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I was expecting in 2014 release, there will be way for direct reading the elevation of pipe in Navisworks. But not, highly disappointment.
If you open the Measure Tools Palette, it shows you the XYZ of the item you select when measuring.
I had already communicated this, the picking point will be edges, will not be centre. You please see how the elevation of pipe modelled in revit shows in Navisworks. In the property option, the x, y, z should get displayed. Measuring tool is not a correct solution. Please take up with your development team.