In a year of uncertainty, professional pessimists finally have a tool to short the private real estate market. Financial services firm Global Index Group on Wednesday launched a synthetic investment product tied to the performance of the NCREIF Index, which tracks the return on privately held real estate in the U.S. As with traditional swaps, customers can choose to go either short or long. CBRE Capital Advisors, CBRE’s investment banking arm, is selling the product, […]