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		<title>Magnitude-5.0 Earthquake Shakes Los Angeles</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/Y03MT8uR6O0/</link>
		<comments>http://ebestagent.com/magnitude-50-earthquake-shakes-los-angeles/#comments</comments>
		<pubDate>Mon, 18 May 2009 04:27:36 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[LOS ANGELES]]></category>

		<guid isPermaLink="false">http://ebestagent.com/?p=407</guid>
		<description><![CDATA[Magnitude-5.0 Earthquake Shakes Los Angeles Area A moderate earthquake occurred at 8:39:36 PM (PDT) on Sunday, May 17, 2009. The magnitude 5.0 event occurred 2 km (1 miles) E of Lennox, CA. The hypocentral depth is 14 km ( 8 miles). Magnitude 5.0 &#8211; local magnitude (ML) Time Sunday, May 17, 2009 at 8:39:36 PM [...]]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p>Magnitude-5.0 Earthquake Shakes Los Angeles Area</p>
<p>A moderate earthquake occurred at 8:39:36 PM (PDT) on Sunday, May 17, 2009.<br />
The magnitude 5.0 event occurred 2 km (1 miles) E of Lennox, CA.<br />
The hypocentral depth is 14 km ( 8 miles). </p>
<p>Magnitude  	5.0 &#8211; local magnitude (ML)<br />
Time 	Sunday, May 17, 2009 at 8:39:36 PM (PDT)<br />
Monday, May 18, 2009 at 3:39:36 (UTC)<br />
Distance from 	Lennox, CA &#8211; 2 km (1 miles) E (91 degrees)<br />
Inglewood, CA &#8211; 2 km (1 miles) SSE (159 degrees)<br />
Hawthorne, CA &#8211; 3 km (2 miles) NNE (22 degrees)<br />
Westmont, CA &#8211; 3 km (2 miles) W (266 degrees)<br />
Los Angeles Civic Center, CA &#8211; 15 km (10 miles) SSW (213 degrees)<br />
Coordinates 	33 deg. 56.4 min. N (33.940N), 118 deg. 20.3 min. W (118.338W)<br />
Depth 	13.5 km (8.4 miles) </p>
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		<item>
		<title>The Bottle Boys – Under The Sea</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/AJOL-uDhonI/</link>
		<comments>http://ebestagent.com/the-bottle-boys-under-the-sea/#comments</comments>
		<pubDate>Sun, 17 May 2009 17:52:44 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[VIDEOS]]></category>
		<category><![CDATA[Music]]></category>

		<guid isPermaLink="false">http://ebestagent.com/?p=404</guid>
		<description><![CDATA[Video: The Bottle Boys playing &#8220;Under The Sea&#8221;. Beautiful~ Nicely done~ Enjoy~ Readers who viewed this post, also viewed:Quote of the DayQuote of the DayQuote of the Day - Love QuotesQuote of the DaySuccess Quotes - Quote of the Day]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p>Video: The Bottle Boys playing &#8220;Under The Sea&#8221;.  Beautiful~ Nicely done~ Enjoy~</p>
<p><object width="425" height="344"><param name="movie" value="http://www.youtube-nocookie.com/v/3KQQdUZn29Q&#038;hl=en&#038;fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube-nocookie.com/v/3KQQdUZn29Q&#038;hl=en&#038;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object></p>
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		<title>Best Location To View The Golden Gate Bridge</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/gAgQusFzZdo/</link>
		<comments>http://ebestagent.com/best-location-to-view-the-golden-gate-bridge/#comments</comments>
		<pubDate>Sat, 18 Apr 2009 09:22:14 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[PHOTOGRAPHY]]></category>
		<category><![CDATA[Golden Gate Bridge]]></category>
		<category><![CDATA[Lockheed HC-130H]]></category>

		<guid isPermaLink="false">http://ebestagent.com/?p=398</guid>
		<description><![CDATA[Click Here to view the photo Golden Gate Bridge Best View WOW~ !!! The best location to view the Golden Gate Bridge. Kevin Ho captured this incredible image on Lockheed HC-130H Hercules. Plane is flying west side of the Golden Gate Bridge and you can see the Alcatraz Island, too. These two Coast Guards got [...]]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p><a href="http://www.airliners.net/open.file?id=1282579"> Click Here</a> to view the photo
