Last Updated: April 18, 2006 06:04pm ET
Adobe Acquiring Downtown Development Site
SAN JOSE, CA-The software maker agrees to pay $25 million for five acres near its existing 950,000-sf headquarters complex here, which it leases. Currently home to San Jose Water Company, the site could accommodate approximately 1 million sf of office.
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Housing Recovery Plan Called Into Question
NEW YORK CITY-With mortgage rates and home prices at record lows, the commercial real estate industry is divided over whether President Obamas mortgage overhaul and fraud task force will helpor hurthousing.



