Residential real estate values may have stagnated in 2006, but it was a very good year for commercial properties -- office towers, shopping centers, and strip malls. Bloomberg's Real Estate Investment Trust index rose 28 percent last year, driven by an economic recovery that has boosted rents and property values in downtowns across the country. The year was punctuated by Blackstone Group engineering the largest leveraged buyout in history for billionaire Sam Zell's Equity Office Properties Trust, a Chicago firm with major holdings in the Boston market.
SOURCE: Standard & Poor's Compustat
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