Commercial Property News Archive for 28-Feb-2009

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, ...

Gregg aided former base as he invested there (AP via Yahoo! News)

Sen. Judd Gregg, President Barack Obama's former nominee for commerce secretary, won taxpayer money for redevelopment of a shuttered Air Force base where he and his brother had invested in commercial property, an Associated Press investigation found.

Blackstone Q4 loss more than doubles (BizJournals)

The Blackstone Group LP, one of Silicon Valley's largest commercial property owners, posted a fourth quarter loss of $406.3 million, or $1.52 a share, on Friday. (BX)

New funds snap up distressed assets (Financial Times)

A gulf is opening up in the commercial property market between professional investors looking for opportunities in distressed assets and retail investors still fleeing funds.

Commercial property returns hit record lows (Financial Times)

Returns from commercial property fell to record lows last quarter, making 2008 the worst-ever year for property investment after a freefall in values that took the market by surprise.

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