Equity Office Properties Trust, Chicago, has reported net income of $100.9 million ($0.25 per share) for the first quarter, compared with $65.3 million ($0.16 per share) for the first quarter of 2004.Funds from operations for the first quarter totaled $302.1 million ($0.66 per share), the office real estate investment trust said, about the same as the FFO of $302.4 million for the first quarter of 2004. "Office markets across the country are continuing to improve," said Richard D. Kincaid, EOPT's president and chief executive officer. "We expect limited construction of new space through 2006, and see positive trends in occupancy, job growth, and office space absorption. With these positive signs, we anticipate steady improvement and an increase in leasing activity in many of our markets."
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
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