Commercial Property News Archive for 05-Jun-2009

Commercial property norms relaxed (People's Daily)

The government's decision to slash the minimum financial requirement for commercial property investment for the first time in 13 years, will help ease property developers' capital strain and stabilize housing prices, analysts said. The minimum amount of capital needed to jumpstart a new commercial property or an affordable housing project has been lowered from 35 percent of the total project ...

Banks bend for commercial property owners (BizJournals)

Billy Bishop sees a light at the end of the tunnel for some of his commercial property clients ? strip shopping center landlords and owners of small commercial spaces ? who?ve been struggling to make mortgage payments.

New fears over property debt (Financial Times)

Fears among credit investors have risen that threatened ratings downgrades of commercial property debt might thwart US government efforts to revive the markets that help fund office blocks, shopping centres and other commercial real estate.

New York skyscraper burns Springfield's pension fund (KY3 Springfield)

One of the pension fund's problems: It's an investor in a $1.1 billion speculative office skyscraper rising in New York City's Times Square in the middle of a commercial-property bust.

Helical Bar's Slade dismisses imminent property recovery (Daily Telegraph)

Mike Slade the boss of property company Helical Bar has warned the commercial property market is unlikely to see a significant improvement within the next two years.

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