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NEW YORK CITY-Based on a growing share of distressed transactions, commercial property price indexes (CPPI) declined by 4.2% earlier this year, bringing the index to its lowest level since October 2007’s peak, according to a May 2011 report prepared by Moody’s, in conjunction with Real Estate Analytics, LLC and the MIT Center For Real Estate. At the same time, the CRE market is showing some signs of life, as a recent pick-up in the volume of transactions is setting the stage for renewal, the report finds.

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