| The economies of Great Britain and the US are | | | | mongers, and the recession will soon see a turnaround. |
| intertwined beyond doubt. When one sees a crisis, the | | | | In fact, some commercial property construction |
| other usually follows and this is a situation currently | | | | companies are still seeing rising profits beyond their |
| being seen in the field of commercial property | | | | wildest dreams. |
| investment. | | | | One in particular being a company called JV. They |
| After growing credit issues in the US there are fears | | | | have just struck a deal worth $900 million for an office |
| that investors in US businesses who fear their | | | | block in Moscow covering 101,000 square meters. The |
| investments are a little risky will try to sell before the | | | | offices have been sold to a German commercial |
| Easter weekend. Top investment bank, Goldman | | | | property investor and comes with parking spaces for |
| Sachs, has warned that the ever increasing rises in | | | | over 1,000 cars. Ideal, considering it has been |
| food prices will put the squeeze on supermarket | | | | constructed beside a rail link. |
| profits and giants such as Tesco even face financial | | | | JV have also had a stroke of luck in the form of an |
| difficulties. | | | | agreed $116 million loan to finance the construction of |
| Investors have been urged to sell Tesco shares - an | | | | the last phase of a multi-family residential development |
| unprecedented recommendation. This was after | | | | in California. The total cost of the project is said to hit |
| shares in Tesco dropped by three percent on Friday | | | | $163 million and anyone looking for an overseas |
| along with Morrison's and Sainsbury's. | | | | property on a buy to let basis could do worse than |
| This could be a good thing for those with spare cash | | | | invest in one of these. |
| looking to invest in commercial property but keep a | | | | The US markets are also mourning the death of one |
| close eye on the market before putting your money | | | | of their biggest movers and shakers last week. Roger |
| anywhere. | | | | Rechler was responsible for the development, |
| As far as commercial property investment goes in the | | | | ownership and operations of Long Island's largest |
| US, there has been a steep decline. The cost of living | | | | commercial property portfolio of over 6 million square |
| is soaring, consumers are spending less and business's | | | | feet of commercial space. |
| are disappearing leaving vacant commercial property | | | | His family business were active in the building of |
| on most streets. This is affecting offices as well as | | | | industrial parks and commercial property as well as |
| the retail and hospitality sectors. | | | | converting dis-used warehouses into office space that |
| A show of solidarity was seen after the events of 9 | | | | most businesses would be proud to be part of. His |
| 11 when investment was seen as a good thing in | | | | vision was seen as one that wanted to build a whole |
| commercial property in the US but this has not been | | | | community not just a few offices that he could sell on |
| sustained. But it's not all doom and gloom. Commercial | | | | for profit. |
| property rental prices have remained steady and the | | | | Although this is a sad loss for the US community, it |
| local economies are picking up where there are | | | | seems the general feeling in America is not to panic. |
| population booms. | | | | This downturn in the economy has been seen before |
| It is hoped that the current situation in commercial | | | | and they are confident that it will be resolved, with the |
| property investment is just a blip, inflated by scare | | | | much needed knock on effect on the British economy. |