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Archive for June, 2007WhatMonday, June 4th, 2007A Real Estate Investment Trust (REIT) is a publicly traded company that purchases and manages income generating properties such as offices, apartments or shopping malls. For tax purposes, a REIT is classified as pass-through entities, meaning that they are free from tax at the corporate level. To be classified as a REIT, a real estate [...] CartierSaturday, June 2nd, 2007Schwan’s Development Corp. has sold its industrial building located at 4760 E. Cartier Ave. to RU Investments LLC. The 6,270-square-foot building sold for close to $1.53 million, or approximately $243 per square foot, with an escrow time of 30 days. The property is on 1.68 acres. The building offers one dock, five drive-in bays and [...] |
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