June 1st, 2011, By Don Catalano
The Moody’s/REAL Commercial Property Price Index is now 47% below the peak of October 2007, a 4.2% drop since this February. The sales of distressed properties amounted to almost one third of all March’s transactions, and continue to hurt real estate values and cause the index to drag along the bottom. Overall, the index shows no sign of recovery. Read more about Moody’s, CoStar, and Green Street’s reports at Bloomberg Businessweek