Although commercial real estate investors have been waiting for a rise in interest rates for months—even years—since the uptick finally arrived in May, buyers, sellers and financiers have all had to make adjustments. The 10-year Treasury rose from 1.7 percent in early May to 2.7 in early July after the Federal Reserve Bank announced it would slow its pace of acquisition of bonds. Since then, the 10-year has continued to hover between 2.5 and 2.8 percent. “During that ...
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