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Pep Boys - Manny, Moe & Jack Message Board

  • daninfw04 daninfw04 Jul 21, 2010 1:27 PM Flag

    Real Estate

    "Broadly speaking, REITs have gained about 7.75 percent in 2010 while the major stock indexes remain mired in negative territory, according to FTSE/National Association of Real Estate Investment Trust data.

    Halle said Prudential has been a slow buyer of commercial real estate, but has found surprisingly high pricing in the market and strong bids.

    "We think the recovery is going to be very different this time."

    Marc Halle
    Prudential Financial
    "When we sell a property, the number of bids is phenomenal," he said.

    Big banks also are seeing opportunity on the commerical side.

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