Three-quarters into 2013, the CRE industry is marked by continued recovery in asset prices, transactions and capital availability. Asset prices are close to 2007 peaks in the major metropolitan markets and transaction activity has improved in the secondary markets. Debt markets have improved to a point where refinancing concerns have eased and there is less worry about the maturity schedule. In addition, private equity and international investor interest have increased in U.S. CRE, with the region considered both the most stable as well as offering better overall returns relative to risk globally.
Can this recovery gain momentum as we move into 2014?
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