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What, Me Worry? Top Investors Say Real Estate Market Will Grow This Year

LOS ANGELES-Though many agree a recession is coming, some of the nation's largest owners and other investors speaking at conference co-sponsored by GlobeSt.com say this year will also bring plenty of opportunities.

By Erin Cassin | Updated on January 22, 2001

LOS ANGELES-A group of top-level investors say that despite widespread predictions of an impending recession, most of the nation’s commercial real estate markets will see continued growth in 2001–just not as much as they enjoyed last year.

The execs made their remarks on a panel at a Friday conference organized by the Beverly Hills-based Real Estate Conference Group. GlobeSt.com and two of its sister print publications, the national Real Estate Forum and LA-based Real Estate Southern California, were media sponsors of the event.

“Real estate markets are healthy, but we won’t see as much growth as in 2000,” said David L. Knowles, managing director of Merrill Lynch Investment Banking, as he addressed an audience of about 1,000 professionals from across the nation. The other panel members agreed that there will be a definite slowdown in commercial real estate over the coming months, with the office sector being one of the hardest hit market segments.

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