There's a good chance last year will be remembered for what didn't occur.
The amount of commercial real estate sold in the Triangle in 2009 was $407.8 million, according to CB Richard Ellis' Raleigh office. That was 75 percent less than in 2008 and 85 percent off the market peak in 2007, when $2.8 billion in real estate changed hands.
The numbers reflect the dysfunction in the credit markets and the dance being performed by many underwater property owners and their lenders.
here's a good chance last year will be remembered for what didn't occur.
The amount of commercial real estate sold in the Triangle in 2009 was $407.8 million, according to CB Richard Ellis' Raleigh office. That was 75 percent less than in 2008 and 85 percent off the market peak in 2007, when $2.8 billion in real estate changed hands.
The numbers reflect the dysfunction in the credit markets and the dance being performed by many underwater property owners and their lenders.
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