LOS ANGELES—Now that the Great Recession is fading into the past, and 2015 seems to be shaping up as a boom year in real estate, there is a temptation for real estate developers and investors—eternal optimists—to extrapolate from a few good years into an ever rosier future.
Which is exactly the time to remind ourselves that ours remains a cyclical industry, in many sectors well along the curve, and that we should not be lulled into forgetting the hard-earned lessons from the darker days of the recession:
1. Pick your partners well. When the going gets tough again, having partners, tenants, landlords and lenders who are financially strong, reasonable people, with interests largely aligned with yours, makes a huge difference. Do your due diligence: how did these people actually behave in the recent unpleasantness?
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
