Commercial Property News Archive for 27-Feb-2009

Commercial property owners to appeal for lower taxes (The Record)

Faced with sinking property values, commercial real estate owners this spring plan to appeal assessments of their buildings to lower their property taxes, potentially adding to the burden of financially strapped North Jersey towns and homeowners.

ACE USA Launches Pollution Coverage to Respond to Growing Needs of Commercial Property Owners and Managers (Business Wire via Yahoo! Finance)

PHILADELPHIA----ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the launch of ACE Premises Pollution Liability Portfolio , a program designed to offer pollution coverage in a single policy for owners, operators and managers of a flexible mix of U.S.-based small, mid-size and national account commercial property, including hospitality, ...

Liberty losses soar to more than £2.7bn (Financial Times)

Liberty International has seen the value of its assets tumble by more than £2.7bn in the last year, forcing the commercial property group to sell assets and turn to shareholders to bolster its balance sheet.

From The Mayor's Office (Garden City News)

A NOTE ON THE BUDGET As discussed in last week's column, our Village is facing problems in preparing its budget for its June, 2009 - May, 2010 fiscal year, primarily due to shortfalls in income (mortgage taxes, investment income, and court-ordered commercial property tax reductions).

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