Articles About London

London remains the most expensive place to park a car, according to the 2010 Global Parking Rate Survey by Colliers International.   The City and West End scored number one and two in terms of monthly parking rates with The City topping out at $933 USD per month (£643), followed by the West End at […]

A North London supermarket is growing organic fruits and vegetables in a rooftop garden tended by 20 volunteers aged from three to their 60s.  Thornton’s Budgens calls its project Food from the Sky. The nonprofit venture is a collaboration between Thornton’s Budgens, The Positive Earth Project (a local social enterprise) and the Crouch End community.  […]

A 43-story residential tower in south London’s Elephant & Castle neighborhood will receive eight percent of its power from three wind turbines  installed at the top of the structure.  The Strata Tower – nicknamed the Electric Razor – is being developed by Brookfield Europe and eventually will be home to 1,000 residents. The Strata is […]

London has overtaken Washington, D.C., as the preferred city for commercial real estate investment,  primarily because investors believe that prices have bottomed out and the time to get into that market is now. The British capital has overtaken the previous favorites of Washington, D.C., and New York, according to a survey conducted by the Association […]

To purge their balance sheets of debt and avoid future writedowns, more and more U.K. banks are considering plans to transfer commercial property loans into REITs. Such strategies entail using REITs as publicly traded “exit vehicles” to limit the losses they and their borrowers face. The British Property Federation is currently pushing the idea to […]

Ben Bernanke has spoken.  The Fed chairman and the Federal Reserve moved recently to stimulate the economy when the policy-making committee cut the federal funds rate – the rate at which banks lend to each other – to just one percent.  This represents a half percentage point cut from the previous 1.5 percent rate.  By […]

You know what they say about polls.  Still, a recent one is an interesting temperature reading for the new economy.   Overseas investors in United States real estate prefer retail versus office or industrial space right now, according to an issue of Commercial Property News. This is just one conclusion in a survey that examined […]