Commercial Property News Archive for 05-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 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.

City trying to get land sold, used (Dallas Morning News)

By all accounts, the large tract of land is a real estate gem that holds boundless development potential for a city that could use a boost in commercial property and retail sales taxes.

Vornado in fresh bid to win over EOP (Financial Times)

Vornado Realty Trust on Sunday night offered to pay the cash portion of its $39.1bn bid for Equity Office Properties upfront, in a fresh attempt to win over investors and board members in the take-over battle for the US commercial property group.

Commercial property prices double (Gulf News)

Dubai: Hot property sales in Emirates Hills, Barsha and Mirdiff helped push land prices up an average of 64 per cent last year, according to a price index by the Dubai Land Department.

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