By Peter Grant | The Wall Street Journal
The rebounding real estate market isn’t treating all commercial property owners equally.
Properties like apartment buildings and downtown office buildings have recovered all the value they lost during the bust and then some. But other types of properties, like suburban office buildings, are still worth a lot less than they were before the crash.
That’s the conclusion of a Morgan Stanley analysis of commercial real estate prices as measured by the Moody’s/RCA CPPI, a closely followed index based on repeat sales.
