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The Moody's/REAL Commercial Property Price Indices are calculated using a methodology developed by The Center for Real Estate at MIT and transactional data licensed by REAL from Real Capital Analytics (RCA). Last year, condo conversions fell to 24, and this year there has only been one sale to date, Real Capital Analytics reports. According to reports issued by Real Capital Analytics and provided to the Business Journal by Sperry Van Ness, a total of 174 garden-style apartment units and 40 mid- to high-rise style apartment units were on the market in Los Angeles in the third quarter of 2005, listed at an average unit price of $167,515 for the garden apartments and $225,639 for the mid-to high-rise units or cap rates of 4. |
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