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Morgan Stanley raising $10 billion property fund, eyes China (Washington Post) SHANGHAI (Reuters) - Morgan Stanley is raising $10 billion for a global property fund and plans to put $1.5 billion or more of that into China, shrugging off concern about a property market downturn, a banking source said on Wednesday. That redevelopment property tax shift in California is long overdue (The Santa Rosa Press Democrat) One relatively tiny aspect of California Gov. Arnold Schwarzenegger's latest proposal to close the state budget deficit is a $228 million per year hit on local redevelopment agencies.It forces them to shift that much in property taxes to schools for three years so the state can spend that much less on education. New property value estimates give municipalities the chance to raise extra cash (The Oshkosh Northwestern) New state property value estimates will give the city the ability to raise a little extra revenue under state property tax levy limits. Morgan China raising $10 billion for a global property fund (International Herald Tribune) Morgan Stanley will put $1.5 billion or more of that into China, shrugging off concern about a property market downturn. Mishawaka Common Council hears annexation requests :More petitions to annex property on way for Mishawaka. (South Bend Tribune) MISHAWAKA -- Nobody had any objections Tuesday night to requests that the city annex pieces of property for a church and a hotel. Two new issues will be on ballot for residents, property owners in downtown (Greeley Tribune) A mill levy increase will be among two new ballot measures for downtown residents and property owners to consider in the upcoming November election. City lands more property (Austin Daily Herald) The city of Austin has succeeded in another property acquisition for the jail and justice center, purchasing a corner lot from Austin Medical Center through a package that includes cash, industrial property, relocation expenses and free utility upgrades. Property in floodplain remains unsold (NWAnews.com) BENTONVILLE ? Not a single hand went up when a group of realestate agents were asked if they had been able to sell any property located in the FEMA-defined floodplain this year. Ashley Pope, director of Benton County Planning, posed the question as she met with a group of agents at Exit Pinnacle Realty on Tuesday morning. The subject: Benton County?s floodplain. (Benton County Daily Record) Property tax here to stay? (Louisville Courier-Journal) When Gov. Mitch Daniels signed a bill that restructured property taxes into law in March, he and some lawmakers who supported it said they were delivering significant and lasting reform and relief. AMB Property to invest $1.8 bln in Japan: report (Reuters via Yahoo! News) U.S. warehouse operator AMB property Corp will spend more than 200 billion yen ($1.84 billion) over the next four years to expand its distribution facilities in Japan and is considering acquisitions, a newspaper reported on Wednesday. |
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