Commercial Real Estate Prices Show Gains
Green Street Advisors, independent research firm, reported that its commercial property price index rose 2 percent in November and was up 30 percent from the industry low in 2009.
"Half of the decline in values that occurred from 2007 to 2009 has been eradicated. Nevertheless, values remain roughly 20 percent shy of their peak," said Mike Kirby, director of research for Green Street.
Unlike many indexes, which are based on closed transactions, Green Street records transactions as they go under contract.
Source: Green Street Advisors (12/02/2010)
Friday, December 3, 2010
Wednesday, December 1, 2010
The Gates in Avon is now ..... The Ascent
Word is out.......The Gates Residences at the bottom of Beaver Creek is being remarketed as The Ascent at 50% of the prior prices. The project was purchased in foreclosure by Condo Capital Solutions, Inc. http://www.realcapitalsolutions.com/. There will be 49 units offered for sale from the mid $300,000s to over $1 million and include two, three and four bedroom units , an indoor heated pool, a shuttle to Vail and Beaver Creek, a workout facility and heated underground parking. Call me for a tour of the development or for more information.
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