Commercial Property News Archive for 19-Oct-2006

South Africa: Commercial Property Shrugs Off Rate Hike (AllAfrica.com)

THE 50 basis-point hike in interest rates by the South African Reserve Bank on Thursday is not expected to hurt the South African commercial property market, which includes retail, office and industrial property.

Washington Mutual profits slide 9 pct. (AP via Yahoo! News)

Washington Mutual Inc.'s third-quarter profits slid nearly 9 percent, widely missing Wall Street's expectations, as the company continued broad cost-cutting efforts amid a slowdown in the home lending market.

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