Commercial Property News Archive for 23-Dec-2007

Manassas officials will decide to raise commercial property tax tonight (InsideNoVa.com)

The Manassas Park City Council is expected to vote tonight on whether to pass enabling legislation that would allow the city to raise the commercial property tax by up to 25 cents at a future date.

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.

Commercial property flood for Europe by 2010 (Daily Telegraph)

The flagging European commercial property market could be hit by a record ?43bn (£31.1bn) of assets put up for sale over the next three years due to a peak in the number of property funds due to close.

Manassas Park officials will decide to raise commercial property tax tonight (Potomac News)

The Manassas Park City Council is expected to vote tonight on whether to pass enabling legislation that would allow the city to raise the commercial property tax by up to 25 cents at a future date. This potential tax hike was made possible by the new taxing authority of the Northern Virginia Transportation Authority. Passed at the last General Assembly legislative session, House Bill 3202 allows ...

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.

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