Commercial Property News Archive for 03-Aug-2007

Illinois Commercial Property Acquired by Real Estate Company (PR Newswire via Yahoo! Finance)

DDRS is pleased to announce the purchase of an office park in Des Plaines, Illinois.

Property value increased; sales tax to remain level (Plano Courier)

Residential and commercial property owners will see a change in their property taxes due to valuation jumping to an all-time high for fiscal year 2007-2008 beginning Oct. 1.

LoopNet Acquires Cityfeet.com, the Largest Distribution Network for Commercial Property Listings (Business Wire via Yahoo! Finance)

SAN FRANCISCO----LoopNet, Inc. , which operates the largest commercial real estate marketplace online, announced today that it has acquired privately held Cityfeet.com. Cityfeet operates the largest online distribution network for commercial property listings and the second largest online marketplace for commercial property listings at Cityfeet.com, with over 100,000 active listings.

Tenant demand strong bar non-London retail (Reuters.co.uk)

LONDON (Reuters) - Tenant demand for commercial property space has yet to buckle in the wake of higher borrowing costs and remains near a 7-year peak, but enquiries from retailers outside London are falling, data showed on Thursday.

Norwegian fund readies £20bn spending spree (thebusinessonline.com)

EUROPE?S largest pension fund is about to spend as much as £20bn (E30bn, $40bn) on global commercial property, including UK assets, in the latest sign that governments are emerging as leading global investors.

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