Commercial Property News Archive for 13-Aug-2008

200 jobs to go as Rok shifts focus amid downturn (The Herald)

ROK, the building and maintenance group, announced yesterday that it will close its commercial property division with the loss of about 200 jobs, as it unveiled a 22% rise in first-half profits and a higher dividend.

Austin commercial property sales volume drops 83% (BizJournals)

Nearly $700 million in commercial property changed hands in Austin during the first half of the year, significantly less than the same period in 2007.

Buildings destroyed after rate relief is abolished (Independent)

Some landlords are already demolishing buildings, as the financial pain of the Government's removal of business rate relief on empty commercial property hits home.