By Art Patnaude and Peter Grant | The Wall Street Journal
Investors are pushing commercial real estate prices to record levels in cities around the world, fueling concerns that the global property market is overheating.
The valuations of office buildings sold in London, Hong Kong, Osaka and Chicago hit record highs in the second quarter of this year, on a price per square foot basis, and reached post-2009 highs in New York, Los Angeles, Berlin and Sydney, according to industry tracker Real Capital Analytics.
