Tag: commercial property



Change of Use Relaxation Faces Setback

Posted on 28 February, 2013 by Neil Bird under Industry News

The government is facing a setback to its plans to allow landlords to convert offices to residential use without planning permission. Eric Pickles, the Secretary of State for Communities and Local Government, was confident the new rules could be in place by... Read More

Property from the Golden Age of Hollywood Sold for 12 Million Dollars

Posted on by Jodee Redmond under Worldwide Property News

A two-story building in Beverly Hills has been sold for almost $12 million to a local investor. The 11,000-sq-foot Marian Building was built in 1928 by movie mogul Jack Warner and is one of the oldest commercial properties in the city. It is located at Little... Read More

Scottish Commercial Property Deals at Long Term Low

Posted on by Kirsten Kennedy under Industry News

According to the world’s leading commercial property services advisor, the value of the Scottish market fell to the lowest recorded level since 2001 in the final quarter of 2012. In research conducted by CBRE it is shown that only £212 million worth of... Read More

Head of the Crown Estate Considers Ten Year Plan

Posted on 27 February, 2013 by Neil Bird under Top Properties

The head of the Queen’s extensive property portfolio has revealed she is considering a ten year plan for the £8 billion Crown Estate. Speaking to the Evening Standard Alison Nimmo, the first woman to hold the post, was also keen to highlight the diversity... Read More

US Commercial Market Recovery Steady

Posted on 25 February, 2013 by Jodee Redmond under Worldwide Property News

Figures released for 2012 show a continued slow and steady recovery for the US commercial real estate sector. Ron Kaiser, the chairman of the National Council of Real Estate Investment Fiduciaries (NCREIF) stated recently; “Real estate investment... Read More

UK Commercial Property Values Fall for 15th Straight Month in January

Posted on 24 February, 2013 by Jodee Redmond under Industry News

January marked the 15th consecutive month of falling commercial real estate values in the United Kingdom, according to figures released by Investment Property Databank Ltd. The retail sector led the way in the disappointing returns. The average value... Read More

California District Wants Fairer Property Tax

Posted on by Jodee Redmond under Worldwide Property News

Newly-elected California assembly member Rob Bonata has introduced a bill that will allow Alameda school districts to set different rates for residential and commercial properties. If passed it will nullify a state Appeals Court ruling in December... Read More

US Commercial Property Lending Forecast Positive

Posted on 22 February, 2013 by Jodee Redmond under Worldwide Property News

The Mortgage Bankers Association (MBA) is projecting a double-digit increase in lending in US commercial real estate mortgages over 2012. This works out to $254 billion in loans. Analysts are predicting the momentum to continue throughout the rest of... Read More

Scotland Provides Further Indication of Market Revival

Posted on 21 February, 2013 by Neil Bird under Industry News

Since the beginning of the year there have been various local and regional reports suggesting that we are about to see an upturn in the UK commercial property market. In recent weeks agents in London, Basingstoke, Eastbourne and Leicestershire have all... Read More

Tips for Choosing the Right Commercial Property Insurance Policy

Posted on 20 February, 2013 by Jodee Redmond under Industry News

Buying a commercial insurance policy is not a decision a property owner should make lightly. It is one that requires careful thought and should not be unduly influenced by a persuasive marketer. This is the type of produce that one buys hoping that it... Read More