Wall Street Journal reports: Two cash-strapped Spanish regions are working against the clock to close sales of more than 100 office buildings to U.K. and U.S. money managers for about €900 million ($1.17 billion), in this year's first big test of investor appetite for Spain's battered property sector.The deals by the two regional governments are a rare sign of life in a sector hit hard by the downturn. Sales of office space in Spain collapsed in 2009, falling 75% to €1.2 billion, according to global commercial property research firm Real Capital Analytics. To view a recent list of deals in Spain, click here.
Real Capital Analytics, Inc.+1 212-387-7103Trouble Logging In?
5/11/2012 BusinessWeek:Twitter Pushes Office Rents Up
5/8/2012 ICSC:ICSC Awards Real Capital Analytics its Distinguished Research Partner Award for 2012
5/2/2012 Bloomberg:European Property Sales Down
4/27/2012 Bloomberg:Manhattan Apartment Prices Reach Peak Level