INCOME PROPERTIES
Auction of godman's properties postponed New Kerala Tiruchirappalli, Dec 12: The auctioning of the properties of self-styled godman Premananda by Income Tax authorities was today postponed till tomorrow as those who participated in the sale quoted low rates, officials said. Income Tax officials caught taking bribe Hindustan Times The Central Bureau of Investigation (CBI) swooped on two income tax officers, one of them an Additional Commissioner, while they were accepting bribe of Rs 2.75 lakh from an electronic company owner on Wednesday. TAIB sells two more U.S. properties AME Info TAIB Bank B.S.C.(c) today announced the sale of two additional U.S. properties for a combined action total of USD 67.4 million. These exits, together with three others announced recently, place TAIB's total real estate investment exit value for the year in excess of US$ 675 million. Urstadt Biddle Properties Inc. Announces Increases in Quarterly Dividends on Class A Common and Common Shares Business Wire via Yahoo! Finance GREENWICH, Conn.----At their regular meeting, the Directors of Urstadt Biddle Properties Inc. , approved an increase in the quarterly dividends on the Company's Class A Common Stock and Common Stock. Brookfield Properties to raise C$1.38B in stock offering; income guidance issued Canadian Business NEW YORK (CP) - Brookfield Properties Corp. (TSX:BPO), one of North America's largest commercial real estate companies, aims to raise C$1.38 billion in an offering of 30 million common shares to repay debt. Cedar Shopping Centers to Buy 5 Pa. Giant-Anchored Properties, One Development Site Progressive Grocer DECEMBER 13, 2006 -- CARLISLE, Pa. -- Port Washington, N.Y.-based Cedar Shopping Centers, Inc. said yesterday that it would purchase five Giant supermarket-anchored properties in eastern Pennsylvania from Caldwell Development Co., a private development company that has developed and built a number of supermarket-anchored and other major tenant-anchored properties in that state. Deutsche Bank property fund sells assets to Eurocastle for 2 bln eur UPDATE Sharewatch Deutsche Bank AG property fund unit DB Real Estate Investment GmbH sold 61 properties to Eurocastle Investment Ltd. for 2 bln eur. DB said the sale will generate 200 mln eur in income for investors in its Grundbesitz-Invest fund. Home Properties wraps up sale of upstate properties Rochester Business Journal By MARY STONE Rochester Business Journal December 13, 2006 Home Properties Inc. has completed the sale of its Upstate New York portfolio—a deal announced in October—for $252 million, the company reported today. Realty Income Declares Class D and E Preferred Monthly Dividends Business Wire via Yahoo! Finance ESCONDIDO, Calif.----Realty Income Corporation , The Monthly Dividend Company®, today announced that its Board of Directors declared a monthly dividend on the Company's Monthly Income Class D preferred stock that is payable on January 15, 2007 to shareholders of record as of January 1, 2007. Deutsche Bank property fund sells assets to Eurocastle for 2 bln eur UPDATE Sharewatch Deutsche Bank AG property fund unit DB Real Estate Investment GmbH said it has sold 61 properties to Eurocastle Investment Ltd. for 2 bln eur. It said the sale will result to around 200 mln eur income for investors of its fund Grundbesitz-Invest.
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