Commercial Property News Archive for 22-Dec-2007

Calif. developer expands east with Imperial Center purchase (The News & Observer)

Crown Realty & Development, which has amassed a 2-million-square-foot portfolio of commercial property on the West Coast, is bulking up in the East.

Moody's May Downgrade Centro's Rating (AP via Yahoo! Finance)

Moody's Investors Services said Friday it may downgrade 900 million Australian dollars in bonds issued by Centro Shopping Centre Securities Ltd. and backed by commercial property mortgages.

Commercial property funds suffer devaluations (Financial Times)

Open-ended commercial property funds have ended their worst period for 15 years on a suitably dour note but there are signs of investor optimism returning for property companies.

Downtown Phoenix high rises in demand (The Arizona Republic)

Commercial property investors are making last-minute attempts to place capital in office towers before year's end, and the downtown submarket could benefit.