Commercial Property News Archive for 08-Feb-2008

Property correction wipes �1.3bn off value of British Land's assets (Independent)

Setbacks in the commercial property market caused by the global credit crunch have wiped �1.3bn off the value of British Land's assets in just three months, the UK real estate giant revealed yesterday.

Investors flood out of commercial property funds as returns drop (Independent)

The amount of money being withdrawn from commercial property funds inc-reased almost twelvefold during the last three months of 2007, as investors rushed for the exit in a panic-stricken response to sharp falls in asset prices.

Commercial property funds return less (Daily Telegraph)

Listed property companies have failed to match the performance of the property they invest in or to do as well as commercial property funds over the last 17 years, according to recent figures from Investment Property Databank and the Association of Real Estate Funds (Aref).

DATABASE: Real estate sales from Westchester, Orange added yesterday (The Journal News)

An update to our database of residential and commercial property sales yesterday added information about 744 deed transfers in Westchester and Orange counties.