Commercial Property News Archive for 28-Jan-2009

US commercial property sales to fall more - report (The Forex Market)

NEW YORK, Jan 26 (Reuters) - Sales of U.S. commercial property likely fell 70 percent in 2008 and are expected to slide another 20 to 25 percent in 2009, according to a report by real estate services firm Jones Lang LaSalle Inc.

Crisis hits commercial property (The Cincinnati Enquirer)

Commercial property foreclosures nationwide are expected to hit record levels this year as retailers struggle, office tenants downsize and overleveraged borrowers scramble to pay up or refinance loans coming due.

Rudd Pledges A$4 Billion Fund for Commercial Property (Update1) (Bloomberg)

Jan. 24 (Bloomberg) -- Australian Prime Minister Kevin Rudd pledged A$4 billion ($2.6 billion) for a lending fund for commercial property companies should foreign banks fail to roll over as much as A$75 billion in business loans.

Rudd Pledges A$4 Billion Lending Fund for Commercial Property (Bloomberg)

Jan. 24 (Bloomberg) -- Australian Prime Minister Kevin Rudd pledged A$4 billion ($2.6 billion) for a lending fund for commercial property companies to stabilize financial markets should foreign banks fail to roll over as much as A$75 billion in business loans.

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