Commercial Market Update

September Sales: After dip down in the number of transactions in August, September seemed to be back in line with recent months with a small upward trend of 35 Transfers. Of which 7 were foreclosures. Office properties led the pack with 11 sales. Industrial had 3, Multifamily and Retail each had 6, and Commercial Land only had 3 transfers. Some Notable Transfers from the Month of September 1. The foreclosure of the “Village at Double Diamond” Shopping Center on South Meadows and Double R-Went back to Wells Fargo at $84m 2. The Medical Office Building Sale at 10619 Professional Circle for $5.5m 3. The Sale of “The View” Luxury Apartments on Selmi Dr for $35m ($112 P/SF,$113k per unit) Notes There seems to be a cautiously positive sentiment in the market and a rising tide of activity as of late. Please see the attached spreadsheet for a excel breakout of all the transfers from September and, as always, please call with any questions.]]>