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SAN DIEGO-GlobeSt.com has learned exclusively that the firstquarter of 2013 showed better-than-expected activity in terms ofcommercial real estate transactions nationwide.The industry had in excess of $63 billion in transactions duringthe quarter, which pushed the market to its highest mark in a firstquarter since 2007, according to Jones Lang LaSalle'sCapital Markets.
Marisha Clinton, director of capital marketsresearch for JLL, tells GlobeSt.com that a variety of factors ledto the surprise in transaction uptick. “First of all, we have totake a step back and look at what happened at the end of the year.Due to anticipated tax increases, there was eagerness on behalf ofsellers to get deals closed, so a lot of volume activity that hadbeen expected for January was pulled forward to the end ofDecember. Because of this, the first quarter was supposed toexperience some softness, which never materialized.”
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