<div style="text-align: center;">
<div class="imageframe centered" style="width:440px;"><img src="http://ebestagent.com/wp-content/uploads/2009/04/golden-gate-bridge.jpg" alt="golden-gate-bridge" width="440" height="330" class="attachment wp-att-397" />
<div class="imagecaption">Golden Gate Bridge Best View</div>
</div>
</div>
<p>WOW~ !!! The best location to view the Golden Gate Bridge.  Kevin Ho captured this incredible image on Lockheed HC-130H Hercules.  Plane is flying west side of the Golden Gate Bridge and you can see the Alcatraz Island, too.  These two Coast Guards got the best job in the world.  <a href="http://www.airliners.net/open.file/1282579/L/">Click Here</a> to view this image in full size</p>
<p>Tired of working in a cubicle?  You can apply for the U.S. Coast Guard at <a href="http://www.gocoastguard.com/">www.gocoastguard.com</a></p>
<p><a href="http://www.airliners.net/search/photo.search?photographersearch=Kevin%20Ho">Kevin Ho, Photographer</a><br />
<a href="http://www.airliners.net/search/photo.search?aircraftsearch=Lockheed%20HC-130H%20Hercules%20(L-382)&#038;distinct_entry=true">Lockheed HC-130H Hercules images</a></p>
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		<title>Stamps.com</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/FK9ssQRN7KM/</link>
		<comments>http://ebestagent.com/stampscom/#comments</comments>
		<pubDate>Sun, 03 Aug 2008 00:55:07 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[FINANCIAL]]></category>

		<guid isPermaLink="false">http://ebestagent.com/stampscom/</guid>
		<description><![CDATA[Developed in conjunction with the US Postal Service, Stamps.com is a revolutionary software-based service that allows you to calculate and print official USPS postage right from your PC. Stamps.com even keeps track of all your postal spending using your client codes, and can even recommend optimal delivery methods, formats and more. Plus, Stamps.com gives you [...]]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p>Developed in conjunction with the US Postal Service, Stamps.com is a revolutionary software-based service that allows you to calculate and print official USPS postage right from your PC.</p>
<p>Stamps.com even keeps track of all your postal spending using your client codes, and can even recommend optimal delivery methods, formats and more. Plus, Stamps.com gives you postage discounts you canâ€™t even get at the Post Office or with a postage meter.</p>
<p>I&#8217;m currently comparing this service vs Endicia.  I&#8217;ll give update on this comparison test.</p>
<p><a href="http://www.kqzyfj.com/cd100qgpmgo36A6D8CD3547ACA55" target="_blank" onmouseover="window.status='http://www.stamps.com';return true;" onmouseout="window.status=' ';return true;"><br />
<img src="http://www.awltovhc.com/kc77p59y31NQUQXSWXNPORUWUPP" alt="" border="0"/></a></p>
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		<title>LA Auto Show</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/A2jCvElONMQ/</link>
		<comments>http://ebestagent.com/la-auto-show/#comments</comments>
		<pubDate>Thu, 15 Nov 2007 20:05:43 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[LOS ANGELES]]></category>
		<category><![CDATA[NEWS]]></category>
		<category><![CDATA[Cars]]></category>

		<guid isPermaLink="false">http://ebestagent.com/la-auto-show/</guid>
		<description><![CDATA[LA Auto Show 2007 November 16-26, 2007 Los Angeles Convention Center 1201 S. Figueroa Street Los Angeles, CA 90015 Best Time to go: Avoid weekends. Go Monday &#8211; Thursday during the before 5 PM. Thanksgiving evening will be pretty empty. Show Hours: Opening Day, Friday, Nov. 16: 11:00am &#8211; 10:00pm Saturdays: 09:00am &#8211; 10:00pm Sundays: [...]]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p><b>LA Auto Show 2007<br />
November 16-26, 2007<br />
Los Angeles Convention Center<br />
1201 S. Figueroa Street<br />
Los Angeles, CA 90015</p>
