Scion Properties News

Balise buys Yale Genton site (The Republican)
WEST SPRINGFIELD - At a time when Detroit industry is grinding to a standstill, Balise is moving forward with plans to expand a dealership. Balise Motor Sales on Thursday bought the former Yale Genton property at 400 Riverdale St. for $4.4 million.

Montecito is verdant -- and wealthy (Los Angeles Times)
The neighborhoods of the Santa Barbara County enclave are among the richest in the state -- although Oprah Winfrey, Ty Warner and other big-name moguls make up the elite, not the norm. John and Jacqueline Kennedy honeymooned there. Oprah Winfrey, Jeff Bridges, John Cleese, Rob Lowe and Ivan Reitman live there. Ellen DeGeneres used to, before she sold her estate earlier this year for about $20 ...

Candidates declare assets in Rajasthan (New Kerala)
Jaipur, Nov 13 : Rajasthan Home Minister Gulab Chand Kataria owns assets and properties worth Rupees 97.73 lakh while fortune owned by PWD Minister Rajendra Singh Rathore is estimated around 7.5 crore.

New Trends In Lodging Industry Could Mean Deals For You (Fox News)
New Trends In Lodging Industry Could Mean Deals For You

Jennifer Openshaw: New trends in lodging industry could mean deals for you (Market Watch)
Traditional cookie-cutter Holiday Inns and Ramadas went out of fashion years ago. Now, suite innovations of 20 years ago are looking dated, too. Something new awaits – and it might mean a good deal for you, too.

Give Till it Durst! Mogul Investing $300 M. in Financially Troubled Properties (The New York Observer)
New York’s own organic-farming real estate mogul Douglas Durst is getting into the distressed asset-buying business, with plans to invest up to $300 million of his own moolah in a fund that he’s creating with his frequent collaborator, developer Sidney Fetner Associates .   “The purpose of the fund will be to invest in distressed properties,” Mr. Durst said. “Bricks-and-mortar ...

General Growth founder's son steps aside as CEO (Reuters via Yahoo! Malaysia News)
* CEO and son of founder steps down

Audit Roundup: Crime and Punishment (Columbia Journalism Review)
WSJ’s Berman asks how likely crisis convictions are; A pall in the mall; etc.