Commercial Property News Archive for 04-Feb-2007

Commercial property overtakes stock market (Mortgage Introducer)

Commercial property proved to be the best performing asset class in 2006 with total returns of 18.1% according to the IPD Monthly Index, significantly above equities at 16.8% and gilts at -0.1%. The dominant market place for the private investor is the national auction rooms and last year saw a record £2 billion of stock sold through the leading auction firms.

Business association supports improvement district (The Citizens' Voice)

WILKES-BARRE ? The Downtown Wilkes-Barre Business Association announced its support Friday for a proposed business improvement district in which commercial property owners would pay a fee for supplemental services such as increased security, maintenance and marketing.

BUSINESS BRIEFS (The Morning News)

* Pat Morrison and Fred Wanger have formed Northwest Arkansas' newest commercial real estate firm, Morrison Wanger Properties. The firm is located in the Cooper Communities Building at Barrington Center in Rogers. Morrison and Wanger have been listing, leasing and selling commercial property in the area for more than 15 years.

Higher borrowing costs hit commercial property boom (Financial Times)

The commercial property boom in the UK has finally ended, judging by data suggesting that prices started to fall in the closing months of last year. The past five years have seen billions of pounds pour into offices, shops and industrial property as investors reappraised the merits of the sector.

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