CB Richard Ellis, other REITS see shares soar

Posted May 27, 2010 at 4:46 p.m.

From MarketWatch | Real estate investment trusts posted huge gains during Thursday’s rally after the volatile sector fell sharply during the recent correction on global growth worries. CB Richard Ellis Group Inc. and Host Hotels & Resorts Inc. both rose 8.7% to lead the financial stocks in the S&P 500 Index.

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