Commercial real estate transactions in the Triangle totaled $1.83 billion last year, the highest dollar amount that the region has recorded since 2007, according to preliminary numbers tallied by real estate firm CBRE.
Apartment sales accounted for 63 percent of that total, reaching a Triangle record $1.16 billion last year.
CBRE's data includes all income property sales over $2 million. It does not include hotel, senior housing or land sales.
CBRE's tally includes 123 transactions, up from 79 in 2011.
The total dollar amount of office building transactions increased 55 percent last year, reaching $324 million. Flex and industrial buildings totaled $143.4 million, and retail sales deals totaled $204.7 million.
Retail was also the only sector to see a decline, with the total dollar amount of the transactions falling 29 percent.
CBRE also breaks out deals by the type of buyer and seller. Private capital was the buyer in 47 percent of the transactions, with Real Estate Investment Trusts representing 23 percent.
Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or