expands locally
Grubb & Ellis Healthcare REIT Inc. acquired four medical office buildings in the Tampa Bay area, according to a press release. feeds.bizjournals.com
Housing Sales Slowest on Record
Sales of existing homes fell for the sixth straight month in January, dropping to the slowest pace on record. Median home prices were also down, and many analysts predicted further declines given high levels of unsold homes. washingtonpost.com
NTS Realty Holdings' revenue rose in 2007
NTS Realty Holdings LP reported 2007 net income of $3.9 million, or 35 cents per share, compared with net income of $41.1 million, or $3.61 per share, a year earlier. feeds.bizjournals.com
Calpers Takes Hit on Land Deal
The California Public Employees' Retirement System is involved in one of the biggest land deals to fall victim to the housing bubble. It is an unusual position for the pension fund, which has a reputation for avoiding such blowups. online.wsj.com