X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

 I’ve been away the past two weeks—about as far as you can go and mostly out of communication in Patagonia. I came back to repercussions of the Japan earthquake and tsunami as well as the ongoing Middle East news headlined now by Libya and Yemen. One of my first blackberry emails off the plane was an account of last week’s PREA meeting where a record number of attendees where reportedly especially upbeat, buoyed by what else—the increasing number of deals. Properties are moving again—year over year sales for January and February up around 50%. Transactions have begun in secondary and some tertiary markets. Prices are increasing and the CMBS market is bouncing back. A fee based industry sees momentum returning and everybody feels more confident about deals, deals, and the possibility of more deals.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.