Commercial Property News Archive for 09-Jun-2009

Empty offices hit Auckland market (Otago Daily Times)

Enough empty office space for more than 6000 people is available in Auckland, a new update on the city's commercial property market shows.

German Terrorism Insurer Extremus Boosted by Real Estate Crunch (Bloomberg)

June 8 (Bloomberg) -- Extremus Versicherungs-AG , the German government-backed insurer set up to cover terrorism-related claims following the Sept. 11 attacks in New York, expects premium income to rise this year as real estate companies seeking funding from banks are forced to buy more coverage.

U.S. Will Let Some Banks Repay Aid (CBS News)

The Obama administration plans to announce that some of the nation's largest banks can repay billions in federal aid, but some officials caution that the show of progress is being underwritten by multiple layers of less visible government support.

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