WHAT'S YOUR OUTLOOK FOR '08?
Well, the good news is that '08 ain't '07. This Part Two Quick Poll (Part I was a fairly dismal take on the current year) shows a bit more optimistic outlook for next year, with 14% claiming they're "Psyched," and 57% stating they're "Cautious, but Optimistic." Only 28% see no hope, no light, no reason to be, checking the dour "We're Screwed" box. Not so Vance Maddocks, not so. The CEO of L.A.-based CBRE Investors is cautiously gung-ho for 2008, and he has three little words to prove it:
"The three words I would use are active, challenging and opportunity. I'm going to speak globally because our organization is truly global at this point--half of our assets, half of our revenues and half of our people are outside the US.
"In terms of capital-raising, we expect we'll be down slightly in '08 but still raise a substantial amount of money. We'll be down because there's a cycle of products and when they're in the market, and for no other reason than that. That capital leads to acquisitions, and the capital we're raising in '07 leads to what's going to happen in '08.
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