Commercial Property News Archive for 09-Jan-2008

(AFX UK Focus) 2008-01-08 15:23 GMT: Europe commercial property transaction volumes seen down 20 pct in 2008 - report (Interactive Investor)

LONDON (Thomson Financial) - Transaction volumes in the European commercial real estate market are expected to fall by around 20 pct in 2008, according to property consultancy firm Jones Lang LaSalle.

Will a US recession hit commercial property next? (Straits Times)

NEW YORK - AS chances of a United States recession increase with each new batch of economic data, some investors are worrying that commercial property could follow residential housing down the path of a steep decline. And in doing so, leave behind unpaid debt that would be difficult to unwind.

D.C. Council votes to expand tax relief for small biz (BizJournals)

Hoping to protect small businesses from escalating property taxes, the D.C. Council Tuesday passed a bill that would make two changes to the way the city calculates commercial property taxes.

Gov. urges insurance assessment to fund firefighting (Los Angeles Times)

Plan calls for 1.25% levy on all residential and commercial property policies. Foes say it is a tax. By Marc Lifsher and Evan Halper Times Staff Writers -- Gov. Arnold Schwarzenegger will propose hiking the cost of insurance for millions of California homes and businesses in the budget he unveils Thursday, with the money to be used for firefighting efforts.

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