"We have a demand problem," Robert Stone, senior vice president, Guaranty Bank, Chicago, told a National Association of Industrial and Office Properties conference last week in Chicago.
Neil Bluhm, principal, Walton Street Capital Opportunity Fund, Chicago, told the same conference, "There's a lot of liquidity (in the marketplace), but it's not moving."
Leading the lending convoy are private equity, opportunity funds and investment banks, Bluhm says. Insurance companies, however, are focusing on making mortgages rather than buying assets.
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