commercial real estate

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Commercial Properties Squeezed
Commercial Properties Squeezed

Commercial Properties Squeezed

Owners of malls and office buildings are starting to feel the subprime pinch

(Newser) - Add the once-solid commercial real estate market to the list of sectors felled by the subprime mortgage contagion, as owners of malls, apartment complexes and office buildings have seen financing disappear, prices plunge and the pace of sales dwindle 50%, reports the Wall Street Journal. Lenders, burned by the residential...

Singapore Blossoms into Major City
Singapore Blossoms into Major City

Singapore Blossoms into Major City

Stern Asian capital set to emerge as a tourist haven filled with casinos, hotels, and amusement parks

(Newser) - Singapore is transforming itself from a dull metropolis famous for its draconian cleanliness into an exciting, vibrant, tourists' paradise, Time reports. Plans are percolating for casinos, skyscrapers, amusement parks, and a multi-billion dollar residential and commercial real estate development located downtown.

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