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Steady Investment Activity Shows Commercial Real Estate Resilience

After a considerable decline in U.S. commercial real estate (CRE) transaction volumes in 2020, 2021 recorded a remarkable comeback. Overall transaction volumes are nearly double 2020 levels, reaching $809 billion. This is almost 50% above the average annual volume of $530 billion between 2015 and 2019. While historically high transaction volumes in 2021 can be partially attributed to carryover of unfinished transactions during a challenging 2020, investor sentiment also played a major role in th...
Los Angeles Office Cap Rates Group Inc Volume Share Cap Rates Still Room

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ON THE SCENE: Latest middle market sales, exclusives

SALES The McSam Hotel Group has sold a 7,000 s/f, three-story building at 152 West 24th Street between Sixth and Seventh Avenues (pictured top) for $7.68 million. Joe Genovese of Lee Odell Real Estate represented the seller. Savills represented the buyer, Bideawee animal welfare and pet adoption organization. The nonprofit will re-locate from its Midtown East location and, following a comprehensive renovation of the building, the property will serve as a state-of-the-art pet adoption center....
David Bernhaut Mitchell Levine Cushman Wakefield Kyle Schmidt Jerry Zaro James Nelson

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