RCA in the commercial property press:

Retail Sales Climb in Q3

Retail Traffic reports: According to global commercial property research firm Real Capital Analytics’ (RCA) Retail Quarter in Review, the investment market for commercial real estate as a whole entered the fourth quarter in its strongest position since late 2007. Sales of significant assets(transactions greater than $5 million) surged to $5.5 billion in the third quarter of 2010, up 131 percent from the third quarter of 2009 and nearly double the figure in the second quarter. It was the second most active quarter since the downturn began, only outpaced by the fourth quarter of 2009.

Overall, RCA said that 43 U.S. markets recorded sales gains, signifying a recovery in transaction activity.

Traded and nontraded REITs and institutional investors remained the most active buyers. The most active sellers include a greater variety of capital sectors, with institutional investors, foreign investors and banks. RCA said that more distressed sales are also occurring. Overall, about 16 percent of retail transactions by count involved distressed assets during the second and third quarters.

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Posted by: Nina Turner

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