Thursday, May 26, 2011

Philip Blumberg on CNBC Squawk Box 5/26/11

Investment in Real Estate is Investment in Commodities

Commodity pricing has a huge effect on commercial property prices and commodity prices help to drive up the price of office real estate, Philip Blumberg, founder and Chairman, Blumberg Capital Partners told CNBC. Western markets were also still oversupplied in terms of housing compared to emerging markets, he added.

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