Industry experts have differing views on the effects of declining cap rates on the sale prices of office properties in many metro markets. According to an informal poll by Debt & Equity Journal, both cap rates and sale prices can vary widely within the same market because of factors like location and property condition. In general, lower cap rates lead to higher sale prices. However, brokers say there are other issues to consider.

ORLANDO-The Orlando Magic is getting a $480-million, 35,000-seat, 700,000-sf new arena. The Citrus Bowl is looking at a $175-million facelift. And a new performing arts center will come in at $389 million.

ORLANDO-The Orlando Magic is getting a $480-million, 35,000-seat, 700,000-sf new arena. The Citrus Bowl is looking at a $175-million facelift. And a new performing arts center will come in at $389 million.

CLAYTON, MO-Newport Beach, CA-based KBS Real Estate Investment Trust acquires the 325,172-sf Plaza in Clayton office building.