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US commercial property sale up 17.3pct in Q2

Posted on 04 August 2010

From Emirates247.com: Prices for investment-grade US commercial real estate nearly set a record in the second quarter, but the number of sales remained listless, as investors chased stable, high quality properties, while owners of distressed properties held out for better prices, according to MIT Center for Real Estate indexes.
The prices for commercial properties sold by major institutional investors surged 17.3 per cent in the second quarter very near the 17.8 per cent record increase since the Transaction-Based Index (TBI) was created in 1984……………………………………….Full Article: Source

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