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UPI NewsTrack Business (UPI)
U.S. markets lower Monday ... In global crisis, money stays home ... Swedes may help resolve Ukraine's gas bill ... Commercial properties face bursting bubble ... News from United Press International.
No federal bailouts for commercial real estate developers (Seattle Times)
The federal government should refuse the latest group with a request for a federal bailout — commercial real-estate developers. The federal infusion of money to shore up financial institutions was reasonable because the potential domino effect of failure threatened international banking system. The U.S. Treasury cannot heal every economic ill, and it needs to draw the line well short of ...
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.
Office Demand Is Down, and So Are the Deals (New York Times)
By most accounts, the commercial property market reached its pinnacle in early 2007 with the Blackstone Group ’s acquisition of Equity Office Properties Trust and its prized cache of more than 500 office buildings.
UAE's Nakheel mulls dual stock listing to raise $15b (MENAFN)
UAE's Nakheel mulls dual stock listing to raise $15b
Birmingham Economic Forecast: Commercial Real Estate (BizJournals)
Nonexistent credit for companies and mounting job losses will make 2009 a tough year for the commercial real estate industry, experts say.