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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.
U.S. Private Equity Firms Seek Bargains in Japanese REIT Market (Commercial Property News)
Japanese REITs, which have lost more than 50 percent of their value on the Tokyo Stock Exchange since their peak last year, are increasingly attracting the attention of U.S.-based private equity firms like Oaktree Capital Management, which has launched the first tender offer for a REIT in Japan.
No federal bailouts for commercial real estate developers (Seattle Times)
The federal government should refuse the latest group with a request for a federal bailout — commercial real-estate developers. The federal infusion of money to shore up financial institutions was reasonable because the potential domino effect of failure threatened international banking system. The U.S. Treasury cannot heal every economic ill, and it needs to draw the line well short of ...
Local inventors could score cash, office space (Rapid City Journal)
A new program will award some lucky inventors some cash and office space to work on their
Hagan welcomes supporters, not reporters (The News & Observer)
U.S. Sen.-elect Kay Hagan will, like other new members of Congress, hold an open house for members of the public in her temporary office space Tuesday. But the press is not invited.
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 Real Estate Market Cools (KITV Honolulu)
In the new year, many are predicting tougher times for commercial real estate.
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.
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.