Commercial Property News Archive for 10-Nov-2008

Brookfield Asset Says Profit Climbs 84% on Commercial Property (Bloomberg)

Nov. 7 (Bloomberg) -- Brookfield Asset Management Inc. , the Toronto-based manager of $90 billion in assets such as power plants, said third-quarter profit climbed 84 percent as earnings in its commercial property business advanced.

Investors empty German ?war chest? (Financial Times)

Germany?s open-ended property fund sector has been hit by a wave of withdrawals, which could add to the gloom in Europe?s commercial property market by curbing one of the few sources of spending power left.

Few areas of the world immune from slump in commercial property (Financial Times)

Worsening economic conditions have now taken a toll on almost every commercial property market in the world, according to a global survey of real estate surveyors.

Market?s Collapse Echoes in a Manhattan Tower (New York Times)

Many tenants who signed leases at a 41-story office tower overlooking Bryant Park are now trying to break them.