CHICAGO-The fourth quarter this year can be seen as a bonus, as capital investment in the first three quarters, nearly $60 billion, already surpassed all of 2009, according to a recent Jones Lang LaSalle bulletin. Though it’s true capital is still chasing core-market deals, those will dry up and hungry investors will start going after secondary markets, the company claims.

Contrary to fear of a possible double-dip recession, in Q3 overall US investment sales volume for the four main property types totaled about $26 billion, the highest quarterly total in two years, according to JLL figures. The current investment pace is at 2002 levels, says Josh Gelormini, a VP of research at the company.

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