Commercial Property News Archive for 28-Oct-2007

Commercial property slows but doesn't sink (The Myrtle Beach Sun News)

The excesses that led to a bust in the housing boom haven't spread to the commercial real estate market, where the outlook is cautious but decidedly upbeat. Led by strong growth in the office and retail segments, commercial property sales hit $401 billion through Oct. 18, outpacing last year's $359 billion total, according to Real Capital Analytics, a New York based real-estate research firm. ...

£1.4bn property deal stalls (FT.com via Yahoo! News)

As if on cue, on the day that the Bank of England warned of growing risks to the commercial property market, London-listed Delek Global Real Estate pulled out of a £1.4bn deal to buy a large European property portfolio.

Crash could be even worse than 1990s (FT.com via Yahoo! News)

Banks may have experienced a shiver of recollection on Thursday when they read the warnings from Threadneedle Street about growing risks to the commercial property market. Back in the early 1990s, as the recession took hold, many of the UK's biggest high street banks were badly burnt in a spectacular property crash.

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