Commercial Property News Archive for 23-Dec-2008

Wall St lower on gloomy data (Daily Telegraph)

US stocks closed lower overnight on concerns over corporate earnings and plunging retail sales as well as deteriorating US commercial property values in an economy reeling from prolonged recession.

Falling UK commercial property prices (Financial Times)

UK commercial property prices have already fallen by 25 per cent since last summer, but there is now clear evidence is that the UK property market has entered its so-called ?double dip? phase as falling rents from struggling office and retail occupiers began to accentuate already dropping prices in the cyclical market downturn over the past year.

US property developers latest to seek bailout (Independent)

Commercial property developers are lobbying for a piece of the US government's Wall Street bailout fund, warning yesterday that a real estate crash could wreak new havoc on the banking system next year.

Commercial property returns fall (NZCity)

20 December 2008 The days of big returns from commercial property are over, according to the latest figures from the Property Council. Total returns have not only fallen in the year to September, but for the first time in 14 years they have declined on a quarter-by-quarter basis.

Despite Faltering Economy, Commercial Property Insurer FM Global Maintains A+ (Superior) Financial Strength Rating and ... (Business Wire via Yahoo! Finance)

JOHNSTON, R.I.----Despite the current economic slump adversely affecting many companies? performance, commercial property insurer FM Global, one of the world?s largest business property insurers, has maintained an ?A+? financial strength rating and ?stable? rating outlook from A.M.

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