Industry Summits
Global property slide may be long
NEW YORK (Reuters) - Commercial real estate markets in many parts of the world are falling and in the United States, the largest market, things are poised for a deep, lingering dive, experts said. Full Article
U.S. downturn puts vacation back in vacation home
NEW YORK (Reuters) - When the going gets tough, the tough, battered and frustrated in U.S. real estate should go shopping for a vacation home -- but not as an investment, industry experts said. Full Article
Experts at odds on world commercial property recovery
LONDON (Reuters) - Real estate industry experts are at loggerheads on which commercial property market they expect to bounce back first from the downturn first, after the global financial crisis shredded property values in most countries. Full Article
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Downtown to lead Manhattan's rebound
NEW YORK (Reuters) - Downtown Manhattan is poised for a powerful rebound in coming years despite Wall Street's downsizing and millions of square feet of new commercial real estate expected to come to market, a top Manhattan commercial real estate broker said on Monday. Full Article
Downsized Americans downsize their homes
NEW YORK (Reuters) - Not only is the brutal recession driving more Americans into McDonald's for a cheap meal, but it has also dulled their appetite for McMansions. Full Article
Global property lending landscape altered forever
LONDON (Reuters) - The days of easy borrowing and cheap real estate debt are gone for good, some of the world's top commercial property executives conceded this week. Full Article
Burned U.S. banks may stay shy on real estate
NEW YORK (Reuters) - The end of the decline in real estate is nowhere near, and yet U.S. banks may feel it shrewd to hold onto troubled loans in the sector rather than sell them or take losses. Full Article
U.S. commercial property market thawing
NEW YORK (Reuters) - The gap between U.S. commercial property buyers and sellers is narrowing, indicating the shattered market is closer to beginning the painful path to recovery, the head of Prudential Real Estate Investors said on Wednesday. Full Article
Property execs eye second homes in Europe, Africa
LONDON (Reuters) - Global real estate markets may be in the worst shape seen for generations, but the dream of owning a second home lives on. Full Article
Keep up the good-enough work, Mr. President
NEW YORK (Reuters) - U.S. real estate executives, at the epicenter of the global financial crisis, give passing marks to President Barack Obama's administration for its handling of the crisis so far. Full Article
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