<p>Best Time to go:</b> Avoid weekends. Go Monday &#8211; Thursday during the before 5 PM. Thanksgiving evening will be pretty empty.</p>
<p><strong>Show Hours:</strong></p>
<p>Opening Day, Friday, Nov. 16:         11:00am &#8211; 10:00pm<br />
Saturdays:                                           09:00am &#8211; 10:00pm<br />
Sundays:                                              09:00am &#8211; 08:00pm<br />
Mon &#8211; Weds, Nov.19-21:                   11:00am &#8211; 10:00pm<br />
Thanksgiving Day:                              09:00am &#8211; 08:00pm<br />
Friday, Nov 23:                                   09:00am &#8211; 10:00pm</p>
<p><b>Tickets</b></p>
<p>Adults:               $10.00*<br />
Seniors (65+):    $7.00*<br />
Children 12 and under free when accompanied by an adult</p>
<p>*Cash Only*</p>
<p><b>Discount Coupons</b></p>
<p>$3.75 off(after $1.25 Convenient fee/ticket) on opening day only on November 16, from <a href="http://www.laautoshow.com/2007/DC/Interface/Audi.html">AutoTrader.com</a>  <a href="http://www.laautoshow.com/2007/DC/Interface/Audi.html">Buy Ticket here.</a></p>
<p>$2.00 off coupons are available at participating LA area new car dealerships and 7-Eleven stores.  Discount Coupons are valid Friday, Nov 16 &#8211; Thursday, Nov 22 only.</p>
<p><b>Parking</b></p>
<p>$12.00 South and West Hall Parking structure.<br />
$10.00 Grand Avenue Garage (Grand Ave. + Venice Blvd.) Sat. &amp; Sun. only and Free shutter service provided.<br />
Other independent parkings available near Convention Center/Staples Center for around $8.00</p>
<p><b>Public Transportation</b></p>
<p>Metro Blue Line station 1 block east of LA Convention Center.<br />
Pico/Chick Hearn Station<br />
1236 S. Flower St., Los Angeles 90015</p>
<p><a href="http://socaltransport.org/tm_pub_start.php">Visit MTA Metro Trip Planner</a></p>
<p><b>LA Auto Show Highlights:</b></p>
<p style="text-align: center;"><img src="http://ebestagent.com/wp-content/uploads/2007/11/lamborghini-reventon.jpg" width="468" height="239" alt="lamborghini-reventon.jpg" class="imageframe imgaligncenter" /></p>
<p>$1,000,000.00 Lamborghini Reventon</p>
<p>Don&#8217;t miss following cars:</p>
<ul>
<li><b>Aston Martin:</b> V-8 Vantage N400
</li>
<li><b>Audi:</b> 2009 A4 &amp; Q5 -Small CUV to compete with BMW X3</li>
<li><b>BMW</b>: New small 1-series &amp; M3 &#8211; new V8-powered 3-series</li>
<li><b>Ferrari: </b>430 Scuderia
</li>
<li><b>Honda</b>: FCX &#8211; The fuel-cell vehicle available in 2008</li>
<li><b>Lamborghini</b>: Reventon &#8211; The super-limited supercar costs a cool $1,000,000</li>
<li><b>Lincoln:</b> MKS &#8211; Lincoln&#8217;s new flagship sedan</li>
<li><b>Nissan</b>: GT-R &#8211; Introduced at Tokyo, Nissan&#8217;s new super sports car &amp; new Nissan Murano</li>
<li><b>Spyker</b> C8 LaViolette &#8211; exclusive Dutch automaker</li>
<li><b>Subaru</b>: Impreza WRX STI
</li>
<li><b>Toyota</b>: Sequoia &#8211; new muscular SUV from Toyota</li>
</ul>
<p>Technorati Tags: <a href="http://technorati.com/tag/LA+Auto+Show" rel="tag"> LA Auto Show</a>, <a href="http://technorati.com/tag/Concept+Cars" rel="tag"> Concept Cars </a></p>
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		<title>Blue Ghost in Ohio Gas Station</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/wi00-pB0_y4/</link>
		<comments>http://ebestagent.com/blue-ghost-in-ohio-gas-station/#comments</comments>
		<pubDate>Thu, 15 Nov 2007 00:18:43 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[NEWS]]></category>
		<category />
		<category><![CDATA[ghost]]></category>

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		<description><![CDATA[Blue spooky ghost image appears on surveillance video at Marathon Gas Station in Ohio. The blue cloudy ghost image floating around at the Marathon Gas station in Parma, Ohio.&#160; Some say it was an angel and that the gas station was built on an old Indian reservation.&#160; It appeared for more than half an hour [...]]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p><strong>Blue spooky ghost image appears on surveillance video at Marathon Gas Station in Ohio.</strong></p>
