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Commercial Real Estate Market Cools (KITV Honolulu)
In the new year, many are predicting tougher times for commercial real estate.
Commercial parking lots approved for South Beach residential areas in Fort Pierce (Fort Pierce Tribune)
The City Commission gave final approval Monday night to allowing commercial parking lots to be built in certain residential areas on South Beach, despite objections from some residents.
Tower REIT revalues 3 properties (Business Times (Malaysia))
TOWER Real Estate Investment Trust has revalued three properties under its stable namely Menara HLA, HP Towers and Menara ING. The revaluation exercise conducted by GLM REIT Management Sdn Bhd, manager of Tower REIT, was to ascertain the current market values of the three buildings.
Commercial real estate in for tough 2009 (San Jose Mercury News)
In the commercial real estate market, the balance of power between landlords and tenants will shift dramatically in 2009.
ProLogis to Sell China Operations, Interest in Japan Funds to GIC for $1.3B (Commercial Property News)
Looking for ways to quickly cut debt and strengthen its balance sheet, industrial REIT giant ProLogis said it was selling its China operations and a 20 percent interest in its Japan property funds to GIC Real Estate for $1.3 billion.
West Valley park becomes shrine to 2 slain boys (The Arizona Republic)
Jesse Ramirez, 7, and Edwin Pellecier, 10, died in the hospital after being beaten to death at a park inside a housing development at 91st Avenue and Lower Buckeye Road.