The Center City investment market shrugged off any remnants from the recession and pulled out a year in which $1 billion worth of commercial real estate traded.
Twenty-four transactions were logged in the Central Business District compared with 16 totaling $700 million in 2013 and eight in 2012 totaling $96 million, according to JLL data. The data excludes a $505 million transaction in which Comcast Corp. bought a majority stake in Comcast Center.
Property owners have decided to seize on the interest in commercial real estate and deals are getting done.
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