Office Real Estate Bubble May Buoy Broader Market

Law360, New York (April 16, 2013, 7:54 PM EDT) -- Opportunistic real estate investors looking to placate shareholders in a low-yield environment are starting to shift their focus from buying overvalued office property to selling it in certain markets, freeing up funds for new sectors and geographic areas and bringing some balance to a lopsided real estate market, experts say.

Particularly in New York and in the suburban office markets surrounding it, properties in the office and multifamily sectors are selling for exorbitant prices with historically low capitalization rates. This is making deals much more expensive...
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