The Real Deal New York

From the July issue: As the credit market tightens, demand is slowing for multi-property portfolios — the most expensive investment sale category. Of the property packages that do sell, more and more are being split into smaller pieces when they change hands. Current conditions are breaking the mold for big-bloc sales. David Schechtman, Eastern Consolidated senior director, noted that if one saw a big portfolio being split up in 2006, it was a surprising anomaly. Now the opposite is true: It is rare to see a big portfolio sell in one piece.