Commercial Property News Archive for 08-Nov-2008

Property sector hails another rate cut (Ireland Business World)

A leading commercial property consultant has welcomed the aggressive rate cuts announced today by the ECB and the Bank of England. "Certainly, the Bank of England rate cut will be received positively by the UK commercial property market.

LoopNet's RecentSales Service Tops 1 Million Commercial Property Transaction Records Across U.S. (PR Newswire via Yahoo! Finance)

LoopNet, Inc. , which operates the largest online commercial real estate marketplace, said today that the company's commercial property comparables service, LoopNet RecentSales, has surpassed 1 million transaction records across the U.S.

NYC Commercial Property Sales Plunge in Credit Freeze (Update2) (Bloomberg)

Nov. 4 (Bloomberg) -- New York City commercial real estate transactions plunged 61 percent in 2008 through October as the global credit crisis roiled lending and sidelined buyers.

U.K. Property Stocks Dip as Morgan Stanley Sees Slump (Update2) (Bloomberg)

Nov. 6 (Bloomberg) -- Land Securities Group Plc and British Land Co. , the U.K.'s largest commercial-property companies, declined in London after analysts at Morgan Stanley said the shares may fall to the lowest levels since at least 1995.