The volume of commercial/multifamily property sales is expected to rise in 2010. What factor will be the biggest catalyst?

• A wave of foreclosed properties coming to market at a discount

• Owners with balloon payments coming due who want to exit the market now

• A narrowing of the bid-ask gap between buyers and sellers

• The improving economy signals a market bottom and a time to buy

• Private equity needs to deploy the billions of dollars it has amassed

• The threat of an increase in the capital gains tax rate in 2011