Commercial Property News Archive for 29-Jun-2008

Datacentres must be zero carbon by 2019 (VNU Net via Yahoo! UK & Ireland News)

Businesses building new datacentres will be forced to look for energy efficient measures to reduce power use after the renewable energy strategy published by the Department of Business Enterprise and regulatory reform (Berr) yesterday confirmed that all new commercial property must be zero carbon by 2019.

City real estate group admits property tax cheating (AM New York)

A New York real estate group has pleaded guilty to a "heads-we-win-tails-we-win" commercial property tax fraud in which it cheated the city out of some $180,000 over six years.

LYING IS 'TAX'-FREE (New York Post)

It's a dirty little secret among city commercial-property owners - that there is no penalty for lying on an application for a lower property-tax assessment. The city agency that reviews such applications can't raise assessments, so the worst that...

'It's an ugly time' in property (Stuff)

The problems of property lender St Laurence have stoked fears that the meltdown in the residential property market could spread to the commercial property sector.

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