Appraiser Institute News features Integra Realty Resources

by Appraiser Institute News Editors

Appraiser Institute News features Integra Realty Resources in an article about the value of commercial real estate. Integra completed more than 25,000 commercial valuation assignments in 2009, and its fourth quarter index shows that the office, industrial, and multifamily sectors lost only 3 percent of their value in the past three months. The lodging and retail sectors recorded a 5 percent drop and is still falling, but across the country, the pace has slowed compared to earlier in the year. "Not much new development is going to occur," said Ben Loughry, managing partner of Integra Realty Resources in Dallas-Fort Worth. "There certainly are opportunities and safe havens, but the key to real estate deals is doing extensive due diligence. Times are tough."