According to the October 2011 issue of Shopping Centers Today, in the first half of 2011 about $61 billion in retail property changed hands worldwide. This is up 60% from last year. The U.S. only accounted for $19.4 billion of this, with the most active marketing being the New York City area. Other notable active markets include Los Angeles, Chicago, and San Francisco. This activity was driven by an influx of international funds and distressed properties offloaded by banks. These distresses properties included hotels, industrial buildings, and multifamily properties.
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