US Commercial Real Estate Deal Volume = Back to Bubble?

As the article by Sarah Mulholland of Bloomberg points out,

“Real estate deals surged to $129 billion during the three months through March, marking the most active start to a year since 2007, according to Real Capital. “

As capital searches for yield and safety, US commercial real estate is in high demand by global investors. Prices continue to rise driving cap rates lower with the added help of a supply shortage of new product. As lenders continue to loosen underwriting standards, things most certainly will get interesting. With 1Q15 the hottest start to a year since before the last pullback, is it time to worry, a sign of a recovered market, or both? To be continued…

Link to full article.