Commercial Property News Archive for 13-Nov-2008

Commercial property values down 27 percent on '07 peak (Reuters via Yahoo! UK & Ireland News)

Commercial property values dropped by a further 4.6 percent in October, extending the market's price correction to 27.4 percent from its summer 2007 peak, data from property consultant CB Richard Ellis showed.

Commercial Property Sales to Rise as Debt Comes Due, Grubb Says (Bloomberg)

Nov. 12 (Bloomberg) -- Distressed sales of commercial real estate may rise next year as about $36 billion in securitized loans written in 2006 and 2007 come due, an executive of Grubb & Ellis Co. said today.

Valley's commercial property sector squeezed (Los Angeles Daily News)

The flood of mortgage defaults caused by the credit crunch has spilled and is now filling the channels of the San Fernando Valley's commercial property industry.

German Stocks Pare Gains; Hypo Real Estate, Commerzbank Drop (Bloomberg)

Nov. 12 (Bloomberg) -- German stocks pared earlier gains, led lower by Hypo Real Estate Holding AG after the commercial- property lender reported a bigger-than-estimated third-quarter pretax loss. Commerzbank AG also fell, while SAP AG advanced.