Ayotte suggests leasing surplus state land for housing
Gov. Kelly Ayotte suggests leasing surplus state land for residential development to help curb New Hampshire's housing shortage and attract more workers to the state.
CB Richard Ellis Group sees earnings hike
Retail real estate investment company CB Richard Ellis Group reported yesterday a 26 percent increase in first-quarter 2006 revenue.
The quarter ended March 31 saw revenues of $680.1 million with diluted earnings per share of 48 cents. First-quarter 2005 brought diluted earnings per share of 19 cents. Excluding one-time charges, first-quarter diluted earnings per share were 52 cents, marking a 108 percent increase from the 25 cents earned in the first-quarter 2005.
The company reported net income of $36.9 million, or 48 cents per diluted share, for first-quarter 2006. First-quarter net income for 2005 was $14.6 million, or 19 cents per diluted share.
Excluding one-time items, the company would have earned net income of $40.1 million, or 52 cents per diluted share, in the first quarter of 2006, up 110.7 percent and 108 percent respectively, compared with net income of $19 million, or 25 cents per diluted share in the first quarter of 2005.
Earnings before interest, taxes, depreciation and amortization were up 64.5 percent from the same quarter 2005, to $82.7 million. – TRACIE STONE
