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Commercial property news and information |
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Monday, 05 June 2006 |
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Commercial property news and information from RealEstateJournal
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Commercial Real Estate |
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Businesses Taking Less Office Space
Companies are taking less office space, driving down rents in most U.S. markets and giving tenants an edge.
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Construction Loans Sour Small Banks
Regional and small banks are expected to report large losses from their mounting volume of soured loans made primarily to home builders.
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REITs Bruised by Credit Crisis
Real-estate shares fell victim to economic and credit concerns in the second quarter, registering bigger declines than the broader S&P 500.
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LaSalle Is BofA's Other Vexing Deal
Bank of America is seeing a rapid run-up in delinquencies on building loans, a timely reminder of the liabilities that the bank will be taking on with Countrywide. Part of the blame comes from its acquisition of LaSalle Bank.
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Slowdown Squeezes Vegas Casinos
The gambling slowdown that began early this year is taking a serious toll on Las Vegas. Casinos are being pinched by less access to cash as they grapple with predownturn expansion plans and billions of dollars of debt.
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WTC Site Timetable to Be Scrapped
The World Trade Center's owner proposed scrapping the schedule and budget for the prolonged rebuilding of the site, noting nearly every project is delayed and over budget and that previous estimates are unrealistic. (Report)
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Japan Developers Face Head Winds
Demand for office space in Japan, which has been strong for years, is showing signs of softness. And that's likely to weigh on shares of the country's biggest real-estate developers.
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Sweden Sells Property Firm
Sweden sold property firm Vasakronan to Fastigheter for $6.88 billion, continuing its privatization drive.
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The Home Insulation Conundrum
Fiberglass or foam spray? Figuring out what kind of insulation to use in a new house turns out to be a complicated calculation.
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Buying a Sense of Security for the Home
How would different security companies configure a home with a system, and what would they charge to alert the police about triggered motion sensors? Here's a look at ADT, Brink's, Monitronics and Protection One.
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