US commercial deals jump 45% in dollar volume in Q1

2015's second quarter is shaping up to be the biggest on record

New York /
May.May 14, 2015 05:05 PM

The total dollar amount of U.S. commercial real estate transactions are up 45 percent in the first quarter of 2015, bolstered by foreign investment.

Sales of multiple buildings or entire companies are driving the increase, Bloomberg reported. For example, General Electric has agreed to sell its real estate holdings to Blackstone Group and Wells Fargo in a $23 billion deal.

The second quarter of the year could be the biggest on record as far as property transactions go, according to Real Capital Analytics data cited by Bloomberg.

“It’s so hard to get things on a single-asset basis,” Janice Stanton of Cushman & Wakefield told the website. “You’re starting to see larger and larger transactions.”

During the first three months of the year, commercial real estate deals totaled $129 billion. The largest deal of the first quarter, according to Bloomberg, was Blackstone’s sale of industrial building owner IndCor Properties to Singapore’s sovereign wealth fund, for $8.1 billion. [Bloomberg] — Claire Moses


Related Articles

arrow_forward_ios
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
A photo illustration of the proposed Lower Platte River Corridor (Getty, Plan Preserve Play NE)
Nebraska lawmakers mull digging $1B recreation lake
Nebraska lawmakers mull digging $1B recreation lake
Illustration of Stefan Soloviev (HaydenSoloviev, CC BY-SA 4.0, via Wikimedia Commons, Getty)
Soloviev bets long-dormant Midtown East site in casino sweepstakes
Soloviev bets long-dormant Midtown East site in casino sweepstakes
CHIP's Jay Martin and HCR Commissioner RuthAnne Visnauskas (Getty)
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
PulteGroup's Ryan R. Marshall and RedFin's Glenn Kelman (PulteGroup, RedFin, Getty)
Wall Street is bidding up housing stocks again
Wall Street is bidding up housing stocks again
Empire Capital Holdings' Josh Rahmani, Hakimian Capital's Michael Hakimian, RXR's Scott Rechler and 1330 6th Avenue (Getty, Hakimian Capital, Empire Capital Holdings, 1330aofa.com)
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
Urban Commons' Salvatore G. Takoushian with Wagner at the Battery
Urban Commons puts FiDi hotel into bankruptcy
Urban Commons puts FiDi hotel into bankruptcy
(Illustration by The Real Deal; Getty)
Multifamily faces stricter emission caps
Multifamily faces stricter emission caps
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...