Commercial Property News Archive for 01-May-2008

FM Global HQ construction halted (Providence Business News)

JOHNSTON ? Construction of FM Global?s $60 million future headquarters, where developers broke ground April 10, has been halted pending resolution of a complaint by the commercial property insurer?s current landlord.

AIB?s attitude to Gilmartin ?irregular? (Irish Examiner)

ALLIED Irish Bank?s (AIB) attitude towards former property developer Tom Gilmartin in the early 1990s ?appeared most irregular?, a British commercial property consultant told the Mahon Tribunal yesterday.

Bank of England sounds alarm on �5bn commericial property defaults (Daily Telegraph)

Britain's big banks stand to lose as much as a fifth of their profits as the commercial property market implodes, the Bank of England has warned.

Ironshore extends coverages to New York (Business Insurance)

HAMILTON, Bermuda?Ironshore Insurance Ltd. said Monday that it will now provide commercial property and catastrophe insurance on an excess and surplus basis for all risks located in New York state.