Commercial Real Estate in U.S. May Face ‘Correction,' Apollo's Azrack Says

"Green Street Advisors Inc., a real estate research company in Newport Beach, California, said on April 6 that commercial property values increased 4 percent in March from the previous month and 22 percent from a year earlier, while remaining 14 percent from the August 2007 peak. The Moody's/REAL Commercial Property Price Index shows prices are 45 percent below their peak."