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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.
APPLAUSE (The Fort Collins Coloradoan)
Debi Good has joined Realtec Fort Collins as an administrative assistant. She was involved in commercial property management before joining Realtec.
Report: Tough commercial real estate market will linger (BizJournals)
Grubb & Ellis Co. on Monday released its 2009 global forecast that predicts a troublesome year for commercial real estate in the U.S., including Greater Sacramento.
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.
China to Introduce Real-Estate Investment Trusts (Update1) (Bloomberg)
Jan. 6 (Bloomberg) -- China’s central bank and banking regulator are formulating a plan to allow developers to raise funds through real-estate investment trusts, or REITs, hoping to restart construction projects hamstrung by financing issues.