Commercial Property News Archive for 19-Jan-2009

UK commercial property falls record 27 pct in ?08 (Khaleej Times)

LONDON - British commercial property values plunged another 5.8 percent in December, taking the market?s fall in 2008 to 27.1 percent for the sharpest drop since records started in 1994, data showed on Thursday.

"Are O.C. office tower foreclosures next?" (Orange County Register)

Vacancies are up, rents are down and commercial brokers project that commercial property values will fall, leading to a spike in foreclosures.

?Good? Commercial Property Borrowers Squeezed, Chandan Says (Bloomberg)

Jan. 15 (Bloomberg) -- Commercial landlords with good credit are finding themselves increasingly unable to refinance their properties, said Sam Chandan , president and chief economist of Real Estate Economics LLC.