CHICAGO—As reported yesterday in, DTZ just released its report on US investment activity in the third quarter and found that volume reached $66 billion, bringing the rolling annual volume to $270 billion, a post-crisis record. Researchers found that a big share of the activity in eight top markets such as Chicago, Manhattan and San Francisco came from cross-border investments, and there are signs that investors’ interest in secondary markets has perked up, a continuation of trends seen over the summer.

Still, in some places there seems to be a reversal. Foreign investors, for example, have started avoiding cities like Houston and Washington, DC. In the latter’s case, John Wickes, the Chicago-based head of Americas research at DTZ, tells that “the leasing fundamentals are weak there. Investors don’t see the opportunity for rental growth.”

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