Commercial Property News Archive for 10-Feb-2008

Sentinel Morning Update: Carlisle DID plan sets forth proposed tax rate (The Sentinel)

Commercial property owners in Carlisle would be assessed a 3.75 mil real estate tax increase, starting in January and continuing for five years, under a proposal to implement a Downtown Improvement District.

Debt fears heighten in US and Europe (Financial Times)

Fears about corporate and commercial property debt reached new heights in the US and Europe on Friday as investors liquidated holdings in a sign of spreading credit turmoil.

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The amount of money being withdrawn from commercial property funds inc-reased almost twelvefold during the last three months of 2007, as investors rushed for the exit in a panic-stricken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

British Land writes off �1.4bn from value of commercial property as market ebbs (Guardian Unlimited)

� Portfolio drops 8.9% amid failing investor confidence� UK's No 2 developer insists appetite is recovering

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).