Commercial Property News Archive for 06-Jan-2007

Sales of federal flood insurance rise (AP via Yahoo! News)

Sales of federal flood insurance rose sharply across the country last year as homeowners saw the devastation from Hurricane Katrina and realized that typical policies didn't cover many losses.

Travelers won't desert commercial insurance (New Orleans Times-Picayune)

St. Paul Travelers Cos. Inc., Louisiana's largest commercial insurance provider, is backing off plans to drop nearly all of its commercial property coverage in south Louisiana and now plans to retain 60 percent of its business in the area.

Commercial building burns (Courier-Post)

A two-alarm blaze in a vacant commercial property on south 5th Street near Clinton Street kept firefighters busy for more than an hour this evening, an emergency dispatcher said.

Woodbury Purchases Site at Stansbury Park (RedNova)

Woodbury Corp. has closed on the purchase of 27 acres of commercial property at Stansbury Park in Tooele County from Lucadia Financial Corp., NAI Utah Commercial Real Estate said. The price was not disclosed.

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