<p>The blue cloudy ghost image floating around at the Marathon Gas station in Parma, Ohio.&nbsp; Some say it was an angel and that the gas station was built on an old Indian reservation.&nbsp; It appeared for more than half an hour and caught on surveillance tape.&nbsp; Whatever it was, people are driving to gas station to see it for themselves.</p>
<p> <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/kaYnbZmsq0k&#038;fs=1" /><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><embed src="http://www.youtube.com/v/kaYnbZmsq0k&#038;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object></p>
<p>Technorati Tags: <a href="http://technorati.com/tag/ghost+image" rel="tag"> ghost image</a>, <a href="http://technorati.com/tag/ghost+video" rel="tag"> ghost video</a>, <a href="http://technorati.com/tag/Ohio+Gas+station+ghost" rel="tag"> Ohio Gas station ghost </a></p>
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		<title>Natavia Lowery arrested in Killing of Real Estate Agent</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/l9WrQOUYC6c/</link>
		<comments>http://ebestagent.com/natavia-lowery-arrested-in-killing-of-real-estate-agent/#comments</comments>
		<pubDate>Fri, 09 Nov 2007 23:36:53 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[NEWS]]></category>
		<category />

		<guid isPermaLink="false">http://ebestagent.com/natavia-lowery-arrested-in-killing-of-real-estate-agent/</guid>
		<description><![CDATA[Natavia Lowery, 26, the assistant of real estate agent Linda Stein, was arrested on November 9, 2007 A Manhattan personal assistant has told investigators that she bludgeoned her boss, the well-connected real estate agent Linda Stein, in the womanâ€™s opulent Fifth Avenue apartment because Ms. Stein swore at her, waved a stick at her and [...]]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p><b>Natavia Lowery, 26, the assistant of real estate agent Linda Stein, was arrested on November 9, 2007</b></p>
<p>A Manhattan personal assistant has told investigators that she bludgeoned her boss, the well-connected real estate agent Linda Stein, in the womanâ€™s opulent Fifth Avenue apartment because Ms. Stein swore at her, waved a stick at her and blew marijuana smoke into her face, the police said today.</p>
<p style="text-align: center;"><img src="http://ebestagent.com/wp-content/uploads/2007/11/natavia-lowery.jpg" width="400" height="310" alt="natavia-lowery.jpg" class="imageframe imgaligncenter" /></p>
<p>The assistant, Natavia Lowery, 26, of Brooklyn, was arrested this morning. At an afternoon news conference, Police Commissioner Raymond W. Kelly said Ms. Lowery had told the police that she struck Ms. Stein six or seven times on Oct. 30 with a four-pound exercise stick.</p>
<p>Mr. Kelly said that in Ms. Loweryâ€™s account, Ms. Stein had used â€œprofanity and derogatory languageâ€ and refused to stop blowing smoke at her even though the smoke was making her sick. Ms. Lowery had worked for Ms. Stein for about four months, but said Ms. Stein had not verbally abused her until the day of the killing.</p>
<p>Ms. Stein, 62, a real estate broker at Prudential Douglas Elliman, had a varied and storied career. Born in the Bronx, the daughter of a Jewish caterer, she was a pioneer on the punk-rock scene and became a manager for the Ramones. Later, she turned to real estate, working with celebrity clients like Madonna and Billy Joel.</p>
<p>The singer Elton John is preparing a memorial concert in Ms. Steinâ€™s memory.</p>
<p>Citing friends of Ms. Stein, The Daily News reported that the real estate broker might have met Ms. Lowery when the younger woman worked as a secretary at the Rogers &#038; Cowan public relations agency in Manhattan.</p>
