RCA in the commercial property press:

Report: 3Q Retail Real Estate Transactions To Rise

ICSC reports: The first half of the year saw just $20.2 billion in retail property transactions worldwide, down 61 percent from a year ago, according to Real Capital Analytics. The decline is in line with other property types, but retail is the only sector to see second-quarter deal volume fall from the first quarter. Real Capital Analytics predicts a modest resurgence of retail transaction activity for the third quarter, based on deals already closed or pending in the quarter. The U.K. saw the most retail real estate transactions during the first half — some $5.35 billion worth, down 34 percent from a year before. Spain was second, with $2.69 billion, up 88 percent year on year, thanks largely to the $311 million sale of the Centro Comercial Plenilunio, in Madrid, and the $2 billion sale of a 9 million-square-foot portfolio of BBVA bank branches to Deutsche Bank, Real Capital Analytics says.

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