More Dismal '08 Investment Sales Numbers
The New York Observer reports: 2008 is over, and we'll stop flogging it in a short bit. But here's some more sad investment sales numbers for Manhattan, according to Bloomberg News:
Only 20 property sales worth $5 million or more closed in the fourth quarter and there were only 250 such deals in the year, according to Real Capital Analytics Inc., a New York- based real estate data service.
Fourth-quarter Manhattan transactions totaled $961 million, down 90 percent from the same period a year ago.
View the full article on The New York Observer: More Dismal '08 Investment Sales Numbers
Posted by: Nina Turner