November 21, 2024 3:43 pm
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Real estate boom in cool-down

Screen Shot 2015-08-24 at 8.35.56 AMBy Hui-Yong Yu | BloombergBusiness

Commercial-property brokerages, the stars among U.S. real estate stocks this year, are losing luster as the booming market for deals shows signs of cooling.

CBRE Group Inc. and Jones Lang LaSalle Inc., the global titans of property services, have lost 8 percent and 8.7 percent, respectively, this month, reversing sharp gains compared with real estate investment trusts and the Standard & Poor’s 500 Index. HFF Inc. tumbled 17 percent and Marcus & Millichap Inc. fell 10 percent.

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