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.

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.

Industrial park could create economic opportunities (Eastern Arizona Courier)
A proposed light-industrial park on Safford’s east side will allow the city to market itself across the United States and will create opportunities for local companies to expand, Safford Community and Economic Development Director Pete Stasiak said.

BURSA MALAYSIA SCOREBOARD: JAN 05 (Bernama via Yahoo! Malaysia News)
BURSA MALAYSIA SCOREBOARD: JAN 05 . UP DOWN UNCHANGED TRADED CONSUMER 42 10 13 65 INDUSTRIALS 93 14 23 130 CONSTRUCTION 24 6 6 36 TRADING/SERVICES 91 22 21 134 TECHNOLOGY 11 3 2 16 FINANCE 32 4 6 42 HOTELS 4 0 0 4 PROPERTIES 56 14 5 75 PLANTATIONS 35 2 3 40 MINING 1 0 0 1 REITS 7 2 1 10 LOAN STOCK 5 1 2 8 P4CONDITION 0 0 0 0 SECOND BOARD 72 24 26 122 CLOSED/FUND 1 0 0 1 ETF 1 1 0 2 ...

Damac Properties' 'XL Tower' rising at Business Bay (AME Info)
Luxury lifestyle provider, Damac Properties has announced that XL Tower, a modern and elegant commercial tower located at Business Bay has reached the Podium 3 level.

Suit targets FEMA, business park in St. Peters (Suburban Journals)
An environmental group with a long-standing opposition to building on flood plains has launched another legal battle involving the development of a business park near the Mississippi River in St. Peters.

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 ...