Record spending on commercial real estate expected

From the Chronicle, "Investors will pour a record $200 billion into commercial property in the United States this year, according to a survey presented Tuesday by a real estate services firm at an industry gathering in San Francisco."

"It's already been a banner year in San Francisco, the second-most-popular market for big investors after New York City, according to Cushman & Wakefield. More than $4 billion in commercial property sales have closed in the city in 2005."