Global Commercial Real Estate Investment Soars 33% to $645 billionĀ in 2006
Global
investment volumes in commercial property rose by 33% last year to
reach a record $645 billion, according
to the 2007 Cushman & Wakefield International Investment Atlas report.
Cushman & Wakefield's expects the
market t0 surpass $680 billion in 2007.
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A survey of Americans' favorite 150 buildings and structures placed the Empire State Building
at the top spot, followed by the White House No. 2, the Golden Gate Bridge
No.5, the U.S. Capitol No.6 and Chrysler Building in New York No.9,
Indian
economy, Asia's fourth-largest, was expected to expand 9.2% this fiscal
year ending in March, its fastest growth in almost two
decades, according to the government reports. By comparison, China's
economy grew 10.7% in 2006. India's economic growth has averaged 8.3% over the past three
fiscal years.