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Council OKs rezoning of residential properties to business (The Morning Journal)
LORAIN — City council members unanimously approved rezoning two residential properties on Cooper Foster Park Road to business zoning at last night’s meeting to conform with nearby properties.
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.
Florida Land Auctions and Florida Commercial Real Estate Auctions Rapidly Approaching in Nassau County, Yulee, Florida (PRWeb)
A Florida land auction has been announced by United Country Certified Real Estate's Tallahassee Office. This commercial real estate auction in Nassau County, Yulee, Florida is scheduled for Wednesday, January 21, 2009 at 2:00 p.m. (PRWeb Jan 6, 2009) Read the full story at http://www.prweb.com/releases/FloridaRealEstateAuctions/FloridaLandAuctions/prweb1828324.htm
Vacancies in office buildings rise faster (Seattle Times)
Every major city in the U.S. is seeing office-building vacancies top 10 percent, creating another big problem for already hurting lenders.
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.
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.
ProLogis to Sell China Operations, Interest in Japan Funds to GIC for $1.3B (Commercial Property News)
Looking for ways to quickly cut debt and strengthen its balance sheet, industrial REIT giant ProLogis said it was selling its China operations and a 20 percent interest in its Japan property funds to GIC Real Estate for $1.3 billion.