Retail property sales claim top spots in ’98
Retail-property sales ranked among the top real estate deals of 1998, taking four out of the top five sales spots.
But that does not mean retail sales dominated the real estate market, experts say. Residential-land sales and other commercial sales, including office and industrial sales, also were strong.
Retail-property sales have a high value by nature, but several other factors contributed to big sales in 1998.
Steve Pfister, a broker associate at Realtec Commercial Real Estate Services Inc., said several big retail sales that were stalled in the pipeline broke through in 1998. Retail deals take longer to go through the…
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