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Tenant defaults, declining lease rates, Calling property valuations, lack of willing buyers, and of course, difficulty in obtaining commercial real estate financing. Municipalities and economic development organizations know a functioning commercial real estate market is critical to keeping employers by not forcing them to seek a facility elsewhere.
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THERE are tentative signs of a stabilisation in Europe's commercial real estate investment market.
According to real estate adviser DTZ's latest European quarterly research, this has been led by the UK, where transaction volumes remained flat in the first quarter (Q1) of 2009 at pounds 3.5bn compared to the fourth quarter (Q4) of 2008.
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The value of the real estate capital market reached EUR12 trillion in 2007 - up 18 per cent on the previous year, according to DTZ's Wagship Money Into Property report.
Global investment transactions also grew to EUR730 billion in 2007, but, following the change in the global investment environment over the course of last year, DTZ expects a fall of 30 per cent in 2008 to about EUR500 billion.
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REAL estate group Hammerson has painted a gloomy picture of its UK market after revealing further falls in property values and an easing in City of London rents as banks cut staff numbers because of the credit crunch.
The firm, which owns shopping centres including Brent Cross and West Quay in Southampton, said retailers faced weak conditions, but added it continued to attract firms to major developments in Bristol and Leicester, both of which complete later this year.
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RECENT DEVELOPMENTS ARE likely TO revolutionise Turkey's housing market and have a major impact on the rest of the as well. This will be the first tim...
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THE latest RICS Commercial Property Market Survey shows further modest improvement in the real estate market but highlights pronounced regional and sector differences in both the occupier and investment arenas.
Eighteen per cent more surveyors expected new sales and lettings to increase in the next three months, a rise from eight per cent in the third quarter of 2010. This is the best reading since before the onset of the credit crunch in the first quarter of 2007. Meanwhile, eight per cent more reported a rise than fall in occupier enquiries, suggesting that some businesses may now be looking to expand.
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UK banking giant Lloyds said losses on its lending to the commercial real estate market in Ireland remained a problem in the first quarter of the year.
The group, which owns Bank of Scotland (Ireland), said earlier this year that its losses on Irish loans jumped to a massive Pounds 2.9bn in 2009 from Pounds 526m the previous year.
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Weaker property and pharmaceutical stocks yesterday ensured the London market finished an uncertain session in negative territory.
A weak start in New York added to pressure as the FTSE 100 Index gave up a lunchtime gain to close 27.2 points lower at 6192.9.
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Rob Atkins, director of investment at Atisreal, Europe's leading provider of integrated commercial real estate services, which has an office in Bristol looks at the property market
Much has been written about the current turmoil in the equity market and, more specifically, the continuing fall in property returns compared with the spectacularly high levels of the past three years.
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While that reality has plagued NH's residential construction industry for a few years now, commercial contractors only started feeling the effects of the recession and collapsed real estate market in recent months. Business NH Magazine gathered together a dozen contractors, subcontractors and industry experts in February to talk about the challenges, strategies and new initiatives being undertaken by the people who build and remodel NH's houses, offices, schools and factories. The residential market, meanwhile, has been affected for years, especially in 200 when sales of single-family homes dropped 15.2 percent and sales of new construction dropped 39 percent, says Kendall Buck, executive vice president of the Homebuilders and Remodelers Association of NH.