President & CEO, Sperry Van Ness
By Kevin Maggiacomo, Sperry Van NessNational 20 October 2010 14:36
Supported by recent easing in the availability of credit, multifamily and commercial real estate transaction activity has picked up significantly from last year. Real Capital Analytics reports that, through August, year-to-date property sales have surpassed $50 billion. On this current trajectory, we expect that sales will exceed $100 billion this year, roughly double last year's total of just $54 billion.