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HFF Sees Positive DC Investment Sales

WASHINGTON, DC-Even though the area has only seen $3.6 billion in sales so far, more is in the pipeline, according to HFF.

By Erika Morphy | Updated on July 21, 2006

WASHINGTON, DC-Steve Conley, one of the heads of Holliday Fenoglio Fowler, L.P.’s Washington, DC office, believes the area is well on track to meeting or exceeding last year’s $10.8 billion in investment sales, despite that fact that midway through 2006 only $3.6 billion has closed.

In general, he tells GlobeSt.com, the second half of the year is always busier. Also, he says, there are a lot of deals pending out of the public’s eye at the moment. “Based on what we know is happening in the market and what we are tracking, I believe there will be a significant level of additional closings in the second half of the year.”

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