Search
 

Investment Sales Slow Sharply in First Half

DENVER-The number of transactions drops almost 44% in the first six months of 2001 while the dollar volume falls 24.5%. Virtually all of the sales take place in the second quarter, according to a report.

By John Rebchook | Updated on July 16, 2001

DENVER-Investors paid $313.9 million for 31 commercial properties in the first half of the year, shows a report by Brad Neiman, senior managing director for Mile High Properties, a local, full-service real estate company. The number of transactions dropped almost 44% from the 55 properties sold in the first six months of 2000, while the dollar volume dropped 24.5% from $416 million.

Neiman has been tracking the sale of offices, industrial properties and retail centers that sell for at least $1 million each for more than 15 years.

“Virtually all of the sales took place in the second quarter,” Neiman tells GlobeSt.com. “Sales in the first quarter were absolutely flat.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.