ATLANTA-Sales in the commercial property market remained at a standstill for months with sellers refusing to reduce prices while buyers demanded discounts. However, this scenario is changing with many sellers becoming impatient and selling properties at lower prices.
Kris Miller, an Atlanta-based dealmaker, purchased a 205,000-square-foot office building for $33 million from Equity Office Properties Trust Inc. in 2007. Recently, Miller sold the building to Cox Enterprises, an Atlanta-based media and automotive services company at a loss of $2 million. For the full story, go to Wall Street Journal.
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