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Providence poised to declare River House apartments developer in default of tax treaty - News - providencejournal.com

Kate Bramson Journal Staff Writer journalkate PROVIDENCE, R.I. — Delays by the South Street Landing developers to begin construction early this year on two apartment buildings on a nearby Davol Square parking lot have caused the City Council to consider issuing the project a notice of default. After the developer missed a Jan. 27 deadline to get all city construction permits , the council's Finance Committee voted this month to recommend to the City Council that the city issue a default notice to CV River House LLC , of San Diego, the entity that has planned to build the River House apartments . The default would be for missing a deadline in the project's city tax-stabilization agreement, which limits taxes owed over 15 years to about $3.3 million. The council is expected to consider the issue Thursday night . It could vote to issue the notice or send the matter back to committee. "In order to preserve our rights under the [tax-stabilization agreement], we have to...

America Apartment Communities, Inc. (MAA) Receives Consensus Rating of "Buy" from Analysts

Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since August 18, 2016 and is uptrending. It has underperformed by 16.07% the S&P500. Fjarde Ap- Fonden Fourth Swedish National Pension Fund increased Mid Amer Apt Cmntys Inc (MAA) stake by 13.97% reported in 2016Q4 SEC filing . American International Group Inc. now owns 14,006 shares of the real estate investment trust 's stock worth $185,000 after buying an additional 966 shares during the period. During the same period a year ago, the firm posted $1.54 earnings per share. Mid Amer Apt Cmntys Inc Com now has $12.10 billion valuation. It closed at $106.52 lastly. It is down 0.92% since August 18, 2016 and is uptrending. It has underperformed by 1.04% the S&P500.The move comes after 5 months negative chart setup for the $585.42 million company. Its up 0.24, from 0.84 in 2016Q3. (MAA) opened at 106.69 on Thursday. 341.62 million shares or 0.09% more from 341.30 million shares in 2016Q3 were reported. Mid- America Apartment ...