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NEWPORT BEACH, CA—Property valuesare 11% above August '07 peak and have risen 7% in the last 12months and 2% since July. The Green Street CommercialProperty Price Index increased by 2% in August.
According to Peter Rothemund, an analyst atGreen Street, “Declining cap rates and higheroperating income have been pushing values higher. That's likely tocontinue. Real estate pricing looks rather compelling when comparedwith the returns available on competing fixed-incomeinvestments.”
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