RCA in the commercial property press:

As Big Ticket Sales Stall, Mid-Range Deals Still Drawing Interest, Funding

Commercial Property News reports: Yet, despite rising vacancies and the nearly impenetrable credit market, office deals are still being done--although on a much smaller scale. Two years ago, sales well over the $200 million mark were practically commonplace; today, transactions well, well under $100 million are making the news. Recently, Dividend Capital Total Realty Trust Inc. secured a $36.5 million seven-year, fixed-rate loan with a national life insurance company for the acquisition of a $63.6 million premier 125,900-square-foot office building in Washington, D.C. Just last week, news emerged that The JBG Cos. and Buvermo Properties Inc. had gotten their hands on $32 million in financing for the purchase of a 228,000-square-foot property in North Rockville, Md.

As per numbers from Real Capital Analytics, only 53 office asset sales over $5 million closed during the first two months of the year.