GlobeSt.com: What is the general direction of the capital markets as we head into 2005?
Miller: The simple answer is that the capital markets seem to be moving sideways. In 2003, we saw several bumps in pricing, particularly one toward the end of the year and rolling into January. We found ourselves bidding on properties that were getting away from us. So we responded and became more competitive.
GlobeSt.com: You mean you started to bid up.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
