Posted by Leonard Steinberg on January 8, 2011 Robert Knakal of Massey Knakal, a leading brokerage for smaller commercial buildings, just reported that Commercial real estate market conditions continue to exert upward pressure on value as an acute supply/demand imbalance leaves thousand of active buyers fighting over relatively few available properties. Coupled with an extraordinarily… [Read More]
NEW YORK BUILDING SALES RISE
Robert Knakal of Massey Knakal reports In Gobestreet that in all of 2009, 1436 properties were sold in the Big Apple and, in the first half of 2010 (1H10), there were 818 buildings sold. The dollar volume of sales also increased significantly, going from $6.26 billion in all of 2009 to $6.49 billion in 1H10. The… [Read More]