Commercial Property News Archive for 23-Jan-2008

Land Securities Sells Assets at Profit as Property Prices Fall (Bloomberg.com)

Jan. 22 (Bloomberg) -- Land Securities Group Plc, the U.K.'s largest real estate company, sold more than 500 million pounds ($970 million) of assets at a profit in the three months to Dec. 31 fiscal as commercial property prices fell.

Number of tax protests filed by commercial property owners skyrockets in wake of reassessments (The Kansas City Star)

It's not exactly the Boston Tea Party, but many Jackson County business owners are rebelling against huge increases in their property tax bills this year.

Commercial property not next shoe to drop-Deloitte (Reuters via Yahoo! Singapore News)

NEW YORK, Jan 22 - The U.S. commercial real estate business remains solid, despite residential market woes and a souring economic outlook, according to a new report by accounting firm Deloitte & Touche.

The worst may still be ahead for down-and-out REITs (USA Today)

REITs, or real estate investment trusts, own and invest in commercial property. After trouncing the market for the past seven years, REITs have turned into one of the bloodiest corners of Wall Street amid the recent stock correction.