RCA in the commercial property press:

Land Sales in This Environment? WSJ Says Believe It

Wall Street Journal reports: With clear, upward momentum established in the commercial real estate sector by the end of last year, anecdotal evidence is emerging to support that the most optimistic players have begun to expand their sights beyond even secondary and tertiary markets, to pure development projects instead. In a recent Wall Street Journal article, several recent deals involving the sale of undeveloped land were documented in areas across the US.

These sales were among those behind the $5.5 billion in land and development site transaction volume aggregated by Real Capital Analytics in the US during 2010. In citing this statistic, the Journal acknowledged that though this was nearly double 2009’s volume of $2.8 billion, it was a whisper compared to the $40.8 billion of development and land sales tallied at the height of the market in 2007.

For more information on this exciting new activity in commercial real estate, please see the full article on the Wall Street Journal’s site.

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Posted by: Nina Turner

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