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CURRENT NEWS AND INFORMATION
Iowa can't whack 40 percent from commercial property values for tax purposes without cuts in city and county services or mammoth tax shifts, local government officials say.
For Income, REITs Can't Be Beat
You'd think that investors would be leery of companies that own and manage commercial real estate. Vacancy rates remain elevated in office buildings and shopping centers. Except for apartment buildings, rents really haven't grown at all in four years. And given the possibility that the global economy may retrench yet again, things could still get worse before they get better.
The face of some new office buildings will be different in many ways. Hugg & Hall Mobile Storage is constructing an office building and workshop out of used commercial storage containers.
The bank has so far identified three office buildings it will sell, in N.Y. and N.C. It also has substantial real estate holdings in Southern California. In a move to shed nonessential assets, Bank of America will sell and lease back some of its administrative office space.
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