Despite a strong first-half of 2011, uncertainty has returned to
the US commercial real estate industry, according to DLA
Piper's 2011 State of the Market Survey.
Volatile global financial markets, solvency concerns throughout
the Eurozone, stagnant US job growth and gridlock between the White
House and Congress have led to a pullback in optimism following a
variety of upbeat indicators and reports that characterised the US
commercial market for the first eight months of this year.
The survey, measuring the attitudes and perspectives of 291 top
executives within the US commercial real estate market, reveals 7
out of 10 respondents describe themselves as 'bearish' for
the next 12 months. Despite this sentiment, only a slim majority
(53%) believe that recent capital markets turmoil will
significantly derail transactions for the rest of 2011.
Locally, the outlook is similar. With foreign buyers a key part
of the market, the global uncertainty has been reflected by a
slowing in Australia. With the prospect of prolonged political and
financial uncertainty, it is difficult for industry participants to
predict which way the market will head.
Now in its seventh year, the survey reveals the changing
attitudes across this tumultuous period. To get the full picture,
the survey results can be viewed
This publication is intended as a general overview and
discussion of the subjects dealt with. It is not intended to be,
and should not used as, a substitute for taking legal advice in any
specific situation. DLA Piper Australia will accept no
responsibility for any actions taken or not taken on the basis of
DLA Piper Australia is part of DLA Piper, a global law firm,
operating through various separate and distinct legal entities. For
further information, please refer to www.dlapiper.com
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
An actuarial review of the Invensys Australia Superannuation Fund showed it to be in surplus to the tune of $189.2 million. In mid 2003, the Invensys Group proposed to the trustee that the surplus be repatriated to the principal employer in the group.
Lenders in New South Wales breathed a sigh of relief earlier this month when the Supreme Court ruled in Bank of Western Australia Ltd v. Primanzon  NSWSC 862 that two part-time commercial property investors could not claim relief under the Contracts Review Act 1980 (NSW) because the loans advanced to them were entered into in the course of a trade, business or profession carried on by them.
A key aspect of an innovation culture is keeping it active at all levels of management, from teams to board meetings.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).