<p>The News, citing unidentified sources, reported that Ms. Lowery had been arrested in December on misdemeanor charges of identity theft and petty larceny. She was accused of using a friend&#8217;s name to open up a $300 T-Mobile account and a $300 Target account and that Ms. Stein did not know about the arrest.</p>
<p>Ms. Lowery had been accused of stealing a high school friendâ€™s identity and using it to open accounts at Target and T-Mobile and to make additional purchases in Virginia. The charges against Ms. Lowery were eventually dropped and the case was sealed.</p>
<p>On Linda Stein&#8217;s Prudential Douglas Elliman real estate web site posted following message.</p>
<blockquote><p>We are filled with sadness that Linda Stein, our colleague for over 20 years, our friend, and an icon in the industry, passed away in the early morning of October 31. She was a bright light who quickly rose to fame once she entered the real estate business and became known as the â€œRealtor to the Starsâ€. Linda loved the challenge of working in the competitive housing industry. Described as feisty, talented, charming, and relentless, she used her many skills and talents to forge a place in this business like no other. And she made a difference, not only to her customers but to everyone who worked with her. More than anything though, Linda was full of life &#8211; and to those who had the pleasure of knowing her personally, she was much loved for her wit and humor. We will miss her terribly and our thoughts are with her family at this very sad time.
</p></blockquote>
<p style="text-align: center;"><img src="http://ebestagent.com/wp-content/uploads/2007/11/linda-stein.jpg" width="107" height="144" alt="linda-stein.jpg" class="imageframe imgaligncenter" /></p>
<p>Linda Stein&#8217;s ex-husband Seymour Stein is credited with discovering Madonna, who would become one of Stein&#8217;s first clients.</p>
<p>Technorati Tags: <a href="http://technorati.com/tag/Linda+Stein" rel="tag"> Linda Stein</a>, <a href="http://technorati.com/tag/Natavia+Lowery" rel="tag"> Natavia Lowery </a></p>
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		<title>Michael Jackson could lose Neverland Ranch due to deliquent</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/rlGL-Jf29nM/</link>
		<comments>http://ebestagent.com/michael-jackson-could-lose-neverland-ranch-due-to-deliquent/#comments</comments>
		<pubDate>Thu, 08 Nov 2007 00:23:22 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[REAL ESTATE NEWS]]></category>
		<category><![CDATA[Foreclosure]]></category>
		<category><![CDATA[NEWS]]></category>

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		<description><![CDATA[Michael Jackson might lose Neverland Ranch after being delinquent on $23 million loan payments. Michael Jackson, once &#8220;King of Pop&#8221; is at risk of losing his 2,800 acres Neverland Ranch in California due to delinquent loan payments. Jackson owed $23,212,963.00 on a $23,000,000.00 loan he took out in April 14, 2006, according to a foreclosure [...]]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p><b>Michael Jackson might lose Neverland Ranch after being delinquent on $23 million loan payments.</b></p>
<p>Michael Jackson, once &#8220;King of Pop&#8221; is at risk of losing his 2,800 acres Neverland Ranch in California due to delinquent loan payments.</p>
<p>Jackson owed $23,212,963.00 on a $23,000,000.00 loan he took out in April 14, 2006, according to a foreclosure and notice of default report posted online by the California branch of Fidelity National Financial insurance company.</p>
