Commercial Property News Archive for 02-Jan-2008

Commerce Bancorp Sells Insurance Unit (AP via Yahoo! Finance)

Commerce Bancorp Inc. completed the sale of its insurance brokerage business for an undisclosed sum. The sale -- to a group led by Commerce Insurance Services' chairman, George Norcross, and president, Michael Tiagwad -- includes Commerce's commercial property and casualty, employee benefits and other specialty insurance lines.

Obituary - John "Jack" Bertsch, Westlake commercial property-leasing agent (The Plain Dealer)

UPDATED: 04 :49 a.m. EDT, December 29, 2007 Jack Hanrahan, 74, plays his harmonica in his room at the River Point Care Center in Olmsted Falls December 18, 2007. Jack, an Emmy-winning Hollywood comedy writer who ended up homeless on the street's of Cleveland, is regaining his health and has begun writing his memoirs and sketching cartoons.

Japan offers a salutary tale in banking crises (FT.com via Yahoo! News)

Adecade ago, Tadashi Nakamae, a prominent Japanese economist, was fretting about a credit crunch: a property bubble had burst in Japan, leaving local banks engulfed in bad loans and prompting a financial crisis.

Banks halt commercial property loans (Daily Telegraph)

Some of the City's biggest investment banks have stopped lending to commercial property buyers, stifling deals in an already depressed market.

Top real estate deals of '07 (BizJournals)

While 2007 lacked many blockbuster real estate deals, the Dayton area still saw some big dollars spent on commercial property. As in years past, many of the top deals this year came from the hands of out-of-state investors who continued to shell out big dollars for local land and buildings.

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