Commercial Property Sales Set New Record
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From Times Wire Reports
Low interest rates and a growing perception of property as a safe alternative to the stock market drove the investment market for Bay Area commercial property to new heights in 2004.
A record $8.6 billion worth of office buildings, retail centers, warehouses and apartments were sold last year, according to a report by Deloitte & Touche and Rosen Consulting Group. That was almost double the amount in 2003, the company said.
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