S&P Launching CRE Indices

Standard & Poor's is launching commercial real estate indices to measure changes in commercial real estate prices in partnership with GRA, an affiliate of Charles Schwab Investment Management.The indices will measure price changes by property sector and geographic region, S&P reported. 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 indices are to be based on closed commercial real estate transactions with input from GRA. The indices are slated to be launched on Aug. 21. S&P can be found online at http://www.standardandpoors.com.