There was a small article in latest issue of the San Jose/Silicon Valley Business Journal (in the Real Estate Digest column) regarding when we might expect an improvement in Commercial Real Estate.
Stan Ross, chairman of the Lusk Center for Real Estate at USC, thinks that there will not be an imminent improvement in the commercial real estate market. He feels that the lack of liquidity in the market as the major obstacle to improvement this year, although he predicts conditions may improve slightly by 4th Quarter 2009.
He doesn't anticipate that the commercial or residential real estate market will start to grow until 2010. (I hope that he's wrong, but fear that he may be right. The lenders I know keep saying that they have money to lend, but you have to have the "right" investment.)
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