RCA in the commercial property press:


NYC Commercial Property Sales Plunge in Credit Freeze


Tuesday, November 04, 2008
Source: Bloomberg


Bloomberg reports: New York City commercial real estate transactions plunged 61 percent in 2008 through October as the global credit crisis roiled lending and sidelined buyers. About $17 billion of transactions have closed so far and the market is headed for its worst year since 2004, according to data from Real Capital Analytics Inc. of New York. Sellers have made 237 deals of $5 million or more, a four-year low in a market that posted a record $51 billion in sales in 2007.


View the full article on Bloomberg: NYC Commercial Property Sales Plunge in Credit Freeze

Posted by: Nina Turner

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