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Turkey Creek Sold for $131.7M

16 December, 2011

Colonial Properties Trust, a real estate investment trust (REIT) based in Birmingham, AL, announced this week that it had sold Colonial Pinnacle Turkey Creek in Knoxville, TN to an institutional pension fund advisor for $131.7 million according to a Knoxville News Sentinel article. Colonial had a 50% JV interest in the property with a group of local investors that were organized in entities called Turkey Creek Land Partners LLC and Farragut Land Partners LLC. “The disposition [...] is another step in the execution of our strategy to simplify the business and sell our non-core assets,” stated Thomas H. Lowder, Chairman and Chief Executive Officer.

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UK mortgage lending sees fourth consecutive year on year increase

13 December, 2011

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Q&A: Young adults and building credit using credit cards

9 December, 2011

Young adults can use credit cards to establish good credit. However, young adults can also endure building poor credit baggage from credit cards.

The good news: Even after new banking regulations, making it more difficult for young adults to get credit cards, credit card comparison shopping can locate reasonably priced credit lines, with low max limits, that can help build credit.

The key is to use these cards carefully. Make all payments on time, never max out limits, keep a modest outstanding balance (less than 30 percent of maximum), and record consistent, timely payments. These suggestions all work to build up good credit scores.

Compare credit cards to find the best credit card rates and terms available to young people.

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Older Australians stuck in family home

9 December, 2011

STATES and territories should drop stamp duty on homes to encourage older Australians to downsize as a housing crisis fed by an ageing population looms, a report says.

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Organic Waste Management in Toronto

8 December, 2011

Autumn in the garden always comes along with heaps of fallen trees and dead flowers that need to be removed somehow… The question is what the best options for Torontonians are when it comes to dealing with organic waste. As Canada boasts one of the best environmental protection measures in the world, the City of Toronto follows the national trend and offers its residents considerable aid with the processing of their bio waste by supporting two major programs: the Green Bin Program and the Mechanical Leaf Collection Program.

The Green Bin Organics Program is focused on providing households with free bins for organic waste, which turn it into compost. S

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