John McCloudis editor of Industry Property Journal,from which this article is excerpted.
Chicago—Some $22.35 billion in US industrial propertieschanged hands in the first half of 2007, according to statisticsprovided exclusively to IPJ by locally based Jones LangLaSalle. Of that amount, 29% or $6.5 billion involved across-border buyer, seller or both. That includes global sources ofcapital originating in more than one country.
The statistics come from a Jones Lang report analyzing worldwidedirect real estate investment from January through June. Accordingto the report, such investment reached a record $382 billion--16.6%higher than the same period last year. Jones Lang notes global realestate investment grew for the 16th consecutive quarter, with theAmericas, Europe and the Asia-Pacific region all achieving recordinvestment volumes.
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