The Real Deal New York

European vacation: Euro investors take a holiday from investing in NYC commercial market

By Tom Acitelli | January 23, 2012 10:30AM

From the January issue: Manhattan’s commercial property will see less investment from Eurozone countries in 2012, as the continent continues to struggle with national deficits, austerity measures and a general existential crisis that last month’s summit failed to resolve, analysts say. The Manhattan activity from Eurozone countries (e.g., Spain, Germany, France and Italy) is expected to come mostly from investors, especially banks, selling off assets here to pay down debt or to conform to new European Union banking regulations. [more]