Aliso Viejo News
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Sunstone Hotel Investors Inc. agreed to buy the 1,053-room Boston Park Plaza Hotel & Towers hotel, a historic property near the city’s Boston Common park, for $250 million.
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PulteGroup Inc. and Lennar Corp. are among eight builders buying the first 726 lots at the Great Park Neighborhoods, a residential community in Orange County, California, that has struggled to open since 2005.
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The U.S. House of Representatives is likely to pass a bill this year to reduce the influence of the government-backed Federal Housing Administration, Fannie Mae and Freddie Mac, Representative Scott Garrett said today.
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Tri Pointe Homes Inc., the first U.S. homebuilder to go public since 2004, is altering designs and buying lots farther from city centers as land prices rise faster than expected, President Tom Mitchell said.
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Landlords seeking the highest returns for single-family homes should hit the road as rental rates weaken in Atlanta, Phoenix and Las Vegas, where institutional investors have flooded the market.
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Intellectual Ventures, the Bellevue, Washington-based company started by former Microsoft Corp. chief technology officer Nathan Myhrvold, said it has settled a patent dispute with Lattice Semiconductor Corp.
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U.S. industries tied to housing are likely to grow about four times as fast as the economy, making them top picks for investors, said Mark Kiesel, global head of corporate bond portfolios at Pacific Investment Management Co.
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Joel Shine, chief executive officer of Woodside Homes, raised $228 million in a debt and equity recapitalization in October, two years after the Salt Lake City- based builder exited bankruptcy.
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MetLife Inc., the largest U.S. life insurer, is shifting workers to North Carolina as Chief Executive Officer Steven Kandarian seeks to reduce costs.
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At Lambert Ranch, an Irvine, California, housing development where prices start at $1 million, just two of 98 homes are unsold since the project opened in May.
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