Commercial Property News Archive for 05-May-2009

Mercury General sees 1Q profit, beats Street (AP via Yahoo! Finance)

Mercury General Corp., which provides automobile, homeowners and commercial property insurance, on Monday reported a first-quarter profit, reversing a year-ago loss, helped by investment gains even as written premiums declined and the company cut 7 percent of its work force.

U.K. Commercial-Property Decline Slows, RICS Survey Shows (Bloomberg)

May 5 (Bloomberg) -- The rate of decline in demand for U.K. office and retail space eased in the first quarter, the Royal Institution of Chartered Surveyors said, suggesting record-low interest rates are helping shore up the market.

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