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Property Sales Bloodbath

While commercial real estate doesn't get us all hot and bothered, brokerage Massey Knakal's year-end property sales report splatters more guts and gore than a Rob Zombie flick. In Manhattan (south of 96th St.), the transaction volume of $4.2B was down 79% from '08, and down 92% from its 2007 peak. Brooklyn saw a 61% decline from last year (79% from peak) and Queens was down 69% from '08 and 77% from '07. The Real Deal has more, if you dare. [CurbedWire Inbox]