That was the consensus on Thursday, along with a heavy dose of pessimism about the economy, and commentary on everything from the lending crisis to the near-term future of the multifamily industry delivered by dozens of speakers to some 1,200 people attending the RealShare event at the Westin Bonaventure Hotel in Los Angeles.
The all-day conference and networking event was closely tied to the current state of the economy and the commercial real estate markets as well as the financial situation on Wall Street.
This year's Apartments 2008 conference included a lineup of nearly 60 speakers and panels designed to address every facet of the multifamily market, its relationship to the industry in general and other industry issues. The event featured a presentation by CMBS pioneer Ethan Penner, now with CB Richard Ellis Investors, whose talk was more like a eulogy for the market to which his name is so closely tied.
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