24.05.2011 - MIT report: Commercial real estate sector cooled in Q1
The commercial real estate market decelerated in the first quarter, as institutional property investors were stung by declines in both sales and prices, according to a new study by MITís Center for Real Estate. When compared to property sales tracked in 2010ís fourth quarter, the Jan. 1 through March 30 period was a bit of a downer for institutional investors. Commercial property sales among this investor class ó generally insurance companies, pension funds, colleges and affiliated endowments ó totaled 70 transactions in the first quarter. That figure was off 24 percent from 91 transactions recorded the prior quarter, according to MIT..............................................Full Article: Source
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