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Industrial rents drop in fourth quarter (Las Vegas Business Press)
Las Vegas Valley industrial rents began a downward slide during the summer that continued into the fourth quarter, Grubb & Ellis Las Vegas reports. Property owners have tried aggressively to attract new tenants with free rent and upgraded finishes.
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 ...
(AFX UK Focus) 2009-01-06 03:55 UPDATE 1-Chinese banks' mortgage books in good shape-c.bank (Interactive Investor)
BEIJING, Jan 6 (Reuters) - Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, in spite of a downturn in the real estate market, a central bank official said on Tuesday. Banks had extended 2.95 trillion yuan ($432 billion) in home loans by the end of November, up 10.6 percent from a year earlier and accounting for about 10 percent of their local ...
Planners Look to Pax River as Guide Ahead of Military Base Expansions (Washington Post)
Where once there were trees and fields there stand office buildings adorned with the names of giant military contractors: Northrup Grumman, Sikorsky, Raytheon and more. The road leading to the Patuxent River Naval Air Station has widened from two lanes to six and become lined for miles with shopping...
Office Demand Is Down, and So Are the Deals (New York Times)
The credit crisis and recession crushed deal making in office buildings in 2008.
Hot property in East Milton (Pensacola News Journal)
Information tech company wants space in county's industrial park.