In light of 2010 government cut backs, English Heritage prioritised its planning advice services, the maintenance and conservation of its properties, existing grant commitments and its Buildings at Risk programme.
To make matters worse, the real estate market crumbled, greatly reducing the value of the big box stores that are the hallmark of both Kmart and Sears. (Sears has sold some assets this year, and still lists 88 properties for sale and lease in closed buildings.) Lampert has always been capricious pushing out his chief executives, changing how much control he personally wields.
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But, it has aggressively expanded into private-pay assisted-living properties and medical-office buildings, which account for nearly 80% of its investments.
John McCormack, who owns several nearby properties and is an expert on historical buildings, said knocking down older buildings set a dangerous precedent.
Greene started working with LB Property Management after LB purchased the client contracts in 2005 of another property management firm, LRA Property Management, which did work at 95 apartment buildings and other properties that Greene owned through various business entities.
Among the worst hit places were Millbrook, where 40 properties flooded, and Mevagissey, where 25 buildings were affected.
The company is now focusing on private-pay facilities including medical-office buildings and assisted-living properties.
Instead, the company plans to focus on properties where tenants pay out-of-pocket for expenses, such as medical-office buildings, assisted-living properties and independent-living centers.
Soured Msref investments include such properties as a Hawaiian luxury resort and San Francisco office buildings.
Maguire Properties owns the seven largest buildings in downtown Los Angeles and has shown signs of being open to an acquisition.
Another factor making demolition tricky in such neighbourhoods, he adds, is the fact that many buildings categorised as yellow and red - properties that are partially or badly damaged - are located very close to those that have been deemed safe - colour coded green.
Business is booming at Abigail Michaels Concierge, which provides concierge service to 200 Manhattan buildings and has added about a dozen new properties to its clientele in the past year alone.
The firm quickly built up its portfolio of office properties, eventually becoming the largest owner and operator of Class A office buildings in San Francisco.
Mr. Nislick is the chief executive of Edison Properties LLC, which owns parking garages, self-storage facilities and office buildings in the city.
With growing numbers of people pouring into the rental markets, however, landlords of rental properties made up some of the difference, investing in and upgrading their buildings in many cases after years of underinvestment.
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At least 40 properties have been destroyed in the national park along with farm buildings, machinery and thousands of sheep and cattle.
The triple-net REITs own properties leased primarily to single tenants in separate buildings who pay for all maintenance expenses, property taxes and insurance.
Zuckerman and partner Edward Linde run Boston Properties, a REIT with 33 million square feet of off ice buildings that has been publicly traded since 1997.
Moreover, many health REITs are moving away from hospital-type properties and into assisted living, where residents pay out of their own pockets, and into medical office buildings, which operate much like traditional offices.
That has not come to pass, and, though he is also losing the seven office buildings he bought from Equity Office Properties in February 2007-- Deutsche Bank (nyse: DB - news - people ) has put them all on the market--he still has a major development site at Park Avenue and 56th Street, the former Drake Hotel and a handful of other impressive assets.
They need to offer stronger financial incentives for storm-proofing buildings and be a louder voice in influencing land-use planning and building codes so that coastal properties are better protected or not built at all.
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