Search
 

Neiman Inventories $3B in CRE Sales During 2005

DENVER-A record $3.1 billion in commercial properties was purchased in the metro area in 2005, reports Brad Neiman, senior vice president of locally based Northstar Commercial Partners. According to his calculations, commercial real estate sales are up 55% from 2004.

By John Rebchook | Updated on January 04, 2006

DENVER-Investors snapped up a record $3.1 billion in commercial real estate properties in 2005, according to a report released by Brad Neiman, senior vice president of locally based Northstar Commercial Partners. Neiman tracked 216 sales of offices, retail and industrial properties of at least $1 million. Neiman always discovers a few more sales in the early months of the year, so the number could even grow.

This is more than the previous estimates by some other groups,” Neiman, who has been tracking investment properties in the metro-area for more than two decades, tells GlobeSt.com. “But the final number could easily be up by another $100 million. This is conservative.”

The sales volume was almost 55% more than the $2 billion in sales during 2004, which was the second best year on record. And last year’s tally was 31.45% more than the previous record set in 1998, when $2.36 billion in sales posted.

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.