Commercial Property News Archive for 06-Nov-2008

Firm Can Represent Developer Against Former Client?C.A. (Metropolitan News-Enterprise)

A San Diego law firm was not barred from representing the developers of a commercial property in a dispute with condominium owners in an adjacent residential complex over access to the commercial property by virtue of the firm?s previous representation of one of the owners when she purchased her unit, the Fourth District Court of Appeal ruled yesterday.

Jones Lang Retools to Target Credit-Ravaged Customers (Update1) (Bloomberg)

Nov. 5 (Bloomberg) -- Jones Lang LaSalle Inc ., the commercial property broker that has lost more than half its market value this year, is reorganizing to help banks, insurers and local governments contend with the global credit crisis as the company's profit plunges.

Selling Miami Commercial Property Not Easy as They Say (Turks.US)

For some having a real estate investment is a bit hard to handle, It is a difficult investment to have because of the complications and the shady market that can go from consistency to inconsistency in just a short time. So, people tend to shy away from it and try to avoid it.

Hawaiian Home Lands to lease out business site (Honolulu Advertiser)

The state Department of Hawaiian Home Lands has agreed to lease 15.5 acres of commercial property in Hilo to boost the local economy with a partnership between Safeway Inc. and Target Brands Inc.

New York Commercial Property Sales Plunge 61% in Credit Freeze (Bloomberg)

Nov. 4 (Bloomberg) -- New York City commercial real estate transactions plunged 61 percent this year through October as the global credit crisis roiled lending and sidelined buyers.

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