<p><iframe width="468" height="350" frameborder="0" scrolling="no" marginheight="0" marginwidth="0" src="http://maps.google.com/maps?q=5525+Figueroa+Mountain+Rd,+Los+Olivos,+Santa+Barbara,+California+93441,+United+States&amp;ie=UTF8&amp;hl=en&amp;cd=1&amp;geocode=0,34.730100,-120.093690&amp;sll=37.0625,-95.677068&amp;sspn=23.875,57.630033&amp;t=k&amp;om=1&amp;s=AARTsJrh321pOQSimGjc3YSlq9UG2kCTAg&amp;ll=34.745668,-120.088248&amp;spn=0.003086,0.00515&amp;z=17&amp;output=embed"></iframe><br /><small><a href="http://maps.google.com/maps?q=5525+Figueroa+Mountain+Rd,+Los+Olivos,+Santa+Barbara,+California+93441,+United+States&amp;ie=UTF8&amp;hl=en&amp;cd=1&amp;geocode=0,34.730100,-120.093690&amp;sll=37.0625,-95.677068&amp;sspn=23.875,57.630033&amp;t=k&amp;om=1&amp;ll=34.745668,-120.088248&amp;spn=0.003086,0.00515&amp;z=17&amp;source=embed" style="color:#0000FF;text-align:left">View Larger Map</a></small></p>
<p>Neverland Ranch is 2,800 acres, is located in Los Olivos, Santa Barbara county about 125 miles northwest of Los Angeles.</p>
<p>Notice of Default in California are usually issued when a homeowner misses their third payment.  </p>
<p>The eccentric music legend has been struggling to rebuild his career following his acquittal for child molestation charges in 2005.</p>
<p>Jackson left the property in June 2005 after being acquitted of the child molestation charges and has been living in Bahrain, Europe and Las Vegas in the western US state of <a href="http://www.carinsurancerates.com">Nevada</a>.</p>
<p>In mid-July, Jackson was ordered to pay more than $256,000 dollars in overdue fees to a California law firm he employed for work connected to his sex abuse trial.</p>
<p>Technorati Tags: <a href="http://technorati.com/tag/Michael+Jackson" rel="tag"> Michael Jackson</a>, <a href="http://technorati.com/tag/Neverland+Ranch" rel="tag"> Neverland Ranch </a></p>
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		<title>Citi CEO walk away with $31 million</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/cZ5WGyJ0JMA/</link>
		<comments>http://ebestagent.com/citi-ceo-walk-away-with-31-million/#comments</comments>
		<pubDate>Mon, 05 Nov 2007 23:39:06 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[FINANCIAL]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Finance news]]></category>

		<guid isPermaLink="false">http://ebestagent.com/citi-ceo-walk-away-with-31-million/</guid>
		<description><![CDATA[Ex-Citi CEO Charles Prince could walk away with as much as $31 million worth of unvested stock, stock options and benefits. That would be in addition to the nearly $61 million worth of stock holdings he already owns. Prince, who stepped down on Sunday amid billions of dollars in mortgage-related write-downs at the financial services [...]]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p><b>Ex-Citi CEO Charles Prince could walk away with as much as $31 million worth of unvested stock, stock options and benefits.</b></p>
<p> That would be in addition to the nearly $61 million worth of stock holdings he already owns.</p>
<p>Prince, who stepped down on Sunday amid billions of dollars in mortgage-related write-downs at the financial services company, is not believed to have an employment contract so his ultimate exit package would be subject to what he negotiates with the Citigroup board.</p>
<p>The amount is likely to be much less than for other high-profile departures of late, including the $161.5 million that Merrill Lynch &#038; Co Inc. said Stanley O&#8217;Neal would get in stock awards and benefits after he was ousted as CEO last week.</p>
<p>Prince could leave with as much as $28 million worth of unvested stock, about $1.28 million in stock options and $1.74 million in pension benefits, according to an analysis of Citigroup regulatory filings by Hay Group, a global management consulting firm based in Philadelphia.</p>
<p>The calculations were based on Citigroup&#8217;s closing stock price of $37.73 on Friday.</p>
<p>Prince became CEO in 2003 and was named chairman in 2006. His departure ends a turbulent tenure as company chief that was marked by heavy turnover among his senior managers, questions over the company&#8217;s strategy and heavy loan and credit losses.</p>
<p>Because of the company&#8217;s falling stock price, many of Prince&#8217;s stock options are under water, meaning they have no current value.</p>
