Absence of last-minute rush seen in 88% Q4 deals drop
San Jose Business Journal reports: The waning days of 2008 defied tradition in the commercial investment sector by the sheer lack of buyers and sellers rushing to nail down deals.
While real estate investments were slow throughout the year, preliminary numbers from Real Capital Analytics show that by the fourth quarter, volume across the country had all but disappeared. Transactions dropped an astounding 88 percent during the last three months of the year, when just $128.6 billion worth of property changed hands, according to the New York-based firm.
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Posted by: Nina Turner