Commercial Property News Archive for 04-Oct-2008

Commercial Property Insurer FM Global to Make Broad Changes to Its Senior Management Team (Centre Daily Times)

FM Global, one of the world's largest commercial property insurers, has announced numerous changes will be made to its senior management team effective Jan. 1, 2009, as it promotes seasoned management within the company into new roles.

Proposed budget to cut commercial property taxes (The Buffalo News)

TOWN OF NIAGARA -- Supervisor Steven C. Richards proposed a tentative $8 million budget for 2009 on Thursday that would keep property taxes nearly flat for homeowners and cut taxes about 1.5 percent for commercial properties.

New insurer comes to Hawaii (Pacific Business News)

A new commercial property and casualty insurance company now is available for Hawaii residents, insurance commissioner J.P. Schmidt announced Friday.

Bob Knakal, King of the Mid-Market Trade, Closes 1,000th Deal (The New York Observer)

Bob Knakal, chairman of Massey Knakal and master of the under-$100 million commercial property transaction (which, believe it or not, is considered small potatos in New York), just closed his 1,000th deal. Said deal was the sale of an Upper East Side parking garage at 301 East 69th Street for $5.4 million.  read more »

Big drop in commercial property deals (RTÉ News)

Property consultant CB Richard Ellis has said conditions in the Irish commercial property market have continued to deteriorate in recent months.

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