Miami Land Sale Delayed by Six More MonthsMiami land sale deal between McClatchy (MNI - the seller) and Citisquare Group (the buyer) was extended for the second time after the latter failed to exercise its option to buy the 10 acres of land adjacent to the Miami Herald.The deal was supposed to be completed on Tuesday, June 30, 2009. The date of closing the deal is now extended to December 31, 2009. Citisquare Group is required to increase the termination fee payable to McClatchy due to the extension of the agreement.Earlier, on December 30, 2008, McClatchy announced the extension of the closing date of the agreement (previously December 31, 2008) to sell the 10 acres in order to gain some time to arrange financing in this troubled credit environment, as falling real ...

A few years back, I couldn’t believe that my father had finally bought a Garmin (NASDAQ:GRMN) GPS navigation system. It was a removable one, and the thing wasn’t cheap – around $600. We went to Orlando to look at real estate deals (back during the boom years) and just as I suspected, we got completely lost.

None the less, my dad loved the damn thing. And admittedly, I have one too (because they’re a lot better!). In fact, millions of people do. Garmin’s stock soared for years on the back of increased sales of their GPS units.

But you have to wonder whether people are willing to fork out a few hundred bucks on a non-essential when they’re about to lose their homes, their car, probably their dogs too.

Remember, markets are forward looking. What this decline from $120 to $17.20 per

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High yields don’t always mean high value, says Matthew Collins. Some Real Estate Investment Trusts (REITs) now yield an attractive 16%. But commercial real estate is in a perilous position right now. And Matthew says investors should resist the temptation to go bottom fishing just yet. Later in the year, there could be some great opportunities to cash in on a recovery bounce.

This from Sovereign Society:

In a previous A-Letter, we talked about the three attributes necessary to make a portfolio successful in this kind of market. One of those attributes was yield…something that’s become easier to find as equity markets take more and more of a beating. But you have

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