Investment sales market sets record in 2005

Total real estate investment sales for New York City for 2005 set a fresh record and reached $16.8 billion, up from $15.1 billion the year before, according to the Cushman & Wakefield Capital Markets Group. That amount may be hard to duplicate or exceed in 2006, but as many as 77 properties are now in contract and expected to close during the current quarter. more [Sun]