Commercial Property News Archive for 13-Oct-2008

DIC Asset Plans to Buy Back as Much as 5 Percent of Own Shares (Bloomberg)

Oct. 9 (Bloomberg) -- DIC Asset AG , the German commercial- property investor that counts Siemens AG among its tenants, plans to buy back as much as 5 percent of its shares.

Ex-Barclays chief to head DTZ (Financial Times)

DTZ , the commercial property adviser, has hired Paul Idzik, former chief operating officer of Barclays, as its new chief executive.

CB Richard Ellis Cuts Jobs as Occupancies, Sales Fall (Update1) (Bloomberg)

Oct. 10 (Bloomberg) -- CB Richard Ellis Group Inc. , the world's biggest commercial property brokerage, said it eliminated some staff as it confronts a rise in office vacancies and a falloff in sales of commercial buildings.

Germany: Hypo supervisory board chief resigns (AP via Yahoo! Finance)

Troubled German commercial property lender Hypo Real Estate Holding AG said Friday that the chairman of its supervisory board has resigned, following the departure earlier this week of its chief executive.

Realty feels pinch of credit squeeze (The Times of India)

Builders say no one's buying or selling property nowadays. Property dealers talk about a sharp dip in queries for both residential homes and commercial property.