Investment
New York City Spotlight: Sales Slowdown
By Georgiana Mihaila 2014 kicked off with a rather sluggish sales pace for the commercial real estate sector, with sales dropping by more than half compared to the first quarter of 2013. The overall sales volume for the first quarter accounted for slightly over $6.6 billion, com- pared to an impressive $16 billion recorded within the same timeframe last year. While the numbers might seem gloomy, the slowdown can be partially credited to a limited number of transactions over $50 million. In the first quarter of 2013, there were 62 high-profile transactions above $50 million, whereas in the first quarter…
New York City Spotlight: Going Up
(office transactions by quarter, 2012-2013)