Price Legacy Corporation Declares Series 1 Preferred Stock Dividend

Price Legacy Corporation announced today that its Board of Directors declared a dividend of 29 cents per share payable on August 15, 2008 to Price Legacy 6.82% Series 1 Cumulative Redeemable Preferred (OTC: PLREP) shareholders of record on August 8, 2008. The Company is a subsidiary of PL Retail LLC, a joint venture between Kimco Realty Corporation (NYSE: KIM) and clients of DRA Advisors LLC.

Spartan gets 6-year tax break on new machinery

Spartan Steel Coating has been given a 50 percent property tax break for six years on a $13.5 million investment in new machinery at its plant in Frenchtown Township. The township board voted 7-0 to approve the industrial facility’s tax exemption Tuesday afternoon following a brief public hearing. The six years starts in 2008. Dave Brandau, operations manager for the firm, said he was surprised the firm didn’t get the full 12 years allowed...