Unwanted Office Space London Converted into High-End Flats

Demand for commercial property in the UK has fallen for three consecutive months and meanwhile its prices are dropping. It’s estimated the value of offices fell by 0.2% last January compared to January 2010.

Square Mile, Blackstone Purchase Hotel Mortgages From FDIC

A multi-million dollar deal was announced today as the Blackstone Group LP (BX) and Square Mile Capital Management LLCC real estate investment firm completed the purchase of hotel mortgages from the U.S. Federal Deposit Insurance Corp. for $385 million.

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