Monday, November 3, 2008

Random Thoughts on SV Commercial Real Estate

I picked up this week's Silicon Valley/San Jose Business Journal this weekend and was leafing through it when I came across this article by Katherine Conrad titled " Tight credit brings big drop-off in commercial real estate sales". (How's that for a depressing way to start the weekend.) Click on the title to go to the compete article.


I know it's nothing new and that many of us have been saying the same thing for the past couple of months, but just seeing it in print, kind of brings it home.


I don't that it's completely dried up. There's probably still money out there, but it's going back to relationships. Like Trevor Thorpe, managing director with CBRE's Walnut Creek office said at the end of the article, "If an investor has a solid relationship and a long history, they can get credit."


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