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2008: The year that wasn’t in commercial real estate (BizJournals)
In many ways, 2008 was the year that wasn’t in the Louisville commercial real estate market.
U.K. Commercial Property Index Fell Most on Record in 2008 (Bloomberg)
Jan. 2 (Bloomberg) -- U.K. commercial property companies recorded their worst year in 2008 as real estate values plummeted in the global credit crisis.
More empty office space bodes poorly for banks (Pioneer Press)
Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders.
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.
REITs: Worst. Year. Ever. (The New York Observer)
From the Journal on REITs' 2008 : "As their worst year on record finally ends, real-estate investment trusts are bracing for a Darwinian 2009. ... During 2008, investors treated almost all REITs with a heavy dose of skepticism. Of the 114 stocks tracked by the Dow Jones Equity All REIT index, only four had positive returns. The biggest winner: Pittsburgh & West Virginia Railroad , a tiny ...
A tenant market's meltdown (Channel NewsAsia)
SINGAPORE - Tenants for office space are beginning to enjoy more bargaining power as increased supply for such commercial property and a weakening economy drive rents lower.
China PBOC Official: Agencies Discussing Plan For REIT Trial (Nasdaq)
BEIJING -(Dow Jones)- China's government agencies are discussing a plan to launch a trial for real estate investment trusts, a senior central bank official said Tuesday.
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.
Commercial property-the next domino to drop (Calcutta News)
2009 is expected to be a bad year for US commercial real estate.
Sell versus lease stalls DeSoto Police Jury land deals (The Shreveport Times)
Police jurors had agreed to sell land at the west industrial park for $6,000 an acre. The verbal agreements were moving forward until District Attorney Don Burkett advised the Police Jury in December that it must first get an appraisal, advertise the land for sale and have a public hearing to allow comments.