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.

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.

Commercial properties face bursting bubble (Moldova.org)
Rising vacancy rates in U.S. office buildings are pointing to a possibility that a commercial real estate bubble could burst, industry observes said.Vacancy rates have reached 10 percent and are rising quickly in major U.S. cities, The New York Times reported Monday.The Real Estate Roundtable, a lobbying group in Washington, has asked Treasury Secretary Henry Paulson Jr. to include commercial ...

Industrial Park interchange on a fast track (The Florence Times-Daily)
A fast-track construction project to improve access to Barton Riverfront Industrial Park is moving forward despite a wet winter.

UPDATE 1-Chinese banks' mortgage books in good shape-c.bank (The Forex Market)
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.

Dick Hogan - Commercial Property (The News-Press)
- Larry and Lorinda Close purchased a 1,584-square-foot commercial building on 0.62 acre at 19059 S. Tamiami Trail, Fort Myers, for $410,000. Michael Frye, CCIM, and Steve Spinosa of the Frye Commercial Group at RE/MAX Realty Group Commercial Division, negotiated the transaction.

City Council Candidate Said He Believes VW Plant Won't Happen (The Chattanoogan)
A City Council said Monday he believes the proposed $1 billion Volkswagen plant at the Enterprise South industrial park won't happen. Dr. Clifford Eberhardt said, "When you look at all the indicators, I don't think it is going to be built."

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.