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NEW YORK -- Standard & Poor's is launching a series of commercial real estate indices to measure changes in commercial real estate prices.
The indices - which are being created in partnership with GRA, an affiliate of Charles Schwab Investment Management - will measure commercial real estate price changes by property sector and geographic region, the financial information company reports.
There will be 10 indices, including a national composite, five geographic indices (Desert Mountain West, Mid-Atlantic South, Midwest, Northeast and Pacific West) and four property sector indices (multifamily, office, retail and warehouse).
The SPCREX indices are to be based on closed commercial real estate transaction input from GRA, and index values will reflect ...