21.07.2009 - Commercial property price drop may signal bottom

From Reuters: U.S. commercial property prices plunged for a second straight month in May as distressed transactions weighed, but the pace of decline may signal a bottoming process, Moody's Investors Service said on Monday. Office, retail and apartment building prices declined 7.6 percent in May from April, compared with a record drop of 8.6 percent in the previous month, according to the Moody's/REAL Commercial Property Price Indices.......Full Article: Source

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