Be Kind, '09! A National Commercial Real Estate Perspective
The New York Observer reports: Oh, it's ugly out there for commercial real estate and its investors. The Times' Vivian Marino ran down the national picture over the weekend, including this dismal statistical gem about '08 investment sales nationwide:
From January through December, there were just 1,410 transactions nationwide, valued at $49.3 billion, versus 4,410, valued at $207.2 billion, for the corresponding period in 2007, according to the latest data from Real Capital Analytics, a research company. It predicted that sales would total $53 billion to $55 billion for all of 2008, further below a recently reduced forecast of $61 billion.
View the full article on The New York Observer: Be Kind, '09! A National Commercial Real Estate Perspective
Posted by: Nina Turner