Commercial Real Estate On The Rise

In some markets, commercial-property values have soared more than 30% from their lows in 2009, according to one industry gauge. For properties such as marquee apartment buildings in New York City and office buildings in Washington, D.C., values are even approaching pre-crash levels.

Last week, a Washington building that had been the headquarters of the Mortgage Bankers’ Association sold for $101 million—just a year after the trade group sold the 10-story building for $41.3 million. Even in… [Read the full story...]

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