06.05.2011 - US: Commercial realty prices are showing signs of strength
Warren Buffett, whose commercial mortgage joint-venture is financing multi-family real estate deals, said the market is showing signs of strength. "Prices have been pretty strong if you start looking at particularly apartment buildings, but even shopping malls," Buffett said in an interview in Omaha, Nebraska, where his Berkshire Hathaway Inc is based. "There's been certainly less of a crack in prices than I would have expected." Berkshire became a 50 per cent owner in late 2009 of Berkadia Commercial Mortgage LLC, formerly part of Capmark Financial Group Inc..............................................Full Article: Source
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