24.08.2011 - US: Commercial property remains on pause
The Green Street Advisors Commercial Property Price Index remained unchanged in July for a second consecutive month, following nearly two years of uninterrupted gains. Since reaching its low point in May 2009, the index has risen more than 45% and now is just 10% below its all-time high established in July 2007. Green Street's CPPI, which tracks properties owned by 47 real-estate investment trusts with roughly $400 billion in assets, is tilted toward sales of high-end and trophy buildings. The index reflects the valuations assigned to the REIT portfolios formed by input from brokers, economists and company executives..............................................Full Article: Source
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