<p>The major variable for Prince is expected to be the value of his unvested stock, and whether or not the board will agree to have these shares immediately vest. He could leave with as much as $28 million in unvested stock if a roughly $12 million grant set to vest in July 2008.</p>
<p>Prince also has about 1.7 million stock options that are under water, meaning they have no current value. In Citigroup filings, he has the next two years to exercise them as long as he doesn&#8217;t compete with Citigroup&#8217;s business operations. </p>
<p>Technorati Tags: <a href="http://technorati.com/tag/Charles+Prince" rel="tag"> Charles Prince</a>, <a href="http://technorati.com/tag/Citi" rel="tag"> Citi</a>, <a href="http://technorati.com/tag/Citigroup" rel="tag"> Citigroup </a></p>
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		<title>Commercial real estate market still strong</title>
		<link>http://feedproxy.google.com/~r/eBestAgent/~3/6Z35evNQKcI/</link>
		<comments>http://ebestagent.com/commercial-real-estate-market-still-strong/#comments</comments>
		<pubDate>Sat, 03 Nov 2007 10:11:25 +0000</pubDate>
		<dc:creator>eBestAgent</dc:creator>
				<category><![CDATA[REAL ESTATE NEWS]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>

		<guid isPermaLink="false">http://ebestagent.com/commercial-real-estate-market-still-strong/</guid>
		<description><![CDATA[Led by strong growth in the office and retail segments, commercial property sales hit $401 billion through Oct. 18, outpacing last yearâ€™s $359 billion total, according to Real Capital Analytics, a New York based real-estate research firm. Construction spending on office buildings, shopping centers and other private, nonresidential projects jumped 15.2 percent in August, the [...]]]></description>
			<content:encoded><![CDATA[<div class="KonaBody"><p><strong>Led by strong growth in the office and retail segments, commercial property sales hit $401 billion through Oct. 18, outpacing last yearâ€™s $359 billion total, according to Real Capital Analytics, a New York based real-estate research firm.</strong></p>
<p>Construction spending on office buildings, shopping centers and other private, nonresidential projects jumped 15.2 percent in August, the Commerce Department said last month.</p>
<p>There are some signs of slowing growth, analysts say, but nothing compared to the residential real estate market, where foreclosures and mortgage defaults are still rising rapidly, mainly from subprime mortgages extended to risky borrowers. Most economists forecast further declines in home sales and prices, making it â€œthe most significant current risk to our economy,â€ Treasury Secretary Henry Paulson said last week.</p>
<p>The commercial market has not been dragged down by the residential mortgage mess because for the most part, buyers and sellers are more sophisticated, and they have more financial flexibility and resources to ride out credit-market turmoil, experts said.</p>
<p>â€œItâ€™s a different animal than the nonresidential construction business with the direct relationship between banks and business leaders, not banks and homeowners,â€ said Bernard Baumohl, managing director of The Economic Outlook Group in Princeton, N.J.</p>
<p>If the broader economy stumbles, the commercial real estate market would be vulnerable to â€œcredit-risk contagion,â€ Wheaton said. Already, the credit crunch that started in mortgages has spread to other markets, including the commercial market, with some sellers asking for more capital upfront when mortgage-backed assets are financing a transaction.</p>
<p>Technorati Tags: <a href="http://technorati.com/tag/Commercial+Real+Estate" rel="tag"> Commercial Real Estate</a>, <a href="http://technorati.com/tag/Commercial+Real+Estate+Market" rel="tag"> Commercial Real Estate Market </a></p>
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