This is a great article written by The Financial Times. Click here to visit the article online.
The trick to eating the curate’s egg is to sample only the good parts. Investors in US commercial property are showing they know how to do this. In the six top metropolitan markets – New York, Chicago, Boston, San Francisco, Los Angeles and Washington – prices have bounced. Real Estate Analytics calculates a trophy index using repeat transactions worth more than $10m in the Moody’s/REAL commercial property price index. After falling two fifths from the October 2007 peak, it is up 19 per cent...
