Burt M. Polson | Napa Valley and Vallejo's Commercial Real Estate Broker

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Commercial Sales, Leasing and Consulting

Private Equity Syndication

Napa Valley and Vallejo, California

US commercial property sales down in October-report

NEW YORK, Nov 20 (Reuters) - U.S. office building sales fell 70 percent in October from a year earlier, yet another sign the credit crunch that began in the U.S. housing market has spread to the commercial real estate market, Real Capital Analytics said on Tuesday.

But the five-year bull run on commercial real estate may not be over, although the participants have clearly changed, the real estate research firm said.

Source:  Reuters

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