Commercial Property News Archive for 26-Dec-2007

Will banks blink as UK commercial property plummets? (Reuters via Yahoo! UK & Ireland News)

Bankers are weighing up an 186 billion pounds question: could a record wave of commercial property buying in Britain in 2004-2007 unravel in a tsunami of forced selling now valuations are plummeting?

City plans to sell Downtown building (The Jersey Journal)

A city-owned commercial property in downtown Jersey City will soon have a "for sale" sign. City officials said last week they intend to sell 121-125 Newark Ave., a four-story building that currently houses nonprofit and government offices, including the Jersey City Employment & Training office.

Commercial Property Developers Reveal Market Trends in the Big Apple (Commercial Property News)

The unique stature of Manhattan often overshadows New York City's other boroughs and suburbs, considered by many commercial property experts to be vibrant and complex markets.

Friends Provident Freezes Commercial Property Fund, Times Says (Bloomberg.com)

Dec. 20 (Bloomberg) -- Friends Provident Plc, a U.K. insurer, froze a 1.2 billion pound ($2.4 billion) commercial property fund after increasing numbers of investors withdrew funds in the past three weeks, the London-based Times said.

Leading questions: Rob Lang, AMP NZ Office Trust executive director (The New Zealand Herald)

Rob Lang runs the country's largest specialist listed commercial property business, AMP NZ Office Trust, known in the markets as ANZO. He has developed something of a profile, being a qualified ski instructor, fluent German speaker and inveterate motor cycle rider.

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