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Commercial property rent projected to drop (The Japan Times)
Seeking higher rents from tenants moving into new buildings has become "difficult" amid the economic slowdown resulting from the credit crisis, according to a senior official of Mitsubishi Estate Co. Mitsubishi Estate, the owner of about 30 buildings in areas adjacent to Tokyo Station and Japan's largest developer by market value, earned record operating profit on rising leasing income for the ...
Despite Economy, Study Reveals Greening of Building Portfolios Remains a Priority for Commercial Real Estate Industry (Business Wire via Yahoo! Finance)
BOSTON----Despite a faltering economy, commercial building owners are continuing to allocate funds and resources to green their portfolios. According to the “2008 Green Survey: Existing Buildings,” the second annual national survey of the commercial real estate sector, more than 80 percent of respondents have allocated funds to green initiatives this year.
Property Managers Recommend NorthStar Moving for Commercial and Residential Moves (Business Wire via Yahoo! Finance)
LOS ANGELES----NorthStar Moving Corporation, the leading residential and commercial mover in California, offering local, intrastate, interstate, and international moves, as well as storage services, today announced that an impressive array of property managers are recommending the company’s eco-luxury storage and moving services to their commercial and residential tenants with great success.
County begins second phase of office space study (The Scranton Times-Tribune)
The county commissioners approved an $89,000 contract for the second phase of the space utilization study commissioned in July. The money will come from the county's capital budget.
Braintree tax rate plan keeps residential share low (The Patriot Ledger)
The new tax rate for Braintree commercial property owners will continue to be more than double the rate homeowners pay under a board of assessors recommendation.
Commercial Real Estate Investing Is About the Bust, Not the Boom, Trump Says (PRWeb via Yahoo! News)
David Lindahl loves a commercial real estate market that's in trouble, because that means there's opportunity. In his new Trump University book, "Commercial Real Estate Investing 101", he explains why most beginning investors fail.