Commercial Property News Archive for 15-Aug-2008

Germany's Aareal Bank reports 26 percent loss of profits in second quarter (People's Daily)

Aareal Bank AG, a German commercial-property lender, reported 26 percent loss of profits in the second-quarter on Wednesday due to investment losses. The bank's net income fell to 28 million euros (about 42 million U.S. dollars) from 38 million euros (some 56 million dollars) a year earlier. The figures reflect the difficulties faced by small and medium banks in Europe due to the global ...

Blackstone, rivals eye $1 bln China commercial property (Khaleej Times)

SHANGHAI - Global buyout funds and property investors including Blackstone Group are vying to buy up to four commercial buildings in Shanghai for as much as $1 billion, three sources with direct knowledge of the matter said.

Rye town considers requiring income data for commercial property assessments (The Journal News)

RYE TOWN - A legal battle with the Hilton Rye Town has led the town to consider requiring commercial real estate owners to provide income and expenditure information for the properties to help assess their value, town officials said.

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