The domino that did not fall:
U.S. commercial real estate values are drifting sideways after a two-year rally, analysts say.
Prices for offices, shopping centers and apartment buildings in major cities rebounded to within 10% of their historic highs before leveling out six months ago, according to Green Street Advisors Inc. of Newport Beach.
So CRE values around the country are moving sideways and are within 10% of their all-time highs. It wasn’t so long ago, you may recall, that the conventional wisdom was absolutely certain that commercial real estate was going to collapse on a grand scale just as soon as the housing bubble was finished bursting. Times change. . . .