National Commercial Real Estate News From CoStar Group
Not Done Yet: Investors Continue Bidding Up NYC Office Bldgs Past 2007 Highs
Lest anyone thought institutional investors may have been done bidding up prices on trophy office buildings in top tier markets, this week should stand counter to that notion. Three separate investment deals with more than $1 billion in building valuations each were announced this week.
That brings the total $1 billion-plus office sales this year in Manhattan to five, putting it on pace match or eclipse the nine such deals completed in 2007 just...