Commercial Property News Archive for 08-Jan-2009

FCCI buys Mississippi Insurance, full ownership of Brierfield (Business Journal of Tampa Bay)

Commercial property and casualty insurer FCCI Insurance Group Inc. purchased Mississippi Insurance Managers Inc. of Jackson, Miss.

Metrowest Shoppes strip center sold for $11.9 million (Orlando Sentinel)

In one of the larger local commercial property sales of the new year, the Metrowest Shoppes strip center in west Orlando has been sold for $11.95 million.

U.S. office vacancies rise as recession bites (Reuters via Yahoo! News)

U.S. office vacancies spiked higher in the fourth quarter and rents fell as the recession took a heavy toll on the commercial property market, according to data released on Tuesday.