Commercial real estate now a market of haves and have nots

Commercial-Real-Estate-300x171By 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.

Continued:

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City seeks developers for south Phoenix property

By Audrey Jensen | Phoenix Business Journal The city of Phoenix seeks developers for south Phoenix property. Phoenix is moving forward with a request for proposals for a city-owned, vacant lot on the south side of the city that has a long history.  The economic

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